HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: SE 3284

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The global mid- and high-level precision GPS market is expected to be worth USD 3.09 Billion by 2022, at a CAGR of 16.36% between 2015 and 2020.

The years considered for the study are as follows:

  • Base Year: 2014
  • Estimated Year: 2015
  • Projected Year: 2020
  • Forecast Period: 2015 to 2020

The major objectives of the study are as follows:

  • To define, describe, and forecast the mid- and high-level precision GPS market segmented on the basis of type, application, and geography
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues)
  • To strategically analyze the micromarkets with respect to the individual growth trends, prospects, and contribution to the total market
  • To forecast the market size with respect to the main geographic regions, namely North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their market shares/rankings and core competencies
  • To analyze competitive developments such as agreements, partnerships, expansions, acquisitions, new product launches/developments, and research and developments in the mid- and high-level precision GPS market

During this research study, major players in the global mid- and high-level precision GPS market ecosystem in various regions have been identified and their offerings, regional presence, and distribution channels have been understood through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used to estimate the sizes of other individual markets by using percentage splits from secondary sources such as Hoovers, Bloomberg Business, Factiva, and OneSource and primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview of industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region conducted during the research study.

Mid and High Level Precision GPS Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of mid- and high-level precision GPS market comprises a network of raw material suppliers, original equipment dealers, independent suppliers, and distributors, among others. The key companies in the mid- and high-level precision GPS market are Trimble Navigation Ltd. (U.S.), Hexagon AB (Sweden), Hemisphere GNSS, Inc. (U.S.), Javed GNSS Inc. (U.S.), and Topcon Positioning Systems Inc., a subsidiary of Topcon Corporation (Japan). The prominent companies in the markets include well-established, financially stable, and technically expertise players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks through collaborations and acquisitions.

Target Audience:

  • GPS product manufacturers
  • Retailers and distributors of GPS products
  • Software and application providers for GPS products
  • Original equipment manufacturers (OEMs)
  • Technology standards organizations, forums, alliances, and associations
  • Governments, financial institutions, and investment communities
  • Analysts and strategic business planners
  • Research organizations
  • Technology investors

Report Scope:

By Type:

  • Differential Grade
  • Survey Grade

By Application:

  • Precision Farming (Agriculture)
  • Mining
  • Construction
  • Oil and Gas
  • Others

Geography:

  • APAC
  • North America
  • Europe
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the clientís specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further analysis of the mid- and high-level precision GPS market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered For the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Rapidly Growing Precision Farming Market
                    2.2.2.2 Increasing Use of GPS For Asset Tracking
                    2.2.2.3 Applications in Unmanned Aerial Vehicles (UAVS)
                    2.2.2.4 Rapid Growth of Machine Automation Equipment Market
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Industry Consolidation
                    2.2.3.2 Technological Developments in Satellite Systems
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary  (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in Mid and High Level Precision GPS Market
    4.2 APAC is a Lucrative Market
    4.3 Emerging Markets Are the Key Growth Regions

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Geography
    5.3 Market Evolution
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Ongoing Developments to Improve the Overall GPS Infrastructure
                    5.4.1.2 Technological Advancements and GPS Augmentation
                    5.4.1.3 Availability of More Cost-Effective GPS Solutions
           5.4.2 Restraints
                    5.4.2.1 Slow Market Acceptance For New Technologies
                    5.4.2.2 Heavy Reliance on the Availability of Satellites
           5.4.3 Opportunities
                    5.4.3.1 Commercial Use of Unmanned Aerial Vehicles (UAVS)
           5.4.4 Challenges
                    5.4.4.1 Interfacing of GPS Signals With Light Squared Signals
           5.4.5 Winning Imperative
                    5.4.5.1 Positioning Products Capitalizing on New Satellite Systems

6 Industry Analysis (Page No. - 44)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Industry Trends
    6.4 Porterís Five Forces Analysis
           6.4.1 Bargaining Power of Suppliers
           6.4.2 Bargaining Power of Buyers
           6.4.3 Threat of New Entrants
           6.4.4 Threat of Substitutes
           6.4.5 Degree of Competition

