Discover trends, market shifts, and competitive outlooks for the high-precision gnss receiver industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the High-Precision GNSS Receiver Market In 2029?

The market size for high-precision GNSS receivers has experienced significant growth recently. The forecast suggests a rise from $1.42 billion in 2024 to $1.55 billion in 2025, representing a compound annual growth rate (CAGR) of 9.5%. The surge during the historical period can be credited to its escalating demand in robotics, substantial consumption for urban planning needs, utilization in scientific studies, the demand from the construction sector, and its growing use in mapping and surveying applications.

Anticipations for the market size of high-precision GNSS receiver are bullish, with significant growth predicted in the forthcoming years. By 2029, it is forecasted to rise to $2.09 billion, showcasing a compound annual growth rate (CAGR) of 7.8%. The projected growth within this period is largely driven by escalating demand for autonomous vehicles, the increasing application in marine navigation and increased needs for environmental monitoring solutions. Other drivers include demand for satellite-based positioning services and the need for regulatory support and integration. Key trends anticipated during the forecast period include the upswing in autonomous vehicles and drones, the broadening of precision agriculture, notable advancements in real-time kinematic (RTK) technology, the swelling demand for smart infrastructure, and the forthcoming integration with 5G networks.

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What Are the Core Growth Drivers Propelling the High-Precision GNSS Receiver Market Forward?

The expansion of the mining industry is anticipated to drive the evolution of the high-precision GNSS receiver market. The mining industry encompasses activities that involve the exploration and extraction of valuable minerals, metals, and other geological substances from the earth. A shift towards renewable energy sources such as solar panels, wind turbines, and electric vehicles, demands a substantial amount of minerals and metals. In this regard, high-precision GNSS receivers are utilized in the mining sector to increase operational efficiency, safety, and productivity by delivering precise positioning and geospatial data for different applications, thus facilitating better decision-making processes. As a case in point, a report by the United States Geological Survey, a US government agency, highlighted in February 2023, that US mines produced about $98.2 billion in nonfuel mineral commodities in 2022, a $3.6 billion (3.8%) increase from the 2021 estimated total of $94.6 billion. Therefore, the rapidly growing mining industry is propelling the evolution of the high-precision GNSS receiver market.

What Segment Types Define the High-Precision GNSS Receiver Market Structure?

The high-precision GNSS receiver market covered in this report is segmented –

1) By Product: Core Satellite Navigation Systems, Regional Satellite Navigation Systems, Satellite – Based Augmentation Systems (SABS)

2) By Component: Devices, Services

3) By Application: Survey And Mapping, Astronomy, Military And Defense, Agriculture, Other Applications

Subsegments:

1) By Core Satellite Navigation Systems: GPS (Global Positioning System), GLONASS (Global Navigation Satellite System), Galileo, BeiDou

2) By Regional Satellite Navigation Systems: WAAS (Wide Area Augmentation System), EGNOS (European Geostationary Navigation Overlay Service), MSAS (Multi-functional Satellite Augmentation System), GAGAN (GPS Aided Geo Augmented Navigation)

3) By Satellite-Based Augmentation Systems (SBAS): Local Area Augmentation Systems (LAAS), Differential GPS (DGPS), Ground-Based Augmentation Systems (GBAS)

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Which Geographic Areas Hold the Strongest Growth Potential in the High-Precision GNSS Receiver Market?

Asia-Pacific was the largest region in the high-precision GNSS receiver market in 2024. The regions covered in the high-precision gnss receiver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Emerging Trends that Are Influencing the High-Precision GNSS Receiver Industry Evolution?

Major firms in the high-precision GNSS receiver sector have been concentrating on introducing breakthrough technology innovations like the dead reckoning (DR) functionalities to ensure the authenticity of positional accuracy, enhance the durability of signals, and aid navigation in demanding environments. DR uses previous location data and movement sensors to calculate position changes, offering accurate tracking when GNSS signals are inadequate. As an illustration, the QLM29H series GNSS receiver was launched by Quectel Wireless Solutions Co. Ltd., a company based in China that provides IoT solutions, in September 2024. This receiver is a fusion of high-precision localization and easy integration. The two-band QLM29H, supporting both L1 and L5 signals, is compatible with numerous GNSS constellations such as GPS, GLONASS, Galileo, etc. Fitted with filters that enhance sensitivity, this receiver works well with legacy systems and can operate efficiently in temperatures ranging from -40°C to +85°C. These qualities make it perfectly suited for use in agricultural and micromobility applications.

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What Is the Definition of the High-Precision GNSS Receiver Market?

A high-precision GNSS (Global Navigation Satellite System) receiver is a device designed to receive signals from satellites. These receivers utilize advanced algorithms and technologies to achieve centimeter-level or even millimeter-level accuracy in positioning.

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