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Global Mid and High Level Precision GPS Industry (2020 to 2027) - Market Trends & Drivers

Research and Markets
·2 min read

Dublin, Jan. 14, 2021 (GLOBE NEWSWIRE) -- The "Mid and High Level Precision GPS - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Mid and High Level Precision GPS Market to Reach $7.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Mid and High Level Precision GPS estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2027, growing at a CAGR of 16.2% over the period 2020-2027.

Differential Grade, one of the segments analyzed in the report, is projected to record 18% CAGR and reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Survey Grade segment is readjusted to a revised 11.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $764.6 Million, While China is Forecast to Grow at 15.4% CAGR

The Mid and High Level Precision GPS market in the U.S. is estimated at US$764.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 15.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 13.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR.

Competitors identified in this market include, among others:

  • Geneq Inc.

  • Hemisphere GNSS, Inc.

  • Hexagon AB

  • Javad Gnss, Inc.

  • Leica Geosystems AG

  • NavCom Technology, Inc.

  • Septentrio N. V.

  • Sokkia Topcon Co., Ltd.

  • Spectra Geospatial

  • Topcon Positioning Systems, Inc.

  • Trimble Navigation Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Mid and High Level Precision GPS Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/ipwtqv

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900