Summary

Global Land Survey Equipment Market is expected to grow at a significant rate of around 7% during the forecast period. Surveying is defined as the process of determining the relative position of points on, above, or below the earth's surface by directly or indirectly measuring distance, direction, and elevation. Land survey equipment refers to various tools used for inspection and monitoring, volume calculations, and layout points in industries such as construction, oil and gas exploration, agriculture, and mining. These tools include GNSS, theodolites, laser scanning, UAVs, levels, total stations, and data collectors.

The growing adoption of land surveying equipment is mainly attributed to the rapidly growing urbanization and industrialization across regions. Also growing construction of smart cities in various regions is expected to significantly influence the market growth during the forecasted period. For instance, according to postscapes, more than 1.3 million people are moving into cities each week across the world. Additionally, growing technological advancements in land surveying equipment such as the use of drones for capturing images and videos are expected to drive the market during the forecast period.

Bosch Limited, Hexagon AB, Hi-Target, Hudaco, GUANGDONG KOLIDA INSTRUMENT CO LTD, Shanghai Huace Navigation Technology Ltd, StoneX Group Inc, Topcon, Trimble Inc, and M&P Survey Equipment Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst solution, hardware category to hold share in the market in 2021”
Based on solution, the market is segmented into hardware, software, and services. The hardware segment is expected to grow with a significant share and is expected to maintain this throughout the forecast period. The hardware segment includes hardware such as a theodolite, a total station, 3D scanners, and GPS/GNSS, etc. Furthermore, rising cost-effectiveness and wide accessibility of unmanned aerial vehicles (UAVs) in land surveying are driving the growth of the market. As the quality of global positioning systems (GPS) improves and camera resolution increases, unmanned aerial vehicles with improved accuracy and precision are increasingly preferred, driving industry growth. In addition, the versatility of unmanned aerial vehicles (UAVs), offering different viewing angles, image types, altitudes, readings, etc., is a major contributor to the market growth.

“Amongst industry, the oil and gas to hold a significant share in the market in 2021”
On the basis of industry, the market is segmented into construction, oil & gas, agriculture, mining, disaster management, and others. The oil and gas segment led the land survey equipment market in 2021. Accurate information is essential for oil and gas infrastructure development and products hence land survey instruments are used to analyze and evaluate the land to drive market growth.

“APAC to grow at a significant CAGR during the forecast period, i.e., 2022-2028”
APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing prevalence of off-road recreational activities backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Furthermore, the growing mining and land surveying activities in the region is expected to significantly influence the market during the forecast period. For instance, according to a study conducted by make in India, India is home to 1,531 operating mines and produces 95 minerals, which includes 4 fuels, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials).

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global land survey equipment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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