About GPS Receiver
GPS receiver collect and convert signals from GPS satellites into measurements of position, velocity, and time. It is a important hardware in a GPS surveying operation. GPS receiver market has high growth prospects owing to rising use for GPS in travelling and also increasing research and development activities related to GPS product such as research in the autonomous driving section.Further, increasing industrial automation and investment for technological advancement drive the demand for GPS receiver over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global GPS Receiver market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Geneq , Inc. (Canada), Hemisphere Gnss , Inc. (United States), Hexagon AB (Sweden), Javad Gnss , Inc. (United States), Leica Geosystems, Inc. (United States), Navcom Technology, Inc. (United States), Septentrio Satellite Navigation , Ltd. (China), eRide, Inc. (United States), NovAtel Inc. (Canada), Topcon Corporation (Japan) and Trimble Navigation, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CHC Technology Co., Ltd. (China) and Beijing UniStrong Science & Technology Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global GPS Receiver market by Type (Differential Grade and Survey Grade), Application (Precision Farming (Agriculture), Aviation, Space, Mining, Military & Defense, Oil and Gas and Others) and Region.
On the basis of geography, the market of GPS Receiver has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Frequency Band, the sub-segment i.e. L1 Band will boost the GPS Receiver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Growth of Machine Automation Equipment Market
Market Growth Drivers:
Increasing Research and Development Activities related to GPS Product and Rising Adoption of GPS Solutions
Challenges:
GPS Chip has Low Power and Increasing Data Security Concern
Restraints:
High Cost of GPS Receiver and More Dependency on Satellite
Opportunities:
Increasing Demand from Developing Countries from Aviation Industry and Use of Unmanned Aerial Vehicles
Market Leaders and their expansionary development strategies
In April 2019, Hexagon AB announced the completion of the previously announced acquisition of Thermopylae Sciences and Technology. Thermopylae’s technologies, coupled with Hexagon’s other geospatial offerings, provide location intelligence solutions to solve critical, real-world challenges at the tactical edge.
In Sept 2019, Septentrio introduces a new GNSS/INS system in a rugged housing.Within its rugged, waterproof enclosure a high-performance GPS/GNSS is coupled with an industrial-grade inertial sensor to provide high-accuracy, reliable positioning and 3D orientation (heading, pitch, roll).
Key Target Audience
GPS Product Manufacturers, Suppliers and Distributors of GPS Products, Software and Application Providers for GPS Products, Original Equipment Manufacturers (OEMs), Government Bodies, Research and Development Organizations and Technology Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.