The Land Survey Equipment Market is a rapidly growing industry that is expected to continue its upward trajectory in the coming years. This market is driven by the increasing demand for precise and accurate land surveying services, particularly in the construction and engineering sectors. Land surveying equipment plays a critical role in mapping and measuring the earth’s surface, and it is essential in ensuring the safe and efficient construction of buildings, roads, and other infrastructure projects. The market is characterized by the development of advanced and sophisticated equipment such as GPS, laser scanners, and drones that offer enhanced accuracy, speed, and efficiency.
The global land survey equipment market was valued at $7.3 billion in 2020, and is projected to reach $13.4 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030
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Top Companies
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
The land survey equipment market growth is mainly driven by rise in construction activities in developing countries. In addition, rise in application of remote operation of UAVs has led to rise in demand for drones. Moreover, advantages related to time saving and accuracy gained in data output also propel the market growth.
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However, lack of skilled manpower operating land survey equipment and analysis technology acts as a restraint for the land survey equipment market. Moreover, renting and leasing of these land survey equipment led to restricted sales of land surveying equipment. In addition, lockdown was announced, owing to the outbreak of COVID-19, which, in turn, led to a halt in construction activities as well as other surveying activities. In addition, mining and oil & gas industries were also operating in limited capacity. This hampered sales of the land survey equipment. However, the upgraded technology used for data collection and its management is expected to boost the land survey equipment industry during the forecast period.
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. By application, it is segregated into inspection & monitoring, volumetric calculations, and layout points.
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