High-Precision GNSS Receiver Market Poised to Hit $2.09 Billion by 2029 with Accelerating Growth Trends

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High-Precision GNSS Receiver Market Size Growth Forecast: What to Expect by 2025?
The market size for high-precision GNSS receivers has seen significant expansion in the recent past. Projected values indicate an increase from $1.42 billion in 2024 to $1.55 billion in 2025, a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the historical period include a surge in demand within the robotics sector, requirements in urban planning, applications in scientific research, increased demand from the construction industry, and an increased utilization for surveying and mapping procedures.

How Will the High-Precision GNSS Receiver Market Size Evolve and Grow by 2029?
Anticipated to expand robustly in the coming years, the size of the high-precision GNSS receiver market is projected to reach $2.09 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%. The forecasted growth during this period is likely due to an increasing demand for autonomous vehicles, higher usage in marine navigation, the growing need for environmental monitoring solutions, the demand for satellite-based positioning services, as well as regulatory support and integration. Key trends predicted for this period encompass the rise of autonomous vehicles and drones, the expansion of precision agriculture, improvements in real-time kinematic (RTK) technology, increased demand for intelligent infrastructure, and synergy with 5G networks.

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What Drivers Are Propelling the Growth of High-Precision GNSS Receiver Market Forward?
The expansion of the mining sector is anticipated to drive the high-precision GNSS receiver market's growth. This sector involves endeavors linked to the search, extraction, processing, and transportation of valuable metals, minerals, and other geological substances extracted from the surface of our planet. There's a shift towards renewable sources of power such as wind turbines, solar panels, and electric cars that require substantial quantities of metals and minerals. High-precision GNSS receivers are utilized in the mining sector for enhancing safety, productivity, and operational effectiveness by offering precise location and geospatial information for a range of applications and improved decision-making process. For example, a United States Geological Survey report released in February 2023 revealed that in 2022, US mines produced approximately $98.2 billion in nonfuel mineral commodities, an increase of $3.6 billion (3.8%) over the predicted total of $94.6 billion for 2021. Consequently, the burgeoning mining sector is fueling the growth of the high-precision global navigation satellite systems receiver market.

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Which Emerging Trends Are Transforming the High-Precision GNSS Receiver Market in 2025?
Key enterprises in the high-precision GNSS receiver market are concentrating on creating novel technological breakthroughs, such as dead reckoning (DR) operations, to guarantee dependable positioning precision, fortify signal resilience, and facilitate navigation in adverse scenarios. DR determines location shifts by using previous location information and motion detectors, securing accurate tracking when GNSS signals are scarce. For example, Quectel Wireless Solutions Co. Ltd., an IoT solutions company from China, introduced the QLM29H series GNSS receiver in September 2024. The series merges high-precision location capabilities with easy integration. The dual-band QLM29H, with an inbuilt antenna, supports L1 and L5 signals and is compatible with various GNSS constellations like GPS, GLONASS, Galileo and more. Fitted with filters that enhance sensitivity, it smoothly incorporates with legacy systems and functions reliably in temperatures ranging from -40°C to +85°C, making it well-suited for applications in fields such as agriculture and micromobility.

What Are the Key Segments in the High-Precision GNSS Receiver Market?
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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Who Are the Key Players Shaping the High-Precision GNSS Receiver Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.

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