South Korea GPS amp GNSS Receivers Market was valued at USD 3.00 Billion in 2022 and is projected to reach USD 5.00 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea GPS & GNSS receivers market has been experiencing rapid growth in recent years, driven by the increasing demand for high-precision location services across multiple industries. GPS (Global Positioning System) and GNSS (Global Navigation Satellite System) technologies are critical for a wide range of applications, from navigation and mapping to autonomous vehicles and drone operations. These technologies have become indispensable in industries such as agriculture, construction, transportation, and surveying. With advancements in satellite systems and receiver capabilities, the demand for GPS & GNSS receivers in South Korea continues to rise, fueled by the need for accuracy and efficiency in these sectors.
The South Korean market for GPS & GNSS receivers is divided into various types, each designed to meet the specific requirements of different industries. Consumer-grade receivers, often found in mobile devices, automotive systems, and wearable technology, are designed for general navigation. Meanwhile, professional-grade receivers, which provide higher precision and reliability, are used in fields like surveying, geodesy, and agriculture. These high-performance receivers offer centimeter-level accuracy, making them essential for industries that require precise measurements, such as construction and land surveying.
In addition to high-precision needs, industries in South Korea are also increasingly relying on GPS & GNSS receivers for tracking and fleet management. The transportation and logistics industries, for example, use GPS technology to monitor vehicle locations, optimize delivery routes, and enhance fleet efficiency. In agriculture, GNSS receivers are used for precision farming, ensuring accurate planting, irrigation, and harvesting processes, thereby improving crop yields and reducing resource waste.
Another growing trend in South Korea's GPS & GNSS receivers market is the integration of real-time kinematic (RTK) technology. This advanced feature allows for real-time corrections of satellite signals, improving the accuracy of positioning data to within a few millimeters. This is particularly valuable for industries like construction, where precise measurements are crucial for building projects. The adoption of RTK technology has led to an increase in demand for specialized GNSS receivers capable of processing RTK data.
The need for GPS & GNSS receivers in South Korea's industrial sectors is also supported by the government's initiatives to improve infrastructure and boost technological innovation. Investments in smart cities and autonomous vehicle projects further contribute to the growing demand for advanced positioning systems, signaling a promising future for the GPS & GNSS receivers market in the region.
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Trimble
Topcon
Navipedia
SOKKIA
Geo
NavtechGPS
JAVAD GNSS
CHC Navigation
SOUTH
ComNav Technology
Hemisphere GNSS
NovAtel
NavCom Technology
Leica-geosystems
Eos Positioning Systems
NVS Technologies
Suzhou FOIF
Pulse Engineering
CSR
BroadCom
Garmin
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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 South Korea GPS amp GNSS Receivers Market
Handheld GPS Receivers
OEM GPS Receivers
Vehicle-Mounted GPS Receivers
Fixed GPS Receivers
GPS
GLONASS
Galileo
BeiDou
QZSS
Dual Frequency
Automotive
Agriculture
Aerospace & Defense
Marine
Construction
Surveying
Mapping
Telecommunications
Commercial
Government
Industrial
Consumer Electronics
Receiver Unit
Antennas
Chips
Software
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea GPS amp GNSS Receivers 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. South Korea GPS amp GNSS Receivers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea GPS amp GNSS Receivers Market, By Type
6. South Korea GPS amp GNSS Receivers Market, By Application
7. South Korea GPS amp GNSS Receivers Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea GPS amp GNSS Receivers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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