Land Survey Equipment Market to Reach $17,154.10 Million by 2032 | With CAGR of 5.6%

Prime determinants of growth:

Land survey equipment refer to a set of tools, instruments, and technologies used by land surveyors to accurately measure the land. There are various land survey equipment such as GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, and unmanned aerial vehicles, which are used in industries such as construction, oil & gas, agriculture, mining, and disaster management for inspection & and monitoring, volumetric calculations, and layout points.

According to the report, the global land survey equipment market was valued at $9,995.40 million in 2022 and is estimated to reach $17,154.10 million by 2032, exhibiting a CAGR of 5.6% from 2023 to 2032.

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Top Impacting Factors:

The land survey equipment market is mainly driven by a rise in construction activities in developing countries. For instance, the construction industry in the U.S. is expected to grow at a rate of 5% and reach $1,428.5 billion by 2024.

In addition, the rise in application of remote operation of UAVs has led to a rise in demand for drones. Moreover, advantages related to time-saving and accuracy gained in data output also propel the market growth. In addition, the rise in urbanization across the world has increased the demand to build infrastructure and is expected to boost the demand for land survey equipment. By 2040, the global population is estimated to grow by two billion with the urban population growing by over 40%. such factors are anticpated to boost the land survey equipment market growth.

The increasing demand for land survey equipment can largely be attributed to the increasing construction activities around the globe. Typically, land survey equipment market is classified into GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, unmanned aerial vehicles (UAVs), pipe lasers and others.

Among these, the GNSS systems segment accounted for the highest market share in 2022. The market is analyzed with respect to different applications such as inspection & monitoring, volumetric calculations, and layout points.
The GNNS system segment to maintain its leadership status throughout the forecast period

Based on product, the GNSS system segment held the highest market share in 2022, accounting for more than one-third of the land survey equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. GNSS is a very powerful navigation system. It has a vast range of commercial applications such as ground mapping, machine control, port automation, agriculture, construction, marine, mining, surveying, and defense. GNSS technology is being rapidly adopted by the consumer market, owing to an increase in the range of products as they are easily integrated into smartphones.

In addition, it provides accurate location & timing and the system is very efficient to be used in airports for landing and take-off regulation operations during bad weather. In addition, the total stations and theodolites segment is expected to grow at the highest CAGR as total stations & theodolites are optical or electronic instruments that are used for surveying and construction processes.

Theodolites specialize in measuring horizontal and vertical angles whereas total stations are multipurpose instruments that can measure angle, distance, and elevations. Total stations are accurate and need only one person to operate; however, they are expensive and need well-trained operators. On the other hand, theodolites are comparatively cheaper, need two people to operate, and may not give accurate results over long distances.

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The construction segment to maintain its leadership status throughout the forecast period

Based on industry, the construction segment held the highest market share in 2022, accounting for less than half of the land survey equipment market, and is estimated to maintain its leadership status throughout the forecast period. The rise in urbanization and increase in industrialization in developing countries has led to a surge in construction activities. Therefore, surveying lands and preparing layouts have become easy, owing to land surveying equipment.

In addition, drones are very handy and are used to monitor construction processes or inspect inventories and supplies without being physically present at the site. They are also used for photography and videography of constructed sites for further use in marketing and sales. However, the disaster management segment is projected to manifest the highest CAGR of 7.7% from 2023 to 2032.

Land survey equipment is highly effective in disaster management as the images and videos collected by UAVs and data recorded by total stations & theodolite, 3D scanners, and levels are essential in planning recovery activities such as clearing rocks, landslides, fallen trees & buildings, reconstruction of roads, and water levels at the time of floods or thunderstorms. Governments use such equipment to ease operations.

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Top Players:
Competitive analysis and profiles of the major players in the land survey equipment end-user, such as Hi-Target, Hudaco Industries Limited, Kolida Instrument Co., Ltd., Robert Bosch GmbH, Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Stonex, Suzhou Foif Co., Ltd., Topcon Corporation, and Trimble Inc. are provided in this report. There are some important players in the market such as Hi-Target, Stonex, and Trimble Inc. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the land survey equipment market.

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