Press release
Land Survey Equipment Market trends, Top Companies, Share, Growth And Forecast 2033
Land Survey Equipment Market
The Business Research Company presents an extensive market research report on the Land Survey Equipment Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The land survey equipment market size has grown strongly in recent years. It will grow from $7.56 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to geospatial data accessibility, advancements in remote sensing, environmental conservation and management, mapping and geographic information systems (GIS), industrialization and resource exploration.
The land survey equipment market size is expected to see strong growth in the next few years. It will grow to $11.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rise in infrastructure projects, growing demand in real estate sector, expansion in urban development, emerging geospatial applications, environmental monitoring and conservation. Major trends in the forecast period include sustainability and eco-friendly solutions, smart and connected instruments, development of user-friendly interfaces, automation and robotics in surveying, focus on precision and accuracy.
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Key Market Players:
Major companies operating in the land survey equipment market report are Robert Bosch GmbH, StoneX Srl, Hexagon AB, Garmin Ltd., Nikon-Trimble Co Ltd., Trimble Inc., Trimble Navigation Limited, Fugro NV, MiTAC Digital Corporation, Topcon Corporation, Leica Geosystems AG, Shanghai Huace Navigation Technology Ltd., Suzhou FOIF Co Ltd., CHC Navigation Hudaco Industries Limited, Novatel Inc., KSA Land Surveyors Company, M&P Survey Equipment Ltd., GeoMax AG, Ansari Precision Instruments Private Limited, Kolida Instrument Co Ltd., Survey Copter, Changzhou Dadi Surveying Science And Technology Co Ltd., Sokkia Co Ltd., PASI Srl, South Surveying And Mapping Instruments Co Ltd., Hi-Target Surveying Instrument Co Ltd., V.I Instruments Industries Limited, Geotrax International Services Inc., Jafri Survey Instruments
Market Drivers:
The growth in the construction industry is expected to propel the growth of the land survey equipment market going forward. The construction industry is the planning, design, and execution of building structures and infrastructure projects, encompassing residential, commercial, and civil engineering activities. Land survey equipment is used for construction to accurately map and measure land features, ensuring precise foundation placement and adherence to project specifications. For instance, in October 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the growth in the construction industry is driving the land survey equipment market.
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https://www.thebusinessresearchcompany.com/report/land-survey-equipment-global-market-report
The land survey equipment market covered in this report is segmented -
1) By Application: Inspection, Monitoring, Volumetric Calculations, Layout Points, Other Applications
2) By Solution: Hardware, Software, Services
3) By Industry: Transportation, Energy And Power, Mining And Construction, Forestry, Scientific And Geological Research, Precision Agriculture, Disaster Management, Other Industries
4) By Product: Global Navigation Satellite System (GNSS), Total Stations And Theodolites, Levels, 3D Laser/Laser Scanners, Unmanned Aerial Vehicles (UAVs), Other Products
5) By End User: Commercial, Defense, Service Providers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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