Precision GPS Receivers

Global Precision GPS Receivers Market to Reach US$4.8 Billion by 2030

The global market for Precision GPS Receivers estimated at US$3.3 Billion in the year 2024, is expected to reach US$4.8 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. Surveying & Mapping Function, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$3.0 Billion by the end of the analysis period. Growth in the Navigation Function segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$876.3 Million While China is Forecast to Grow at 10.6% CAGR

The Precision GPS Receivers market in the U.S. is estimated at US$876.3 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.0 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Precision GPS Receivers Market - Key Trends & Drivers Summarized

How Are Precision GPS Receivers Improving Positioning Accuracy?
Precision GPS receivers offer a significant improvement in positioning accuracy compared to standard GPS units, providing location data within centimeters instead of meters. This high level of accuracy is achieved through advanced technologies such as real-time kinematic (RTK) and differential GPS (DGPS). Precision GPS receivers are crucial for a variety of applications, including surveying, agriculture, construction, and autonomous vehicle navigation. The push towards more autonomous systems in industries such as agriculture and transportation has significantly raised the demand for GPS receivers that can deliver reliable, high-accuracy positioning data, making them a critical tool in the modern era of automation and smart machinery.

What Role Do Precision GPS Receivers Play in Agricultural Modernization?
In agriculture, precision GPS receivers are transforming farming practices by enabling precision agriculture, which involves the use of GPS data to optimize field-level management concerning crop farming. Precision GPS helps in guiding tractors and other agricultural machinery accurately, ensuring uniform seed distribution and efficient use of inputs like fertilizers and pesticides. This not only improves crop yields but also reduces waste and costs. The advent of autonomous farm machinery has further propelled the demand for precision GPS receivers, as these machines rely on highly accurate positioning data for navigation and fieldwork.

How Is the Expansion of Autonomous Technologies Driving Demand for Precision GPS?
Autonomous technologies are rapidly expanding across industries such as transportation, construction, and surveying, driving the need for reliable and precise positioning data. In transportation, precision GPS receivers are used in autonomous vehicles to ensure accurate lane navigation, collision avoidance, and adherence to mapped routes. In construction, GPS receivers assist in guiding heavy equipment with minimal human intervention, improving productivity and reducing the risk of costly errors. The integration of GPS with other sensors, such as inertial measurement units (IMUs), has further enhanced the capabilities of precision positioning systems, making them indispensable for the development of smart and autonomous solutions across multiple sectors.

What Drives the Growth in the Precision GPS Receivers Market?
The growth in the precision GPS receivers market is driven by several factors, including the increasing adoption of autonomous vehicles, advancements in precision agriculture, and the need for highly accurate location-based data in construction and surveying. The rising focus on efficient resource management in agriculture and the growing use of GPS in smart transportation systems have significantly contributed to market growth. Additionally, the development of multi-frequency GPS systems, which offer even greater accuracy and reliability, has expanded the use cases for precision GPS in applications requiring centimeter-level precision. The demand for high-quality positioning systems in disaster management, logistics, and supply chain monitoring has also been a key growth driver in this market, as industries look to enhance their operational efficiency with advanced navigation tools.

SCOPE OF STUDY:

The report analyzes the Precision GPS Receivers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Function (Surveying & Mapping Function, Navigation Function); End-User (Construction End-User, Agriculture End-User, Transportation End-User, Oil & Gas End-User, Other End-Users)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 51 Featured) -

• AMI Marine Ltd.
• Broadcom, Inc.
• Emlid Ltd
• Esri
• Frontier Precision, Inc.
• Geneq Inc.
• Hemisphere GNSS, Inc.
• Hi-Target Surveying Instrument Co., Ltd.
• Honeywell International, Inc.
• Leica Geosystems AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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