With 8.8% CAGR, Mid and High-Level Precision GPS Receiver Market Growth to Surpass USD 5.2 billion

The global mid and high-level precision GPS receiver market was valued at USD 3.4 billion in 2024 and is estimated to reach USD 5.2 billion by 2029, registering a CAGR of 8.8% during the forecast period. Increasing demand for GPS receivers in the construction industry, rising energy demand for geographic information systems, and expanding adoption of GPS receivers in autonomous driving are the major driving factors for the growth of the mid and high-level precision GPS receiver market.

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Based on functional deployment, the surveying and mapping segment dominates the mid and high-level precision GPS receiver market. The global emphasis on infrastructure development, including urban planning, transportation, and environmental monitoring, drives the demand for accurate surveying and mapping tools. GPS receivers play a crucial role in collecting precise geospatial data, aiding in the planning and executing large-scale infrastructure projects.

Based on type, in 2023, the survey grade segment dominated the mid and high-level precision GPS receiver market, and it is expected to have the highest growth rate in the forecasted period. High-precision GPS receivers designed for survey-grade applications are utilized across various industries, spanning construction, agriculture, environmental monitoring, and infrastructure development. The widespread applicability of these receivers in diverse sectors significantly contributes to their substantial market share. Additionally, factors such as integrated solutions, durability, and advancements in GPS technology drive the growing adoption of survey-grade GPS receivers.

Based on the end-user industry, the agriculture segment is expected to have the highest growth rate during the forecast period. The adoption of precision farming practices has become increasingly important in modern agriculture. Farmers leverage advanced technologies, such as GPS receivers, to optimize operations, enhance efficiency, and maximize yields. Mid and high-level precision GPS receivers provide farmers with superior accuracy and precision in various agricultural activities. This heightened precision allows for better control over planting, harvesting, and irrigation tasks, leading to improved resource utilization and increased productivity.

Based on region, Asia Pacific is expected to have the highest growth rate in the mid and high-level precision GPS receiver market during the forecast period. China and Japan emerge as the primary contributors to the Asia-Pacific (APAC) GPS market. The expanding agriculture and construction industries, characterized by a significant uptake of GPS receivers, play a pivotal role in propelling market growth across APAC. Furthermore, the flourishing industry growth is positively influencing the region.

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Major players operating in the mid and high-level precision GPS receiver Trimble Inc. (US), Topcon (Japan), Hexagon AB (Sweden), Hemisphere GNSS Inc. (US), Javad GNSS (US), Geneq (Canada), South Surveying & Mapping Technology Co. Ltd. (China), Septentrio (Belgium), CNH Industrial N.V. (UK), Comnav Technology Ltd. (China). These companies have reliable manufacturing facilities and strong distribution networks across key regions, such as North America, Europe, and Asia Pacific. These companies have built a strong reputation for their products and services, with a well-established portfolio reflecting their industry expertise. Their market presence is robust, backed by solid business strategies that have enabled them to maintain a significant market share.

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