Growing awareness about the benefits of land surveys such as favorable land purchase and deeds are poised to improve adoption of the land survey equipment
The global Land Survey Equipment market is projected to reach $8,662.1 million by 2030, growing at a CAGR of 6.1 %
Covid-19 Impact & Market Status
The report provides an in-depth look at the changing trends and new investment strategies being implemented by business leaders across countries and regions to overcome the difficult circumstances and financial instabilities that have evolved in the aftermath of the pandemic.
Lockdown limitations enforced as a result of the COVID-19 outbreak are anticipated to have a significant impact on the worldwide economy. From the supply side, this effect has been witnessed in the form of sales stagnation and shipment of current orders. Land survey equipment sales have also been impacted by the suspension of as well as the slowdown of building and construction projects.
The public construction sector is still a significant part of the economy, although it has yet to regain its pre-COVID-19 growth rate. To solve this, governments all over the world have implemented a variety of initiatives to boost the civic building sector's growth. Tax relief, subsidies, and other measures are among them. Demand for land survey equipment will gradually rebound as the building sector improves.
The research covers some of the most effective industry tactics and practices used by players in both domestic and international markets. Since its emergence in 2019, Covid-19 has expanded rapidly, prompting the World Health Organization to declare Covid-19 a global pandemic and an emergency.
The pandemic's impact is widespread, and the aftermath is severe, wreaking havoc on the global Land Survey Equipment Market. Travel bans, quarantines, and lockdowns have all been imposed as a result of the abrupt pandemic and its consequences.
Supply chain breaches, stock market inefficiencies, and vendor instability are all consequences of these changes. These are continually interfering with industry's usual operations.
During the Pandemic Land Survey Equipment techniques gained significant traction from the healthcare and medical field. Over a dozen machine learning techniques, Land Survey Equipment emerged as a revolutionary option. In medical applications, Land Survey Equipment has achieved enhanced performance. Land Survey Equipment can recognize patterns in very big, complicated datasets. They've been identified as a viable tool for analyzing Covid 19 infected patients.
The impact on the upstream, downstream, and midstream industries has been devastating since the start of the global crisis. The study provides a ready-to-use strategy for dealing with such crises and guiding the global Land Survey Equipment Market toward sustainable growth and systematic improvement.
In the midst of the pandemic, new dynamics have emerged in the worldwide Land Survey Equipment Market, prompting the development of new business models and techniques to recuperate growth and revenue streams.
Inquisitive business players will find sufficient business transformation suggestions in this report, which are critical to maintaining strong rivalry in the pandemic and post-pandemic era global Land Survey Equipment market.
Level Equipment Segment is expected to be attractive in the coming years
Level equipment leads the market in terms of product type, with a large proportion of the market. Level equipment solutions come in a variety of designs, are extremely affordable, and are designed to protect equipment from external dangers in a variety of climates. These machines provide energy-efficient and high-performance solutions, resulting in a market with promising growth potential. Because of the need for performance efficiency and cost-effective solutions, outdoor land survey equipment is projected to remain the top choice.
Construction Industry is expected to account for maximum market share
In the land survey equipment market, the construction industry is expected to have the largest share. By the conclusion of the forecast period, it is expected to account for more than half of the global land survey equipment market. Government and non-government construction are the two sub-segments of the construction business. The Construction industry segment is expected to be dominated by the non-Government sub-segment.
Inspection segment is anticipated to rewarding application area
Due to increased investments in aerial inspection for construction and upstream exploration in oil & gas and mining, as well as automotive for self-driven vehicles, land survey equipment used for inspection is expected to hold a key revenue share in the upcoming years.
APAC would be region of focus for Land Survey Equipment Players
One of the key regions for land survey equipment is Asia Pacific, which is expected to account for the greatest proportion of market share. China, Japan, India, and the rest of Asia Pacific are among the countries included under Asia Pacific. The land survey equipment market in the region is dominated by a number of major competitors. Topcon, a Japanese company, is a major player in the land surveying equipment market. Construction activities and infrastructure development projects especially in countries such as China and India are driving the market growth. Furthermore, India is regarded one of the most attractive countries for FDI in the construction sector; India is expected to emerge as the third largest construction industry; therefore the construction industry and land survey equipment market are expected to grow in lockstep.
The United States has risen to the top of the land survey equipment market in terms of production and consumption, owing to the presence of multiple major companies. This recovery is critical for the land survey equipment industry, since the construction sector contributes for majority of market share of land survey equipment.
