|11-01-2018 07:32 AM CET - Industry, Real Estate & Construction||
Total Station Market Expected to Secure Notable Revenue Share during 2017 to 2026 | Major Players -Topcon, Hexagon, Trimble, South Group, EIE Instruments, FOIF, Sanding, Boif, Dadi, KOLIDA
Press release from: Fact.MR
A total station is an optical/electronic instrument is being used for mapping and surveying and for construction activities. Total station performs various functions including distance measurement, angle measurement, coordinate measurement, and data processing. Total station is gaining popularity across various sectors such as meteorology, construction, mining, agriculture, etc. Total stations are available in two forms one is manual total station and another is a robotic total station.
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With advancement in technology, the use of robotic total station is also rising. Manufacturers are also developing robotic total station with unique features, making it easy for users to operate it and get the correct data. Total station is also being used in geotechnical monitoring which includes building a structure like tunnels below the ground, and to provide a solid foundation above the ground. Measuring the coordinates of vertical and horizontal alignment, total stations are also extensively used in transportation application. Today, most of the total stations are equipped with GPS, hence it relies on satellite signals. However, the poor signal due to various environmental conditions can affect the measurements taken by total station. This also makes it non-functional in the areas with dense forest. Manufacturers are also integrating total station with software applications to help the user control total station, eliminating the need for on-board controllers.
According to the report compiled by Fact.MR, the global total station market is likely to experience moderate growth. The market is also estimated to bring in US$ 1,101.6 million revenue by 2026 end. Offering accuracy and improving performance in the surveying and construction projects, the demand for total station is increasing. Moreover, manufacturers are also providing advanced total stations that can provide flexibility and help to collect accurate data. On-site training is also being provided to the user by manufacturers with the help of distributors and suppliers to enhance user’s knowledge about the product.
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Robotic Total Station- Top-Selling Product
The robotic total station is likely to emerge as one of the top-selling products during 2017-2026. Robotic total station is estimated to create an incremental opportunity of more than US$ 200 million between 2017 and 2026. Meanwhile, manual total station is also likely to account for nearly one-third of the revenue share by 2017 end.
Construction Sector to Gain Maximum Revenue Share in the Global Total Station Market
The construction sector is likely to account for nearly three-fourth of the revenue share by 2017 end. Towards 2026 end, construction sector is estimated to bring in nearly US$ 800 million revenue. Although, mining sector is likely to emerge as the second largest user of the total station.
APEJ to Remain Dominant in the Global Total Station Market
Asia Pacific Excluding Japan (APEJ) is likely to remain dominant in the global market for total station during 2017-2026. Smart cities development in countries such as China and India is driving the growth of total station in APEJ. Moreover, use of advanced technologies in surveying and mapping is also one of the factors fueling the growth of total station in the region. Meanwhile, Europe and North America are also likely to witness growth during 2017-2026.
The report also profiles companies that are expected to remain active in the expansion of global total station market through 2026, which include Topcon, Hexagon, Trimble, South Group, EIE Instruments, FOIF, Sanding, Boif, Dadi, KOLIDA, and TJOP.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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This release was published on openPR.
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