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Land Survey Equipment System Market

Land Survey Equipment System Market

Land Survey Equipment System Market By Product (3D Scanners, UAVs, GNSSs, Theodolite), By Industry (Oil & Mining, Agriculture, Disaster Management), & By Region - Global Forecast 2022-2032

Land Survey Equipment System Market
FACT541MR

Land Survey Equipment System Market Outlook (2022-2032)

The global land survey equipment system market is currently valued at US$ 7.79 billion and is anticipated to expand at a CAGR of 4.6% to reach US$ 12.21 billion by the end of 2032.

Systems for level survey equipment are anticipated to continue to dominate the market. Along with this, the market for GNSS land survey equipment is also expected to expand at a healthy CAGR over the next ten years.

Report Attributes

Details

Land Survey Equipment System Market Size (2022E)

US$ 7.79 Billion

Forecasted Market Value (2032F)

US$ 12.21 Billion

Global Market Growth Rate (2022-2032)

4.6% CAGR

North America Market Share (2022)

26%

Europe Market Share (2022)

23%

Key Companies Profiled

  • Topcon
  • Shanghai Huace Navigation Technology Ltd.
  • South Surveying & Mapping Instrument Co., Ltd.
  • u-Blox Holding AG
  • Trimble
  • Hexagon AB
  • Pentax Precision
  • Nedo
  • Satlab Geosolutions AB.
  • Tianjin Xing Ou Surveying Instrument Manufacture
  • Theis Feinwerktechnik
  • Emlid Ltd
  • Beijing UniStrong Science & Technology Co., Ltd.
  • Hi-Target Surveying Instrument Co., Ltd.
  • Suzhou FOIF Co., Ltd.
  • Guangdong Kolida Instrument Co., Ltd.

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Land Survey Equipment System Consumption Analysis (2017-2021) Vs. Market Forecast Outlook (2022-2032)

In 2021, in the land survey equipment system market, the GNSS segment's revenue increased significantly. During the projected time frame, demand is predicted to increase further, fostering expansion of the overall land survey equipment system market.

The desire for accurate and energy-efficient surveying systems around the world is responsible for the observed market growth. With the development of GNSS technology, demand for land surveying equipment has steadily increased.

For calculating the horizontal and vertical position, distance, and direction of a certain location, several types of land survey equipment have been developed over time.

The expanding usage of contemporary land survey equipment in the construction industry is one of the key reasons fuelling the growth of the global market for land survey equipment systems.

Expanding at a CAGR of 4.6%, the global land survey equipment system market is projected to reach US$ 12.21 billion by 2032.

Land survey equipment system market forecast by Fact.MR

Which Factors are Affecting Sales Growth of Land Survey Equipment Systems?

“High Demand for Land Survey Equipment from Construction & Agriculture Sector Due to Accuracy & Effective Results”

Due to population expansion, there is a greater need for agricultural products. As a result, there is now more demand for land and land surveying.

Additionally, exploration of uncharted territory is inevitable in oil and mining industries. As a result, there is now a greater need for land surveying equipment across the world.

Land surveys benefit from the use of cutting-edge tools, including 3D laser scanners, UAVs, GNSS lasers, and level systems. Land surveyors can now more easily collect data that is automatically shown on their displays and evaluate measures and accuracy with the usage of drones.

As a result, the market for land survey equipment systems has expanded due to the ability of land survey equipment to measure uncharted territories with accuracy.

“Unavailability of Skilled Workers & Environmental Changes Hindering Sales Growth of Land Survey Equipment Systems”

To use this kind of equipment, modern technology also needs modern understanding. Unskilled labour is the main obstacle that the land survey equipment system market must overcome.

Training is necessary due to ongoing changes and emerging technologies. Land surveyors struggle to operate equipment when no training is available. This also slows down the work process.

Another challenge that the market for land survey equipment systems faces is climate variations in different places. It is challenging to take measurements during the spring and monsoon seasons. Additionally, the surveying equipment does not function properly in cold temperatures.

An Adaptive Approach to Modern-day Research Needs

How Can New Market Entrants Evolve in this Space?

“Rapidly Expanding Land Surveying Business Has Room for Innovative Products”

In recent years, tremendous growth has been seen in the construction and agriculture sectors, worldwide. To avoid any kind of loss, especially due to climatic or environmental change, producers are relying on various land levelling solutions.

The rapidly expanding construction sector has become a prime factor boosting the land survey business. New entrants have vast opportunities to produce novel products helpful in land surveying to avoid any kind of unexpected problems.

Which Regional Market is Expected to Generate More Revenue for Land Survey Equipment System Manufacturers?

“Technological Advancements Driving Sales of Land Survey Equipment Systems in North America”

In North America, agriculture is a significant industry. It also exports food on a net basis. Hi-tech land survey solutions are required as modern technologies advance in the agricultural sector.

Equipment for land surveys is now more necessary in this area as a result. In 2022, North America is expected to account for 26% of the global market share.

The market for land survey equipment systems is anticipated to expand significantly in the Asia Pacific region. Urbanization and infrastructure development are set to boost regional market growth.

Additionally, nations in the region are not only experiencing rapid development but are also avidly investing in disaster management. The Asia Pacific land survey equipment system market is expected to expand rapidly as a result of all these factors.

For the manufacture and export of land surveying equipment, China has emerged as a very attractive market. This can be due to rising demand from the construction industry, as well as the use of cutting-edge technology and increased manufacturing capacity.

Why is There High Demand for Level Equipment?

“Level Equipment Systems Highly Beneficial in Measurement of Land & Land Surveys”

Level equipment is expected to dominate the market in terms of volume in 2022, and is the most prevalent product type. Systems to protect equipment from external dangers in a variety of climatic conditions are available in several configurations, which are cost-effective and come in a variety of configurations.

These devices provide high-performance and energy-efficient solutions, offering the market, as a whole, promising growth possibilities. Due to the high demand for improved performance and cost-effective solutions, level equipment is anticipated to stay the top choice for end users.

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What Strategies are Followed by Leading Land Survey Equipment System Suppliers?

“Key Markey Players Focusing on Partnerships to Improve Product Quality”

To increase their capacity for improving their products, companies in the land survey equipment market seek out strategic alliances and partnerships with other producers. In addition, there is a lot of emphasis on mergers and acquisitions.

  • Topcon disclosed a partnership with Boels to offer productivity options for equipment rentals.

Key Segments Covered in Land Survey Equipment System Industry Research

  • Land Survey Equipment System Market by Product :

    • 3D Scanners
    • UAVs
    • GNSSs
    • Theodolite
    • Others
  • Land Survey Equipment System Market by Industry :

    • Oil & Mining
    • Agriculture
    • Disaster Management
  • Land Survey Equipment System Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global land survey equipment system market is likely to expand at 4.6% CAGR through 2032.
The global market is currently valued at US$ 7.79 billion.
By 2032, the market value is predicted to reach US$ 12.21 billion.
Currently, North America accounts for 26% of the global market share.

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