The new report by Expert Market Research titled, ‘Global Land Survey Equipment Market Global Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global land survey equipment market, assessing the market based on its segments like product, industry, application, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 6.20%
The growth of global land surveying market is driven by the demand from developing countries. The increasing investment from emerging economies in infrastructure construction to rapidly urbanise their cities, necessitates land surveying and thus boosting demand growth. Additionally, the growth of the market is aided by the increasing number of commercial infrastructure projects.
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The efficiency of construction improves as land surveying effectively provides a project outlook, prompting engineers to implement new land surveying technologies. Further, the growing importance of spatial planning and effective land use is expected to push the growth in the forecast period.
Land Survey Equipment Industry Definition and Major Segments
Land surveying is a method of determining the terrestrial structure or three-dimensional locations of points, as well as the distances and angles between them, using analytical methods. The primary purpose of this equipment is to map out boundaries and outlines, for the purposes of determining ownership or other requirements by the government or other services. The perimeters are defined using elements such as geometry, regression analysis, physics, and so on. The procedure is carried out using GNSS receivers, 3D scanners, and theodolites, among other things.
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Based on product, the market is divided into:
3D Laser/Laser Scanners
Unmanned Aerial Vehicles
Total Stations and Theodolites
On the basis of application, the market is segmented into:
Inspection and Monitoring
By industry, the market is categorised into:
Oil and Gas
Based on end use, the market is segregated into:
On the basis of regional markets, the industry is divided into:
Middle East & Africa
Land Survey Equipment Market Trends
Regionally, the Asia Pacific is projected to be the largest shareholder in the global land survey market due to strong demand from developing economies. The rising in construction sector due development of infrastructure and rapid urbanisation in growing economies such as China and India, are expected to propel the growth of the market. Additionally, the advancement of 3D mapping technology will aid to the growth. Meanwhile, Middle East & Africa and Latin America are going to witness significant growth due to increasing infrastructure activities. North America and Europe are expected to see a moderate growth in the forecast period.
Key Market Players
The major players in the market are Topcon Corporation, Trimble Inc., Leica Geosystems AG, Guangdong Kolida Instrument Co., Ltd., CHC Navigation, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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