The Land Survey Equipment Market Size was valued at $9,995.40 million in 2022 and is estimated to reach $17,154.10 million by 2032, exhibiting a CAGR of 5.6% from 2023 to 2032. The land survey equipment market refers to tools for inspection & monitoring, volumetric calculations, and layout points across various industries such as construction, oil & gas, agriculture, mining, and disaster management. The land survey equipment tools include GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, and unmanned aerial vehicles, and others.
The use of drones has increased globally for videography and photography. They can be remotely operated through computers and smart devices. They are used for surveying and surveillance mainly in 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 needs surveying and inspection activities before its planning and actual construction process. Therefore, this factor acts as a driver for the 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.
Moreover, many small-scale companies offer rental and leasing services on land equipment products, which restrict direct end-users from buying their own equipment. Leasing & renting land surveying equipment is a cost-effective option as some end-users need the equipment for a limited time and save its maintenance cost. In addition, the land survey equipment market needs skilled manpower and technical knowledge about operating equipment and its software.
However, the high initial cost and rental and leasing service providers for land survey equipment hamper the growth of the market. Moreover, data collection and upgraded data management systems using advanced software and equipment and technological advancements in land survey methods are expected to boost the land survey equipment market during the forecast period.
The land survey equipment market is segmented on the basis of product, industry, application, and region. By product, the market is categorized into GNSS systems, total stations & theodolites, levels, 3D Laser/Laser scanners, UAVs, pipe lasers, and others. On the basis of industry, the market is classified into construction, oil & gas, agriculture, mining, disaster management, and others. On the basis of application, the market is categorized into inspection & monitoring, volumetric calculations, and layout points.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the highest share of the land survey equipment market and LAMEA is anticipated to grow at the highest CAGR during the forecast period.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2022, Hi-Target launched a real-time-kinematic (RTK) GNSS receiver that has an eye for visual positioning. The pocket-sized vRTK GNSS RTK System is equipped with professional dual cameras to enable non-contact image surveying. It also has an advanced inertial measurement unit (IMU).
The use of drones has increased globally for videography and photography. They can be remotely operated through computers and smart devices. They are used for surveying and surveillance mainly in 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 needs surveying and inspection activities before its planning and actual construction process. Therefore, this factor acts as a driver for the 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.
Moreover, many small-scale companies offer rental and leasing services on land equipment products, which restrict direct end-users from buying their own equipment. Leasing & renting land surveying equipment is a cost-effective option as some end-users need the equipment for a limited time and save its maintenance cost. In addition, the land survey equipment market needs skilled manpower and technical knowledge about operating equipment and its software.
However, the high initial cost and rental and leasing service providers for land survey equipment hamper the growth of the market. Moreover, data collection and upgraded data management systems using advanced software and equipment and technological advancements in land survey methods are expected to boost the land survey equipment market during the forecast period.
The land survey equipment market is segmented on the basis of product, industry, application, and region. By product, the market is categorized into GNSS systems, total stations & theodolites, levels, 3D Laser/Laser scanners, UAVs, pipe lasers, and others. On the basis of industry, the market is classified into construction, oil & gas, agriculture, mining, disaster management, and others. On the basis of application, the market is categorized into inspection & monitoring, volumetric calculations, and layout points.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the highest share of the land survey equipment market and LAMEA is anticipated to grow at the highest CAGR during the forecast period.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2022, Hi-Target launched a real-time-kinematic (RTK) GNSS receiver that has an eye for visual positioning. The pocket-sized vRTK GNSS RTK System is equipped with professional dual cameras to enable non-contact image surveying. It also has an advanced inertial measurement unit (IMU).
Competition Analysis
Key companies profiled in the land survey equipment market report include 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.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the land survey equipment market analysis from 2022 to 2032 to identify the prevailing land survey equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the land survey equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global land survey equipment market trends, key players, market segments, application areas, and market growth strategies.
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- Installed Base analysis
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- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Product
- GNSS System
- Total stations and Theodolites
- Levels
- 3D laser
- UAV
- Pipe Lasers
- Others
By Industry
- Construction
- Oil and Gas
- Agriculture
- Mining
- Disaster Management
- Others
By Application
- Inspection and Monitoring
- Volumetric Calculations
- Layout Points
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- SUZHOU FOIF CO LTD.
