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Growth In The Construction Industry Is Anticipated To Fuel The Land Survey Equipment Market: Pivotal Factor Influencing Land Survey Equipment Market Growth in 2025
Land Survey Equipment
What Is the Expected CAGR for the Land Survey Equipment Market Through 2025?
The market size of land survey equipment has seen significant enhancements in the past few years. The market, which was valued at $8.19 billion in 2024, is projected to increase to $8.92 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 8.9%. This growth during the historical period is primarily due to factors such as enhanced accessibility of geospatial data, developments in remote sensing, advancements in environmental conservation and management, the evolution of mapping and geographic information systems (GIS), industrialization, and resource exploration.
What's the Projected Size of the Global Land Survey Equipment Market by 2029?
In the forthcoming years, a robust growth is anticipated in the market size of land survey equipment, with its value escalating to $12.21 billion in 2029, at a Compound Annual Growth Rate (CAGR) of 8.2%. This growth during the projected period can be credited to several factors such as an increase in infrastructure projects, burgeoning demand in the real estate sector, urban development expansion, the arrival of geospatial applications, and activities related to environmental monitoring and conservation. The dominant trends during this period are expected to be sustainability and eco-friendly solutions, intelligent and interconnected instruments, the formulation of user-friendly interfaces, the incorporation of automation and robotics in surveying, and an emphasis on precision and accuracy.
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Top Growth Drivers in the Land Survey Equipment Industry: What's Accelerating the Market?
The rise in the construction industry is predicted to boost the land survey equipment market's expansion. The construction field encompasses the conception, blueprint, and implementation of building architecture and infrastructure ventures, including residential, commercial, and civil engineering tasks. Land survey devices are utilized in construction to precisely chart and ascertain land attributes, ensuring exact foundation positioning and compliance with project stipulations. For instance, a November 2023 report from the office for National statistics of the Britain Government in 2022 revealed that the value of new construction work in Great Britain had hit a record high of £132,989 million, signifying a 15.8% incline. This surge was spurred by a growth in private-sector undertakings, totaling £14,093 million, and an escalation in public sector assignments, which supplied £4,068 million. Consequently, the ascent in the construction industry is catalyzing the growth of the land survey equipment market.
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What Trends Will Shape the Land Survey Equipment Market Through 2029 and Beyond?
Foremost businesses in the land survey equipment market are focusing on the creation of innovative solutions such as geospatial systems. This is done to increase efficiency and profits within the market segment. Geospatial systems refer to the services and technologies that interpret spatial data which can aid in mapping, making location-based decisions, and obtaining a visual representation of information. For instance, eSurvey GNSS, a Chinese manufacturing and exporting firm specializing in land surveying, launched four new products in October 2022. These products are eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These new improved offerings increase operational efficiency in sectors such as construction, land surveying, agriculture, and within the geospatial industry. The eRTK10 has integrated visual technology that allows immersive 3D stakeout, and eSA2 offers professional-grade positioning data for Android and iOS devices. The eHLS1 Handheld Lidar Scanner utilizes precise SLAM technology for 3D reconstruction without the need for GNSS, while the eTS8 Total Station produces reliable and precise results in survey tasks.
What Are the Main 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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Which Top Companies are Driving Growth in the Land Survey Equipment Market?
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
Which Regions Will Dominate the Land Survey Equipment Market Through 2029?
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.
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