Product Code: MCP13324
What`s New for 2023?
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Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Mid and High Level Precision GPS Market to Reach $5.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Mid and High Level Precision GPS estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$5.8 Billion by 2030, growing at aCAGR of 7.3% over the period 2022-2030. Differential Grade, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$3.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Survey Grade segment is readjusted to a revised 7.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 6.8% CAGR
The Mid and High Level Precision GPS market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Select Competitors (Total 42 Featured) -
- Geneq Inc.
- Hemisphere GNSS, Inc.
- Hexagon AB
- Javad Gnss, Inc.
- Leica Geosystems AG
- NavCom Technology, Inc.
- Septentrio N.V.
- Sokkia Topcon Co., Ltd.
- Spectra Geospatial
- Topcon Positioning Systems, Inc.
- Trimble Navigation Ltd.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Mid and High Level Precision GPS - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 2: World 8-Year Perspective for Mid and High Level Precision GPS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Differential Grade by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 4: World 8-Year Perspective for Differential Grade by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Survey Grade by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 6: World 8-Year Perspective for Survey Grade by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 8: World 8-Year Perspective for Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 9: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 10: World 8-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 12: World 8-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 13: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 14: World 8-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 15: World Mid and High Level Precision GPS Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 16: World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 17: World 8-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- TABLE 18: USA Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 19: USA 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 20: USA Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 21: USA 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- CANADA
- TABLE 22: Canada Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 23: Canada 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 24: Canada Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 25: Canada 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- JAPAN
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- TABLE 26: Japan Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 27: Japan 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 28: Japan Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 29: Japan 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- CHINA
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- TABLE 30: China Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 31: China 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 32: China Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 33: China 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- EUROPE
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- TABLE 34: Europe Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 35: Europe 8-Year Perspective for Mid and High Level Precision GPS by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
- TABLE 36: Europe Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 37: Europe 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 38: Europe Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 39: Europe 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- FRANCE
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- TABLE 40: France Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 41: France 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 42: France Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 43: France 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- GERMANY
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- TABLE 44: Germany Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 45: Germany 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 46: Germany Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 47: Germany 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- ITALY
- TABLE 48: Italy Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 49: Italy 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 50: Italy Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 51: Italy 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- UNITED KINGDOM
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- TABLE 52: UK Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 53: UK 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 54: UK Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 55: UK 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- REST OF EUROPE
- TABLE 56: Rest of Europe Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 57: Rest of Europe 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 58: Rest of Europe Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 59: Rest of Europe 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- ASIA-PACIFIC
- Mid and High Level Precision GPS Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- TABLE 60: Asia-Pacific Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 61: Asia-Pacific 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 63: Asia-Pacific 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
- REST OF WORLD
- TABLE 64: Rest of World Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Type - Differential Grade and Survey Grade - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 65: Rest of World 8-Year Perspective for Mid and High Level Precision GPS by Type - Percentage Breakdown of Value Sales for Differential Grade and Survey Grade for the Years 2023 & 2030
- TABLE 66: Rest of World Recent Past, Current & Future Analysis for Mid and High Level Precision GPS by Application - Mining, Agriculture, Construction, Oil & Gas and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 67: Rest of World 8-Year Perspective for Mid and High Level Precision GPS by Application - Percentage Breakdown of Value Sales for Mining, Agriculture, Construction, Oil & Gas and Other Applications for the Years 2023 & 2030
IV. COMPETITION