North America 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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Market Report Description
The North America Mid-and High-Level Precision GPS Receiver Market would witness market growth of 10.9% CAGR during the forecast period (2020-2026). With time, a static GNSS/GPS receiver will frame or plan different locations for a certain point. It occurs due to the faults caused by variables in the satellites, the adjoining physical environment, & the ionosphere.
The latest geospatial technology has witnessed the massive development in rectifying these errors; however, a real-time accuracy of a receiver depends on its capability to manage those corrections.
There are various wireless applications like formation flying of automatic air vehicles, automated cars driving, & source localization or target tracking with the help of wireless sensor networks, it is of utmost importance to understand the accurate relative locations of nodes than the total coordinates. GPS mostly delivers the exact coordinates & also the most commonly available localization system. Moreover, low-cost receivers can show tens of meters of inaccuracies or more challenging RF environments.
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 US market dominated the North America Mid-and High-Level Precision GPS Receiver Differential Grade Market by Country 2019, thereby, achieving a market value of $286.8 million by 2026. The Canada market is experiencing a CAGR of 15.6% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 14.6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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