The Worldwide Mid-and High-Level Precision GPS Receiver Industry is Expected to Reach $4 Billion by 2026
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,...
Source: prnewswire.com