7 Mid and High Level Precision GPS Market, By Type (Page No. - 53)
    7.1 Introduction
    7.2 Differential Grade
    7.3 Survey Grade

8 Mid and High Level Precision GPS Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Precision Farming (Agriculture)
    8.3 Mining
    8.4 Construction
    8.5 Oil and Gas
    8.6 Others

9 Regional Analysis (Page No. - 66)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Others
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 Australia
           9.4.4 Others
    9.5 RoW
           9.5.1 South America
           9.5.2 Middle East
           9.5.3 Others

10 Competitive Landscape (Page No. - 103)
     10.1 Overview
     10.2 Market Share Ranking Analysis For the Mid and High Level Precision GPS Market, 2014
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launches
             10.3.2 Agreements, Partnerships, and Expanssions
             10.3.3 Acquisitions


11 Company Profiles (Page No. - 109)
(Overview, Products and Services, Financials, Strategy & Development)*
     11.1 Introduction
     11.2 Geneq Inc.
     11.3 Hemisphere Gnss, Inc.
     11.4 Hexagon AB
     11.5 Javad Gnss, Inc.
     11.6 Leica Geosystems AG
     11.7 Navcom Technology, Inc.
     11.8 Septentrio Satellite Navigation NV
     11.9 Sokkia Topcon Co., Ltd.
     11.10 Spectra Precision Inc.
     11.11 Topcon Positioning Systems Inc.
     11.12 Trimble Navigation Ltd.
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 141)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing  RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (84 Tables)

