Press release
Key Trends Reshaping the Land Survey Equipment Market: Innovative Solutions For Enhanced Efficiency Industry Transformation
Land Survey Equipment
Land Survey Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for land survey equipment has seen substantial growth. From $8.19 billion in 2024, it is projected to increase to $8.78 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the historic phase include the ease of access to geospatial data, progresses in remote sensing, environmental preservation and management, enhanced mapping and Geographic Information Systems (GIS), industrial development, and exploration of resources.
How Will the Land Survey Equipment Market Size Evolve and Grow by 2029?
The market for land survey equipment is projected to exhibit robust growth in the forthcoming years, with its market size estimated to reach $11.8 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.7%. This anticipated growth during the forecast period is mainly attributed to factors such as an increase in infrastructure projects, a surge in demand within the real estate sector, an expansion of urban development activities, the emergence of geospatial applications and a focus on environmental tracking and preservation. Key trends projected for the forecast period comprise sustainability and eco-friendly solutions, intelligent and interconnected instruments, the creation of user-friendly interfaces, the integration of automation and robotics in surveying, and a focus on achieving precision and accuracy.
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What Drivers Are Propelling the Growth of Land Survey Equipment Market Forward?
The land survey equipment market is projected to expand in response to the growth in the construction industry. The construction industry involves the planning, designing, and implementation of structures and infrastructure projects, covering activities in the residential, commercial, and civil engineering sectors. Land survey equipment, which maps and measures land features with accuracy for precise foundation placement and conformity with project requirements, is crucial in this process. For example, a report from Britain's Office for National Statistics in November 2023 stated that in 2022, new construction work in Great Britain hit an all-time high of £132,989 million, representing a 15.8% increase. This surge was driven by an rise in private sector projects worth £14,093 million, and an uptick in public sector assignments amounting to £4,068 million. As such, the construction industry's growth is fueling the land survey equipment market.
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What Trends Will Shape the Land Survey Equipment Market Through 2029 and Beyond?
Major businesses in the land survey equipment sector are striving to develop pioneering solutions, such as geospatial services, to boost efficiency and maximise their earnings in the industry. Geospatial services are technologies and offerings that process and shed light on spatial data, enabling mapping, location-reliant decision-making, and the visualisation of data. As an example, in October 2022, eSurvey GNSS, a land survey producer and supplier based in China, introduced four novel products, namely eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These enhanced and optimised products increase efficiency in a range of sectors, such as construction, land survey, agriculture, and geospatial industries. The eRTK10 comprises visual technology for a comprehensive 3D stakeout, while the eSA2 extends professional-grade location data to Android and iOS gadgets. The eHLS1 Handheld Lidar Scanner leverages high-precision SLAM technology for 3D reformation without reliance on GNSS, and the eTS8 Total Station guarantees dependable and precise results in survey tasks.
What Are the Key Segments in the Land Survey Equipment Market?
The land survey equipmentmarket 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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Who Are the Key Players Shaping the Land Survey Equipment Market's Competitive 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
What Geographic Markets Are Powering 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.
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