The global land survey equipment market is expected to rise at a CAGR of 6% over the forecast period of 2021 to 2031. The growth in demand is strengthened by rising construction activities in the government and private sectors. The critical need for land surveying equipment in construction activities to plan construction process, calculate land volume metrics,… Read More »Land Survey Equipment Market 2021 | Scope of Current and Future Industry 2031
Land Survey Equipment Market Analysis: Trends from 2021 to 2031
The global land survey equipment market is
expected to rise at a CAGR of 6% over the forecast period of 2021 to
2031. The growth in demand is strengthened by rising construction
activities in the government and private sectors.
The critical need for land surveying equipment in construction
activities to plan construction process, calculate land volume metrics,
and finalize legal boundaries will bolster its demand during the
forecast period. Advent of GIS Asset and GNSS systems will further
augment growth as they help in detecting accurate location of site and
asset, thus enabling easy tracking of construction activities for
developers.
Neglected safety measures and increasing incidents of accidents have
increased the demand for safe environment. Several industries have
adopted safe and reliable land survey equipments to inspect and monitor
remote locations when manual monitoring is not possible. These factors
will encourage growth in the land survey equipment market.
Investments in research and development activities by land survey
equipment manufacturers is increasing in response to the surging demand
for advanced and better products. Adoption of new manufacturing
strategies to reduce costs is further enabling growth in the land survey
equipment in global market. Cloud based data acquisition unmanned
aerial vehicle are some of next generation technologies that will change
market dynamics in the future.
According to FMI’s analysis, Asia Pacific is expected to dominate the
global market during the forecast period owing to new guidelines and
government initiatives.
“There is increasing focus on diversifying portfolio. Companies
are therefore investing in research and development to gain competitive
edge. Besides this, strategic collaborations will remain a key strategy
adopted by market players for strengthening their footprint,” remarks
the FMI analyst.
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Key Takeaways:
- North America and Europe will exhibit increasing demand backed by high investment in construction activities
- GNSS systems are highly sought-after and are expected to remain top-selling product type in the market
- East Asia will emerge as a lucrative market, registering high sales in China and Japan.
- Volumetric calculations and layout points will cover considerable share in the market
Drivers:
- Demand from oil & gas, mining, and construction industries is supporting growth in land survey equipment in the global market.
- Advanced
and automated technologies such as robotic total stations, deliver 3D
coordinates for moving and stationary operations. Companies are
including various robotic features such as speeded-up robust feature
(SURF) and scale invariant feature transform (SIFT) that track and
monitor numerous activities. These features will further aggravate
demand for land survey equipment. - Global Navigation Satellite
System (GNSS) is becoming integral in land survey equipment industry as
this technology delivers orthomosaic images and 3D models san Ground
Control Points (GCPs) that save time spent on surveying and planning.
Thus it is being rapidly adopted - Rise of mining operations to
cater increasing demand for coal and minerals in Russia, the U.S.,
and China are encouraging demand for land survey equipment. The
operators are required to survey land for regulations and prevent
boundary disputes.
Key Restrains:
- COVID-19 pandemic has impacted the construction and building
industry amid lockdowns imposed across the globe. This has delayed and
hampered the market growth for 2020 and 2021. - GPS systems in dense forest cannot provide land positioning and exact data. This can further hamper market opportunities.
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Competitive Landscape
Key players in the market are focusing on investing in research
institutes across numerous regions to improve their offerings and
diversify product portfolio. They are also adopting numerous other
strategies such as digital marketing, partnership agreements, and
acquiring technical expertise among others to strengthen their
footprint. For instance:
- Trimble and Amberg Technologies collaborated to software and
hardware combination tunnel survey solution. The solution helps during
underground tasks such as automated survey, control, excavation
guidance, and so on. - Trimble launched the Trimble Roadworks 3D
Paving Control Platform for Asphalt Pavers. It is an automatic 3D screen
control system to improve paving productivity and ride ability while
minimizing asphalt usage and reducing waste.
Some of the leading players in the land survey equipment market profiled by FMI are:
- Trimble Inc.
- Suzhou Foif Co., Ltd.
- Topcon Corporation
- Hexagon AB
- Hi-Target Navigation Technology Corporation
- Stonex
- CHC Navigation
- CST/Berger
- South Surveying & Mapping Instrument Co. Ltd.
- Guangdong Kolida Instrument Co.
More Insights on FMI’s Land Survey Equipment Market
The latest market study on the global land survey equipment market y
Future Market Insights gives a detailed segmentation for the forecast
period of 2021-2031. In order to gain a better perspective of the global
market potential, its growth, trends, and opportunities, the market is
segmented on the basis of:
Product Type
- GNSS
- Theodolite
- Level Equipment
- Total Station
- Laser Scanning
- UAV
- GIS Asset Collection
- Data Collectors
Application
- Inspection
- Monitoring
- Volumetric Calculation
- Layout Points
End Use
- Oil & Gas
- Construction
- By Government
- By Non-Government
- Mining
- Agriculture
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
- Japan
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