Gps Receiver Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ESR 45689 Report Format: PDF + Excel

GPS Receiver Market Overview

The GPS Receiver Market size is forecast to reach $317 million by 2026, growing at a CAGR of 7.9% from 2021 to 2026. The GPS Receiver market is estimated to witness substantial growth over the forecast period primarily due to its heavy usage in healthcare and Energy sector and on-going developments to improve the overall GPS infrastructure. A GPS receiver is an L-band radio processor capable of solving the navigation equations in order to determine the user position, velocity, and precise time by processing the signal broadcasted by GPS satellites through inertial navigation systems and satellite transmissions. Satellite-based augmentation system helps improve the accuracy, integrity and availability of basic GPS receivers.  GPS receivers can be in different types like stand-alone or receivers in vicinities or it can be built specifically having the application in navigation, accurate positioning, or timing. Positioning navigation and timing is used in map data and other information to retrieve the information through GPS receivers. The GPS receivers are widely applied in different industries like industrial, scientific areas, manufacturing, healthcare and energy.

Report Coverage

The report: “GPS Receiver Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the GPS Receiver Market.
By Type – Survey grade, Mapping grade, and Consumer-grade
By Application – Automobiles, Aviation, Industrial Machinery, Maritime, Mining and Agriculture, Oil and Gas, Telecommunication and Others
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia, and others), and RoW (Middle East and Africa).

Key Takeaways

  • On-going developments to improve the overall GPS infrastructure, availability of most cost-effective GPS solutions and technological advancements in GPS augmentation are driving the market growth of GPS receivers.
  • GPS receivers enable the users to determine the time with high precision without needing to use expensive atomic clocks.
  • GPS receivers are being implemented heavily in applications such as healthcare, automotive and energy sector 
  • APAC is expected to grow at the highest CAGR during the forecast period. It is due to increase in growing agriculture or precision farming industry as well as rising infrastructure development.

GPS Receiver Market Share, By Geography

GPS Receiver Market

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GPS Receiver Market Segment Analysis - By Type

The market segment by type into Survey grade and Precision grade. The survey-grade segment is the leading segment CAGR 10.40% in terms of revenue. Survey grade receivers are designed for the achievement of consistent network accuracy in the static or real-time mode. Positions determined by these receivers will generally provide sharp accuracy. Consumer-grade receivers provide the least accurate positional information between five and ten metres depending on environmental conditions. These receivers are widely used in natural resource applications in forested environments for their ease of use.

GPS Receiver Market Segment Analysis – By Application

The market segment by application into automobiles, aviation, industrial machinery, maritime, mining and agriculture, oil and gas and telecommunications and others. The mining segment is the leading segment with CAGR of 8.85%. The GPS has various applications in the mining industry such as surveying and mapping land, vehicle tracking and dispatch, mineral and aggregate extraction with special incidence in iron ore and coal extraction and transport tasks. In open pit mining accurate GPS receivers are useful for tasks such as machine guidance, grading, dozing, drilling, collision avoidance and fleet management.

GPS Receiver Market Segment Analysis – By Geography 

Global GPS Receiver market is dominated by APAC region and is estimated to grow at a highest CAGR of 10.17% during the forecast period 2021-2026. The GPS receivers in Asia-Pacific region are in high demand due to increasing agriculture sector and also growing infrastructure development. GPS receivers in this region are mostly utilized in farming and construction activities. Countries such as China and Japan are witnessing high demand in GPS receiver market due to rising population in APAC countries and also increasing air and rail traffic driving the market growth.

GPS Receiver Market Drivers

Adoption of GPS receivers in construction industry driving market growth

The usage of GPS receivers is high in the construction industry in recent times due to adoption of GPS technology in large-scale construction projects such as civil construction sites and megaprojects for equipment tracking. GPS products are in demand in construction projects for various uses including tracking systems for timely delivery of construction material and vehicle tracking software in order to track the speed, mileage, and engine hours. GPS receivers help in managing every stage of construction projects like monitoring asset utilization and ensuring safety of everyone on site. The construction industry involves countless moving parts as GPS technology is a cost-effective solution that enables construction projects to be highly efficient and ensures the security of the assets. 

