The GPS Receiver Market is expected to register a CAGR of 8.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Differential Grade, Survey Grade); Application (Precision Farming, Mining, Defense, Construction, Oil and Gas, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report GPS Receiver Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
GPS Receiver Market Segmentation
Type- Differential Grade
- Survey Grade
- Precision Farming
- Mining
- Defense
- Construction
- Oil and Gas
Strategic Insights
GPS Receiver Market Growth Drivers- Increasing Demand for Safety and Efficiency: The growing need for improved safety and operational efficiency in railways is a primary driver for the rail control system market. Rail control systems, such as signaling and communication technologies, enhance train safety, reduce accidents, and optimize train schedules. As rail transport becomes a more critical part of global infrastructure, ensuring safe, reliable, and efficient operations is paramount.
- Government Investments in Rail Infrastructure: Governments worldwide are investing heavily in modernizing and expanding rail infrastructure. This includes upgrading rail control systems to improve traffic management, minimize delays, and increase capacity. These investments align with the global push for sustainable and efficient transportation systems, fueling demand for advanced rail control solutions.
- Integration with IoT and Wearables: A prominent trend in the GPS receiver market is its integration with Internet of Things (IoT) devices and wearables. GPS receivers are being incorporated into smartwatches, fitness trackers, and other connected devices to enable real-time location tracking for personal safety, health monitoring, and fitness purposes. This trend is fueling demand for GPS receivers in consumer electronics and health-tech applications, leading to market diversification.
- Advancement in Dual-Frequency GPS Receivers: Dual-frequency GPS receivers, which utilize both L1 and L2 bands, are gaining traction due to their increased accuracy and faster location acquisition times. These receivers can provide more precise positioning, especially in challenging environments like urban canyons or dense forests. As industries demand more reliable and accurate GPS data, dual-frequency technology is becoming a key trend, especially in surveying, geospatial, and autonomous navigation systems.
- Growth in Autonomous Vehicle Development: The development of autonomous vehicles presents a significant opportunity for the GPS receiver market. Accurate, real-time positioning is critical for self-driving cars to navigate safely and efficiently. GPS receivers, when combined with other sensors, can provide the precise location data necessary for autonomous systems, driving substantial demand in the automotive sector.
- Expansion in Agriculture and Precision Farming: GPS receivers are increasingly being adopted in the agriculture industry for precision farming. By providing accurate geolocation data, GPS systems help optimize planting, irrigation, and harvesting processes. Farmers use GPS receivers for machinery guidance, reducing waste and improving crop yields. The growing demand for sustainable farming practices presents an opportunity for GPS technology to further integrate into agricultural solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the GPS Receiver Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the GPS Receiver Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Convergence of multiple satellite navigation systems is anticipated to play a significant role in the global GPS receiver market in the coming years.
Technological advancements in positioning accuracy and growing smartphone and wearable technology integration are the major factors driving the GPS receiver market.
The global GPS receiver market is expected to grow at a CAGR of 8.4% during the forecast period 2024 - 2031.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1GPS Receiver Market - By Type
1.3.2GPS Receiver Market - By Application
1.3.3GPS Receiver Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.GPS RECEIVER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.GPS RECEIVER MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.GPS RECEIVER MARKET - GLOBAL MARKET ANALYSIS
6.1.GPS RECEIVER - GLOBAL MARKET OVERVIEW
6.2.GPS RECEIVER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.GPS RECEIVER MARKET - REVENUE AND FORECASTS TO 2028- TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.DIFFERENTIAL GRADE
7.3.1.Overview
7.3.2.Differential Grade Market Forecast and Analysis
7.4.SURVEY GRADE
7.4.1.Overview
7.4.2.Survey Grade Market Forecast and Analysis
8.GPS RECEIVER MARKET - REVENUE AND FORECASTS TO 2028- APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PRECISION FARMING (AGRICULTURE)
8.3.1.Overview
8.3.2.Precision Farming (Agriculture) Market Forecast and Analysis
8.4.MINING
8.4.1.Overview
8.4.2.Mining Market Forecast and Analysis
8.5.CONSTRUCTION
8.5.1.Overview
8.5.2.Construction Market Forecast and Analysis
8.6.OIL AND GAS
8.6.1.Overview
8.6.2.Oil and Gas Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.GPS RECEIVER MARKET REVENUE AND FORECASTS TO 2028- GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America GPS Receiver Market Overview
9.1.2North America GPS Receiver Market Forecasts and Analysis
9.1.3North America GPS Receiver Market Forecasts and Analysis - By Type
9.1.4North America GPS Receiver Market Forecasts and Analysis - By Application
9.1.5North America GPS Receiver Market Forecasts and Analysis - By Countries
9.1.5.1United States GPS Receiver Market
