The high-precision GNSS receiver market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed during the historic period can be attributed to several factors, including increasing demand for high-precision GNSS receivers in robotics applications, their extensive use to meet urban planning requirements, utilization in scientific research endeavors, rising demand within the construction industry, and increasing deployment for surveying and mapping applications.
The high-precision GNSS receiver market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to several key factors, including the increasing demand for autonomous vehicles, expanding usage in marine navigation applications, rising demand for environmental monitoring solutions, growing need for satellite-based positioning services across various industries, and regulatory support facilitating integration. Major trends expected during this period include the rise in autonomous vehicles and drones, expansion in precision agriculture applications leveraging high-precision GNSS receivers, advancements in Real-Time Kinematic (RTK) technology enhancing positioning accuracy, growing demand for smart infrastructure solutions incorporating GNSS technology, and integration with 5G networks to enhance connectivity and performance.
The increasing mining sector is anticipated to drive the expansion of the high-precision GNSS receiver market in the foreseeable future. The mining industry encompasses activities related to the exploration, extraction, processing, and transportation of valuable minerals, metals, and other geological materials from the earth's crust. The transition towards renewable energy sources, such as solar panels, wind turbines, and electric vehicles, necessitates substantial quantities of minerals and metals. High-precision GNSS receivers play a crucial role in the mining sector by improving operational efficiency, safety, and productivity through accurate positioning and geospatial data for various applications, thus facilitating informed decision-making. For example, in February 2023, a report by the United States Geological Survey, a US government agency, revealed that US mines generated approximately $98.2 billion in nonfuel mineral commodities in 2022, marking a $3.6 billion (3.8%) increase from the projected total of $94.6 billion for 2021. Hence, the burgeoning mining industry is fueling the growth of the high-precision global navigation satellite system receiver market.
Major players in the high-precision GNSS receiver sector are concentrating on pioneering technological solutions, exemplified by the SE868SY-D, to address the escalating need for sophisticated positioning and navigation solutions across various industries. The SE868SY-D stands as a high-precision GNSS receiver module engineered for multi-frequency and multi-constellation applications. Telit Communications, a communication device company based in the United States, introduced the SE868SY-D in February 2021. This module integrates GPS/QZSS and Galileo in the L1/E1 and L5/E5 bands, GLONASS in the L1, BeiDou in the B1 and B2 bands, IRNSS in the L5 band, and SBAS, thereby enhancing performance for position reporting and navigation solutions. Moreover, its utilization of two frequencies (L1/E1 and L5/E5) augments location accuracy while mitigating multipath effects in urban locales. Tailored for applications such as IoT trackers, wearables, and beyond, the SE868SY-D also offers an evaluation kit (EVK) for comprehensive functionality testing.
In October 2023, CNH Industrial N.V., a prominent UK-based agricultural machinery corporation, finalized the acquisition of Hemisphere GNSS for a sum of $175 million. This strategic move reinforces CNH's leadership in precision, automation, and autonomy technology within the agriculture and construction sectors. The acquisition is poised to accelerate CNH's development initiatives, enhance its product lineup, and secure a competitive advantage in the marketplace over the long term. Hemisphere GNSS, renowned for its high-precision GNSS receivers and positioning tools, brings valuable capabilities and expertise to complement CNH's offerings.
Major companies operating in the high-precision gnss receiver market report are Raytheon Technologies Corporation, Qualcomm Incorporated, Broadcom Inc., Texas Instruments Incorporated, Thales Group, Hexagon AB, Trimble Inc., Cobham PLC, MiTAC Holdings Corp., Topcon Positioning Systems Inc., Hi-Target Surveying Instrument Co. Ltd., Raven Industries Inc., CHC Navigation Technology Ltd., Beijing UniStrong Science And Technology Co. Ltd., Carlson Systems Holdings Inc., Swift Navigation Inc., Septentrio N.V., Javad GNSS Inc., Unicore Communications Inc., NavCom Technology Inc., Tersus GNSS Inc., AG Leader Technology Inc., Geneq Inc., ComNav Technology Ltd., Hemisphere GNSS Inc.
Asia-Pacific was the largest region in the high-precision GNSS Receiver market in 2023. The regions covered in the high-precision gnss receiver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high-precision gnss receiver market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A high-precision GNSS (Global Navigation Satellite System) receiver is a device engineered to receive signals from satellites, employing advanced algorithms and technologies to achieve centimeter-level or even millimeter-level accuracy in positioning.
The main types of products encompassed within high-precision GNSS receivers are core satellite navigation systems, regional satellite navigation systems, and satellite-based augmentation systems (SABS). Core satellite navigation systems encompass primary satellite-based positioning systems offering global coverage and accurate positioning services to users worldwide. This category comprises various components, including devices and services, utilized across diverse applications such as surveying and mapping, astronomy, military and defense, agriculture, and others.
