Press release
Land Survey Equipment Market Key Trends, Insights, Analysis 2024-2033: A Comprehensive Report
Land Survey Equipment Market
The Business Research Company offers in-depth market insights through Land Survey Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Growth In The Construction Industry Is Anticipated To Fuel The Land Survey Equipment Market
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.
Competitive Landscape:
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
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https://www.thebusinessresearchcompany.com/report/land-survey-equipment-global-market-report
Top Trend - Advanced Technology To Provide A Precise Surveying Experience
Major companies in the land survey equipment market are focused on developing advanced technology, such as GNSS RTK technology, to provide a precise surveying experience, and to gain a competitive edge in the market. GNSS RTK (Global Navigation Satellite System Real-Time Kinematic) technology is a high-precision positioning technique that utilizes satellite signals for real-time, centimeter-level accuracy in surveying and mapping applications. For instance, in September 2022, SingularXYZ, a China-based manufacturer of GNSS, launched the TS1000 total station, integrating traditional optics with GNSS RTK technology. Compatible with the SingularPad field surveying software, it enables seamless surveying tasks with both total stations and RTK receivers. The TS1000 features a larger screen, detailed status, and easy operation for improved work efficiency. With a measurement range of up to 1000m and 2mm accuracy, it supports various surveying functions and offers a brand-new experience for users.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Land Survey Equipment Market Characteristics
3. Land Survey Equipment Market Trends And Strategies
4. Land Survey Equipment Market - Macro Economic Scenario
5. Land Survey Equipment Market Size And Growth
…..
27. Land Survey Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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