The global mid-and high-level precision GPS receiver market size is expected to grow from USD 2.7 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.6%. Ongoing developments to improve overall GPS infrastructure, increasing adoption of GPS receivers in construction industry, rising technological advancements and GPS augmentation systems, and growing availability of more cost-effective GPS solutions are the key factors driving the growth of the mid-and high-level precision GPS receiver market.
Key players operating in the mid-and high-level precision GPS receiver market include major players operating in different stages in the entire value chain of GPS receiver; these players are Trimble Navigation Ltd. (US), Topcon Positioning Systems, Inc. (US), Hexagon AB (Sweden), and Javad GNSS, Inc. (US). Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerhsip and expansions, to increase their revenue.
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Top 3 Players in Mid-and high-level Precision GPS Receiver Market:
Trimble Navigation Ltd. ranked first in the mid-and high-level precision GPS receiver market in 2020. Trimble, Inc., a Delaware Corporation, is one of the leading providers of technology solutions that allows field mobile workers and professionals to enhance or transmits their work processes. The company operates through four business segments, namely Building and Infrastructure, Geospatial, Resources and Utilities, and Transportation. Under the Geospatial Segment, the company provides products on surveying and geospatial, and geographic information system (GIS). In 2019, the company has released a new GNSS receiver under the geographic information system, the launch of high-performance field computer and 3D laser scanning system for GIS and mapping portfolio. The company provides wide range of solutions under various categories such as agriculture, construction, geospatial survey, mapping & GIS, transportation, utilities, aggregates, alignment, environmental, field service management, forensics, local government, marine, mining, mobile computing, positioning services, integrated technologies OEM GNSS, real-time networks, time & frequency, and waste industry.
Hexagon AB is a global market leader in software, sensor, and automation solutions. The company operates through two business segments, namely Geospatial Enterprise Solutions and Industrial Enterprise Solutions. Under the Geospatial Enterprise Solutions, the company offers laser scanners, airborne cameras, mobile mapping technologies, precise positioning, monitoring equipment, and unmanned aerial vehicles. This business segment serves various applications such as surveying, infrastructure & construction, agriculture, aerospace & defense, and natural resources. It also provides solutions for public safety. In 2007, Hexagon AB has acquired NovAtel Inc., one of the leading GNSS provider. The acquisition has provided Hexagon to accelerate the growth of new markets and applications within the GNSS sector. The Hexagon | NovAtel offers a wide range of OEM GNSS positioning products such as receivers, SPAN GNSS inertial navigation systems, SMART antennas, GNSS & GPS antennas, GPS & GNSS correction services, and GAJT antennas. Besides, Leica Geosystem AG was acquired by Hexagon AB in August 2006. The company operates under the Geosystem Division of Hexagon AB. The products offered by Leica Geosystem include total station, GNSS system, GNSS reference network, laser scanner, laser tracker system, airborne system, UAV system, and others. Under the GNSS system, the company provides receivers, smart antennas, controllers, system, software, and accessories.
Topcon Positioning Systems, Inc. (Topcon) is a global market leader in precision measurement system. The company provides wide range of products under categories such as excavating and mass hauling, rough and fine grading; paving, milling and compaction; GNSS & network solutions, total station solutions, vertical construction, MAGNET software suite, aerial mapping & mass data collection, field controllers, software solutions, laser levels & theodolites; enterprise services and subscriptions, OEM components & technology, consoles & displays for Ag, GNSS receivers for agriculture, crop sensing, agricultural machine control, ag connectivity and data management; and water conservation. It comprises various primary brands such as RDS Technologies, Topcon, Digi-Star, Sokkia, NORAC, and Wachendorff Elektronik. The company also provides solutions by industry such as geopositioning, construction, precision agriculture, mapping, vertical construction solutions, monitoring, forestry, mining, utilities, OEM, forensics, and education. Under the Positioning Company, Topcon Corporation offers GNSS, machine control system, and precision agriculture. Topcon Group has also acquired Sokkia Topcon Co., Ltd. in 2008. The products offered by Sokkia include GNSS, total station, 3D scanner, machine control, data collector, lasers, and others.
Mid-and High-Level Precision GPS Receiver Market with COVID-19 Impact, by Type (Differential Grade, Survey Grade), Industry (Agriculture, Mining, Construction, Oil & Gas) and Geography - Global Forecast to 2026
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