Robotic Total Station Market A $930.6 Million Contender By 2026 | Changzhou Dadi Surveying Science & Technology, Guangdong Kolida Instrument, Hexagon

According to a new report published by Allied Market Research, titled, "Robotic Total Station Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global robotic total station market size was valued at $568.6 million in 2018, and is projected to reach $930.6 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. In 2018, Asia-Pacific dominated the global market in terms of revenue, accounting for largest share, followed by North America.

The engineering and construction segment to lead the trail by 2026-

Based on the application, the engineering and construction segment contributed to three-fifths of the total market revenue in 2018 and is expected to rule the roost throughout the forecast period. The same segment would also cite the fastest CAGR of 6.2% till 2026.

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This report discusses various aspects of the market. In recent times, various types of robotic total station are being used in the construction, and utility industries. Based on type, the 2''-other accuracy segment with its high accuracy capabilities contributes to the largest share in 2018, owing to the features which offer highly efficient performance.

The Asia Pacific held the lion's share in 2018-

Based on geography, the Asia-Pacific region held the largest share in 2018, generating more than one-third of the total market. Simultaneously, the LAMEA region is expected to register the fastest CAGR of 5.2% during the estimated period.

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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.

Frontrunners in the industry-

The key players analyzed in the report include Guangdong Kolida Instrument Co. (China), Stonex, Changzhou Dadi Surveying Science & Technology Co. (China), Hexagon (Sweden), Topcon Corporation (Japan), HILTE, GPS Lands (Singapore) PTE LTD., Trimble (US), and Suzhou FOIF Co. (China). These players have incorporated different strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to heighten their stand in the market.

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