The high-precision GNSS receiver market research report is one of a series of new reports that provides high-precision GNSS receiver market statistics, including high-precision GNSS receiver industry global market size, regional shares, competitors with a high-precision GNSS receiver market share, detailed high-precision GNSS receiver market segments, market trends and opportunities, and any further data you may need to thrive in the high-precision GNSS receiver industry. This high-precision GNSS receiver market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high-precision GNSS receiver market consists of revenues earned by entities by providing services such as positioning services, navigation services, precision agriculture services, and geodetic and scientific research services. The market value includes the value of related goods sold by the service provider or included within the service offering. The high-precision GNSS receiver market also includes sales of single-frequency GNSS receivers, multi-frequency GNSS receivers, differential GNSS (DGNSS) receivers, OEM GNSS receiver modules, GNSS antennas and accessories, and real-time kinematic GNSS receivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The high-precision GNSS receiver market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to several key factors, including the increasing demand for autonomous vehicles, expanding usage in marine navigation applications, rising demand for environmental monitoring solutions, growing need for satellite-based positioning services across various industries, and regulatory support facilitating integration. Major trends expected during this period include the rise in autonomous vehicles and drones, expansion in precision agriculture applications leveraging high-precision GNSS receivers, advancements in Real-Time Kinematic (RTK) technology enhancing positioning accuracy, growing demand for smart infrastructure solutions incorporating GNSS technology, and integration with 5G networks to enhance connectivity and performance.
The increasing mining sector is anticipated to drive the expansion of the high-precision GNSS receiver market in the foreseeable future. The mining industry encompasses activities related to the exploration, extraction, processing, and transportation of valuable minerals, metals, and other geological materials from the earth's crust. The transition towards renewable energy sources, such as solar panels, wind turbines, and electric vehicles, necessitates substantial quantities of minerals and metals. High-precision GNSS receivers play a crucial role in the mining sector by improving operational efficiency, safety, and productivity through accurate positioning and geospatial data for various applications, thus facilitating informed decision-making. For example, in February 2023, a report by the United States Geological Survey, a US government agency, revealed that US mines generated approximately $98.2 billion in nonfuel mineral commodities in 2022, marking a $3.6 billion (3.8%) increase from the projected total of $94.6 billion for 2021. Hence, the burgeoning mining industry is fueling the growth of the high-precision global navigation satellite system receiver market.
Major players in the high-precision GNSS receiver sector are concentrating on pioneering technological solutions, exemplified by the SE868SY-D, to address the escalating need for sophisticated positioning and navigation solutions across various industries. The SE868SY-D stands as a high-precision GNSS receiver module engineered for multi-frequency and multi-constellation applications. Telit Communications, a communication device company based in the United States, introduced the SE868SY-D in February 2021. This module integrates GPS/QZSS and Galileo in the L1/E1 and L5/E5 bands, GLONASS in the L1, BeiDou in the B1 and B2 bands, IRNSS in the L5 band, and SBAS, thereby enhancing performance for position reporting and navigation solutions. Moreover, its utilization of two frequencies (L1/E1 and L5/E5) augments location accuracy while mitigating multipath effects in urban locales. Tailored for applications such as IoT trackers, wearables, and beyond, the SE868SY-D also offers an evaluation kit (EVK) for comprehensive functionality testing.
In October 2023, CNH Industrial N.V., a prominent UK-based agricultural machinery corporation, finalized the acquisition of Hemisphere GNSS for a sum of $175 million. This strategic move reinforces CNH's leadership in precision, automation, and autonomy technology within the agriculture and construction sectors. The acquisition is poised to accelerate CNH's development initiatives, enhance its product lineup, and secure a competitive advantage in the marketplace over the long term. Hemisphere GNSS, renowned for its high-precision GNSS receivers and positioning tools, brings valuable capabilities and expertise to complement CNH's offerings.
Major companies operating in the high-precision gnss receiver market report are Raytheon Technologies Corporation, Qualcomm Incorporated, Broadcom Inc., Texas Instruments Incorporated, Thales Group, Hexagon AB, Trimble Inc., Cobham PLC, MiTAC Holdings Corp., Topcon Positioning Systems Inc., Hi-Target Surveying Instrument Co. Ltd., Raven Industries Inc., CHC Navigation Technology Ltd., Beijing UniStrong Science And Technology Co. Ltd., Carlson Systems Holdings Inc., Swift Navigation Inc., Septentrio N.V., Javad GNSS Inc., Unicore Communications Inc., NavCom Technology Inc., Tersus GNSS Inc., AG Leader Technology Inc., Geneq Inc., ComNav Technology Ltd., Hemisphere GNSS Inc.
Asia-Pacific was the largest region in the high-precision GNSS Receiver market in 2023. The regions covered in the high-precision gnss receiver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high-precision gnss receiver market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A high-precision GNSS (Global Navigation Satellite System) receiver is a device engineered to receive signals from satellites, employing advanced algorithms and technologies to achieve centimeter-level or even millimeter-level accuracy in positioning.
