LAMEA 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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The Latin America, Middle East and Africa Mid-and High-Level Precision GPS Receiver Market would witness market growth of 11.4% CAGR during the forecast period (2020-2026).
The principle of GPS operation depends on calculating the ranges of distances between the receiver & the satellites. The GPS has framework of three parts viz. control, spatial, & users. The spatial part consists of 24 satellites which are above 20 thousand km from the Earth, with six orbital levels & a 12-hour period. The control segment contains the Earth stations to manage the satellite trajectories. Lastly, the segment of the user comprises GPS receivers utilizing two frequencies: L1 at 1575.42 MHz for civil use, & L2 at 1227.60 MHz restricted to military application.
The precision in latitude & longitude coordinates is 10-15 meters 95% of the readings. At times, it is more accurate; however, it depends on various aspects, which comprises of delay in the signal when it crosses the atmosphere, then bounce back the signal in buildings or its concealment because of the existence of trees, less accurate clocks, & sound in the receiver. On the other hand, the accuracy is decreased to 50% related to the extracted on the basis of longitude and latitude (15-23 meters 95%).
Consumer GPS receivers are utilized majorly for recreational & navigational applications that signify the separate class & are impacted by the inaccuracies. The popularity of these receivers has significantly affected the cost, size, & power requirements in the past few years. Though, for applications where simple precision is not sufficient, the massive price gap to a more accurate system can be restricted.
The Brazil market dominated the LAMEA Oil & Gas Mid-and High-Level Precision GPS Receiver Market by Country 2019, thereby, achieving a market value of $11.1 million by 2026. The Argentina market would witness a CAGR of 10.8% during (2020 - 2026). Additionally, The UAE market is exhibiting a CAGR of 9.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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