Mid-and High-Level Precision GPS Receiver Market 2023 Growth, Size, Industry Trends, Future Insights and Regional Outlook By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Mid-and High-Level Precision GPS Receiver Global Market Report 2023 identifies The rise in the construction industry as the major driver for the Mid-and High-Level Precision GPS Receiver market's growth in the forecast period. The construction industry is an area of science and trade that deals with building, repairing, remodeling, and maintaining structures. It includes constructing buildings, engineering projects, roadways, utility systems, and other specialized facilities. The use of GPS technology for equipment tracking in large-scale construction projects, such as civil construction sites and mega-projects, has raised the demand for GPS devices in the construction sector.

The global mid- and high-level precision GPS receiver market is expected to grow from $2.84 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mid- and high-level precision GPS receiver market is expected to reach $4.91 billion in 2027 at a CAGR of 11.3%.

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Major competitors in the Mid-and High-Level Precision GPS Receiver market are Stonex Group Inc., CNH Industrial N.V., Raytheon Technologies Corporation, Hexagon AB, Garmin Ltd.

A key trend in the Mid-and High-Level Precision GPS Receiver market includes Product innovations. Major companies operating in the mid-and high-level precision GPS receiver market are developing new products to sustain their position in the market. For instance, in December 2022, ComNav Technology Ltd., a China-based manufacturer of GNSS (Global Navigation Satellite System) OEM boards and receivers for high-precision positioning, launched the Universe Serie GNSS Receiver. This revolutionary and creative laser GNSS receiver offers a rod-less survey. The device integrated a millimeter-level laser distance meter onto Venus, which may be used in laser mode to replace the range pole, extending the capabilities of GNSS surveying beyond the norm.

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The Mid-and High-Level Precision GPS Receiver market is segmented -
•By Type: Differential Grade, Survey Grade
•By Frequency Type: Single Frequency, Dual Frequency
•By Industry: Agriculture, Mining, Construction, Oil And Gas, Other Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mid-and High-Level Precision GPS Receiver market.

The Business Research Company's "Global Mid-and High-Level Precision GPS Receiver Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Mid-and High-Level Precision GPS Receiver Market Include:
1. Executive Summary
2. Mid And High Level Precision GPS Receiver Market Characteristics
3. Mid And High Level Precision GPS Receiver Market Trends And Strategies
4. Mid And High Level Precision GPS Receiver Market - Macro Economic Scenario
5. Global Mid And High Level Precision GPS Receiver Historic Market Size and Growth
.............
32. Global Mid And High Level Precision GPS Receiver Market Competitive Benchmarking
33. Global Mid And High Level Precision GPS Receiver Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mid And High Level Precision GPS Receiver Market
35. Mid And High Level Precision GPS Receiver Market Future Outlook and Potential Analysis
36. Appendix

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