The global GNSS Correction Service market was valued at US$ 604 million in 2022 and is projected to reach US$ 970.8 million by 2029, at a CAGR of 7.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global GNSS Correction Service key vendors include Hexagon, Fugro, Oceaneering International, Trimble, UniStrong and Topcon, etc. The top five vendors hold about 45% of the global share. Global core manufacturers are mainly located in Europe, North America, China and Japan. Asia Pacific is the world's largest market with over 35% market share, followed by Europe and North America with 28% and 26% respectively. In terms of products, real-time kinematics (RTK) is the largest segment with a market share of over 45%, followed by precise point positioning (PPP) with about 41%. In terms of applications, the most widespread application is the marine industry, with a share of over 27%.
GNSS Correction Services are products which aim to increase the accuracy of position information. Correction Services are subscriptions to receive data in the field that help position GNSS receivers more accurately without the need to bring a reference station. GNSS Processing services improve measurements taken in the field by correcting them with data from reference points taken at the time of measurement.
This report aims to provide a comprehensive presentation of the global market for GNSS Correction Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding GNSS Correction Service. This report contains market size and forecasts of GNSS Correction Service in global, including the following market information:
Global GNSS Correction Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the GNSS Correction Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global GNSS Correction Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global GNSS Correction Service Market Segment Percentages, by Type, 2022 (%)
RTK
RTK-PPP
PPP
Global GNSS Correction Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global GNSS Correction Service Market Segment Percentages, by Application, 2022 (%)
Agriculture
Construction
GIS and Mapping
Marine
Others
Global GNSS Correction Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global GNSS Correction Service Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies GNSS Correction Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies GNSS Correction Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hexagon
Fugro
Oceaneering International, Inc
Trimble
Beijing UniStrong Science & Technology Co. Ltd.,
Topcon
u-blox
Septentrio N.V.
Outline of Major Chapters:
Chapter 1: Introduces the definition of GNSS Correction Service, market overview.
Chapter 2: Global GNSS Correction Service market size in revenue.
Chapter 3: Detailed analysis of GNSS Correction Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of GNSS Correction Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 GNSS Correction Service Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global GNSS Correction Service Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global GNSS Correction Service Overall Market Size
2.1 Global GNSS Correction Service Market Size: 2022 VS 2029
2.2 Global GNSS Correction Service Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top GNSS Correction Service Players in Global Market
3.2 Top Global GNSS Correction Service Companies Ranked by Revenue
3.3 Global GNSS Correction Service Revenue by Companies
3.4 Top 3 and Top 5 GNSS Correction Service Companies in Global Market, by Revenue in 2022
3.5 Global Companies GNSS Correction Service Product Type
3.6 Tier 1, Tier 2 and Tier 3 GNSS Correction Service Players in Global Market
3.6.1 List of Global Tier 1 GNSS Correction Service Companies
3.6.2 List of Global Tier 2 and Tier 3 GNSS Correction Service Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global GNSS Correction Service Market Size Markets, 2022 & 2029
4.1.2 RTK
4.1.3 RTK-PPP
4.1.4 PPP
4.2 By Type - Global GNSS Correction Service Revenue & Forecasts
4.2.1 By Type - Global GNSS Correction Service Revenue, 2018-2023
4.2.2 By Type - Global GNSS Correction Service Revenue, 2024-2029
4.2.3 By Type - Global GNSS Correction Service Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global GNSS Correction Service Market Size, 2022 & 2029
5.1.2 Agriculture
5.1.3 Construction
5.1.4 GIS and Mapping
5.1.5 Marine
5.1.6 Others
5.2 By Application - Global GNSS Correction Service Revenue & Forecasts
5.2.1 By Application - Global GNSS Correction Service Revenue, 2018-2023
5.2.2 By Application - Global GNSS Correction Service Revenue, 2024-2029
