The land survey equipment market was valued at $6,314.3 million in 2019, and is expected to reach $8,662.1 million by 2027, registering a CAGR of 6.1% from 2020 to 2027. The land survey equipment market products, such as GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, and unmanned aerial vehicles, are used in industries, including construction, oil & gas, agriculture, mining, and disaster management for inspection & monitoring, volumetric calculations, and layout points.
Use of drones has risen globally for videography and photography. They can be remotely operated through computers and smart devices. They are used for surveying and surveillance mainly in the commercial and defense sectors. The land survey equipment market is also driven by urbanization and industrialization in developing countries, where several smart cities are being planned. Land survey is an integral part of the initial planning stage of these cities. It would need surveying and inspection activities before its planning and actual construction process. Therefore, this factor acts as a driver for growth of the land survey equipment market during the forecast period. Moreover, land surveying equipment saves a lot of time in its application process and gives accurate output, owing to its simultaneous data processing in software.
However, many small scale companies offer rental and leasing services on land equipment products, which restrict the direct end-user to buy their own equipment. Leasing & renting of land surveying equipment is a cost-effective option as some end-users need the equipment for a limited time and also save its maintenance cost. In addition, the land survey equipment market needs skilled manpower and technical knowledge about operating the equipment and its software. However, there is lack of such skilled operators in the market. Moreover, data collection and upgraded data management systems using advanced software and equipment are expected to boost the land survey equipment market during the forecast period.
Furthermore, the land survey equipment market is segmented into product, industry, and application. On the basis of product, the market is divided into GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, unmanned aerial vehicles (UAVs), and others. Depending on industry, it is classified into construction, oil & gas, agriculture, mining, disaster management, and others. Based on application, it is segregated into inspection & monitoring, volumetric calculations, and layout points.
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The major players profiled in the land survey equipment market include Hexagon, Hi-Target, Hudaco Industries Limited, Kolida Instrument Co., Ltd., Robert Bosch GmbH, Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Stonex, Suzhou Foif Co., Ltd., Topcon Corporation, and Trimble Inc. For instance, in August 2020, Hexagon launched the new GNSS RTK rover, which functions with Leice’s GS18 T. It has a powerful visual positioning technology for best land survey.
Major companies in the market have adopted strategies, such as business development, acquisition, and product launch, to offer better services to customers in the land survey equipment market.
Key benefits for stakeholders
– The report provides an extensive analysis of the current and emerging land survey equipment market trends and dynamics.
– In-depth analysis of the land survey equipment market is conducted by estimations for the key segments between 2020 and 2027.
– Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
– A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
– The market forecast analysis from 2020 to 2027 is included in the report.
– The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.
Key market segments
o GNSS Systems
o Total Stations & Theodolites
o 3D Laser/Laser Scanners
o Unmanned Aerial Vehicles (UAVs)
o Oil & Gas
o Disaster Management
o Inspection & Monitoring
o Volumetric Calculations
o Layout Points
o North America
Rest of Europe
Rest of Asia-Pacific
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Hudaco Industries Limited
Kolida Instrument Co., Ltd.
Robert Bosch GmbH
Shanghai Huace Navigation Technology Ltd. (CHC Navigation)
Suzhou Foif Co., Ltd.