High-Precision GNSS Receiver Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The High-Precision GNSS Receiver Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current High-Precision GNSS Receiver Market Size and Its Estimated Growth Rate?
There has been significant growth in recent years in the market size for high-precision GNSS receivers. This market is predicted to expand from $1.42 billion in 2024 to $1.55 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.5%. The increase during the historic period can be credited to factors such as the escalated demand in robotics, more utilization for urban planning purposes, application in scientific research, demand from the construction industry, and its rising usage in surveying and mapping activities.

It is forecasted there will be robust expansion in the market size of the high-precision GNSS receiver, set to reach over $2.09 billion in 2029 outpacing at a compound annual growth rate (CAGR) of 7.8%. Influencing factors for growth in the projected period include a surge in the demand for self-driving vehicles, increase in marine navigational needs, augmented requirement for environmental observation systems, an upswing in the need for satellite-backed positioning facilities, and policy reinforcement coupled with integration. Key market trends within the projected timeframe involve growth in self-driving vehicles and drones, development in precision farming, improvements in real-time kinematic (RTK) technology, a rising demand for smart infrastructure, and assimilation with 5G technology.

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How Are Emerging Segments Shaping the High-Precision GNSS Receiver Market Landscape?
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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Which Growth Factors Are Influencing High-Precision GNSS Receiver Market Expansion?
The anticipated growth of the high-precision GNSS receiver market is backed by the expanding mining industry. This industry involves processes such as exploring, extracting, processing, and transporting precious minerals, metals, and other geological materials from the earth's surface. The transition towards renewable energy resources like solar panels, wind turbines, and electric vehicles intensively uses these minerals and metals. To improve safety, productivity, and operational efficiency, the mining sector employs high-precision GNSS receivers. These devices offer accurate positioning and geospatial data for various applications and facilitate improved decision-making. For instance, a February 2023 report by the United States Geological Survey, a U.S. government agency, found that US mines produced nearly $98.2 billion in nonfuel mineral commodities in 2022, up by $3.6 billion (3.8%) from the anticipated total of $94.6 billion in 2021. Hence, the expansion of the mining industry is propelling the growth of the high-precision global navigation satellite system receiver market.

Who Are the Dominant Players Across Different High-Precision GNSS Receiver Market Segments?
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.

What High-Precision GNSS Receiver Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the high-precision GNSS receiver market are putting their focus on crafting novel technological improvements, including dead reckoning (DR) functions. These advancements aim to bolster positioning accuracy, boost signal resilience, and facilitate navigation in harsh conditions. DR, which determines position changes using historical location data and motion sensors, ensures precise tracking in situations where GNSS signals might be restricted. A key example of this came in September 2024, when Quectel Wireless Solutions Co. Ltd., an IoT solutions provider based in China, rolled out its QLM29H series GNSS receiver. This series melds high-accuracy location capabilities with simplified integration. The dual-band QLM29H, equipped with an inbuilt antenna, is compatible with both L1 and L5 signals and supports an array of GNSS constellations (like GPS, GLONASS, Galileo, etc.). Enhanced with filters that improve sensitivity, this receiver integrates effortlessly with existing systems and functions efficiently in temperature ranges from -40°C to +85°C. This makes it well-suited for use in fields such as agriculture and micromobility.

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Which Geographic Regions Are Expected to Dominate the High-Precision GNSS Receiver Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the High-Precision GNSS Receiver Market?
2. What is the CAGR expected in the High-Precision GNSS Receiver Market?
3. What Are the Key Innovations Transforming the High-Precision GNSS Receiver Industry?
4. Which Region Is Leading the High-Precision GNSS Receiver Market?

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