PUBLISHER: The Business Research Company | PRODUCT CODE: 1436429
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436429
Land survey equipment pertains to the tools employed in surveys for measuring and identifying both natural and man-made features on land. This process involves applying principles from mathematics, geometry, and other sciences.
The primary products within the land survey equipment market include GNSS systems, total stations and theodolites, levels, 3D laser/laser scanners, unmanned aerial vehicles (UAVs), and other related items. GNSS systems encompass Global Navigation Satellite Systems, constituting any satellite constellation that offers global or regional positioning, navigation, and timing (PNT) services. Applications of land survey equipment extend to inspection, monitoring, volumetric calculations, layout points, and more, spanning across industries such as transportation, energy and power, mining and construction, forestry, scientific and geological research, precision agriculture, disaster management, and various others. The solutions provided include hardware, software, and services, catering to diverse end-users, including commercial, defense, and service providers.
The land survey equipment market research report is one of a series of new reports from The Business Research Company that provides land survey equipment market statistics, including land survey equipment industry global market size, regional shares, competitors with a land survey equipment market share, detailed land survey equipment market segments, market trends and opportunities, and any further data you may need to thrive in the land survey equipment industry. This land survey equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The land survey equipment market size has grown strongly in recent years. It will grow from $7.56 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historic period can be ascribed to increased accessibility to geospatial data, advancements in remote sensing, efforts in environmental conservation and management, the utilization of mapping and geographic information systems (GIS), and the impact of industrialization and resource exploration.
The land survey equipment market size is expected to see strong growth in the next few years. It will grow to $11.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be credited to the increase in infrastructure projects, the rising demand in the real estate sector, the expansion of urban development, the emergence of new geospatial applications, and the emphasis on environmental monitoring and conservation. Key trends expected in the forecast period encompass a focus on sustainability and eco-friendly solutions, the development of smart and connected instruments, the creation of user-friendly interfaces, the integration of automation and robotics in surveying, and an increased emphasis on precision and accuracy.
The expansion of the construction industry is set to drive the growth of the land survey equipment market in the foreseeable future. The construction industry involves the planning, design, and execution of building structures and infrastructure projects, covering a spectrum of residential, commercial, and civil engineering activities. Land survey equipment plays a crucial role in construction by providing accurate mapping and measurements of land features, ensuring precise placement of foundations and adherence to project specifications. As reported in October 2021 by Oxford Economics, a UK-based economic information services company, the global construction output amounted to $10.7 trillion in 2020. The projection for the period between 2020 and 2030 anticipates a substantial increase of 42%, equivalent to $4.5 trillion, reaching a total of USD 15.2 trillion. Hence, the growth in the construction industry serves as a driving force for the land survey equipment market.
The increasing embrace of renewable energy sources is poised to drive the growth of the land survey equipment market in the foreseeable future. Renewable energy sources, characterized by sustainability and natural replenishment, include sunlight, wind, and hydropower, utilized for power generation with minimal environmental impact. Land survey equipment plays a crucial role in conducting precise site assessments, determining optimal locations for solar panels and wind turbines, and ensuring efficient land utilization. This contributes to effective planning and implementation of clean renewable energy projects. As of December 2021, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, projected that renewables would constitute nearly 95% of the increase in global power capacity by 2026, with solar PV emerging as the primary contributor, contributing to over half of this expansion. Hence, the increasing adoption of renewable energy sources stands as a key driver propelling the growth of the land survey equipment market.
Prominent companies in the land survey equipment market are actively engaged in the development of innovative solutions, with a focus on advancements such as geospatial solutions to enhance efficiency and maximize their market profitability. Geospatial solutions encompass technologies and services dedicated to analyzing and interpreting spatial data, facilitating tasks such as mapping, location-based decision-making, and information visualization. As an example, in October 2022, eSurvey GNSS, a China-based manufacturer and exporter specializing in land survey equipment, introduced four new products: the eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These upgraded offerings are optimized to improve efficiency across various applications, including construction, land survey, agriculture, and the geospatial industry. The eRTK10 features visual technology for immersive 3D stakeout, the eSA2 provides professional-level positioning data to Android and iOS devices, the eHLS1 Handheld Lidar Scanner employs high-precision SLAM technology for 3D reconstruction without GNSS dependence, and the eTS8 Total Station ensures reliable and accurate results in survey tasks.
Key companies in the land survey equipment market are concentrating on the development of advanced technologies, such as GNSS RTK technology, to deliver precise surveying experiences and secure a competitive advantage. GNSS RTK (Global Navigation Satellite System Real-Time Kinematic) technology represents a high-precision positioning method that utilizes satellite signals to achieve real-time, centimeter-level accuracy in surveying and mapping applications. For instance, in September 2022, SingularXYZ, a manufacturer based in China specializing in GNSS, introduced the TS1000 total station, seamlessly integrating traditional optics with GNSS RTK technology. Designed to be compatible with the SingularPad field surveying software, it facilitates seamless surveying tasks employing both total stations and RTK receivers. The TS1000 boasts a larger screen, detailed status information, and user-friendly operation for enhanced work efficiency. With a measurement range of up to 1000 meters and 2mm accuracy, it supports various surveying functions, offering users a fresh and improved experience.
In October 2021, Hexagon AB, an information technology company headquartered in Sweden, successfully acquired Infor's EAM business for an undisclosed sum. This strategic move by Hexagon AB is intended to deliver a superior SaaS-based asset management solution, encompassing asset tracking, digitized maintenance operations, and facilitating operational efficiency for customers across various industries. Infor, a U.S.-based enterprise software company, was the previous owner of the EAM (Enterprise Asset Management) business.
Major companies operating in the land survey equipment market report are Robert Bosch GmbH, Stonex Srl, Hexagon AB, Garmin Ltd., Nikon-Trimble Co. Ltd., Trimble Inc., Trimble Navigation Limited, 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., KSA Land Surveyors Company, 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
Asia-Pacific was the largest region in the land survey equipment market in 2023. The regions covered in the land survey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the land survey equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The land survey equipment market consists of sales of chains and tapes, compasses and clinometers, transits, levels, safety gear, prisms and reflectors, magnetic locators, poles, tripods, and mounts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this land survey equipment market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Land Survey Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on land survey equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for land survey equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The land survey equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.