The main types of products encompassed within high-precision GNSS receivers are core satellite navigation systems, regional satellite navigation systems, and satellite-based augmentation systems (SABS). Core satellite navigation systems encompass primary satellite-based positioning systems offering global coverage and accurate positioning services to users worldwide. This category comprises various components, including devices and services, utilized across diverse applications such as surveying and mapping, astronomy, military and defense, agriculture, and others.
The high-precision GNSS receiver market research report is one of a series of new reports that provides high-precision GNSS receiver market statistics, including high-precision GNSS receiver industry global market size, regional shares, competitors with a high-precision GNSS receiver market share, detailed high-precision GNSS receiver market segments, market trends and opportunities, and any further data you may need to thrive in the high-precision GNSS receiver industry. This high-precision GNSS receiver market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high-precision GNSS receiver market consists of revenues earned by entities by providing services such as positioning services, navigation services, precision agriculture services, and geodetic and scientific research services. The market value includes the value of related goods sold by the service provider or included within the service offering. The high-precision GNSS receiver market also includes sales of single-frequency GNSS receivers, multi-frequency GNSS receivers, differential GNSS (DGNSS) receivers, OEM GNSS receiver modules, GNSS antennas and accessories, and real-time kinematic GNSS receivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. High-Precision GNSS Receiver Market Characteristics3. High-Precision GNSS Receiver Market Trends And Strategies32. Global High-Precision GNSS Receiver Market Competitive Benchmarking33. Global High-Precision GNSS Receiver Market Competitive Dashboard34. Key Mergers And Acquisitions In The High-Precision GNSS Receiver Market
4. High-Precision GNSS Receiver Market - Macro Economic Scenario
5. Global High-Precision GNSS Receiver Market Size and Growth
6. High-Precision GNSS Receiver Market Segmentation
7. High-Precision GNSS Receiver Market Regional And Country Analysis
8. Asia-Pacific High-Precision GNSS Receiver Market
9. China High-Precision GNSS Receiver Market
10. India High-Precision GNSS Receiver Market
11. Japan High-Precision GNSS Receiver Market
12. Australia High-Precision GNSS Receiver Market
13. Indonesia High-Precision GNSS Receiver Market
14. South Korea High-Precision GNSS Receiver Market
15. Western Europe High-Precision GNSS Receiver Market
16. UK High-Precision GNSS Receiver Market
17. Germany High-Precision GNSS Receiver Market
18. France High-Precision GNSS Receiver Market
19. Italy High-Precision GNSS Receiver Market
20. Spain High-Precision GNSS Receiver Market
21. Eastern Europe High-Precision GNSS Receiver Market
22. Russia High-Precision GNSS Receiver Market
23. North America High-Precision GNSS Receiver Market
24. USA High-Precision GNSS Receiver Market
25. Canada High-Precision GNSS Receiver Market
26. South America High-Precision GNSS Receiver Market
27. Brazil High-Precision GNSS Receiver Market
28. Middle East High-Precision GNSS Receiver Market
29. Africa High-Precision GNSS Receiver Market
30. High-Precision GNSS Receiver Market Competitive Landscape And Company Profiles
31. High-Precision GNSS Receiver Market Other Major And Innovative Companies
35. High-Precision GNSS Receiver Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
High-Precision GNSS Receiver Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on high-precision GNSS receiver market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for high-precision GNSS receiver ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high-precision GNSS receiver market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Core Satellite Navigation Systems; Regional Satellite Navigation Systems; Satellite - Based Augmentation Systems(SABS)2) By Component: Devices; Services
3) By Application: Survey and Mapping; Astronomy; Military And Defense; Agriculture; Other Applications.
Key Companies Mentioned: Raytheon Technologies Corporation; Qualcomm Incorporated; Broadcom Inc.; Texas Instruments Incorporated; Thales Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Raytheon Technologies Corporation
- Qualcomm Incorporated
- Broadcom Inc.
- Texas Instruments Incorporated
- Thales Group
- Hexagon AB
- Trimble Inc.
- Cobham PLC
- MiTAC Holdings Corp.
- Topcon Positioning Systems Inc.
- Hi-Target Surveying Instrument Co. Ltd.
- Raven Industries Inc.
- CHC Navigation Technology Ltd.
- Beijing UniStrong Science And Technology Co. Ltd.
- Carlson Systems Holdings Inc.
- Swift Navigation Inc.
- Septentrio N.V.
- Javad GNSS Inc.
- Unicore Communications Inc.
- NavCom Technology Inc.
- Tersus GNSS Inc.
- AG Leader Technology Inc.
- Geneq Inc.
- ComNav Technology Ltd.
- Hemisphere GNSS Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 1.42 Billion |
| Forecasted Market Value ( USD | $ 1.95 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
