The Land Survey Equipment Global Market Report 2023 by The Business Research Company, provides land survey equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Land Survey Equipment Global Market Report 2023, the global land survey equipment market size grew from $6.95 billion in 2022 to $7.53 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global land survey equipment is expected to grow to $10.28 billion in 2027 at a CAGR of 8.1%.
The benefits of electronic devices in land surveys are driving the growth of the land survey equipment market. Modern survey methods use a combination of software running on an external computer, electronic theodolite (transit), and electronic distance measuring (EDM) device. Electronic theodolites are used in checking angles, alignments, grade work, and short-range leveling. Electronic land survey devices are accurate in measuring the distance that is accomplished with modulated microwave or infrared carrier signals.
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The land survey equipment market 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/Laser Scanners, Unmanned Aerial Vehicles (UAVs), Other Products
5) By End User: Commercial, Defense, Service Providers
Technological advancements and innovations are shaping the land survey equipment market. As mobile phones are becoming essential and accessible to everyone, mobile phones are becoming an important mode to conduct surveys this instrument empowers surveyors with quick access to information needed in the survey area while conducting the survey. With technological advancement, the surveyor can process the collected data later with the help of survey software. For instance, in 2021 U-Box Holding AG, a Switzerland-based manufacturer of wireless semiconductors and modules for consumer, automotive and industrial markets, acquired Sapcords services a joint venture formed by U- Box, Bosch, Geo++, and Mitsubishi electric that works on U-Box’s Silicon to cloud strategy and enables to innovate and grow its Global Navigation Satellite System (GNSS) augmentation services.
The land survey equipment market report table of contents includes:
1. Executive Summary
2. Land Survey Equipment Market Characteristics
3. Land Survey Equipment Market Trends And Strategies
4. Land Survey Equipment Market – Macro Economic Scenario
5. COVID-19 Impact On Land Survey Equipment Market
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26. Africa Land Survey Equipment Market
27. Land Survey Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Land Survey Equipment Market
29. Land Survey Equipment Market Future Outlook and Potential Analysis
30. Appendix
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