Global Land Survey Equipment Market to reach USD xx billion by 2027.Global Land Survey Equipment Market is valued approximately at USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2021-2027. Land survey equipment are used for inspection and monitoring, volumetric calculations, and layout points in industries such as construction, oil & gas, agriculture, mining, disaster management, and others. The major driving factor for the market growth is the significant advancement in the market value of Unmanned Aerial Vehicles (UAVs) globally to ensure proper inspection and monitoring of remote locations in less time duration. According to Statista, the global UAV market value is estimated to grow from USD 25.59 Billion in 2018 to USD 70.28 Billion by 2029. The other driving factor for the market growth is the favorable government policies and initiatives. For instance, in September Indian Government announced to complete the survey and mapping of about 6.62 lakh villages in the country by 2024 through procurement of 200 drones to expedite land mapping. Also, in July 2021, Africa Open DEAL initiative in Africa completed the collection of accurate, comprehensive and harmonized land use change data and digital land use. However, lack of skilled labor and technical knowledge which limits the adoption of advanced technologies, thereby impede the market growth in projection period. Furthermore, technological advancements, new product launches and rising research and development activities offer opportunities for land survey equipment market in forecasting years.
The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the global Land Survey Equipment market. The market is dominated by Asia Pacific, which is expected to maintain a significant CAGR over the forecasting years due to favorable government efforts and guidelines, rise in construction industry and increasing initiatives by private players in the region.
Major market player included in this report are:
Hexagon
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
Trimble Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Total Stations
GNSS
Level Equipment
Laser Scanning
Data Collectors
Unmanned Aerial Vehicles (UAVs)
Theodolite
GIS Asset Collection
By Application
Inspection
Monitoring
Volumetric calculations
Layout points
By End Use
Oil & gas
Construction
Mining
Agriculture
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Land Survey Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors