Robotic Total Station Market Competitive Analysis to 2025: Changzhou Dadi Surveying Science & Technology Co., Guangdong Kolida Instrument Co., Hexagon
According to the report, the global robotic total station industry garnered $568.6 million in 2018, and is estimated to reach $930.6 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. The report also provides a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive landscape, and changing market trends.
The engineering and construction segment to lead the trail by 2026-
Based on application, the engineering and construction segment contributed to nearly three-fifths of the total robotic total station market share in 2018 and is expected to rule the roost by 2026. There is a growing trend of deploying robotic total station for survey that is conducted at the completion of the construction project to verify and check whether the construction is perfectly done. The same segment is also expected to grow at the fastest CAGR of 6.2% during the forecast period.
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Asia-Pacific, followed by North America, to retain the lion's share during the study period-
Based on geography, the Asia-Pacific region, followed by North America, garnered the major share in 2018, holding more than one-third of the total market. The region is characterized by a large population base and strong economic growth as compared to other regions. This factor has worked as the major driving factor for the growth of the robotic total station market in the region. At the same time, the LAMEA region would witness the fastest CAGR of 5.2% till 2026. Significant investment toward infrastructural development drives the growth of the market in the region.
The construction segment held the largest share in 2018-
Based on end-user, the construction segment accounted for more than half of the total robotic total station market revenue in 2018 and is anticipated to maintain its dominance during 2019-2026. The growing demand for land surveying equipment such as robotic total station for precise measurements in various branches of construction industries has driven the growth of the segment.
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Key Findings of the Robotic Total Station Market :
o Based on type, the 2''- others accuracy segment dominated the robotic total station market, in terms of revenue in 2018 and is projected to grow at a CAGR 5.7% during the forecast period.
o Based on application, the engineering and construction segment dominated the robotic total station market share in 2018.
o Asia-Pacific is projected to register the highest growth rate in the coming years.
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