Table 1 Improvement in the GPS Infrastructure is Expected to Drive the Precision GPS Market
Table 2 Delay of Market Acceptance For New Technologies is the Major Restraining Factor For the Precision GPS Market
Table 3 Emergence of UAVS is a Big Opportunity For the GPS Market
Table 4 Interfacing of GPS Signals With Light Squared Signals is a Major Challenge For GPS Functioning
Table 5 Major Companies Are Offering Positioning Products That Are Compatible With All the Satellite Systems
Table 6 Market, By Type, 2013 - 2020 ($Million)
Table 7 Market, By Type, 2013 - 2020 (Units)
Table 8 Differential Grade: Mid and High Level Precision GPS Market, By Application, 2013 - 2020 ($Million)
Table 9 Differential Grade: Market, By Application, 2013 Ė 2020 (Units)
Table 10 Survey Grade: Market, By Application,  2013 - 2020 ($Million)
Table 11 Survey Grade: Market, By Application,  2013 - 2020 (Units)
Table 12 Market, By Application, 2013 - 2020 ($Million)
Table 13 Market, By Application, 2013 - 2020 (Units)
Table 14 Precision Farming: Market, By Type,  2013 - 2020 ($Million)
Table 15 Precision Farming: Market, By Type,  2013 - 2020 (Units)
Table 16 Mining: Mid and High Level Precision GPS Market, By Type, 2013 - 2020 ($Million)
Table 17 Mining: Market, By Type, 2013 - 2020 (Units)
Table 18 Construction: Market, By Type, 2013 - 2020 ($Million)
Table 19 Construction: Market, By Type, 2013 - 2020 (Units)
Table 20 Oil & Gas: Market, By Type, 2013 - 2020 ($Million)
Table 21 Oil & Gas: Market, By Type, 2013 - 2020 (Units)
Table 22 Others: Mid and High Level Precision GPS Market, By Type, 2013 - 2020 ($Million)
Table 23 Others: Market, By Type, 2013 - 2020 (Units)
Table 24 Market Size, By Geography, 2013 - 2020 ($Million)
Table 25 Differential Grade: Mid and High Level Precision GPS Market Size, By Geography, 2014 Ė 2020 ($Million)
Table 26 Survey Grade: Market, By Geography,  2013 - 2020 ($Million)
Table 27 Precision Farming: Differential Grade Precision GPS Market Size, By Geography, 2013 - 2020 ($Million)
Table 28 Precision Farming: Survey Grade Precision GPS Market, By Geography,  2013 - 2020 ($Million)
Table 29 Mining: Differential Grade Precision GPS Market Size, By Geography,  2013 - 2020 ($Million)
Table 30 Mining: Survey Grade Precision GPS Market, By Geography, 2013 - 2020 ($Million)
Table 31 Construction: Differential Grade Precision GPS Market Size, By Geography, 2013 - 2020 ($Million)
Table 32 Construction: Survey Grade Precision GPS Market, By Geography, 2013 - 2020 ($Million)
Table 33 Oil & Gas: Differential Grade Precision GPS Market Size, By Geography,  2013 - 2020 ($Million)
Table 34 Oil & Gas: Survey Grade Precision GPS Market, By Geography, 2013 - 2020 ($Million)
Table 35 Others: Differential Grade Precision GPS Market Size, By Geography,  2013 - 2020 ($Million)
Table 36 Others: Survey Grade Precision GPS Market, By Geography, 2013 - 2020 ($Million)
Table 37 North America: Mid and High Level Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 38 North America: Precision Farming Differential Grade Precision GPS Market Size, By Country, 2013 - 2020 ($Million)
Table 39 North America: Precision Farming Survey Grade Precision GPS Market,  By Country, 2013 - 2020 ($Million)
Table 40 North America: Mining Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 41 North America: Mining Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 42 North America: Construction Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 43 North America: Construction Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 44 North America: Oil & Gas Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 45 North America: Oil & Gas Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 46 North America: Others Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 47 North America: Others Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 48 Europe: Mid and High Level Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 49 Europe: Precision Farming Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 50 Europe: Precision Farming Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 51 Europe: Mining Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 52 Europe: Mining Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 53 Europe: Construction Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 54 Europe: Construction Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 55 Europe: Oil & Gas Differential Grade Precision GPS Market Size, By Country, 2013 - 2020 ($Million)
Table 56 Europe: Oil & Gas Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 57 Europe: Others Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 58 Europe: Others Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 59 APAC: Market, By Country, 2013 - 2020 ($Million)
Table 60 APAC: Precision Farming Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 61 APAC: Precision Farming Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 62 APAC: Mining Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 63 APAC: Mining Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 64 APAC: Construction Differential Grade Precision GPS Market Size, By Country, 2013 - 2020 ($Million)
Table 65 APAC: Construction Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 66 APAC: Oil & Gas Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 67 APAC: Oil & Gas Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 68 APAC: Others Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 69 APAC: Others Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 70 RoW: Market, By Country, 2013 - 2020 ($Million)
Table 71 RoW: Precision Farming Differential Grade Precision GPS Market Size,  By Country, 2013 - 2020 ($Million)
Table 72 RoW: Precision Farming Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 73 RoW: Mining Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 74 RoW: Mining Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 75 RoW: Construction Differential Grade Precision GPS Market Size, By Country, 2013 - 2020 ($Million)
Table 76 RoW: Construction Survey Grade Precision GPS Market, By Country,  2013 - 2020 ($Million)
Table 77 RoW: Oil & Gas Differential Grade Precision GPS Market Size, By Country,  2013 - 2020 ($Million)
Table 78 RoW: Oil & Gas Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 79 RoW: Others Differential Grade Precision GPS Market Size, By Country, 2013 - 2020 ($Million)
Table 80 RoW: Others Survey Grade Precision GPS Market, By Country, 2013 - 2020 ($Million)
Table 81 Market Share Ranking, By Key Player, 2014
Table 82 New Product Launches, 2015
Table 83 Agreements, Partnerships, and Expanssions, 2014-2015
Table 84 Acquisitions, 2012-2014


List of Figures (50 Figures)

