High-precision GNSS Receiver Market

High-precision GNSS Receiver Market by Product (Core Satellite Navigation Systems, Regional Satellite Navigation Systems, Satellite-Based Augmentation Systems (SBAS)) by Application (Navigation, Positioning) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for High-precision GNSS Receiver in terms of revenue?

    The global High-precision GNSS Receiver valued at 2.22 Billion in 2020 and is expected to reach 5.54 Billion in 2028 growing at a CAGR of 7.2%

  • Which are the prominent players in the market?

    The prominent players in the market are Broadcom, Texas Instruments, Laird, Cobham, Qualcomm, Hexagon, CSR, Trimble Navigation, Furuno Electric, Rockwell Collins..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 7.2% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the High-precision GNSS Receiver include

    • The increasing current developments to improve overall GNSS receivers infrastructure is expected to augment the demand for the high-precision GNSS receiver market during the forecast period. This is owing to the huge adoption of GNSS receivers in various applications, that rely on the receiver's navigation solution - i.e. receiver computed Position, Velocity and Time (PVT). Advancements in the GNSS system leverages benefits of all the different navigation systems. It provides more access and availability of signals to operators. Furthermore, it also saves time and money by delivering increased location accuracy at enhanced performance. Owing to these the global high-precision GNSS receiver market is expected to grow substantially in the forecast period.
    • The increasing availability of more cost-effective GNSS solutions is anticipated to augment the growth of the high-precision GNSS receiver market in the years to come.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the High-precision GNSS Receiver in 2020.

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