Global sales of land survey equipment are set to be valued at over US$ 6.0 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 7.8% CAGR from 2021 to 2031.
The land survey equipment market is expected to register year-on-year growth at 6.7% in 2021, with the overall valuation forecast to reach US$ 6.0 Bn. As per a Future Market Insights (FMI) analysis, sales of land survey equipment is expected to increase at 7.8% CAGR between 2021 and 2031.
Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6805
According to the study, the overall land survey equipment market worth is expected to reach US$ 12.8 Bn by 2031. Level survey equipment systems are expected to remain dominant among products available. Meanwhile, the demand for global navigation satellite system (GNSS) land survey equipment will increase by 6.7% CAGR in 2021.
According to Future Market Insights, increase in construction activities across the world has led to stronger demand for land survey equipment. Rapid technological advancements in global navigation satellite system (GNNS) and survey equipment are also projected to complement market growth in the near future.
Leading manufacturing companies are focusing on expanding their production and distribution capacities in various countries either by opening new facilities or by conducting strategic merger and acquisition activities. To improve their industrial research activities, some companies are collaborating directly with regional manufacturers.
China has emerged as a highly lucrative market for the production and export of land survey equipment. This can be attributed to increasing demand from construction sector, coupled with the adoption of advanced technologies and higher production capacities.
By Segmentation:
By Product Type:
- GNSS
- Theodolite
- Level Equipment
- Total Station
- Laser Scanning
- UAV
- GIS Asset Collection
- Data Collectors
By Application:
- Inspection
- Monitoring
- Volumetric Calculation
- Layout Points
By End Use:
- Oil & Gas
- Construction
- By Government
- By Non-Government
- Mining
- Agriculture
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-6805
Competitive Landscape
Companies operating in the land survey equipment market are aiming for strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity. Besides this, the focus on mergers and acquisitions is significantly high.
- For instance, in 2021, u-Blox Holding AG wholly acquired Sapcorda Services, a joint venture formed by u?blox, Bosch, Geo++, and Mitsubishi Electric which works on u-Blox’s silicon to cloud strategy and enables to innovate and grow its GNSS augmentation services.
- In 2021, Hexagon Leica launched new LiDAR system Leica CityMapper-2L configuration enables digital twin creation of cities in complex weather and congested flight operation areas
- 2019, Trimble Inc. acquired Cansel Survey Equipment’s Can-Net and AllTerra New Zealand’s iBase networks expand Its VRS network footprint.
Major Key Player:
- Topcon
- Shanghai Huace Navigation Technology Ltd.
- South Surveying & Mapping Instrument Co., Ltd.
- u-Blox Holding AG
- Trimble
- Hexagon AB
- Beijing UniStrong Science & Technology Co., Ltd.
- Hi-Target Surveying Instrument Co., Ltd.
- Suzhou FOIF Co., Ltd.
- Guangdong Kolida Instrument Co., Ltd.
- Pentax Precision
- Nedo
- Satlab Geosolutions AB.
- Tianjin Xing Ou Surveying Instrument Manufacture
- Theis Feinwerktechnik
- Emlid Ltd
Ask Us Your Questions About This Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-6805
The ongoing crisis caused by the COVID-19 pandemic has resulted in the disruption of supply chain and construction activities. Though sales of land survey equipment plummeted during the initial stages of the pandemic, with regional construction sector operations reviving toward threshold rates and with the continual demand for energy-efficient solutions, land survey equipment market is expected to register impressive growth trajectory for the foreseeable future.
Demand for land survey equipment is increasing also on account of the advancements in automotive and marine application. With increasing fleet of connected and autonomous vehicles coupled with increasing use of GNNS systems in small marine application, the land survey equipment market is set to get substantial boost from it.
Increasing number of players focusing on research and development related to Land Survey equipment is anticipated to contribute towards market growth in the years to come.