How big is the global real-time kinematic (RTK) machine market?

In 2022, the global RTK machine market was valued at USD 2.9 billion. It is projected to reach USD 4.8 billion by 2032.

How does real-time kinematic (RTK) technology work?

Real-time kinematic is a satellite-based navigation system that provides real-time corrections to GPS signals.

Which application segment accounted for the largest revenue share in the real-time kinematic machine market in 2022?

The agriculture segment accounted for the largest revenue share in the global RTK machine market in 2022, with a share of 48.6%.

What are the drivers of the real-time kinematic (RTK) machine market?

The increasing demand for precision agriculture, growth in the construction industry, and the need for safety and efficiency are the key drivers of the RTK machine market.

What are the opportunities in the real-time kinematic (RTK) machine market?

The use of robotics, indoor positioning, renewable energy, and the adoption of smart farming create opportunities for the RTK machine market.

What are some recent trends in the real-time kinematic machine market?

The market trends include companies focusing on providing comprehensive solutions, enhancing accuracy and efficiency of RTK solutions, and developing cost-effective RTK solutions.

Who are the key players in the RTK machine market?

The key players in the RTK machine market include Trimble Navigation, Novatel, Hemisphere, Topcon, Leica Geosystems, Hi-Target, CHCNAV, eSurvey GNSS, GeoMax, South Group, Shanghai Huace Navigation Technology, Beijing Unistrong Science and Technology, ComNav Technology, and other key players.

Which type of RTK machine is most commonly used?

The two main types of RTK machines are mobile and fixed. However, the mobile segment is more commonly used due to its higher mobility, especially in applications like agriculture and construction.

Global Real-Time Kinematic Machine Market By Type (Mobile, and Fixed), By Application (Agriculture, Industry, and Business), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: Oct. 2023
Report ID: 103149
Number of Pages: 354
Format:

Overview
Table of Contents
Major Market Players
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- Trimble Navigation
- Novatel
- Hemisphere
- Topcon
- Leica Geosystems
- Hi-Target
- CHCNAV
- eSurvey GNSS
- GeoMax
- South Group
- Shanghai Huace Navigation Technology
- Beijing Unistrong Science and Technology
- ComNav Technology