Europe High Precision GNSS Board and Module Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
The Europe High Precision GNSS (Global Navigation Satellite System) Board and Module Market is rapidly expanding, driven by increasing demand for accurate location data across industries. These boards and modules play a crucial role in providing precise positioning data, which is vital in sectors such as agriculture, transportation, defense, and construction. The requirement for high-precision GNSS systems has surged as industries demand more accurate and reliable positioning for critical applications.
High Precision GNSS systems are designed to offer superior accuracy compared to traditional GNSS systems. These systems are essential in applications where even small deviations can result in significant consequences. For example, in the agriculture sector, GNSS technology enables precision farming techniques, allowing farmers to improve crop yields and reduce resource consumption. Similarly, in construction and surveying, GNSS systems help professionals create accurate maps and blueprints with minimal error, ensuring projects are completed efficiently.
The market demand for these systems is also being fueled by the increasing adoption of autonomous vehicles. Self-driving cars rely heavily on high-precision GNSS to navigate with accuracy and ensure safety. Additionally, the defense industry uses GNSS systems to enhance operational capabilities in various military applications, including navigation, reconnaissance, and missile guidance.
As the market continues to grow, manufacturers are focusing on developing innovative GNSS solutions with advanced features. These include multi-frequency GNSS boards that can access signals from multiple satellites, improving positioning accuracy in challenging environments. Another significant trend is the miniaturization of GNSS modules, making them more adaptable and cost-effective for various applications.
The increasing need for precision in industries such as transportation, defense, and agriculture is contributing to the growth of the Europe High Precision GNSS Board and Module Market. As companies seek better positioning solutions, the demand for these boards and modules is set to continue rising, driven by the necessity for more accurate, reliable, and cost-effective systems. The market is witnessing the integration of GNSS with other technologies such as 5G and AI, further pushing its capabilities and applications across different industries.
The importance of high-precision GNSS systems extends beyond traditional uses. It plays a key role in environmental monitoring, disaster management, and scientific research, further reinforcing the need for precise positioning data. As the industry evolves, the future of GNSS technology looks promising, with continuous advancements in accuracy, miniaturization, and integration with other modern technologies.
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ComNav Technology
UNICORE COMMUNICATIONS
INC.
Trimble
NovAtel
STMicroelectronics
u-blox
SiRF
Chengdu Guoxing Communication
Jiangsu Mingwei Wansheng Technology Co.
Ltd.
Shanghai Huace Navigation Technology
Hi-Target
Hunan Bynav Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe High Precision GNSS Board and Module Market
High Precision GNSS Board
High Precision GNSS Module
L1
L2
L5
Multi-frequency
Agriculture
Construction
Aerospace & Defense
Automotive
Surveying
Mapping
RTK (Real-Time Kinematic)
PPP (Precise Point Positioning)
SBAS (Satellite-Based Augmentation System)
GNSS + INS (Inertial Navigation System)
Government & Defense
Commercial
Industrial
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe High Precision GNSS Board and Module Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe High Precision GNSS Board and Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe High Precision GNSS Board and Module Market, By Type
6. Europe High Precision GNSS Board and Module Market, By Application
7. Europe High Precision GNSS Board and Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe High Precision GNSS Board and Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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