Press release
Shaping the Geodetic Measuring Devices Market in 2025: Laser GNSS Receivers Revolutionize The Geodetic Measuring Devices Market
Geodetic Measuring Devices Market
The geodetic measuring devices market will grow from $33.3 billion in 2024 to $36.06 billion in 2025, reflecting a CAGR of 8.3%. The growth is attributed to infrastructure development projects, land surveying, environmental monitoring, scientific research, and geophysics.
The geodetic measuring devices market is expected to grow substantially, reaching $52.33 billion by 2029 at a CAGR of 9.8%. Growth factors include smart city initiatives, climate change monitoring, digital twin applications, precision agriculture, infrastructure resilience, and disaster response efforts. Key trends include GIS integration, advancements in environmental monitoring, high-precision navigation systems, and increasing adoption in precision farming.
What Are the Primary Growth Drivers for the Geodetic Measuring Devices Market?
The increasing demand for geological surveys is anticipated to drive the growth of the geodetic measuring devices market in the coming years. A geological survey systematically explores the geology beneath a specific area to create a geological map or model, using a variety of techniques ranging from traditional walk-over surveys, studying outcrops and landforms, to more invasive methods. Geodetic measuring devices are essential for these surveys, as they help measure the position, elevation, and orientation of points on the Earth's surface, enabling the creation of precise maps and models that are crucial for understanding the area's geology. For example, in 2023, The United States Geological Survey (USGS), a U.S.-based agency focused on natural resource conditions, reported a 30.01% increase in its budget, from $1.316 billion in 2022 to $1.711 billion in 2023. The USGS estimated its staffing at 8,344 full-time equivalents (FTEs), with over 8,000 scientists, technicians, and support staff working at more than 400 facilities across the U.S. Additionally, the 2023 budget allocated $147 million for Energy and Mineral Resources programs and $72.7 million for land management research. Therefore, the rising demand for geological surveys is expected to drive the growth of the geodetic measuring devices market.
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Who Are the Dominant Companies Influencing Geodetic Measuring Devices Market Trends?
Major companies operating in the geodetic measuring devices market report are Hexagon AB, Keller Group PLC, Fugro N.V, Topcon Positioning Systems Inc., COWI A/S, FARO Technologies Inc., AEVEX Aerospace LLC, GaiaComm Ltd., RST Instruments Ltd., Roctest Ltd., Geodetic Systems Inc., GEOKON, Geocomp Corporation, GEODATA Group, Durham Geo Slope Indicator Inc., Measurand, Sherborne Sensors Ltd., Encardio-Rite Electronics Private Limited, GEONOR Inc., Geosense Ltd., Syscom Instruments SA, Canary Systems Inc., 3vGeomatics Inc., South Surveying & Mapping Instrument Co. Ltd., Mine Design Technologies Inc., Sisgeo Srl, NavStar Geomatics Ltd., Marmota Engineering AG, Nova Metrix LLC, Kolida Instrument Co. Ltd.
How Is the Geodetic Measuring Devices Market Evolving?
In the geodetic measuring devices market, companies are introducing innovative products like laser GNSS receivers for more accurate positioning. In December 2022, ComNav Technology Ltd. launched the Venus Laser RTK GNSS Receiver, which allows surveys without the need for a rod, offering precision down to millimeter-level accuracy and tilt adjustments up to 60°.
What Are the Different Segmentations in the Geodetic Measuring Devices Market?
The geodetic measuring devices market covered in this report is segmented -
1) By Type: Total Stations, Levels, Global Navigation Satellite System Receivers, Other Types
2) By Technology: Global Navigation Satellite System (GNSS), Light Detection And Ranging (LiDAR), Photogrammetry, Remote Sensing
3) By Application: Civil Engineering, Mechanical Engineering, Construction, Geology, Other Applications
Subsegments:
1) By Total Stations: Reflectorless Total Stations, Robotic Total Stations
2) By Levels: Automatic Levels, Digital Levels
3) By Global Navigation Satellite System (GNSS) Receivers: RTK GNSS Receivers, Static GNSS Receivers
4) By Other Types: Theodolites, Distance Measuring Instruments, 3D Laser Scanners
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Which Region Is at the Forefront of the Geodetic Measuring Devices Market?
North America was the largest region in the geodetic measuring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geodetic measuring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Geodetic Measuring Devices Global Market Report?
- Market Size Analysis: Analyze the Geodetic Measuring Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Geodetic Measuring Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Geodetic Measuring Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Geodetic Measuring Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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