Ongoing developments to improve overall GPS infrastructure

GPS receivers are widely been adopted in different industry verticals such as construction, agriculture, mining, aviation, and maritime and others. These receivers help in search and rescue operations, trucking and shipping, surveying and mapping, offshore drilling and space exploration activities. Advancements in GPS systems are expected to enhance reliability and coverage for these activities. Greater reliability helps surveyors obtain even more accurate and consistent measurements, difficult inshore navigation on rivers and canals would be safer and reliable. Thus developments in GPS infrastructure helps boost the growth of GPS receiver market.

GPS Receiver Market Challenges

GPS signal and tracking issues

One of the most common challenges of GPS receiver is tracking issues. The tracking positioning work best in ideal locations like in outdoors or open sky view compared to metro cities. GPS signals have to travel huge a distance through the atmosphere from multiple satellites to reach the point the quality of such signal plays a major role. If a satellite is not directly overhead in these locations, it becomes much harder to track accurately and reduces the GPS signal accuracy. Such issues tend to reduce market growth.

GPS Receiver Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the GPS Receiver market. The GPS Receiver top 10 companies such U-blox, STMicroelectronics, Broadcom, Esterline Technologies, Honeywell International, Qualcomm, Trimble Inc., Hexagon AB, Topcon Positioning systems Inc. and Geneq Inc.

Acquisitions/Technology Launches/Partnerships

  • In Aug 2021, BAE systems, unveiled its ultra-small MicroGRAM-M global positioning system receiver compatible with next-generation M-Code military GPS that are resistant to jamming and spoofing. MicroGRAM-M is the world’s smallest, lightest and most power-efficient GPS receiver for size constrained and other micro-applications.
  • In Aug 2021, Honeywell and InfiniDome collaborated on the development and delivery of GPS signal protection systems for commercial and military vehicles, including aircraft, urban air mobility (UAM) and unmanned aircraft systems (UAS) and surface vehicles. 

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1. GPS Receiver Market Overview
    1.1 Definitions and Scope
2. GPS Receiver Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Component 
    2.3 Key trends By Deployment Mode 
    2.4 Key trends By Organization Size 
    2.5 Key trends By Analytics Type 
    2.6 Key trends By Industry Verticals 
    2.7 Key trends segmented by Geography
3. GPS Receiver Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions) 
4. GPS Receiver Market - Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. GPS Receiver Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. GPS Receiver Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers 
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. GPS Receiver Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. GPS Receiver Market – By Type (Market Size -$Million/Billion)
    8.1 Survey
    8.2 Precision
9. GPS Receiver Market – By Application (Market Size -$Million/Billion)
    9.1 Automobiles
    9.2 Aviation
    9.3 Industrial Machinery
    9.4 Maritime
    9.5 Mining and Agriculture
    9.6 Oil and Gas
    9.7 Telecommunication
    9.8 Others
10. GPS Receiver Market – By Geography (Market Size -$Million/Billion) 
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
        10.1.4 Rest of North America 
    10.2 South America 
        10.2.1 Brazil
        10.2.2 Venezuela
        10.2.3 Argentina
        10.2.4 Ecuador
        10.2.5 Peru
        10.2.6 Colombia
        10.2.7 Costa Rica
        10.2.8 Rest of South America
    10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 UK
        10.3.4 Italy
        10.3.5 Netherlands 
        10.3.6 Belgium 
        10.3.7 Denmark 
        10.3.8 Spain
        10.3.9 ROE 
    10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 South Korea
        10.4.4 India
        10.4.5 Australia
        10.4.6 Taiwan 
        10.4.7 Malaysia 
        10.4.8 Hong Kong 
        10.4.9 Rest of APAC 
    10.5 Rest of World (RoW)
        10.5.1 Middle East
            10.5.1.1 Israel 
            10.5.1.2 Saudi Arabia 
            10.5.1.3 UAE
        10.5.2 Africa 
        10.5.2.1 South Africa 
        10.5.2.2 Rest of Middle East & Africa 
11. GPS Receiver Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. GPS Receiver Market - Industry / Segment Competition landscape Premium Premium
    12.1 Market Share Analysis
        12.1.1 Market Share by Country- Top companies
        12.1.2 Market Share by Region- Top 10 companies
        12.1.3 Market Share by type of Application - Top 10 companies
        12.1.4 Market Share by type of Product / Product category- Top 10 companies
        12.1.5 Market Share at global level - Top 10 companies
        12.1.6 Best Practises for companies
13. GPS Receiver Market - Key Company List by Country Premium Premium
14. GPS Receiver Market - Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 U-blox
    14.3 STMicroelectronics
    14.4 Broadcom
    14.5 Esterline Technologies
    14.6 Honeywell International
    14.7 Qualcomm
    14.8 Trimble Inc.
    14.9 Hexagon AB
    14.10 Topcon Positioning Systems Inc.
    14.11 Geneq Inc.
    "*Financials would be provided on a best-efforts basis for private companies" 

