Construction Industry Surge Fuels Expansion Of Mid- And High-Level Precision GPS Receiver Market: A Key Catalyst Accelerating Global Mid-and High-Level Precision GPS Receiver Market Growth in 2025

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Mid-and High-Level Precision GPS Receiver Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of mid-and high-level precision GPS receivers has witnessed significant growth lately. The market value is poised to increase from $3.51 billion in 2024 to $3.86 billion in 2025 with compound annual growth rate (CAGR) of 10.1%. This growth during the historic period is due to factors such as environmental monitoring, advancements in space exploration, military uses, civilian navigation, surveying and mapping, and precision agriculture.

Mid-and High-Level Precision GPS Receiver Market Size Forecast: What's the Projected Valuation by 2029?
The market for mid-to-high precision GPS receivers is forecasted to undergo speedy expansion in the upcoming years, set to escalate to $6.1 billion by 2029 with an annual compound growth rate of 12.1%. This forthcoming growth can be attributed to the development of smart city and infrastructure initiatives, the incorporation of telecommunications, the rise in the adoption of the Internet of Things, and the increasing number of autonomous vehicles. Key trends predicted for this period encompass breakthroughs in technology, advances in real-time kinematics technology, the inclusion of machine learning, and integration of Artificial Intelligence.

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What Are the Drivers Transforming the Mid-and High-Level Precision GPS Receiver Market?
The mid- and high-level precision GPS receiver market's expansion is projected to be fuelled by the growth in the construction industry. The construction industry encompasses the science and commerce involved in the creation, repair, renovation, and upkeep of structures. This includes construction of buildings, infrastructure projects, roads, utility systems and other tailored facilities. With large-scale construction activities such as civil sites and vast projects employing GPS technology for equipment tracking, demand for GPS devices has escalated within this sector. For instance, a, U.S. Census Bureau study from June 2023 forecasts overall construction expenditure to hit $1,908.4 billion in April 2023, a 7.2% climb from $1,780.9 billion in April 2022. Moreover, there were 1,406,000 new residences built in January 2023, marking a 12.8% growth from January 2022. Thus, the construction industry's increase is aiding in the expansion of the mid- and high-level precision GPS receiver market.

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What Long-Term Trends Will Define the Future of the Mid-and High-Level Precision GPS Receiver Market?
One key trend gathering momentum in the mid to high-level precision GPS receiver market is product innovation. To maintain their market dominance, key players in this sector are launching novel products. For example, in December 2022, China-based ComNav Technology Ltd., a producer of GNSS (Global Navigation Satellite System) OEM boards and high-precision positioning receivers, introduced its Universe Serie GNSS Receiver. This groundbreaking laser GNSS receiver provides a survey without the need for a rod. The equipment features a millimeter-level laser distance meter integrated into Venus that can replace the range pole in laser mode, thereby pushing the boundaries of typical GNSS surveying. This system can meet the 10 cm measurement standard even under minimally varying operational situations, such as slight shaking. This touch-free surveying method could potentially broaden the field of operation, increase productivity, and ensure the safety of traditional GNSS receiver.

Which Segments in the Mid-and High-Level Precision GPS Receiver Market Offer the Most Profit Potential?
The mid-and high-level precision gps receivermarket 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 Firms Dominate the Mid-and High-Level Precision GPS Receiver Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Mid-and High-Level Precision GPS Receiver Market?
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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