The Land Survey Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The land survey equipment market is poised for robust expansion in the coming years, with a projected size reaching $11.34 billion by 2028, boasting a commendable Compound Annual Growth Rate (CAGR) of 8.3%. This anticipated growth is underpinned by several key factors, including the upswing in infrastructure projects, heightened demand in the real estate sector, urban development expansions, and the proliferation of geospatial applications for environmental monitoring and conservation.
Eminent trends that will shape the landscape during this forecast period encompass an emphasis on sustainability and eco-friendly solutions, the integration of smart and connected instruments, the evolution of user-friendly interfaces, as well as the increasing role of automation and robotics in surveying, all underscored by a prevailing focus on precision and accuracy.
Crucially, the construction industry emerges as a pivotal driver propelling the land survey equipment market forward. Defined by the planning, design, and execution of diverse building structures and infrastructure projects spanning residential, commercial, and civil engineering realms, the construction industry relies heavily on land survey equipment to meticulously map and measure land features. This ensures not only the precise placement of foundations but also adherence to stringent project specifications.
In an illustrative example, a report by Oxford Economics revealed that the global construction output reached $10.7 trillion in 2020 and is anticipated to witness a remarkable 42% increase, equivalent to $4.5 trillion, between 2020 and 2030, reaching an impressive USD 15.2 trillion. This surge in the construction industry is a powerful catalyst for the upward trajectory of the land survey equipment market.
The growth in the construction industry is expected to propel the growth of the land survey equipment market going forward. The construction industry is the planning, design, and execution of building structures and infrastructure projects, encompassing residential, commercial, and civil engineering activities. Land survey equipment is used for construction to accurately map and measure land features, ensuring precise foundation placement and adherence to project specifications. For instance, in October 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the growth in the construction industry is driving the land survey equipment market.
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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/Laser Scanners, Unmanned Aerial Vehicles (UAVs), Other Products
5) By End User: Commercial, Defense, Service Providers
Top 5 Major Players:
Furthermore, industry leaders in the land survey equipment sector are strategically focused on pioneering advanced technologies to gain a competitive edge. One such technological marvel is the GNSS RTK (Global Navigation Satellite System Real-Time Kinematic) technology, renowned for its high-precision positioning capabilities utilizing satellite signals to achieve real-time centimeter-level accuracy in surveying and mapping applications.
A notable instance of innovation is the TS1000 total station launched by SingularXYZ in September 2022. This China-based manufacturer seamlessly integrates traditional optics with GNSS RTK technology. Designed to work in harmony with the SingularPad field surveying software, the TS1000 facilitates seamless surveying tasks employing both total stations and RTK receivers. Boasting a larger screen, detailed status indicators, and user-friendly operation for enhanced work efficiency, the TS1000 impressively offers a measurement range of up to 1000m with a remarkable 2mm accuracy. In doing so, it not only supports various surveying functions but also ushers in a brand-new, cutting-edge experience for users navigating the intricate landscapes of land surveying.
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. Global Land Survey Equipment Market Size and Growth
…..
32. Global Land Survey Equipment Market Competitive Benchmarking
33. Global Land Survey Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Land Survey Equipment Market
35. Land Survey Equipment Market Future Outlook and Potential Analysis
36. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Land Survey Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Land Survey Equipment Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Land Survey Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Robert Bosch GmbH Financial Performance
Table 76: Stonex Srl Financial Performance
Table 77: Hexagon AB Financial Performance
Table 78: Garmin Ltd. Financial Performance
Table 79: Nikon-Trimble Co. Ltd. Financial Performance
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