GNSS Corrections & Positioning Services Market Analysis, Forecast and Competetive Landscape

GNSS Corrections & Positioning Services Market Size Analysis

In the year 2021, the global market for GNSS correction and positioning services was $2,077 million. The market revenue is expected to witness a compounded annual growth of 10.5% in the coming years and reach a revenue size of $3,781 million by the year 2027. The research report titled “GNSS Corrections and Positioning Services Market, Business and Opportunity Analysis” published by Datavagyanik presents a detailed analysis of the GNSS Corrections and Positioning Services market with country-wise market statistics, qualitative insights, and market player analysis. One of the prime objectives of the report is to provide an assessment of the market potential, market revenue, total subscriptions, growth and business opportunities for GNSS Corrections and Positioning Services Market in each country.

Types of GNSS Correction & Positioning Services

• RTK Correction Service
  Real-Time Kinematic positioning (RTK) is a method to enhance the precision of position data derived from satellite-based positioning systems. RTK works through a network of local stations disbursed throughout countries. Single Base RTK provides correction from either a specific reference station or the nearest one, whereas Network RTK (RTN) delivers the correction from a number of stations in a local network. RTK is the first choice for those users who require very high accuracy at high speeds.
• PRECISE POINT POSITIONING (PPP) Correction Services
  Precise Point Positioning (PPP) is a method to calculate precise positions using a single receiver in a global reference framework. PPP uses a single GNSS receiver, unlike standard RTK methods, which use a temporarily fixed base receiver in the field. PPP technology is relatively cheaper than the RTK technology, however, the accuracy level is lower and the convergence time is significantly higher than the RTK service.
• RTK PPP HYBRID Correction Services
  PPP-RTK GNSS corrections services (sometimes also referred to as state-space representation (SSR) correction services) deliver high accuracy (close to that of RTK) and quick initialization times with the broadcast nature of PPP. Like PPP-based solutions, they rely on a model of GNSS errors with broad geographical validity and broadcast the different GNSS error components (or states) using one-way communication. The GNSS receivers then compute the GNSS corrections for their specific location.

Insights depicted in the GNSS Corrections & Positioning Services Market Research Report

• GNSS Corrections and Positioning Services market revenue and demand by countries
• Break-down of the GNSS Corrections and Positioning Services market in terms of application areas, target customers and other potential market segments
• Areas that are relatively more potential and are faster growing
• GNSS Corrections and Positioning Services market competitive scenario, market share analysis
• GNSS Corrections and Positioning Services market business opportunity analysis

 

Global & Country level GNSS Corrections & Positioning Services Market Statistics

• Global and Country-Wise GNSS Corrections and Positioning Services Market Size ($Million) and Forecast – (till 2030)
• Global and Country-Wise GNSS Corrections and Positioning Services Market Trend Analysis
• Global and Country-Wise GNSS Corrections and Positioning Services Market Business Opportunity Assessment

GNSS Correction & Positioning Services Market By Application

In the past six years, there are some application areas that have picked up very fast, for example, precision farming and machine control. The rising popularity of precision agriculture and growing demand for machine automation & control in industries like construction, mining, and robotics are among the major growth drivers for this market. The overall precision agriculture industry has grown by 3 times since 2015, creating demand for related technologies, machines, and services.

Apart from this, the automotive industry is expected to emerge as one of the most potential end-users of GNSS positioning and correction services in the next three to five years. This will be on account of increasing application in modern vehicles equipped with advanced driver assistance, semi-autonomous and autonomous driving features. Lane-level guidance features are becoming popular in smart cars. Many cars have started using GNSS correction along with sensors to help vehicles find and stay in the correct lane and to provide the driver with detailed lane-level guidance. New startups are emerging who are offering specific correction services for the automotive industry and self-driving vehicles.

Each Region & Country has been analyzed:

This market research report on the GNSS Corrections and Positioning Services market presents a regional as well as country-level analysis. The regions covered in the report are – North America, Europe, Asia Pacific and Rest of the World. In these four regions, all the countries have been covered in detail with information on GNSS Corrections and Positioning Services market size, trends and forecast.

The report covers GNSS Corrections and Positioning Services market revenue and forecast for the period (2022 – 2030), by regions, (further split into countries):

• North America (United States, Canada, Mexico)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, Vietnam, Rest of APAC)
• Europe (UK, Germany, France, Italy, Spain, Benelux, Poland, Rest of Europe)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa

GNSS CORRECTIONS AND POSITIONING SERVICES MARKET REVENUE ($MILLION), AND FORECAST, till 2030

*Note – Country level break-down has been covered in the report

GNSS Corrections & Positioning Service Providers Competetive Analysis

• Company overview, portfolio analysis, market share, and target customers
• Estimated segment revenue, Total number of Subscriptions, and relative positioning in GNSS Correction & Positioning Services Market.
• Business and growth strategies

Top 10 GNSS Correction and Positioning Service Providers

• Trimble Inc.
• HxGN Smartnet
• NovAtel Inc.
• Omnistar
• u-blok (sapcorda)
• Hemisphere Gnss Inc.
• Topcon Corp
• Fugro
• Teria
• Swift Navigation

GNSS Corrections & Positioning Services Market Research Methodology

An entire data collection and validation framework are followed by Datavagyanik to provide customers with authentic information on GNSS Corrections & Positioning Services.  GNSS Industry experts across various countries were consulted to understand market trends and demand patterns. The same is done through paid interviews and surveys.

Our analysts are experts in studying market patterns, mining data, and extracting useful information from different paid as well as freely available sources. Datavagyanik has an exhaustive internal database with information on markets, market players, and other macro and micro economic indicators that impact the GNSS industry.

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