Press release
Growth In The Construction Industry Is Anticipated To Fuel The Land Survey Equipment Market: An Emerging Driver Transforming The Land Survey Equipment Market Landscape
Land Survey Equipment Market Size
What Is the Land Survey Equipment Market Size and Projected Growth Rate?
In recent years, the market size for land survey equipment has seen robust growth. Predictions point towards an increase from $8.19 billion in 2024 to $8.92 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. This growth during the historic period is due to factors such as the accessibility of geospatial data, progress in remote sensing, environmental conservation and management, the application of mapping and geographic information systems (GIS), and developments in industrialization and resource exploration.
In the coming years, it is anticipated that the land survey equipment market will experience robust growth. It is predicted to expand to $12.21 billion in 2029 with a CAGR of 8.2%. The expansion during the forecast period is largely driven by factors like increased infrastructure projects, high demand in the real estate industry, growth of urban development, advent of geospatial applications, as well as environment monitoring and preservation. The period is also expected to see key trends such as sustainability, environmentally friendly solutions, intelligent and interconnected instruments, the creation of user-friendly interfaces, automation and robotics in surveying, and an emphasis on precision and accuracy.
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What Are the Major Segments in the Land Survey Equipment Market?
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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What Are The Driving Land Survey Equipment Market Evolution?
The anticipated expansion of the construction industry is predicted to stimulate the land survey equipment market's growth. The construction sector entails the formulating, blueprinting, and implementation of building structures and infrastructure projects, which include residential, commercial, and civil engineering endeavors. The role of land survey equipment in construction is to precisely map and quantify land properties, ensuring accurate foundation positioning and consistency with project criteria. For instance, a report by the Office for National Statistics from Britain's Government in November 2023 showed that the value of new construction work in Great Britain achieved a record-breaking £132,989 million in 2022, reflecting a 15.8% increase. This surge was attributed to a rise in private sector projects worth £14,093 million, coupled with an increase in public sector work contributing £4,068 million. Hence, the expansion of the construction industry is propelling the land survey equipment market's growth.
Which Firms Dominate The Land Survey Equipment Market Segments?
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
What Trends Are Expected to Dominate the Land Survey Equipment Market in the Next 5 Years?
Leading entities in the land survey equipment market are putting their energies into creating innovative solutions like geospatial solutions to improve efficiency and maximize their market profits. Geospatial solutions are technologies and services that process and interpret spatial data, enabling mapping and location-based decision making, and the visualization of information. For instance, eSurvey GNSS, a Chinese company known for manufacturing and exporting land survey equipment, introduced four new products in October 2022 - the eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These advanced and improved solutions boost efficiency in different areas like construction, land survey, agriculture, and geospatial industries. The eRTK10 boasts visual technology for immersive 3D stakeout, while the eSA2 gives professional-level positioning data to Android and iOS gadgets. The eHLS1 LiDAR Scanner uses high-accuracy SLAM technology for 3D reconstruction without needing GNSS, and the eTS8 Total Station guarantees reliable and precise outcomes in survey tasks.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Land Survey Equipment Market?
2. What is the CAGR expected in the Land Survey Equipment Market?
3. What Are the Key Innovations Transforming the Land Survey Equipment Industry?
4. Which Region Is Leading the Land Survey Equipment Market?
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