Press release
Land Survey Equipment Market Growth Factors, Challenges, Opportunities And Forecast 2024-2033
Land Survey Equipment Market Growth
Land Survey Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $11.34 billion In 2028 At A CAGR Of 8.3% :
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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Land Survey Equipment Market Major Segments
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
Key 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.
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Prominent Trend - Innovative Solutions For Enhanced Efficiency
Major companies in the land survey equipment market are focused on developing innovative solutions, such as geospatial solutions, for enhanced efficiency, and to maximize their profits in the market. Geospatial solutions refer to technologies and services that analyze and interpret spatial data, facilitating mapping, location-based decision-making, and visualization of information. For instance, in October 2022, eSurvey GNSS, a China-based manufacturer and exporter of land survey, launched four new products, eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These upgraded and optimized offerings enhance efficiency in various applications, including construction, land survey, agriculture, and geospatial industries. The eRTK10 integrates visual technology for immersive 3D stakeout, while the eSA2 provides professional-level positioning data to Android and iOS devices. The eHLS1 Handheld Lidar Scanner utilizes high-precision SLAM technology for 3D reconstruction without GNSS dependence, and the eTS8 Total Station ensures reliable and accurate results in survey tasks.
Land Survey Equipment 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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the land survey equipment market in 2023. The regions covered in the land survey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Land Survey Equipment Market Report Structure
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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