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Investment Prospects in the Growing Mid-and High-Level Precision GPS Receiver

Mid-and high-level precision GPS Receiver Market expected to grow from USD 2.7 billion in 2021 to USD 4.0 billion by 2026; at a CAGR of 8.6%

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Investment Prospects in the Growing Mid-and High-Level Precision GPS Receiver

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  1. MarketsandMarkets Presents The Global Mid-and High-Level Precision GPS Receiver Market Size is expected to grow from USD 2.7 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.6%. The growth of this market is driven mainly by growing adoption of GPS receivers in construction industry, rising technological advancements and GPS augmentation system, rising ongoing development to improve overall GPS infrastructure, and growing availability of more cost- effective GPS solutions.

  2. MarketsandMarkets Presents Mining Industry is estimated to hold the largest growth rate of the Mid-and High-Level Precision GPS Receiver Market during the forecast period. The mining industry is expected to held the largest CAGR of the Mid-and High-Level Precision GPS Receiver Market during the forecast period. GPS finds various applications in the mining industry, including surveying and mapping land, blasthole drilling; shovels, dozers, loaders, and graders; haul truck fleet, vehicle tracking & dispatch, and GNSS surveying. These systems in mining are implemented using Real-time Kinematics (RTK) or differential GPS in order to increase the accuracy required for mining activities. Download PDF Sample @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16694890 1

  3. MarketsandMarkets Presents Mid-and High-Level Precision GPS Receiver for survey grade type to grow at highest CAGR from 2021 to 2026 Survey-grade GPS receivers are used to position road construction, survey markers, and buildings. These receivers are designed to achieve constant network accuracy in real time or static mode There is an increasing adoption of survey grade in industries such as agriculture and construction as it provides accurate positioning. Rising construction activities across the world is estimated to fuel the demand for the survey-grade segment in the coming years. These receivers are more expensive and more accurate positioning devices as compared to differential-grade GPS receivers.

  4. MarketsandMarkets Presents The Mid-and High-Level Precision GPS Receiver Market in APAC is expected to grow at the highest CAGR from 2021 to 2026 APAC is expected to hold the largest growth rate of the Global Mid-and High-Level Precision GPS Receiver Market during the forecast period. The growth of GPS receivers in the region is attributed to the growing agriculture (precision farming) industry as well as rising infrastructure development. GPS receivers are highly used in both construction and farming activities. However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have highly impacted the growth of the market, eventually impacting the economy.

  5. MarketsandMarkets Presents Countries such as China and Japan are witnessing increasing demand for the GPS Receiver Market. Rising population in APAC countries is also increasing air and rail traffic, which is driving the demand for GPS receivers. In Australia, the mid- and high- level precision GPS is basically used for precision farming applications. Australia is one of the leading countries in the adoption of precision farming techniques after the US and Canada. Australia has helped lead the way in the application of Precision Agriculture (PA) or satellite farming, which allows farmers to cater to the variability of their lands.

  6. MarketsandMarkets Presents Market in APAC estimated to have largest share during forecast period APAC has emerged as a global focal point for large investments and business expansion opportunities. The region represents the fastest- growing market worldwide for thermoelectric modules. The increased demand for waste heat recovery, consumer goods, industrial automation, and healthcare monitoring devices is expected to drive this market in the region. APAC has a large consumer electronics industry consisting of countries such as China, Japan, and South Korea, which is the largest manufacturer and end user of consumer devices.

  7. MarketsandMarkets Presents Market in APAC estimated to have largest share during forecast period APAC has emerged as a global focal point for large investments and business expansion opportunities. The region represents the fastest- growing market worldwide for thermoelectric modules. The increased demand for waste heat recovery, consumer goods, industrial automation, and healthcare monitoring devices is expected to drive this market in the region. APAC has a large consumer electronics industry consisting of countries such as China, Japan, and South Korea, which is the largest manufacturer and end user of consumer devices.

  8. MarketsandMarkets Presents Key Players Major companies operating in this Mid-and High-Level Precision GPS Receiver Market include Trimble Navigation Ltd. (US), Hexagon AB (Sweden), Topcon Positioning Systems Inc. (US), Hemisphere GNSS, Inc. (US), and Javad GNSS, Inc. (US). Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/mid-high- level-precision-gps-market-166948901.html

  9. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  10. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/mid-high-level- precision-gps.asp

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