Press release
Total Station Market Key Trends, Insights, Analysis 2024-2033
Total Station Market Key Trends
As per the report, the total station market size has grown steadily in recent years. It will grow from $1.78 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The total station market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
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Investment In Infrastructure Development Fuels Total Station Market Growth
Rising investments in infrastructure development are driving the growth of the total station market. In infrastructure development, total stations are used in land surveying due to various technical factors including improved accuracy, efficiency, and functionality, documentation & sketching, presence of image capture technology, data storage & sharing over the traditional surveying instruments. According to the study published in Global Infrastructure Hub, the global infrastructure investment is expected to increase from $2.8 trillion in 2021 to $3.1 trillion in 2027. Thus, the rapid increase in infrastructure projects and investments across the globe is expected to boost the demand for total station products across the globe.
Trimble Introduces The Cutting-Edge Sx12 Scanning Total Station In 2021
New product launches are a key trend gaining popularity in the total station market. The company operating in the total station market are focusing on developing and launching innovative products with advanced technologies to meet the specific technical demand from various end industries across the globe. For instance, in 2021, Trimble launched today the Trimble SX12 Scanning Total Station, the next iteration of its breakthrough 3D scanning total station that facilitates fast and efficient data capture for surveying, engineering, and geospatial professionals. New capabilities in surveying and complicated 3D unnellin, as well as new workflows in unnelling and underground mining, are enabled by new features such as a high-power laser pointer and a high-resolution camera system.
The total station market covered in this report is segmented -
1) By Type: Robotic, Manual
2) By Component: Software, Hardware
3) By Application: Oil & Gas, Mining, Agriculture, Construction, Transportation, Utilities, Other Applications
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Major companies operating in the total station market report are GENEQ Inc., Leica Geosystems AG, Trimble Inc., Topcon Corporation, Beijing Bofei Instrument Co. Ltd., Hexagon AB, Suzhou FOIF Co. Ltd., CST/Berger Corporation, Hi-Target Navigation Technology Corporation, Dadi Surveying Science & Technology Co. Ltd., TI Asahi Co. Ltd., Hilti Corporation, StoneX Group Inc., GPS Lands PTE LTD., Chongqing Gold M&E Equipment Co., Sokkia Co. Ltd., Nikon Corporation, KOLIDA INSTRUMENT CO. LTD., GeoMax AG, Shanghai Huace Navigation Technology Ltd., Guangdong Kolida Instrument Co. Ltd., South Surveying & Mapping Instrument Co. Ltd., Ruide Surveying Instrument Co. Ltd., Geo Fennel GmbH, Pentax Corporation, Nortwest Instruments & Controls Inc., Changzhou Ruide Surveying Equipment Co. Ltd., Guangzhou Jiebao Technology Co. Ltd., Guangzhou Geoland Instrument Co. Ltd., Guangzhou Hi-Target Navigation Tech Co. Ltd.
Contents of the report:
1. Executive Summary
2. Total Station Market Report Structure
3. Total Station Market Trends And Strategies
4. Total Station Market - Macro Economic Scenario
5. Total Station Market Size And Growth
…..
27. Total Station Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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