Asia Pacific Mid-and High-Level Precision GPS Receiver Market By Type (Survey Grade and Differential Grade), By Industry Vertical (Agriculture, Mining, Oil & Gas, Construction and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Mid-and High-Level Precision GPS Receiver Market
Market Report Description
The Asia Pacific Mid-and High-Level Precision GPS Receiver Market would witness market growth of 11.3% CAGR during the forecast period (2020-2026). By utilizing information from GPS satellites, a high-accuracy GPS receiver can accurately measure the geographic locations.
The degree of the accuracy of these GPS receivers varies from submeter to centimeter that based on the capability to monitor & process the signals from the GPS satellite. The transmission of signals from GPS satellites has various frequencies. The number of frequencies is directly proportional to the number of signals received & accuracy of GPS receiver. Presently, there are many navigation satellite systems available. Though, a precise GPS receiver is most expensive & difficult to perform in the field.
Accurate node location data is very crucial for almost every mobile system. GPS is rapidly emerging as the de-facto standard for determining a location for outdoor applications. Though, low-cost receivers, like the one embedded in smartphones, can cause many errors till tens of meters, specifically in urban areas or under dense foliage. The high-quality gadgets offer more precision but involve huge cost & commercial-grade surveying implements can scale into the thousands along with the need for widespread setup & adjustments prior to their use.
The outbreak of the global covid-19 pandemic has adversely affected most of the industries around the world. Many governments have taken strict measures to stop the spread of the virus-like nationwide lockdown & travel ban. The imposed lockdown around the globe has stopped manufacturing plants from the production of various food items in the starting months of the pandemic. Additionally, the lack of workforces, supply shortage, trade & transport restrictions, uncertain logistics, and some other inconveniences were faced during the lockdown period.
The Survey Grade market dominated the Australia Mid-and High-Level Precision GPS Receiver Market by Type 2019, thereby, achieving a market value of $85.8 million by 2026, growing at a CAGR of 11.5 % during the forecast period. The Differential Grade market is expected to witness a CAGR of 14.7% during (2020 - 2026).
Based on Type, the market is segmented into Survey Grade and Differential Grade. Based on Industry Vertical, the market is segmented into Agriculture, Mining, Oil & Gas, Construction and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trimble, Inc., Hexagon AB, Topcon Corporation (Topcon Positioning Group), Raytheon Technologies Corporation, Javad GNSS, Inc., Septentrio N.V., South Surveying & Mapping Technology Co., Ltd., Raven Industries, Inc., Geneq, Inc., and ComNav Technology Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Survey Grade
- Differential Grade
By Industry Vertical
- Oil & Gas
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Trimble, Inc.
- Hexagon AB
- Topcon Corporation (Topcon Positioning Group)
- Raytheon Technologies Corporation
- Javad GNSS, Inc.
- Septentrio N.V.
- South Surveying & Mapping Technology Co., Ltd.
- Raven Industries, Inc.
- Geneq, Inc.
- ComNav Technology Ltd.
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