Scope of the Study
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.
The market study is being classified by Type (Differential Grade and Survey Grade), by Application (Precision Farming (Agriculture), Aviation, Space, Mining, Military & Defense, Oil and Gas and Others) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Manufacturers which are also part of the research are CHC Technology Co., Ltd. (China) and Beijing UniStrong Science & Technology Co., Ltd. (China).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global GPS Receiver market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global GPS Receiver market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Research and Development Activities related to GPS Product
- Rising Adoption of GPS Solutions
- Rapid Growth of Machine Automation Equipment Market
- High Cost of GPS Receiver
- More Dependency on Satellite
- Increasing Demand from Developing Countries from Aviation Industry
- Use of Unmanned Aerial Vehicles
- GPS Chip has Low Power
- Increasing Data Security Concern
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 AudienceGPS 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
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