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GPS Receiver Market Overview
The GPS Receiver Market size is forecast to reach $317 million by 2026, growing at a CAGR of 7.9% from 2021 to 2026. The GPS Receiver market is estimated to witness substantial growth over the forecast period primarily due to its heavy usage in healthcare and Energy sector and on-going developments to improve the overall GPS infrastructure. A GPS receiver is an L-band radio processor capable of solving the navigation equations in order to determine the user position, velocity, and precise time by processing the signal broadcasted by GPS satellites through inertial navigation systems and satellite transmissions. Satellite-based augmentation system helps improve the accuracy, integrity and availability of basic GPS receivers. GPS receivers can be in different types like stand-alone or receivers in vicinities or it can be built specifically having the application in navigation, accurate positioning, or timing. Positioning navigation and timing is used in map data and other information to retrieve the information through GPS receivers. The GPS receivers are widely applied in different industries like industrial, scientific areas, manufacturing, healthcare and energy.
Report Coverage
The report: “GPS Receiver Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the GPS Receiver Market.
By Type – Survey grade, Mapping grade, and Consumer-grade
By Application – Automobiles, Aviation, Industrial Machinery, Maritime, Mining and Agriculture, Oil and Gas, Telecommunication and Others
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia, and others), and RoW (Middle East and Africa).
Key Takeaways
- On-going developments to improve the overall GPS infrastructure, availability of most cost-effective GPS solutions and technological advancements in GPS augmentation are driving the market growth of GPS receivers.
- GPS receivers enable the users to determine the time with high precision without needing to use expensive atomic clocks.
- GPS receivers are being implemented heavily in applications such as healthcare, automotive and energy sector
- APAC is expected to grow at the highest CAGR during the forecast period. It is due to increase in growing agriculture or precision farming industry as well as rising infrastructure development.
GPS Receiver Market Share, By Geography
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GPS Receiver Market Segment Analysis - By Type
The market segment by type into Survey grade and Precision grade. The survey-grade segment is the leading segment CAGR 10.40% in terms of revenue. Survey grade receivers are designed for the achievement of consistent network accuracy in the static or real-time mode. Positions determined by these receivers will generally provide sharp accuracy. Consumer-grade receivers provide the least accurate positional information between five and ten metres depending on environmental conditions. These receivers are widely used in natural resource applications in forested environments for their ease of use.
GPS Receiver Market Segment Analysis – By Application
The market segment by application into automobiles, aviation, industrial machinery, maritime, mining and agriculture, oil and gas and telecommunications and others. The mining segment is the leading segment with CAGR of 8.85%. The GPS has various applications in the mining industry such as surveying and mapping land, vehicle tracking and dispatch, mineral and aggregate extraction with special incidence in iron ore and coal extraction and transport tasks. In open pit mining accurate GPS receivers are useful for tasks such as machine guidance, grading, dozing, drilling, collision avoidance and fleet management.
GPS Receiver Market Segment Analysis – By Geography
Global GPS Receiver market is dominated by APAC region and is estimated to grow at a highest CAGR of 10.17% during the forecast period 2021-2026. The GPS receivers in Asia-Pacific region are in high demand due to increasing agriculture sector and also growing infrastructure development. GPS receivers in this region are mostly utilized in farming and construction activities. Countries such as China and Japan are witnessing high demand in GPS receiver market due to rising population in APAC countries and also increasing air and rail traffic driving the market growth.
GPS Receiver Market Drivers
Adoption of GPS receivers in construction industry driving market growth
The usage of GPS receivers is high in the construction industry in recent times due to adoption of GPS technology in large-scale construction projects such as civil construction sites and megaprojects for equipment tracking. GPS products are in demand in construction projects for various uses including tracking systems for timely delivery of construction material and vehicle tracking software in order to track the speed, mileage, and engine hours. GPS receivers help in managing every stage of construction projects like monitoring asset utilization and ensuring safety of everyone on site. The construction industry involves countless moving parts as GPS technology is a cost-effective solution that enables construction projects to be highly efficient and ensures the security of the assets.