9.1.5.1.1United States GPS Receiver Market by Type
9.1.5.1.2United States GPS Receiver Market by Application
9.1.5.2Canada GPS Receiver Market
9.1.5.2.1Canada GPS Receiver Market by Type
9.1.5.2.2Canada GPS Receiver Market by Application
9.1.5.3Mexico GPS Receiver Market
9.1.5.3.1Mexico GPS Receiver Market by Type
9.1.5.3.2Mexico GPS Receiver Market by Application
9.2.EUROPE
9.2.1Europe GPS Receiver Market Overview
9.2.2Europe GPS Receiver Market Forecasts and Analysis
9.2.3Europe GPS Receiver Market Forecasts and Analysis - By Type
9.2.4Europe GPS Receiver Market Forecasts and Analysis - By Application
9.2.5Europe GPS Receiver Market Forecasts and Analysis - By Countries
9.2.5.1Germany GPS Receiver Market
9.2.5.1.1Germany GPS Receiver Market by Type
9.2.5.1.2Germany GPS Receiver Market by Application
9.2.5.2France GPS Receiver Market
9.2.5.2.1France GPS Receiver Market by Type
9.2.5.2.2France GPS Receiver Market by Application
9.2.5.3Italy GPS Receiver Market
9.2.5.3.1Italy GPS Receiver Market by Type
9.2.5.3.2Italy GPS Receiver Market by Application
9.2.5.4United Kingdom GPS Receiver Market
9.2.5.4.1United Kingdom GPS Receiver Market by Type
9.2.5.4.2United Kingdom GPS Receiver Market by Application
9.2.5.5Russia GPS Receiver Market
9.2.5.5.1Russia GPS Receiver Market by Type
9.2.5.5.2Russia GPS Receiver Market by Application
9.2.5.6Rest of Europe GPS Receiver Market
9.2.5.6.1Rest of Europe GPS Receiver Market by Type
9.2.5.6.2Rest of Europe GPS Receiver Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific GPS Receiver Market Overview
9.3.2Asia-Pacific GPS Receiver Market Forecasts and Analysis
9.3.3Asia-Pacific GPS Receiver Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific GPS Receiver Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific GPS Receiver Market Forecasts and Analysis - By Countries
9.3.5.1Australia GPS Receiver Market
9.3.5.1.1Australia GPS Receiver Market by Type
9.3.5.1.2Australia GPS Receiver Market by Application
9.3.5.2China GPS Receiver Market
9.3.5.2.1China GPS Receiver Market by Type
9.3.5.2.2China GPS Receiver Market by Application
9.3.5.3India GPS Receiver Market
9.3.5.3.1India GPS Receiver Market by Type
9.3.5.3.2India GPS Receiver Market by Application
9.3.5.4Japan GPS Receiver Market
9.3.5.4.1Japan GPS Receiver Market by Type
9.3.5.4.2Japan GPS Receiver Market by Application
9.3.5.5South Korea GPS Receiver Market
9.3.5.5.1South Korea GPS Receiver Market by Type
9.3.5.5.2South Korea GPS Receiver Market by Application
9.3.5.6Rest of Asia-Pacific GPS Receiver Market
9.3.5.6.1Rest of Asia-Pacific GPS Receiver Market by Type
9.3.5.6.2Rest of Asia-Pacific GPS Receiver Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa GPS Receiver Market Overview
9.4.2Middle East and Africa GPS Receiver Market Forecasts and Analysis
9.4.3Middle East and Africa GPS Receiver Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa GPS Receiver Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa GPS Receiver Market Forecasts and Analysis - By Countries
9.4.5.1South Africa GPS Receiver Market
9.4.5.1.1South Africa GPS Receiver Market by Type
9.4.5.1.2South Africa GPS Receiver Market by Application
9.4.5.2Saudi Arabia GPS Receiver Market
9.4.5.2.1Saudi Arabia GPS Receiver Market by Type
9.4.5.2.2Saudi Arabia GPS Receiver Market by Application
9.4.5.3U.A.E GPS Receiver Market
9.4.5.3.1U.A.E GPS Receiver Market by Type
9.4.5.3.2U.A.E GPS Receiver Market by Application
9.4.5.4Rest of Middle East and Africa GPS Receiver Market
9.4.5.4.1Rest of Middle East and Africa GPS Receiver Market by Type
9.4.5.4.2Rest of Middle East and Africa GPS Receiver Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America GPS Receiver Market Overview
9.5.2South and Central America GPS Receiver Market Forecasts and Analysis
9.5.3South and Central America GPS Receiver Market Forecasts and Analysis - By Type
9.5.4South and Central America GPS Receiver Market Forecasts and Analysis - By Application
9.5.5South and Central America GPS Receiver Market Forecasts and Analysis - By Countries
9.5.5.1Brazil GPS Receiver Market
9.5.5.1.1Brazil GPS Receiver Market by Type
9.5.5.1.2Brazil GPS Receiver Market by Application
9.5.5.2Argentina GPS Receiver Market
9.5.5.2.1Argentina GPS Receiver Market by Type
9.5.5.2.2Argentina GPS Receiver Market by Application
9.5.5.3Rest of South and Central America GPS Receiver Market
9.5.5.3.1Rest of South and Central America GPS Receiver Market by Type
9.5.5.3.2Rest of South and Central America GPS Receiver Market by Application
10. INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.GPS RECEIVER MARKET, KEY COMPANY PROFILES
11.1.GENEQ INC.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.HEMISPHERE GNSS, INC.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.HEXAGON AB
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.JAVAD GNSS, INC.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.LEICA GEOSYSTEMS AG
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.NAVCOM TECHNOLOGY, INC.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.SEPTENTRIO SATELLITE NAVIGATION NV
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SOKKIA TOPCON CO., LTD.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SPECTRA PRECISION INC.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TRIMBLE NAVIGATION LTD.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Geneq Inc.
2. Hemisphere Gnss, Inc.
3. Hexagon AB
4. Javad Gnss, Inc.
5. Leica Geosystems AG
6. Navcom Technology, Inc.
7. Septentrio Satellite Navigation NV
8. Sokkia Topcon Co., Ltd.
9. Spectra Precision Inc.
10. Trimble Navigation Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For