2025-2034 Mid-and High-Level Precision GPS Receiver Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Mid-and High-Level Precision GPS Receiver Market Through 2025?
The market for mid-and high-level precision GPS receivers has seen swift expansion in recent years. The market size is expected to expand from $3.51 billion in 2024 to $3.89 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 11.0%. The past growth in this sector can be credited to factors such as environmental surveillance, advancements in space exploration, military usage, civilian navigation, surveying and mapping activities, as well as precision farming.

What's the Projected Size of the Global Mid-and High-Level Precision GPS Receiver Market by 2029?
The market for mid-to-high-level precision GPS receivers is predicted to experience swift expansion in the coming years, with its value projected to reach $6.21 billion in 2029, growing at a compound annual rate (CAGR) of 12.4%. This growth in the predicted period can be linked to the development of smart cities and infrastructure, incorporation of telecommunications, the adoption of the internet of things technology, and the increasing presence of autonomous vehicles. The forecast period will see key trends such as innovation in technology, advancements in real-time kinematics technology, the incorporation of machine learning, and the integration of artificial intelligence.

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Top Growth Drivers in the Mid-and High-Level Precision GPS Receiver Industry: What's Accelerating the Market?
The anticipated growth of the mid- and high-level precision GPS receiver market is believed to be fuelled by the surge in the construction sector. This particular industry, which focuses on constructing, fixing, remodeling, and sustaining infrastructures, involves the erectio*n of buildings, execution of engineering schemes, creation of roadways, development of utility systems, and establishment of other unique centres. Deployment of GPS technology in monitoring equipment used in large construction plans such as civil construction locations and massive initiatives has spiked the demand for GPS gadgets within the construction field. For example, data from the United States Census Bureau, a federal statistical system organization of the US, revealed in June 2023 that the overall construction expenses in April 2023 was projected to reach $1,908.4 billion, a growth of 7.2% or $1,780.9 billion from April 2022. Additionally, in January 2023, construction of 1,406,000 new residential units was reported, marking a 12.8% rise from those constructed in January 2022. Hence, the booming construction sector is contributing to the escalation of the mid- and high-level GPS receiver market.

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What Trends Will Shape the Mid-and High-Level Precision GPS Receiver Market Through 2029 and Beyond?
The explosion of product innovations is an increasingly crucial trend in the market for mid- to high-level precision GPS receivers. Major companies in this market are continuously coming up with new products to maintain their market dominance. For example, in December 2022, ComNav Technology Ltd., a firm based in China that manufactures GNSS (Global Navigation Satellite System) OEM boards and receivers for high-precision positioning, introduced the Universe Serie GNSS Receiver. This groundbreaking and inventive laser GNSS receiver provides a survey without a rod. It incorporates a millimeter-level laser distance meter into Venus, which can be utilized in laser mode to substitute the range pole, thus extending GNSS surveying possibilities beyond the standard. Notably, it can execute tasks with 10 cm measurement standards, even under minor operational differences like moderate shaking. The non-contact survey could potentially broaden the functional area, enhance productivity, and ensure the safety of the typical GNSS receiver.

What Are the Main Segments in the Mid-and High-Level Precision GPS Receiver Market?
The mid-and high-level precision GPS receiver market covered in this report is segmented -

1) By Type: Differential Grade, Survey Grade
2) By Frequency Type: Single Frequency, Dual Frequency
3) By Industry: Agriculture, Mining, Construction, Oil And Gas, Other Industries

Subsegments:
1) By Differential Grade: Real-Time Kinematic (RTK) GPS, Post-Processed Kinematic (PPK) GPS
2) By Survey Grade: Static GPS, Networked GPS

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Which Top Companies are Driving Growth in the Mid-and High-Level Precision GPS Receiver Market?
Major companies operating in the mid-and high-level precision GPS receiver market include Stonex Group Inc., CNH Industrial N.V., Raytheon Technologies Corporation, Hexagon AB, Garmin Ltd., Trimble Inc., MiTAC Holdings Corp., Topcon Positioning Systems Inc., u-blox AG, Hi-Target Surveying Instrument Co. Ltd., Raven Industries Inc., CHC Navigation Technology Ltd., AG Leader Technology Inc., Carlson Systems Holdings Inc., Septentrio N.V., Hemisphere GNSS Inc., NVS Technologies Inc., Javad GNSS Inc., Unicore Communications Inc., Swift Navigation Inc., Thales Group, Syntony SAS, SkyTraq Technology Inc., Geneq Inc., South Surveying & Mapping Technology Co. Ltd., Tersus GNSS Inc., Eos Positioning Systems Inc., NavtechGPS Inc., Satlab Geosolutions AB, Tallysman Wireless Inc.

Which Regions Will Dominate the Mid-and High-Level Precision GPS Receiver Market Through 2029?
Asia-Pacific was the largest region in the mid- and high-level precision GPS receiver market in 2024. The regions covered in the mid-and high-level precision GPS receiver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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