Ongoing developments to improve overall GPS infrastructure
GPS receivers are widely been adopted in different industry verticals such as construction, agriculture, mining, aviation, and maritime and others. These receivers help in search and rescue operations, trucking and shipping, surveying and mapping, offshore drilling and space exploration activities. Advancements in GPS systems are expected to enhance reliability and coverage for these activities. Greater reliability helps surveyors obtain even more accurate and consistent measurements, difficult inshore navigation on rivers and canals would be safer and reliable. Thus developments in GPS infrastructure helps boost the growth of GPS receiver market.
GPS Receiver Market Challenges
GPS signal and tracking issues
One of the most common challenges of GPS receiver is tracking issues. The tracking positioning work best in ideal locations like in outdoors or open sky view compared to metro cities. GPS signals have to travel huge a distance through the atmosphere from multiple satellites to reach the point the quality of such signal plays a major role. If a satellite is not directly overhead in these locations, it becomes much harder to track accurately and reduces the GPS signal accuracy. Such issues tend to reduce market growth.
GPS Receiver Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the GPS Receiver market. The GPS Receiver top 10 companies such U-blox, STMicroelectronics, Broadcom, Esterline Technologies, Honeywell International, Qualcomm, Trimble Inc., Hexagon AB, Topcon Positioning systems Inc. and Geneq Inc.
Acquisitions/Technology Launches/Partnerships
- In Aug 2021, BAE systems, unveiled its ultra-small MicroGRAM-M global positioning system receiver compatible with next-generation M-Code military GPS that are resistant to jamming and spoofing. MicroGRAM-M is the world’s smallest, lightest and most power-efficient GPS receiver for size constrained and other micro-applications.
- In Aug 2021, Honeywell and InfiniDome collaborated on the development and delivery of GPS signal protection systems for commercial and military vehicles, including aircraft, urban air mobility (UAM) and unmanned aircraft systems (UAS) and surface vehicles.
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1. GPS Receiver Market Overview
1.1 Definitions and Scope
2. GPS Receiver Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Component
2.3 Key trends By Deployment Mode
2.4 Key trends By Organization Size
2.5 Key trends By Analytics Type
2.6 Key trends By Industry Verticals
2.7 Key trends segmented by Geography
3. GPS Receiver Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. GPS Receiver Market - Startup companies Scenario Premium Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. GPS Receiver Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. GPS Receiver Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. GPS Receiver Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. GPS Receiver Market – By Type (Market Size -$Million/Billion)
8.1 Survey
8.2 Precision
9. GPS Receiver Market – By Application (Market Size -$Million/Billion)
9.1 Automobiles
9.2 Aviation
9.3 Industrial Machinery
9.4 Maritime
9.5 Mining and Agriculture
9.6 Oil and Gas
9.7 Telecommunication
9.8 Others
10. GPS Receiver Market – By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1 U.S
10.1.2 Canada
10.1.3 Mexico
10.1.4 Rest of North America
10.2 South America
10.2.1 Brazil
10.2.2 Venezuela
10.2.3 Argentina
10.2.4 Ecuador
10.2.5 Peru
10.2.6 Colombia
10.2.7 Costa Rica
10.2.8 Rest of South America
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Netherlands
10.3.6 Belgium
10.3.7 Denmark
10.3.8 Spain
10.3.9 ROE
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Australia
10.4.6 Taiwan
10.4.7 Malaysia
10.4.8 Hong Kong
10.4.9 Rest of APAC
10.5 Rest of World (RoW)
10.5.1 Middle East
10.5.1.1 Israel
10.5.1.2 Saudi Arabia
10.5.1.3 UAE
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Rest of Middle East & Africa
