Land Survey Equipment Market Size, Share, Growth 2023-2029
The global land survey equipment market size was valued at USD 7,543.2 million in 2022 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2023-29. The primary factors that drive the market are the requirement for contemporary land survey equipment and the advantages of electronic devices in leading land surveys. The global land survey equipment market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In November 2021, Cansel and AllTerra Central acquired Allen Instruments & Supplies to expand their business.
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The global land survey equipment market segmentation:
- By Application: Inspection, Monitoring, Volumetric Calculations, Layout Points, Others
- By Industry: Transportation, Energy & Power, Mining & Construction, Forestry, Scientific & Geological Research, Precision Agriculture, Disaster Management, Others
- By Solution: Hardware, Software, Services
- By End Use: Commercial, Defense, Service Providers
Based on application type, inspection holds the highest market share. The major factor for the rise of this segment is that agriculture, construction, disaster-stricken areas, and mining, and are inspected with land surveying equipment to guarantee the intended safety and outputs. GNSS, 3D scanners, and total stations & theodolites for precise inspection of the building, mining sites, and agriculture have become more predominant. A distant inspection of construction, mining operations, and agriculture saves energy and time. These factors can drive the global land survey equipment market growth.
North America Land Survey Equipment Market
North America, leads the global land survey equipment market growth due to growing software for construction in the U.S. This software allows the organization of data flow and plays a vital part in enhancing productivity. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of land survey equipment in this region. Apart from this, the major factor that drives the market in this region is the growing use of land survey equipment for civil engineering in Canada.
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Key players’ profiles in the survey equipment market report are Robert Bosch (CST/Berger), Hexagon AB, Hi-Target Navigation Technology Corporation, Hudaco Industries Limited (V.I Instruments), Kolida Instrument Co., Ltd., Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Stonex, Suzhou Foif Co.,Ltd., Topcon Corporation, and Trimble Inc.
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