According to our (Global Info Research) latest study, the global GNSS Correction Service market size was valued at US$ 629 million in 2024 and is forecast to a readjusted size of USD 1022 million by 2031 with a CAGR of 6.9% during review period.
GNSS Correction Service is a service designed to provide correction and enhancement of raw GNSS positioning data by receiving, processing, and analysing Global Navigation Satellite System (GNSS) signals to improve positioning accuracy and reliability. Such services typically utilize infrastructure such as ground receiving stations, data processing centres, and communication networks to receive GNSS satellite signals, perform real-time or post-processing data analysis, and then provide corrective parameters or corrected location information to the user. The main purpose of GNSS Correction Service is to reduce or eliminate positioning errors caused by signal propagation errors, multipath effects, and atmospheric interference, so as to improve the accuracy and reliability of GNSS positioning system. This kind of service has important application value for areas requiring high precision positioning, such as surveying, agriculture and so on.
With the development of the Global Navigation Satellite System (GNSS), its application scope has gradually expanded, involving almost all fields of the national economy, including the mass market related to ordinary consumers. Different from traditional industrial market applications such as surveying and mapping, mass market applications are often accompanied by more complex observation environments, such as multipath interference, frequent cycle slips, etc. The GNSS data processing strategy also determines the position, speed, and time to a certain extent.
With the growing demand for high-precision positioning in the mass market, there is an urgent need for technological innovation in low-cost precision positioning technology. With GNSS correction services, GNSS performance and accuracy can be improved, and positioning errors can be reduced to centimetres or even millimetres. The GNSS Positioning Correction Service industry has good prospects for development.
In the future, high-precision GNSS Positioning Correction Service will become the main development trend. In addition to helping enable some of the automated navigation solutions currently in development, it has also driven disruptive shifts across the industry.
Innovative technologies, the rise of high-precision GNSS service technologies, coupled with business models that promise to make high-precision a mass-market reality, mean that the next few years will be extremely exciting. By hitting existing markets, new technologies will mean many new opportunities and challenges for those who are ready to seize these opportunities.
The global key companies of GNSS Positioning Correction Service include Hexagon, Fugro, Oceaneering, UniStrong, Trimble, Topcon, u-blox, Septentrio NV, Swift Navigation, and etc. The global key companies of GNSS Positioning Correction Service include Hexagon, Fugro, Oceaneering, UniStrong, Trimble, Topcon, u-blox, Septentrio NV, Swift Navigation, etc. The top five vendors held 50.66% of the market, in terms of GNSS Positioning Correction Service revenue in 2023.
Noteworthy developments:
August 30, 2024, u-blox and Nordian expand PointPerfect GNSS correction service to key Brazilian agricultural regions with new L-band satellite delivery.
This report is a detailed and comprehensive analysis for global GNSS Correction Service market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global GNSS Correction Service market size and forecasts, in consumption value ($ Million), 2020-2031
Global GNSS Correction Service market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global GNSS Correction Service market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global GNSS Correction Service market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for GNSS Correction Service
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global GNSS Correction Service market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hexagon, Fugro, Oceaneering, UniStrong, Trimble, Topcon, u-blox, Septentrio, Swift Navigation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
GNSS Correction Service market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
RTK
RTK-PPP
PPP
Market segment by Application
Agriculture
Construction
GIS and Mapping
Marine
Others
Market segment by players, this report covers
Hexagon
Fugro
Oceaneering
UniStrong
Trimble
Topcon
u-blox
Septentrio
Swift Navigation
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe GNSS Correction Service product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of GNSS Correction Service, with revenue, gross margin, and global market share of GNSS Correction Service from 2020 to 2025.
Chapter 3, the GNSS Correction Service competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and GNSS Correction Service market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of GNSS Correction Service.
Chapter 13, to describe GNSS Correction Service research findings and conclusion.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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