Robotic Total Station Market to Reach $930.6 Million by 2026, Growing at 6.4% CAGR: Allied Market Research

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 led the global market in revenue, followed by North America.

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Market Growth Drivers
The market for robotic total stations has seen a surge in demand recently due to increasing emphasis on high efficiency and accuracy in the construction industry. The growth is driven by:

The rise in construction and mining projects globally.
The demand for precise and efficient surveying solutions.
Regional Insights

Asia-Pacific: Dominates the market due to economic growth and improved access to advanced technologies. This region offers lucrative opportunities for market players.
LAMEA: Currently in its nascent stage but expected to experience significant growth.
North America: Holds the second-highest growth rate, driven by ongoing construction sector expansions.
Market Challenges
Despite the growth, the market faces challenges such as the adoption of GPS and laser systems for land surveying, which restricts the growth of robotic total stations.

Segment Analysis

Construction Segment: In 2018, this segment dominated the market due to the increase in non-residential construction in developing countries like India, China, and Brazil.
Type: The 2''-other accuracy segment contributed the largest share in 2018, attributed to its high accuracy and efficient performance.
Application: The engineering and construction segment held a dominant position in 2018 and is expected to continue growing. Increased use in transportation and agriculture sectors presents growth opportunities for small manufacturers globally.
Market Trends

Product Launches: Key players are focusing on product launches to enhance their portfolios. For example, in April 2019, Topcon launched the GTL-1000 scanning robotic total station under its Topcon Positioning Company, featuring a compact scanner integrated with a fully robotic total station designed for single-operator layout and scanning.

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Key Findings of the Study

Type: The 2''-others accuracy segment dominated the market in 2018 and is projected to grow at a CAGR of 5.7% during the forecast period.
Application: The engineering and construction segment led the market share in 2018.
Regional Growth: Asia-Pacific is projected to register the highest growth rate in the coming years.
Competitive Landscape: Major players in the market are profiled, and their strategies are thoroughly analyzed to understand the competitive outlook.
Major Players
Key players in the global robotic total station market include:

Changzhou Dadi Surveying Science & Technology Co. (China)
Guangdong Kolida Instrument Co. (China)
Hexagon (Sweden)
HILTE
Hi-Target Surveying Instrument Co. (China)
Maple International Instrument (US)
North Group (Spain)
Trimble (US)
Survey Instruments Services (Singapore)
Suzhou FOIF Co. (China)
Topcon Corporation (Japan)
Trimble
The report provides an extensive analysis of current and emerging trends and dynamics in the robotic total station market. It highlights the key factors driving market growth, challenges faced by the industry, and opportunities for future expansion.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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