Mid and High-Level Precision GPS Receiver Market $7.08 Billion By 2032, CAGR 9.1%

Mid and High-Level Precision GPS Receiver Market Size Worth $7.08 Billion By 2032 | CAGR: 9.1%


The global mid and high-level precision GPS receiver market size is expected to reach USD 7.08 Billion by 2032, according to a new study by Polaris Market Research. The report “Mid and High-Level Precision GPS Receiver Market Share, Size, Trends, Industry Analysis Report, By Frequency Type (Dual Frequency, Single Frequency); By Functional Deployment; By Type; By End-User Industry; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for mid and high-level precision GPS receivers has been driven by the growing automation of industries and the growing need for precision GPS in the construction sector. The market is growing because GPS receivers are being used in autonomous driving more and more. In the context of the construction sector, the technologies enable positioning precisely and improvement in efficiency.

The COVID-19 pandemic has profoundly impacted the mid and high-level precision GPS receiver market as the epidemic negatively impacted people's quality of life in a number of different nations. Additionally, the shutdown caused disruptions in global logistics and supply chains. The pandemic has caused a lack of raw materials, which has limited output across many industries. The primary causes of the output fall are the decrease in exports and the disruptions in the supply chain.

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The growing adoption of GPS receivers in the facilitation of the transportation sector is expected to boost the mid and high-level precision GPS receiver market demand. For autonomous cars to operate without human assistance, GPS technology is essential for accurately determining their location, route, and speed. GPS receivers are crucial to the development and implementation of autonomous driving systems because they enable cars to follow complex routes, avoid obstructions, and maintain a safe distance from other objects. These receivers work in tandem with other sensors, such as radar, LiDAR, and cameras, to create a comprehensive picture of the environment around the vehicle. By utilizing precise positional data, this integrated sensor fusion enables autonomous vehicles to make judgments in real time.

Mid and High-Level Precision GPS Receiver Market Report Highlights

  • The survey grade segment dominated the market in 2023, driven by the feature of providing accurate data for a range of mapping and surveying uses.
  • The agriculture segment led the market in 2023 and is expected to maintain its dominance due to the rising automation technologies that are used to increase efficiency and production.
  • North America holds a significant revenue share in the global Mid and High-Level Precision GPS Receiver market, driven by the availability of advanced technologies and required infrastructure.
  • The global key market players include Trimble Inc., Topcon, Hexagon AB, Hemisphere GNSS Inc., Javad GNSS, Geneq, South Surveying & Mapping Technology Co.Ltd, Septentrio, and ComNav Technology Ltd.

Polaris Market Research has segmented the mid and high-level precision GPS receiver market report based on frequency type, functional deployment, type, end-user industry and region:

Mid and High-Level Precision GPS Receiver, Frequency Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Dual Frequency
  • Single Frequency

Mid and High-Level Precision GPS Receiver, Functional Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

  • Navigation
  • Surveying & Mapping

Mid and High-Level Precision GPS Receiver, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Differential Grade
  • Survey Grade

Mid and High-Level Precision GPS Receiver, End-User Industry Outlook (Revenue - USD Billion, 2019 - 2032)

  • Mining
  • Agriculture
  • Construction
  • Transportation
  • Oil & Gas
  • Others

Mid and High-Level Precision GPS Receiver, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Mid and High-Level Precision GPS Receiver Market Report Scope

Report Attributes

Details

Market Size Value in 2024

USD 3.52 billion

Revenue Forecast in 2032

USD 7.08 billion

CAGR

9.1% from 2024 – 2032

Base Year

2023

Historical Data

2019 – 2022

Forecast Period

2024 – 2032

Quantitative Units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Frequency Type, By  Functional deployment, By Type, By End-user Industry, By Region

Regional Scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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