LIST OF TABLES

1.Global Mid & High Level Precision GPS Market By Type Market 2019-2024 ($M)
1.1 Differential Grade Market 2019-2024 ($M) - Global Industry Research
1.2 Survey Grade Market 2019-2024 ($M) - Global Industry Research
2.Global Mid & High Level Precision GPS Market By Type Market 2019-2024 (Volume/Units)
2.1 Differential Grade Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Survey Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Mid & High Level Precision GPS Market By Type Market 2019-2024 ($M)
3.1 Differential Grade Market 2019-2024 ($M) - Regional Industry Research
3.2 Survey Grade Market 2019-2024 ($M) - Regional Industry Research
4.South America Mid & High Level Precision GPS Market By Type Market 2019-2024 ($M)
4.1 Differential Grade Market 2019-2024 ($M) - Regional Industry Research
4.2 Survey Grade Market 2019-2024 ($M) - Regional Industry Research
5.Europe Mid & High Level Precision GPS Market By Type Market 2019-2024 ($M)
5.1 Differential Grade Market 2019-2024 ($M) - Regional Industry Research
5.2 Survey Grade Market 2019-2024 ($M) - Regional Industry Research
6.APAC Mid & High Level Precision GPS Market By Type Market 2019-2024 ($M)
6.1 Differential Grade Market 2019-2024 ($M) - Regional Industry Research
6.2 Survey Grade Market 2019-2024 ($M) - Regional Industry Research
7.MENA Mid & High Level Precision GPS Market By Type Market 2019-2024 ($M)
7.1 Differential Grade Market 2019-2024 ($M) - Regional Industry Research
7.2 Survey Grade Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Gps Receiver Market Revenue, 2019-2024 ($M)
2.Canada Gps Receiver Market Revenue, 2019-2024 ($M)
3.Mexico Gps Receiver Market Revenue, 2019-2024 ($M)
4.Brazil Gps Receiver Market Revenue, 2019-2024 ($M)
5.Argentina Gps Receiver Market Revenue, 2019-2024 ($M)
6.Peru Gps Receiver Market Revenue, 2019-2024 ($M)
7.Colombia Gps Receiver Market Revenue, 2019-2024 ($M)
8.Chile Gps Receiver Market Revenue, 2019-2024 ($M)
9.Rest of South America Gps Receiver Market Revenue, 2019-2024 ($M)
10.UK Gps Receiver Market Revenue, 2019-2024 ($M)
11.Germany Gps Receiver Market Revenue, 2019-2024 ($M)
12.France Gps Receiver Market Revenue, 2019-2024 ($M)
13.Italy Gps Receiver Market Revenue, 2019-2024 ($M)
14.Spain Gps Receiver Market Revenue, 2019-2024 ($M)
15.Rest of Europe Gps Receiver Market Revenue, 2019-2024 ($M)
16.China Gps Receiver Market Revenue, 2019-2024 ($M)
17.India Gps Receiver Market Revenue, 2019-2024 ($M)
18.Japan Gps Receiver Market Revenue, 2019-2024 ($M)
19.South Korea Gps Receiver Market Revenue, 2019-2024 ($M)
20.South Africa Gps Receiver Market Revenue, 2019-2024 ($M)
21.North America Gps Receiver By Application
22.South America Gps Receiver By Application
23.Europe Gps Receiver By Application
24.APAC Gps Receiver By Application
25.MENA Gps Receiver By Application