DUBLIN, May 05, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/mtz2n7/mid_and_high) has announced the addition of the "Mid and High Level Precision GPS Market by Type, Application and Geography - Global Forecast to 2020" report to their offering.
The mid and high level precision GPS market is expected to reach $3.09 billion by 2020, growing at a CAGR of 16.36% between 2015 and 2020.
The mid and high level precision GPS market is divided based on the type of grade used into differential grade and survey grade GPS. The deployment of GPS technology has expanded across numerous disciplines, yet faces challenges on some fronts. Typically, GPS receivers are divided into one of two broad categories based on their measurement accuracy and capabilities: survey and differential grade. The technological advancements in the high precision segment of the GPS market with respect to accuracy, reliability, and price reduction has driven the market to expand into numerous applications. With the technological innovations, the receivers can be used to achieve position accuracies down to few millimeters for various applications such as precision farming, mining, construction, oil & gas, marine, and more.
This report covers the vital driving and restraining factors for this market. The growth of the mid and high level precision GPS market is being triggered by ongoing developments to improve the overall GPS infrastructure, technological advancements and GPS augmentation, availability of more cost effective GPS solutions, and more. However, heavy reliance on the availability of satellites, and slow market acceptance for new technologies are acting as an obstacle to the growth of the market.
The worldwide market for mid and high level precision GPS is segmented into the North America, Europe, APAC, and RoW. This report profiles the major companies which contribute significantly to this market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Analysis
7 Mid and High Level Precision GPS Market, By Type
8 Mid and High Level Precision GPS Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Geneq Inc.
- Hemisphere Gnss, Inc.
- Hexagon AB
- Javad Gnss, Inc.
- Leica Geosystems AG
- Navcom Technology, Inc.
- Septentrio Satellite Navigation NV
- Sokkia Topcon Co., Ltd.
- Spectra Precision Inc.
- Topcon Positioning Systems Inc.
- Trimble Navigation Ltd.
For more information visit http://www.researchandmarkets.com/research/mtz2n7/mid_and_high
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SOURCE Research and Markets