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Global Theodolite Market Analysis, Growth, Trend & Opportunity- Review 2017 to 2022
Fact.MR
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The global theodolite market is expected to register a healthy growth attributed to the growing need for making accurate measurements during the construction process. Apart from making accurate measurements in the construction industry, application of the theodolite also contributes during the study of orology. Growing need to re-measure the mountain ranges by the survey department of countries such as China and India continues to fuel growth of the global theodolite market. Integration of advanced technological features that enable laser tracking and GPS monitoring for high precision measurement has further contribute towards growth of the global theodolite market.
The report provides an in-depth insight on the crucial aspects of the global theodolite market while offering related information on the important segments, factor fuelling growth of the global market, competitive landscape and growth patterns.
Advanced Features to Create Lucrative Opportunities
Growing need for navigating and making accurate measurements has led to an upsurge in demand for theodolites in the global market. Apart from increasing application to measure and navigate, theodolites are also used as an augmented reality application that was released in the iPhone. Similar to the SpyGlass application, the theodolite electronic devices enable the end users to figure out directions and locations. Attributed to features such as two axis inclinometer, GPS, map and compass, theodolite devices operate as navigating device with enhanced features. Increasing need for measuring angles in the vertical and horizontal planes has led to an upsurge in demand for surveying applications.
Survey of Mountain Ranges to Boost Sales
Growing application of theodolite for orology is further likely to underscore significant growth opportunities for the global theodolite market. As demand for re-measuring the mountain ranges in countries such as China and India continue to increase, adoption of the theodolite devices are expected to rev up during the forecast period. Moreover, manufacturers are increasingly integrating advanced technological features such as enhanced GPS and laser tracking attributes to offer high precision measurements. Growing need to make accurate measurements of the mountain ranges is expected to impact growth of the global theodolite market positively.
On the other hand, various factors will continue to inhibit growth of the global theodolite market throughout the forecast period. Availability of the alternate devices for conducting surveys is likely to dip sales of theodolite devices. Moreover, limited availability of raw materials is likely to pose significant challenges to the manufacturers. These factors are expected to impact growth of the global theodolite market adversely.
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Electronic Products to Boost Sales in Global Market
Growing need to construct buildings and institutions has led to an upsurge in demand for the electronic theodolite devices. On the basis of product type, the electronic segment is expected to generate significant revenues, accounting for a value of more than US$ 70 Mn by the end of 2022. This segment is expected to register a robust CAGR in the global market during the forecast period.
Based on application, the construction segment is expected to represent the highest revenue growth, representing a value of over US$ 80 Mn by the end of 2022. However, the construction segment and the industrial segment is expected to register the highest CAGR in the global theodolite market during the forecast period.
Competition Tracking
Leading market players operating in the global theodolite market include Hexagon AB, Topcon Corporation, Trimble, EIE Instruments, South Surveying & Mapping Instrument Co Ltd, Suzhou FOIF Co., Ltd., Survey Instruments Services Pte Ltd and Hilti Group.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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