Market Dynamics: Land Survey Equipment Market

Rising demand for mapping, surveying, aerial imagery, aerial photography is projected to fuel the growth of UAV market

Based on product, the Land Survey Equipment market has been segmented into Total Stations, 3Dlaser scanners, GNSS systems, UAV, Levels, and lasers, others. Unmanned Aerial Vehicles (UAVs) are remotely piloted aerial vehicles that have significant roles in commercial as well as defense sectors. Commercial UAVs are used for varied applications, such as mapping, surveying, aerial imagery, and aerial photogrammetry, among others. The capabilities of UAVs in providing a wide range of platforms for potential applications in the civil & commercial sector has led to enormous developments, and significant R&D investments in UAVs have led to widened UAV applicability in mining, survey, 3D mapping, and oil & gas sectors, among others.

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Rapid urbanization in the developing economies of Asia pacific & Africa is estimated to lead the construction industry

By industry, Land Survey Equipment market has been segmented into construction, Oil & Mining, Disaster management, and Agriculture. Land survey equipment has significant use in the construction industry to measure, map, and monitor construction sites. The growth of the construction industry is one of the major factors in the growth of the land survey equipment market, which is attributed to rapid urbanization in the emerging economies of Asia and Africa. According to the Global Construction outlook 2021, the global construction industry is expected to grow at an average of 2.8% during the next five years. Construction contracts are also increasing with the rise in construction activities worldwide. For instance, the value of construction contracts by the Overseas Construction Association of Japan, Inc. in 2016 was Asia, USD 6.05 billion; Middle East and North Africa, USD 0.12 billion; Africa, USD 0.22 billion; North America, USD 5.55 billion; Central and South America, USD 0.29 billion; Western Europe, USD 0.07 billion; Eastern Europe, 0.33 billion; and Oceania, USD 0.59 billion.

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Adoption of Land Survey Equipment for Commercial Purposes Is Expected to Increase, Leading to A High Demand from The Global Land Survey Equipment Market

By end user, the Land Survey Equipment market has been segmented into commercial, defense, and research. Commercial segment is project to grow at a highest Share in the market during the forecast period. In the commercial segment, land survey equipment is used in the construction, agricultural, mining, oil & gas industries, as well as in forestry, telecommunications, electricity, and water utilities. Land survey equipment manufacturers are constantly upgrading their equipment to produce more technically advanced equipment to meet the demand from land surveyors and land survey service providers for better and enhanced land survey equipment. Due to various technological advancements, such as GNSS technology for survey purposes, the adoption of land survey equipment for commercial purposes is expected to increase, leading to a high demand from the global land survey equipment market. Furthermore, increasing construction activities in the Asia Pacific, Africa, and North America, increasing mining activities and focused efforts on better precision farming, are other factors contributing to the growth of the commercial segment.
Rising construction activity across the industry is projected to drive the demand for layout point segment

Based on application, the Land Survey Equipment market has been segmented into Layout Points, Monitoring, Volumetric Calculation, and Inspection, others. Under this segment, Layout Point is projected to grow at the highest CAGR during the forecast period. Layout points is a process where construction plans are interpreted by marking the coordinates of new structures. This ensures that ongoing projects are being developed as per planned designs. These points also help in proposed improvements in existing projects, along with ensuring completion in time. In the past few decades, research is focused on the use of IT to plan layouts, for instance, 4D simulations, artificial intelligence, virtual reality, and Building Information Modelling (BIM), which can help optimize the layout plan during the various phases of construction.

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This release was published on openPR.