Press release
Land Survey Equipment Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Land Survey Equipment Market
The expansion of the construction industry is projected to bolster the development of the land survey equipment market. The construction industry, which comprises residential, commercial, and civil engineering projects, involves the arrangement, conception, and construction of infrastructure and building structures. Land survey equipment, used to ensure precision in mapping and measurement of land attributes and exact placement of foundations is pivotal to these endeavors. For example, in November 2023, the office for National Statistics reported that new construction work in Great Britain hit an all-time high of £132,989 million in 2022, signifying a 15.8% upturn. This growth was sparked by a surge in private sector projects totalling £14,093 million and an inflow of work from the public sector amounting to £4,068 million. Thus, the enlarging construction industry is steering the growth of the land survey equipment market.
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How will the growth rate of the land survey equipment market shape industry trends by 2034?
In recent times, the land survey equipment market has witnessed significant growth. It's expected to rise from $8.19 billion in 2024 to $8.92 billion in 2025, representing a CAGR of 8.9%. Various factors contributing to the growth in the historic period are accessibility to geospatial information, technological advancements in remote sensing, preservation and management of the environment, development of mapping and GIS, industrialization, and the exploration of resources.
In the forthcoming years, the market size of land survey equipment is predicted to exhibit robust growth. By 2029, it is projected to escalate to $12.21 billion, with a compound annual growth rate (CAGR) of 8.2%. This growth during the forecast period could be a result of the increase in infrastructure projects, a surge in demand within the real estate sector, the expansion of urban development, the rise of geospatial applications, and environmental monitoring and conservation. Key trends during this period are expected to be sustainability and eco-friendly solutions, smart and interconnected instruments, the creation of user-friendly interfaces, automation, and robotics in surveying, with a special emphasis on precision and accuracy.
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What trends are poised to drive the future success of the land survey equipment market?
Leading entities in the land survey equipment market are putting efforts into the creation of innovative solutions like geospatial ones, aiming for heightened efficiency and increased market profits. Geospatial solutions involve technologies and services that process and interpret spatial data for mapping, location-based decision-making processes, and information visualization. For example, eSurvey GNSS, a manufacturer and exporter of land survey tools from China, rolled out four new products in October 2022: the eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These revised and optimized products boost efficiency across various fields, such as construction, land survey, agriculture, and geospatial industries. The eRTK10 is equipped with visual technology for a comprehensive 3D stakeout, while the eSA2 offers professional-grade positioning data to Android and iOS devices. The eHLS1 Handheld Lidar Scanner leverages high-accuracy SLAM technology for 3D rebuilding without needing GNSS, and the eTS8 Total Station guarantees dependable and precise outcomes in survey operations.
Which primary segments of the land survey equipment market are driving growth and industry transformations?
The land survey equipment market covered in this report is segmented -
1) By Application: Inspection, Monitoring, Volumetric Calculations, Layout Points, Other Applications
2) By Solution: Hardware, Software, Services
3) By Industry: Transportation, Energy And Power, Mining And Construction, Forestry, Scientific And Geological Research, Precision Agriculture, Disaster Management, Other Industries
4) By Product: Global Navigation Satellite System (GNSS), Total Stations And Theodolites, Levels, 3D Laser Or Laser Scanners, Unmanned Aerial Vehicles (UAVs), Other Products
5) By End User: Commercial, Defense, Service Providers
Subsegments:
1) By Inspection: Quality Control Inspections, Structural Inspections, Infrastructure Inspections
2) By Monitoring: Environmental Monitoring, Land Use Monitoring, Geodetic Monitoring
3) By Volumetric Calculations: Earthwork Calculations, Stockpile Volume Calculations, Cut And Fill Volume Calculations
4) By Layout Points: Site Layout For Construction, Surveying For Pipelines And Utilities, Road And Highway Layout
5) By Other Applications: Geographic Information Systems (GIS), Land Development Planning, Agricultural Surveying
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Which geographical regions are pioneering growth in the land survey equipment market?
Asia-Pacific was the largest region in the land survey equipment market in 2024. The regions covered in the land survey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the land survey equipment market landscape?
Major companies operating in the land survey equipment market include Hexagon AB, Garmin Ltd., Trimble Inc., Fugro NV, MiTAC Digital Corporation, Topcon Corporation, Leica Geosystems AG, Shanghai Huace Navigation Technology Ltd., Suzhou FOIF Co Ltd., CHC Navigation Hudaco Industries Limited, Novatel Inc., M&P Survey Equipment Ltd., GeoMax AG, Ansari Precision Instruments Private Limited, Kolida Instrument Co Ltd., Survey Copter, Changzhou Dadi Surveying Science And Technology Co Ltd., Sokkia Co Ltd., PASI Srl, South Surveying And Mapping Instruments Co Ltd., Hi-Target Surveying Instrument Co Ltd., V.I Instruments Industries Limited, Geotrax International Services Inc., Jafri Survey Instruments
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What Is Covered In The Land Survey Equipment Global Market Report?
•Market Size Forecast: Examine the land survey equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the land survey equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the land survey equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the land survey equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the land survey equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the land survey equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the land survey equipment market.
•Competitive Landscape: Review strategic developments in the land survey equipment market, including expansions, agreements, and new product launches.
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