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Emerging High-Precision GNSS Receiver Market Trend 2025-2034: Innovative GNSS Receivers With Dead Reckoning Enhance Precision And Resilience In Challenging Environments
High Precision GNSS Receiver Market Outlook
The high-precision GNSS receiver market will grow from $1.42 billion in 2024 to $1.55 billion in 2025, at a CAGR of 9.5%. Growth factors include rising demand in robotics, urban planning, scientific research, construction, and surveying and mapping applications.
The High-Precision GNSS Receiver market is expected to reach $2.09 billion by 2029, with a CAGR of 7.8%. This growth is driven by autonomous vehicle demand, marine navigation, and precision agriculture. Key trends include autonomous vehicles, RTK technology advancements, and 5G network integration.
What Are the Key Drivers Behind the Growth of the High-Precision GNSS Receiver Market?
The growing mining sector is anticipated to drive the expansion of the high-precision GNSS receiver market in the near future. The mining industry includes activities such as exploration, extraction, processing, and transportation of valuable minerals, metals, and other geological resources from the Earth's crust. As the demand for renewable energy sources like solar panels, wind turbines, and electric vehicles increases, there is a greater need for minerals and metals. High-precision GNSS receivers are employed in mining operations to improve efficiency, safety, and productivity by offering accurate positioning and geospatial data, leading to informed decision-making. For example, in February 2023, a report from the United States Geological Survey revealed that US mines generated around $98.2 billion in nonfuel mineral commodities in 2022, an increase of $3.6 billion (3.8%) from the projected $94.6 billion total for 2021. Thus, the expanding mining industry is fueling the growth of the high-precision GNSS receiver market.
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Who Are the Major Industry Players Fueling High-Precision GNSS Receiver Market Expansion?
Major companies operating in the high-precision GNSS receiver market are Raytheon Technologies Corporation, Qualcomm Incorporated, Broadcom Inc., Texas Instruments Incorporated, Thales Group, Hexagon AB, Trimble Inc., Cobham PLC, MiTAC Holdings Corp., Topcon Positioning Systems Inc., Hi-Target Surveying Instrument Co. Ltd., Raven Industries Inc., CHC Navigation Technology Ltd., Beijing UniStrong Science And Technology Co. Ltd., Carlson Systems Holdings Inc., Swift Navigation Inc., Septentrio N.V., Javad GNSS Inc., Unicore Communications Inc., NavCom Technology Inc., Tersus GNSS Inc., AG Leader Technology Inc., Geneq Inc., ComNav Technology Ltd., Hemisphere GNSS Inc.
Which Key Developments Are Influencing the High-Precision GNSS Receiver Market?
Key companies in the high-precision GNSS receiver market are focusing on technological advancements like dead reckoning (DR) functions to ensure positioning accuracy and signal resilience in challenging environments. DR calculates position shifts using prior location data and movement sensors. For instance, in September 2024, Quectel Wireless Solutions Co. Ltd., a China-based IoT solutions provider, launched the QLM29H series GNSS receiver. This receiver offers high-precision localization and integrates seamlessly with existing systems, operating reliably in extreme temperatures.
How Is the Segmentation of the High-Precision GNSS Receiver Market Defined?
The high-precision GNSS receiver market covered in this report is segmented -
1) By Product: Core Satellite Navigation Systems, Regional Satellite Navigation Systems, Satellite - Based Augmentation Systems (SABS)
2) By Component: Devices, Services
3) By Application: Survey And Mapping, Astronomy, Military And Defense, Agriculture, Other Applications
Subsegments:
1) By Core Satellite Navigation Systems: GPS (Global Positioning System), GLONASS (Global Navigation Satellite System), Galileo, BeiDou
2) By Regional Satellite Navigation Systems: WAAS (Wide Area Augmentation System), EGNOS (European Geostationary Navigation Overlay Service), MSAS (Multi-functional Satellite Augmentation System), GAGAN (GPS Aided Geo Augmented Navigation)
3) By Satellite-Based Augmentation Systems (SBAS): Local Area Augmentation Systems (LAAS), Differential GPS (DGPS), Ground-Based Augmentation Systems (GBAS)
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What Is the Leading Region in the High-Precision GNSS Receiver Market?
Asia-Pacific was the largest region in the high-precision GNSS receiver market in 2024. The regions covered in the high-precision gnss receiver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The High-Precision GNSS Receiver Global Market Report?
- Market Size Analysis: Analyze the High-Precision GNSS Receiver Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the High-Precision GNSS Receiver Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall High-Precision GNSS Receiver Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the High-Precision GNSS Receiver Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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