Figure 1 Global Market, By Type
Figure 2 Market: Research Methodology
Figure 3 Global Precision Farming Market Size, 2013 - 2020, ($ Billion)
Figure 4 Global Commercial Drone Market Size, 2013 - 2020, ($ Million)
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 12 Differential Grade: Market, By Application, 2013 - 2020 ($ Million)
Figure 14 Global Market Value, 2013 - 2020 ($Billion)
Figure 15 Survey Grade GPS Market to Grow at the Fastest Rate Owing to the Increasing Adoption in Various Applications
Figure 16 Emerging Markets Such as China, Mexico, and Middle East Are Some of the Key Growth Regions
Figure 17 Market: By Type
Figure 18 Market: By Application
Figure 19 Market: By Geography
Figure 20 Evolution of GPS
Figure 21 Improvement in GPS Infrastructure is Expected to Drive the Precision GPS Market
Figure 22 Number of Navigation Satellites Launched as of December 2014
Figure 23 The Prominent Companies in the Market Comprise the Services Providers
Figure 24 GPS Augmentation is Gaining Popularity Due to Its Higher Accuracy
Figure 25 Porterís Five Forces Analysis (2014): Market
Figure 26 Porterís Five Forces Analysis For the Market, 2014
Figure 27 Bargaining Power of Suppliers in the Market is Moderate
Figure 28 Acceptance and Adoption of New Products is Slow in the Precision GPS Market
Figure 29 New Players Are Reluctant to Enter the Precision GPS Market Due to Strict Government Regulations
Figure 30 Availability of Only a Few Reliable Substitutes For GPS Technology in the Market
Figure 31 Market Competition is Limited to a Few Prominent Companies
Figure 32 Market, By Type
Figure 33 Market, By Application
Figure 34 Uses of GPS in Construction
Figure 35 Geographic Snapshot: Mid- and High-Level Precision GPS Market
Figure 36 North American Market Snapshot
Figure 37 European Market Snapshot
Figure 38 APAC Market Snapshot
Figure 39 RoW Market Snapshot
Figure 40 Companies Have Adopted Product Innovations as the Key Growth Strategy Over the Last Three Years (2012-2014)
Figure 41 Battle For Market Shares: New Product Launches Have Been the Key Strategy (2011-2014)
Figure 42 Geographic Mix of Market Players
Figure 43 Hemisphere Gnss Inc.: SWOT Analysis
Figure 44 Hexagon AB : Company Snapshot
Figure 45 Hexagon AB : SWOT Analysis
Figure 46 Septentrio Satellite Navigation NV.: SWOT Analysis
Figure 47 Topcon Positioning Systems Inc. : Company Snapshot
Figure 48 Topcon Positioning Systems Inc.: SWOT Analysis
Figure 49 Trimble Navigation Ltd. : Company Snapshot
Figure 50 Trimble Navigation Ltd.: SWOT Analysis

The global mid- and high-level precision GPS market is expected to be valued at to USD 3.09 Billion by 2022, growing at a CAGR of 16.36% between 2015 and 2020. Some of the key factors driving this market are the ongoing developments to improve the overall GPS infrastructure, availability of more cost-effective GPS solutions, and technological advancements in GPS augmentation.

The differential grade type held the largest market share in 2013. The differential grade GPS devices provide sufficient accuracy and are cheaper than survey grade devices. Moreover, the differential grade GPS device incorporates higher quality antennas and differential correction technology that enormously enhances the accuracy of the location.

The mid- and high-level precision GPS market for the mining application is expected to grow at the highest rate during the forecast period. The adoption of GPS technology for mining applications has begun in most of the developing countries. Mining is regarded as a risky, highly unsafe, and accident-prone industry. At the same time, search and rescue teams started using GPS position information to create maps of the disaster areas for rescue and aid operations as well as to help assess damage.

In terms of geographic regions, North America acquired largest mid- and high-level precision GPS market in 2015 owing to high demand in precision farming for yield monitoring, auto steering and field mapping applications. Another factor for the large market in North America is the deliberate endeavors of the U.S. government agencies to undertake projects intended to enhance and provide navigation systems that are delivering the direction of the route reliably.

Mid and High Level Precision GPS Market

Slow market acceptance for new technologies and heavy reliance on the availability of satellites are the major restraining factors for this market.

Trimble Navigation Ltd. (U.S.) is one of the leading companies in the mid- and high-level precision GPS market, followed by Hexagon AB (Sweden) providing various positioning services and geosystem solutions for different applications such as farming and mining. Companies are strengthening their product portfolio and developing innovative solutions to attain profitable growth. The key companies are catering to various industries such as government agencies, mapping companies, construction, and security and defense.

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