Authored By: Sarah
27 Jun 2024

 Surveying Equipment Market Size to grow by USD 2726.5 million between 2024-2028

According to a research report “ Surveying Equipment Market” by Application (Land application, Hydrographic application) Product (Total stations and theodolites levels, GNSS system, UAV, Pipe lasers, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2726.5 million, at a CAGR of over 4.46% during the forecast period. The railway market in the Asia-Pacific (APAC) region is witnessing substantial growth due to the investment in enhancing existing rail infrastructure. Over the past decade, global railway investment has surged from 10% to 30%, with a significant portion allocated to APAC countries. This trend is driven by the increasing demand for sustainable and efficient transportation solutions in response to infrastructure saturation in both mature and emerging economies, such as India and China. Rail transport offers numerous advantages, including reduced carbon emissions, improved safety, and increased capacity compared to road and air transport, despite the high initial investment and maintenance costs. These factors, coupled with the geographical, financial, and environmental benefits, make rail transport a compelling investment opportunity for businesses in the APAC region.

Browse market data tables, figures, and in-depth TOC on “Surveying Equipment Market” by Application (Land application, Hydrographic application) Product (Total stations and theodolites levels, GNSS system, UAV, Pipe lasers, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Land application segment is projected to dominate the market size in 2024

In the global surveying equipment market, total stations and theodolites held the largest market share in 2023. These instruments are indispensable in the construction industry for acquiring essential land data for the development of infrastructure projects, including buildings, dams, highways, and bridges. A theodolite is a precision instrument, comprising a telescope mounted on rotating disks or dials, enabling it to measure angles with high accuracy from 0 to 360 degrees horizontally and 0 to 90 degrees vertically. Conversely, a total station combines the functionalities of a theodolite and an electronic distance meter, allowing for the measurement of angles, distances, and elevations during land surveys with utmost precision.

By Product, Total stations and theodolites levels  segment is expected to hold the largest market size for the year 2024

The global Surveying Equipment Market is experiencing significant growth due to substantial investments in infrastructure development by key economies, including the US, Chile, and Brazil. According to industry reports, China, India, and the United States are projected to dominate the global construction output growth. Emerging Asian economies, such as Indonesia, Vietnam, Bangladesh, Thailand, Malaysia, and the Philippines, are also anticipated to witness expansion in their construction markets. Although China's construction sector growth rate is slowing down, it will continue to lead the global construction industry. The Indian government's smart city initiatives are further boosting the construction sector. These factors collectively contribute to the increasing demand for advanced surveying equipment to ensure precision and efficiency in infrastructure projects.

APAC is forecasted to hold the largest market size by region in 2024

The Surveying Equipment Market encompasses innovative technologies and solutions essential for measuring and mapping various terrains. Key players in this sector continually invest in research and development to introduce advanced equipment, such as Total Stations, GNSS Receivers, and 3D Laser Scanners, enhancing productivity and precision in surveying projects. The market's growth is driven by increasing infrastructure development, urbanization, and the need for accurate geospatial data.

The Surveying Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aparna Agencies
  • FARO Technologies Inc.
  • Guangdong Kolida Instrument Co. Ltd.
  • Hexagon AB
  • Kongsberg Gruppen ASA
  • Ohmex Ltd.
  • PASI srl
  • RTX Corp.
  • Robert Bosch GmbH
  • Seafloor Systems Inc.
  • Shanghai Huace Navigation Technology Ltd.
  • South Surveying and Mapping Instruments Co. Ltd.
  • SURVEY COPTER
  • Target Corp.
  • Teledyne Technologies Inc.
  • Thales Group
  • Topcon Positioning Systems Inc.
  • Trimble Inc.
  • Turner Morris
  • Valeport Ltd.
.

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Research Analysis Overview

The Surveying Equipment Market is experiencing significant growth due to the integration of advanced technology, skilled manpower, and time-saving processes. Software solutions are becoming increasingly important, enabling automation and robotics in data collection and analysis. The use of Unmanned Aerial Vehicles (UAVs) and Drones in surveying is revolutionizing the industry, providing accurate and efficient data collection for various sectors like Oil & gas, Renewable energy projects, Transportation networks, and Urbanization. Industrialization has led to the demand for advanced land survey equipment such as Levels, Total stations & theodolites, and Global Navigation Satellite Systems (GNSS). These tools require a skilled workforce and technical knowledge to operate effectively. The Oil & gas industry and other sectors are heavily investing in UAVs and GNSS technology for exploration and infrastructure development. UAVs equipped with GPS/GNSS technology are transforming surveying, offering cost-effective and efficient solutions for large-scale projects. The integration of UAVs with advanced software and sensors is enabling real-time data collection and analysis, reducing errors and increasing productivity. The future of surveying lies in the continued integration of advanced technology, skilled manpower, and time-saving processes.

Market Research Overview

The Surveying Equipment Market encompasses a wide range of technologies and applications, serving various industries such as pipeline management, exploration drilling in the oil & gas sector, mining, agriculture, construction, and more. Advanced software solutions, including Oil & gas software and Mining software, play a crucial role in managing complex projects, facilitating volumetric calculations, monitoring progress, and ensuring inspection and documentation. Layout points are essential for precise surveying, with GNSS antennas and board-level GNSS receivers providing accurate positioning data. Modular GNSS systems and integrated smart antennas offer flexibility and advanced capabilities, while GNSS network solutions ensure reliable and consistent data collection. Land survey methods rely on traditional tools like levels, total stations, and theodolites, as well as cutting-edge technology such as LiDAR systems, drones, and Visual SLAM technology. Industrialization, disaster management, and the nuclear industry also benefit from surveying equipment and services. Advanced software, hardware, and skilled manpower are essential for time-saving processes and data management. Aerial platforms, UAVs, and UAV services, such as those used in renewable energy projects and transportation networks, are increasingly popular. The future of surveying equipment includes automation and robotics, digital twin creation, and smart cities. Technical knowledge and a skilled workforce are key to maximizing the potential of these advanced technologies.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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