Factors such as high-end reflectors and prisms as well as magnetic locators to flare up growth opportunities
For land surveying, land surveying equipment is employed, which is used for both onsite and offsite approaches for measuring and mapping the predetermined region. Construction surveys, location surveys, aerial surveys, topographic surveys, and various other types of surveys are undertaken in a variety of industries, including construction, agriculture, mining, and oil and gas. Developments in networking and GNSS applications catering to land survey equipment and intelligent electronic devices to create rife growth opportunities for the global land survey equipment market. Need for land surveys is rising constantly which are driving the growth of the global land survey equipment market.
Total Stations, GNSS systems, 3Dlaser scanners, UAV, and lasers, among other products, make up the Land Survey Equipment market. Unmanned Aerial Aircraft (UAVs) are remotely piloted aerial vehicles that play an important role in both commercial and defence applications. Commercial drones are used for a variety of tasks, including mapping, surveying, aerial imaging, and aerial photogrammetry. Progress in the research and development initiatives towards UAVs have expanded possibilities in 3D mapping, oil and gas, mining survey owing to UAV adoption in the commercial and civic sectors.
Advances in innovations, technological developments in land survey equipment such as terrestrial laser scanners are ensuring large-scale growth in the global land survey equipment market.
Advances in electrification, non-propulsive systems as well as growing instances of particulate contamination and oil spills are some of the factors interfering growth in the global land survey equipment market. However, rising technical advancements and the growing acceptance of unmanned aerial vehicles (UAVS) in military applications across various regions are offering chances that will boost land survey equipment demand in the foreseeable term.
Furthermore, the use of drones to capture photographs and videos has grown over time. Drone control through computer or smart phone has become popular due to its ability to operate without human interference. In the commercial and defence sectors, it is also utilised for surveying and surveillance. The collected movies and photos are also used for study and planning. The benefits of land survey equipment in activities such as data processing with high time efficiency to stoke growth for the global land survey equipment space.
The increase in demand for land survey equipment over the last decade has necessitated the hiring of experienced personnel to operate it. Manpower development is essential for building a strong, efficient, and well-balanced industrial foundation. High-skilled workers can help with the development of new technologies, policy support for improved market access, and the development of new markets for space applications and services.
The training of operators is a considerable difficulty when using advanced land survey equipment. Operators must master new building processes in order to use modern land survey equipment. Even if it does not take long for operators to grasp the benefits of new instruments and accept the associated obstacles, their deployment into building projects is frequently faced with opposition. In-depth knowledge of the capabilities of the most recent land survey equipment would aid operator efficiency, especially for larger projects requiring a large number of competent operators. As a result, operator training on the most up-to-date land survey equipment is required to ensure the accuracy and precision required for project progress on building sites. Due to the high cost of land survey equipment, there is a growing need for rental and leasing services across all technological and product areas.
The major players of the global Land Survey Equipment Market are Shanghai Huace Navigation Technology Ltd., Topcon, South Surveying & Mapping Instrument Co., Ltd., Hexagon AB, u-Blox Holding AG, Suzhou FOIF Co., Ltd., Trimble, Guangdong Kolida Instrument Co., Ltd., Beijing UniStrong Science & Technology Co., Ltd., Pentax Precision, Satlab Geosolutions AB., Hi-Target Surveying Instrument Co., Ltd., Theis Feinwerktechnik, Nedo, Emlid Ltd, Tianjin Xing Ou Surveying and Instrument Manufacture among others.
Key Developments in the Global Land Survey Equipment Market: a Snapshot
- Sapcorda Services, a joint venture founded by u-blox, Bosch, Geo++, and Mitsubishi Electric that focuses on u-silicon Blox's to cloud strategy and enables u-Blox to innovate and grow its GNSS augmentation services, was entirely bought by u-Blox Holding AG in 2021.
- Leica Geosystems launched the Leica BLK360, a technologically advanced portable 3D image laser scanner, in June 2018. This scanner is mostly utilized in the fields of real estate, architecture, engineering, and construction.
Land Survey Equipment Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | $ 8,662.1 million |
Growth Rate | CAGR of 6.1% during 2020-2030 |
Segment Covered | BY PRODUCT, BY INDUSTRY, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | 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,Trimble Inc |
Key Segments of the Global Land Survey Equipment Market
Product Type Overview
- GIS Asset Collection
- GNSS
- UAV
- Theodolite
- Total Station
- Level Equipment
- Laser Scanning
- Data Collectors
Application Type Overview
- Monitoring
- Inspection
- Layout Points
- Volumetric Calculation
Software Type Overview
- Construction Software
- Agriculture Software
- Mining Software
- Oil & Gas Software
End-User Type Overview
- Construction Software
- Agriculture Software
- Mining Software
- Oil & Gas Software
Industry Type Overview
- Construction
- Government
- Non-Government
- Oil & Gas
- Agriculture
- Mining
- Others
Regional Overview
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- Japan
- Rest of APAC
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
- Saudi Arab
- Rest of MEA