Precision Ag In The News

Chuck ZimmermanPrecision Ag in the News

A report titled, “GPS Precise Positioning Markets 2008-2012,” is now available from Research and Markets according to a release posted on MarketWatch.

GPS Precise Positioning Markets 2008-12 includes details on the projected US$ 6-8 Billion value chain; starting with precision GPS infrastructure, continuing through the market for GPS receivers, finished GPS goods and concluding with GPS augmentation and distribution services. Markets covered include surveying, engineering, agriculture, mining, deformation monitoring, GIS, marine and aviation for both machine control and non-machine control applications for the time period 2008 through 2012.

The global value of precision GNSS products and services is approximately US$3 Billion in 2008 and predicted to grow to a value of between US$6-8 Billion by 2012, a CAGR of 19-23%, although prolonged economic downturn in North America and Europe could see growth slow to a CAGR of 15-19%.