The global mid and high-level precision GPS receiver market will grow from USD 3.4 billion in 2024 to USD 5.2 billion in 2029 at a CAGR of 8.8% during the forecast period. Growing adoption of precision agriculture and increasing investments in urban developments are the major driving factors for the growth of the mid and high-level precision GPS receiver market.
Major Mid and High-Level Precision GPS Receiver Companies Include:
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Trimble Inc. (US)
Trimble, Inc., stands as a prominent provider of technology solutions enabling field mobile workers and professionals to optimize and revolutionize their work processes. The company is organized into four key business segments: Building and Infrastructure, Geospatial, Resources and Utilities, and Transportation. Within the Geospatial segment, Trimble offers products tailored for surveying, geospatial analysis, and Geographic Information Systems (GIS). The company has been using strategies such as product launches to gain a competitive advantage in the mid and high-level precision GPS receiver market.
Topcon offers an extensive range of products categorized under infrastructure, agriculture, and positioning solutions for manufacturers. The company's primary divisions encompass the Positioning Company, Smart Infrastructure Business, Eye Care Business, and Other Businesses (Fintech Business). Topcon provides GNSS, machine control systems, and precision agriculture solutions within the Positioning Company. Topcon maintains offices in various locations, including the Netherlands, Australia, Japan, Finland, and Russia. It adopted inorganic strategies to increase its revenue.
Hexagon AB (Sweden)
Hexagon AB stands as a global leader in software, sensor, and automation solutions, operating across two key business segments—Geospatial Enterprise Solutions and Industrial Enterprise Solutions. Within Geospatial Enterprise Solutions, Hexagon offers a comprehensive range of products, including laser scanners, airborne cameras, mobile mapping technologies, precise positioning solutions, monitoring equipment, and unmanned aerial vehicles. This segment caters to diverse applications such as surveying, infrastructure & construction, agriculture, aerospace & defense, and natural resources, extending its offerings to solutions for public safety as well.
Hemisphere GNSS Inc. (US)
Hemisphere operates as a division within CNH Industrial, a global company specializing in capital goods and offering equipment and services for Agriculture and Construction. As part of a diverse brand portfolio that includes renowned names such as Case IH, New Holland Agriculture, CASE, and New Holland Construction Equipment, CNH Industrial holds a significant position in the industry. Hemisphere GNSS, Inc., a technology-focused firm, falls under the umbrella of CNH Industrial, with a dedicated focus on developing and manufacturing products, services, and technology tailored for precise heading and positioning. The company adopted organic to increase its share in the mid and high-level precision GPS receiver market.
Mid and High-Level Precision GPS Receiver Market by Type (Differential Grade, Survey Grade), Functional Deployment (Navigation, Surveying and Mapping), Frequency Type (Single, Dual, Triple), End-user Industry and Region - Global Forecast to 2029
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