- Trimble Inc.
- Stonex srl
- Hi-Target
- Robert Bosch GmbH (CST/Berger)
- TOPCON CORPORATION
- SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD
- GUANGDONG KOLIDA INSTRUMENT CO., LTD
- Hexagon AB
- HUDACO INDUSTRIES LIMITED (V.I INSTRUMENTS)
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LAND SURVEY EQUIPMENT MARKET, BY PRODUCT
CHAPTER 5: LAND SURVEY EQUIPMENT MARKET, BY INDUSTRY
CHAPTER 6: LAND SURVEY EQUIPMENT MARKET, BY APPLICATION
CHAPTER 7: LAND SURVEY EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the land survey equipment market was valued at $10 billion in 2022, and is estimated to reach $17.2 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.Land survey equipment refer to a set of tools, instruments, and technologies used by land surveyors to accurately measure the land. There are various land survey equipment such as GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, and unmanned aerial vehicles, which are used in industries such as construction, oil & gas, agriculture, mining, and disaster management for inspection & and monitoring, volumetric calculations, and layout points.
The land survey equipment market is mainly driven by a rise in construction activities in developing countries. For instance, the construction industry in the U.S. is expected to grow at a rate of 5% and reach $1.42 trillion by 2024. In addition, the rise in application of remote operation of UAVs has led to a rise in demand for drones. Moreover, advantages related to time-saving and accuracy gained in data output also propel the market growth. In addition, the rise in urbanization across the world has increased the demand to build infrastructure and is expected to boost the demand for land survey equipment. By 2040, the global population is estimated to grow by two billion with the urban population growing by over 40%.
The use of drones has increased globally for videography and photography. They can be remotely operated through computers and smart devices. They are used for surveying and surveillance mainly in 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 needs surveying and inspection activities before its planning and actual construction process. Therefore, this factor acts as a driver for the 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.
Moreover, many small-scale companies offer rental and leasing services on land equipment products, which restrict direct end-users from buying their own equipment. Leasing & renting land surveying equipment is a cost-effective option as some end-users need the equipment for a limited time and save its maintenance cost. In addition, the land survey equipment market needs skilled manpower and technical knowledge about operating equipment and its software.
However, the high initial cost and rental and leasing service providers for land survey equipment hamper the growth of the market. Moreover, data collection and upgraded data management systems using advanced software and equipment and technological advancements in land survey methods are expected to boost the land survey equipment market during the forecast period.
The land survey equipment market is segmented on the basis of product, industry, application, and region. By product, the market is categorized into GNSS systems, total stations & theodolites, levels, 3D Laser/Laser scanners, UAVs, pipe lasers, and others. On the basis of industry, the market is classified into construction, oil & gas, agriculture, mining, disaster management, and others. On the basis of application, the market is categorized into inspection & monitoring, volumetric calculations, and layout points.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the highest share of the land survey equipment market and LAMEA is anticipated to grow at the highest CAGR during the forecast period.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in July 2022, Hi-Target launched a real-time-kinematic (RTK) GNSS receiver that has an eye for visual positioning. The pocket-sized vRTK GNSS RTK System is equipped with professional dual cameras to enable non-contact image surveying. It also has an advanced inertial measurement unit (IMU).Growth of the land survey equipment market is majorly driven by urbanization in developing countries and timesaving yet accurate output of data by advanced computers.
Competition Analysis
Key companies profiled in the land survey equipment market report include 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.Key findings of the study
By product, the GNSS systems segment was the highest revenue contributor in 2022.By industry, the construction segment generated the highest revenue in 2022.
By application, the monitoring & inspection segment generated the highest revenue in 2022.
By region, the Asia-Pacific region had the highest land survey equipment market share in 2022.
The report includes land survey equipment market forecast from 2023 to 2032.
Companies Mentioned
- SUZHOU FOIF CO LTD.
- Trimble Inc.
- Stonex srl
- Hi-Target
- Robert Bosch GmbH (CST/Berger)
- TOPCON CORPORATION
- SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD
- GUANGDONG KOLIDA INSTRUMENT CO., LTD
- Hexagon AB
- HUDACO INDUSTRIES LIMITED (V.I INSTRUMENTS)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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