11. GPS Receiver Market - Market Entropy
11.1 New product launches
11.2 M&A's, collaborations, JVs and partnerships
12. GPS Receiver Market - Industry / Segment Competition landscape Premium Premium
12.1 Market Share Analysis
12.1.1 Market Share by Country- Top companies
12.1.2 Market Share by Region- Top 10 companies
12.1.3 Market Share by type of Application - Top 10 companies
12.1.4 Market Share by type of Product / Product category- Top 10 companies
12.1.5 Market Share at global level - Top 10 companies
12.1.6 Best Practises for companies
13. GPS Receiver Market - Key Company List by Country Premium Premium
14. GPS Receiver Market - Company Analysis
14.1 Market Share, Company Revenue, Products, M&A, Developments
14.2 U-blox
14.3 STMicroelectronics
14.4 Broadcom
14.5 Esterline Technologies
14.6 Honeywell International
14.7 Qualcomm
14.8 Trimble Inc.
14.9 Hexagon AB
14.10 Topcon Positioning Systems Inc.
14.11 Geneq Inc.
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global Mid & High Level Precision GPS Market By Type Market 2023-2030 ($M)1.1 Differential Grade Market 2023-2030 ($M) - Global Industry Research
1.2 Survey Grade Market 2023-2030 ($M) - Global Industry Research
2.Global Mid & High Level Precision GPS Market By Type Market 2023-2030 (Volume/Units)
2.1 Differential Grade Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Survey Grade Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Mid & High Level Precision GPS Market By Type Market 2023-2030 ($M)
3.1 Differential Grade Market 2023-2030 ($M) - Regional Industry Research
3.2 Survey Grade Market 2023-2030 ($M) - Regional Industry Research
4.South America Mid & High Level Precision GPS Market By Type Market 2023-2030 ($M)
4.1 Differential Grade Market 2023-2030 ($M) - Regional Industry Research
4.2 Survey Grade Market 2023-2030 ($M) - Regional Industry Research
5.Europe Mid & High Level Precision GPS Market By Type Market 2023-2030 ($M)
5.1 Differential Grade Market 2023-2030 ($M) - Regional Industry Research
5.2 Survey Grade Market 2023-2030 ($M) - Regional Industry Research
6.APAC Mid & High Level Precision GPS Market By Type Market 2023-2030 ($M)
6.1 Differential Grade Market 2023-2030 ($M) - Regional Industry Research
6.2 Survey Grade Market 2023-2030 ($M) - Regional Industry Research
7.MENA Mid & High Level Precision GPS Market By Type Market 2023-2030 ($M)
7.1 Differential Grade Market 2023-2030 ($M) - Regional Industry Research
7.2 Survey Grade Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Gps Receiver Market Revenue, 2023-2030 ($M)2.Canada Gps Receiver Market Revenue, 2023-2030 ($M)
3.Mexico Gps Receiver Market Revenue, 2023-2030 ($M)
4.Brazil Gps Receiver Market Revenue, 2023-2030 ($M)
5.Argentina Gps Receiver Market Revenue, 2023-2030 ($M)
6.Peru Gps Receiver Market Revenue, 2023-2030 ($M)
7.Colombia Gps Receiver Market Revenue, 2023-2030 ($M)
8.Chile Gps Receiver Market Revenue, 2023-2030 ($M)
9.Rest of South America Gps Receiver Market Revenue, 2023-2030 ($M)
10.UK Gps Receiver Market Revenue, 2023-2030 ($M)
11.Germany Gps Receiver Market Revenue, 2023-2030 ($M)
12.France Gps Receiver Market Revenue, 2023-2030 ($M)
13.Italy Gps Receiver Market Revenue, 2023-2030 ($M)
14.Spain Gps Receiver Market Revenue, 2023-2030 ($M)
15.Rest of Europe Gps Receiver Market Revenue, 2023-2030 ($M)
16.China Gps Receiver Market Revenue, 2023-2030 ($M)
17.India Gps Receiver Market Revenue, 2023-2030 ($M)
18.Japan Gps Receiver Market Revenue, 2023-2030 ($M)
19.South Korea Gps Receiver Market Revenue, 2023-2030 ($M)
20.South Africa Gps Receiver Market Revenue, 2023-2030 ($M)
21.North America Gps Receiver By Application
22.South America Gps Receiver By Application
23.Europe Gps Receiver By Application
24.APAC Gps Receiver By Application
25.MENA Gps Receiver By Application