NEW
YORK, June 21, 2024 /PRNewswire/ -- The global
surveying equipment market size is estimated to grow by
USD 2.72 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of over 4.46% during the forecast
period. growth in railway sector in APAC is driving
market growth, with a trend towards growth in
UAV market. However, uncertain macroeconomic conditions
poses a challenge. Key market players include 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, and Valeport
Ltd..
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segments, customer landscape, and companies- View the
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Surveying Equipment
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.46%
|
Market growth
2024-2028
|
USD 2726.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.2
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 49%
|
Key
countries
|
US, China, Germany, UK,
and India
|
Key companies
profiled
|
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, and Valeport Ltd.
|
Market Driver
The global surveying equipment market is anticipated to grow
significantly due to the increasing adoption of unmanned aerial
vehicles (UAVs) for civil applications. UAVs offer rapid,
cost-effective, and automated geospatial data acquisition in small
and medium-sized areas, making them ideal for photography and
topographic data generation. They enable surveying of hazardous or
difficult-to-reach areas without human intervention. The US and
Israel are leading innovators in
drone technology, with the US military and Israeli
surveillance-strike complexes utilizing UAVs extensively.
China is also investing heavily in
drone production, providing the Chinese government with a diverse
range of options for military framework and counter-terror
operations. These factors are expected to fuel market growth during
the forecast period.
The surveying equipment market is experiencing significant
growth, with technologies such as Global Positioning Systems (GPS),
Total Stations, and Laser Levels becoming increasingly popular.
UAVs (drones) are also gaining traction in the industry for aerial
surveying and mapping. New technologies like 3D scanning and LiDAR
are transforming the way surveys are conducted. Robotic total
stations and automatic leveling systems are making surveys more
efficient and accurate. The use of software for data processing and
analysis is also on the rise. The market is expected to continue
growing due to the increasing demand for accurate and efficient
surveying solutions. The trend towards automation and integration
of various surveying technologies is driving innovation in the
industry.
Research report provides comprehensive data on
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Report
Market Challenges
- The Surveying Equipment Market faces challenges due to economic
instability and uncertainty. Moderate to slow growth and volatility
in the US and global economies negatively impact the industry.
Delayed or canceled construction projects result from factors such
as tighter credit, declining income, asset values, and financial
news. Additionally, non-residential real estate markets, labor and
healthcare costs, access to credit, and other macroeconomic factors
influence market demand. Economic growth uncertainty has suppressed
Foreign Direct Investments (FDIs) and delayed government subsidies,
further hindering market growth during the forecast period.
- The surveying equipment market faces several challenges in the
current technology-driven era. One major challenge is keeping up
with the latest advancements in technology. Equipment like drones,
GNSS systems, and 3D scanners are increasingly being used in the
industry. Additionally, data management and analysis are becoming
crucial for effective decision-making. However, the high cost of
these advanced technologies and the need for continuous upgrades
pose a significant challenge for small and medium-sized businesses.
Another challenge is ensuring accuracy and reliability in the data
collected, especially in complex and challenging terrains. Proper
training and calibration of equipment are essential to address this
issue. Furthermore, regulatory compliance and data security are
growing concerns that require constant attention.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This surveying equipment market report extensively covers market
segmentation by
- Application
- 1.1 Land application
- 1.2 Hydrographic application
- Product
- 2.1 Total stations and theodolites levels
- 2.2 GNSS system
- 2.3 UAV
- 2.4 Pipe lasers
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Land application- The global surveying
equipment market is experiencing significant growth due to
increased investments in infrastructure projects in countries like
the US, Chile, Brazil, China, India,
and emerging Asian economies. The construction output is predicted
to increase substantially in these regions, particularly in
China and India, driven by smart city initiatives and
high-speed rail development. In Europe and North
America, high-speed rail projects are also underway, leading
to increased demand for surveying equipment. These factors are
expected to fuel the growth of the land application segment in the
global surveying equipment market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Surveying Equipment Market encompasses a range of advanced
technologies, including GPS/GNSS and land survey equipment, that
play a crucial role in urbanization and transportation networks.
These technologies facilitate the efficient collection of data for
renewable energy projects and the industrialization of sectors such
as oil & gas. Automation and robotics, including total
stations, theodolites, levels, and unmanned aerial vehicles (UAVs
or drones), streamline processes and save time. A skilled workforce
with technical knowledge is essential for operating and maintaining
these sophisticated systems. Software solutions further enhance the
capabilities of surveying equipment, enabling precise and accurate
data analysis.
Market Research Overview
The Surveying Equipment Market encompasses a range of
technologies and instruments used to measure and record geodetic,
topographic, and construction data. These tools include total
stations, theodolites, GPS receivers, laser levels, and 3D
scanners. The market is driven by the increasing demand for
accurate and efficient surveying solutions in various industries
such as construction, mining, oil and gas, and transportation.
Advanced technologies like GNSS (Global Navigation Satellite
Systems) and LiDAR (Light Detection and Ranging) are
revolutionizing the surveying industry with their high precision
and speed. The market is expected to grow significantly due to the
increasing adoption of these advanced technologies and the rising
need for infrastructure development in emerging economies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- 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
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
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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SOURCE Technavio