HOME › Press Releases › GPS Receiver Market for Mid/High Level RTK Precision worth $3.09 Billion by 2020
GPS Receiver Market for Mid/High Level RTK Precision worth $3.09 Billion by 2020
According to a new market research report "GPS Receiver Market for Mid/High Level RTK Precision by Type (Differential Grade and Survey Grade), Application (Precision Farming, Mining, Construction, Oil & Gas) and Geography - Global Forecast to 2020", the GPS receiver market for mid and high Level RTK precision is expected to reach $3.09 Billion by 2020, growing at a CAGR of 16.36% between 2015 and 2020.
Browse 84 market data tables and 50 figures spread through 148 pages and in-depth TOC on “GPS Receiver Market for Mid/High Level RTK Precision - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
Centimeter-level high precision GPS positioning systems, based on networked Real Time Kinematics GPS (RTK-GPS) are being commercially operated across the world. A recently devised method at sub meter or decimeter accuracy, which is more convenient and utilizes a low cost and compact code-ranging GPS receiver is being used to achieve better precision and accuracy in GPS products. Both of these methods significantly reduce the time and cost to produce precise satellite imagery based on Ground Control Point (GCP), as well as to update maps in a geo-centric coordinate wherein it is necessary to use satellite imagery with GPS. This report particularly focuses on the mid and high level precision GPS receiver market. The report categorizes the global mid and high level precision GPS receiver market on the basis of type, application sectors, and geography as well as forecasts the market size and analyzes the trends in the said market.
One of the objectives of the report was to analyze the market trends for all the segments of the mid and high level precision GPS receiver market along with, forecasting their respective growth rates. Apart from market segmentation, the report also provides an in-depth analysis such as the Porters’ Five Forces analysis, in addition to illustrating the supply chain with a detailed process flow diagram, and market dynamics Market dynamics includes drivers, restraints, and opportunities for the medium and high level precision GPS receiver market; analyzing and listing the several factors that positively and negatively affect each section of the market considered in this research study. The impact of the major factors on the global market for mid and high level precision GPS has also been provided under drivers, restraints, and opportunities.
The mid and high level precision GPS market has been segmented based on geography into four regions, namely – North America, Europe, APAC, and Rest of the World (RoW). The report also estimates the market-size of the said regions. North America is estimated to account for the major share of the mid and high level precision GPS market, followed by Europe and APAC. Moreover, the RoW market for mid and high level precision GPS market is expected to grow at a high rate.
Some of the key players in this market include Hemisphere GNSS, Inc. (U.S.), eRide, Inc. (U.S.), NavCom Technology, Inc. (U.S.), NovAtel Inc. (Canada), Trimble Navigation Ltd. (U.S.), CHC Technology Co., Ltd. (China), Altus Positioning Systems (U.S.), Javad GNSS, Inc. (U.S.), Beijing UniStrong Science & Technology Co., Ltd. (China), Topcon Positioning Systems Inc. (U.S.), Leica Geosystems, Inc. (U.S.), and Septentrio Satellite Navigation NV (Belgium).
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252