CNH completes purchase of Hemisphere GNSS, consolidates tech capabilities, ET Auto
This development strengthens CNH’s position as a leading technology provider for agriculture and construction, CNH said.
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This development strengthens CNH’s position as a leading technology provider for agriculture and construction, CNH said.
CNH Industrial announced that it has entered into an agreement to purchase Hemisphere GNSS (Hemisphere), a global leader in high-performance satellite positioning technology, currently owned by Unistrong, a company incorporated in the People’s Republic of China.
Share this article Share this article ResearchAndMarkets.com's offering. The global mid-and high-level precision GPS receiver market size is expected to grow from USD 2.7 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.6%. The growth of this market is mainly driven by ongoing developments to improve overall GPS infrastructure, increasing adoption of GPS receivers in construction industry, rising technological advancements and GPS augmentation systems, and growing availability of more cost-effective GPS solutions. However, factors such as slow market acceptance for new technologies,...