Press release
FMI Analysis Affirms Global Land Survey Equipment Market Revenue Share to Surpass USD 15868.4 Million by 2034, Driven by 7.8% CAGR
Land Survey Equipment Market
Comprising a diverse array of tools and technologies, land survey equipment has become an indispensable asset across various industries, including construction, oil and gas, agriculture, and mining. These versatile tools play a pivotal role in numerous tasks, making them essential for professionals in these sectors. The notable growth in the global land survey equipment market not only reflects its current momentum but also underscores its fundamental importance in enabling efficiency and precision across vital industries. With adaptability and innovation as its driving forces, the market is poised to lead industries towards a future characterized by heightened productivity and accuracy.
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Global Land Survey Equipment Market Thrives Across Diverse Industries:
Prominent sectors, including oil and gas, mining, and agriculture, are exerting influential forces that propel the expansion of the global land survey equipment market. The oil and gas industry's dynamic evolution and the unwavering demand for fossil fuels necessitate the utilization of cutting-edge land survey equipment for exploration endeavors. Likewise, the mining and agriculture realms rely heavily on these tools to pinpoint, gauge, and survey both natural and man-made features on land.
In the year 2020, the global pandemic-induced slowdown led to a minor dip in demand for land survey equipment. However, the subsequent resurgence in industrial activities and infrastructural projects post-COVID-19 has breathed new life into the market. This revival is predominantly propelled by the burgeoning industrial sector within developing nations across the globe.
In the forthcoming years, the growth trajectory of the market will be further amplified as an increasing number of manufacturers commit resources to research and development initiatives aimed at elevating the capabilities of land survey equipment.
Key Highlights from Land Survey Equipment Market Analysis:
Product Breakdown: The hardware segment commands a substantial share, representing approximately 90% of the global market volume in 2021.
End Use Insights: The construction sector is poised to hold around three-quarters of the market share in terms of value by the forecast period's culmination.
Application Dynamics: Among a multitude of applications, the volumetric calculation segment emerges as the fastest-growing, boasting an impressive global Compound Annual Growth Rate (CAGR) of 7.5%.
Regional Influence: Europe emerges as a pivotal market for land survey equipment, propelled by the flourishing construction and mining sectors that solidify its leadership position across the forecast period.
U.S. Dominance: Within North America, the United States asserts a significant role, capturing a remarkable 7.9% CAGR in the land survey equipment market.
China's Growth Trajectory: The demand for land survey equipment in China is poised for robust growth, maintaining momentum well into the year 2034.
Market Leaders and Strategies:
The land survey equipment market exhibits a moderate level of consolidation, with top players securing approximately 40-45% of the global market share. Leading companies are actively forging partnerships with end users and tailoring bespoke solutions to cater to specific customer needs, propelling sales. Moreover, these industry frontrunners are diligently expanding their global footprint through the enhancement of their sales network.
Key Players:
Trimble Inc.
Hexagon AB
Leica Geosystems (Hexagon)
Topcon Corporation
Autodesk, Inc.
FARO Technologies, Inc.
Nikon Corporation
Geospatial Corporation
Hi-Target Surveying Instrument Co., Ltd.
Stonex
CHC Navigation
Spectra Precision (Trimble)
South Surveying & Mapping Instrument Co., Ltd.
CST/Berger (Robert Bosch Tool Corporation)
Sokkia (Topcon Corporation)
Carlson Software Inc.
Hemisphere GNSS
Geneq Inc.
Javad GNSS Inc.
Eos Positioning Systems, Inc.
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Key Segments Covered in Land Survey Equipment Industry Analysis:
By Product:
GNSS System
Total stations and Theodolites
Levels
3D laser
UAV
Pipe Lasers
Others
By Industry:
Construction
Oil and Gas
Agriculture
Mining
Disaster Management
Others
By Application:
Inspection and Monitoring
Volumetric Calculations
Layout Points
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
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