5.2.3 By Application - Global GNSS Correction Service Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global GNSS Correction Service Market Size, 2022 & 2029
6.2 By Region - Global GNSS Correction Service Revenue & Forecasts
6.2.1 By Region - Global GNSS Correction Service Revenue, 2018-2023
6.2.2 By Region - Global GNSS Correction Service Revenue, 2024-2029
6.2.3 By Region - Global GNSS Correction Service Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America GNSS Correction Service Revenue, 2018-2029
6.3.2 US GNSS Correction Service Market Size, 2018-2029
6.3.3 Canada GNSS Correction Service Market Size, 2018-2029
6.3.4 Mexico GNSS Correction Service Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe GNSS Correction Service Revenue, 2018-2029
6.4.2 Germany GNSS Correction Service Market Size, 2018-2029
6.4.3 France GNSS Correction Service Market Size, 2018-2029
6.4.4 U.K. GNSS Correction Service Market Size, 2018-2029
6.4.5 Italy GNSS Correction Service Market Size, 2018-2029
6.4.6 Russia GNSS Correction Service Market Size, 2018-2029
6.4.7 Nordic Countries GNSS Correction Service Market Size, 2018-2029
6.4.8 Benelux GNSS Correction Service Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia GNSS Correction Service Revenue, 2018-2029
6.5.2 China GNSS Correction Service Market Size, 2018-2029
6.5.3 Japan GNSS Correction Service Market Size, 2018-2029
6.5.4 South Korea GNSS Correction Service Market Size, 2018-2029
6.5.5 Southeast Asia GNSS Correction Service Market Size, 2018-2029
6.5.6 India GNSS Correction Service Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America GNSS Correction Service Revenue, 2018-2029
6.6.2 Brazil GNSS Correction Service Market Size, 2018-2029
6.6.3 Argentina GNSS Correction Service Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa GNSS Correction Service Revenue, 2018-2029
6.7.2 Turkey GNSS Correction Service Market Size, 2018-2029
6.7.3 Israel GNSS Correction Service Market Size, 2018-2029
6.7.4 Saudi Arabia GNSS Correction Service Market Size, 2018-2029
6.7.5 UAE GNSS Correction Service Market Size, 2018-2029
7 GNSS Correction Service Companies Profiles
7.1 Hexagon
7.1.1 Hexagon Company Summary
7.1.2 Hexagon Business Overview
7.1.3 Hexagon GNSS Correction Service Major Product Offerings
7.1.4 Hexagon GNSS Correction Service Revenue in Global Market (2018-2023)
7.1.5 Hexagon Key News & Latest Developments
7.2 Fugro
7.2.1 Fugro Company Summary
7.2.2 Fugro Business Overview
7.2.3 Fugro GNSS Correction Service Major Product Offerings
7.2.4 Fugro GNSS Correction Service Revenue in Global Market (2018-2023)
7.2.5 Fugro Key News & Latest Developments
7.3 Oceaneering International, Inc
7.3.1 Oceaneering International, Inc Company Summary
7.3.2 Oceaneering International, Inc Business Overview
7.3.3 Oceaneering International, Inc GNSS Correction Service Major Product Offerings
7.3.4 Oceaneering International, Inc GNSS Correction Service Revenue in Global Market (2018-2023)
7.3.5 Oceaneering International, Inc Key News & Latest Developments
7.4 Trimble
7.4.1 Trimble Company Summary
7.4.2 Trimble Business Overview
7.4.3 Trimble GNSS Correction Service Major Product Offerings
7.4.4 Trimble GNSS Correction Service Revenue in Global Market (2018-2023)
7.4.5 Trimble Key News & Latest Developments
7.5 Beijing UniStrong Science & Technology Co. Ltd.,
7.5.1 Beijing UniStrong Science & Technology Co. Ltd., Company Summary
7.5.2 Beijing UniStrong Science & Technology Co. Ltd., Business Overview
7.5.3 Beijing UniStrong Science & Technology Co. Ltd., GNSS Correction Service Major Product Offerings
7.5.4 Beijing UniStrong Science & Technology Co. Ltd., GNSS Correction Service Revenue in Global Market (2018-2023)
7.5.5 Beijing UniStrong Science & Technology Co. Ltd., Key News & Latest Developments
7.6 Topcon
7.6.1 Topcon Company Summary
7.6.2 Topcon Business Overview
7.6.3 Topcon GNSS Correction Service Major Product Offerings
7.6.4 Topcon GNSS Correction Service Revenue in Global Market (2018-2023)
7.6.5 Topcon Key News & Latest Developments
7.7 u-blox
7.7.1 u-blox Company Summary
7.7.2 u-blox Business Overview
7.7.3 u-blox GNSS Correction Service Major Product Offerings
7.7.4 u-blox GNSS Correction Service Revenue in Global Market (2018-2023)
7.7.5 u-blox Key News & Latest Developments
7.8 Septentrio N.V.
7.8.1 Septentrio N.V. Company Summary
7.8.2 Septentrio N.V. Business Overview
7.8.3 Septentrio N.V. GNSS Correction Service Major Product Offerings
7.8.4 Septentrio N.V. GNSS Correction Service Revenue in Global Market (2018-2023)
7.8.5 Septentrio N.V. Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
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