NEW
YORK, July 16, 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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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Land
application and Hydrographic application), Product (Total stations
and theodolites levels, GNSS system, UAV, Pipe lasers, and Others),
and Geography (APAC, Europe, North America, Middle East and Africa,
and South America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
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.
|
Key Market Trends Fueling Growth
The global surveying equipment market is poised for significant
growth due to the increasing adoption of unmanned aerial vehicles
(UAVs) for civil applications. UAVs offer numerous advantages, such
as rapid, cost-effective, and automated geospatial data acquisition
in small and medium-sized areas. Both photography and topographic
data can be generated, making UAVs an ideal solution for surveying
hazardous or difficult-to-reach areas without human intervention.
The US, a world leader in drone technology, is investing
extensively in research and development to create the latest drone
technology. The US military's extensive experience with drones has
led to the introduction of programs like UCLASS UAV for
carrier-borne drone capability and research into stealth drones,
high-altitude surveillance drones, and other advanced drone
technologies. Israel and
China are also investing heavily
in drone production. Israel is
producing UAVs for key roles within a broader surveillance-strike
complex, while China has allowed
numerous companies, both state-owned defense enterprises and
private suppliers, to produce and develop UAVs. This has resulted
in a diverse range of drone options for these governments, suitable
for military and counter-terror operations. Therefore, the
increasing use of UAVs in surveying, the US's and Israel's technological advancements, and
China's investment in drone
production are expected to drive the growth of the global surveying
equipment market during the forecast period.
The Surveying Equipment Market is experiencing significant
growth due to trends in GPS/GNSS technology, urbanization,
transportation networks, renewable energy projects, and automation
and robotics. Hardware, software, and services are key areas of
focus, with GPS systems, total stations, theodolites, levels, and
UAVs leading the charge. Urbanization and industrialization require
advanced technology for data collection and processing, leading to
increased demand for skilled workforce and technical knowledge.
UAVs, LiDAR systems, and drones are revolutionizing data collection
and management in industries like mining & construction, oil
& gas, and disaster management. Cutting-edge technology
includes visual SLAM technology, digital twin creation, and
integrated smart antennas. The transportation sector relies on GNSS
network solutions and time-saving processes. Renewable energy
projects and smart cities require advanced software for data
processing and documentation. The market also caters to specialized
industries like nuclear facilities and research and planning.
Modular GNSS systems, board-level GNSS receivers, and antennas are
essential components of survey equipment portfolios. The future of
surveying equipment lies in automation, data management, and
advanced technology.
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Market Challenges
- The construction industry's growth is influenced by economic
conditions, both nationally and regionally. The US and global
economies have experienced moderate to slow growth and significant
volatility, negatively impacting the industry. Economic uncertainty
may cause customers to delay spending due to tighter credit, income
declines, or negative financial news. Non-residential real estate
markets, labor and healthcare costs, access to credit, and
other macroeconomic factors also affect construction demand.
Delayed or canceled projects due to depressed foreign direct
investments and delayed government subsidies are expected to hinder
market growth during the forecast period.
- The Surveying Equipment Market faces challenges in various
industries such as nuclear facilities and construction. The
integration of cutting-edge technology like GNSS systems,
total stations, theodolites, and unmanned aerial vehicles (UAVs or
drones) is crucial for efficient data collection and processing.
The oil & gas industry and disaster management sector heavily
rely on surveying equipment for exploration drilling, pipeline
management, and volumetric calculations. Advanced software and
management systems aid in research and planning, data management,
documentation, and inspection. Industrialization leads to an
increased demand for time-saving processes and skilled manpower.
LiDAR systems and aerial platforms offer solutions for complex land
survey methods. GNSS network solutions, integrated smart antennas,
and modular GNSS systems ensure accurate reference stations. The
agriculture, mining, and mining software industries also benefit
from surveying equipment for layout points and exploration.
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challenges - Download 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
increasing investments in infrastructure projects, particularly in
the construction of bridges, highways, roads, and expressways in
countries like the US, Chile,
Brazil, China, India,
and other emerging Asian economies. The expansion of high-speed
rail networks in China and
Europe, as well as in North America, is a major driver of this
growth. In Europe, there is a
strong demand to connect various regions, while in North America, Mexico, the US, and Canada are investing in high-speed rail to
alleviate traffic congestion. These infrastructure developments
will require advanced surveying equipment to ensure accuracy and
efficiency, leading to the market's continued expansion during the
forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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reports
The global retail automation market is experiencing rapid growth
driven by the demand for enhanced customer experiences and
operational efficiency. Automation technologies such as AI,
robotics, and IoT are transforming traditional retail processes,
including inventory management, checkout systems, and customer
service, leading to reduced costs and improved service
delivery.
The global online survey software market is expanding due to
increasing adoption by businesses for gathering customer feedback,
market research, and employee engagement. Key trends include mobile
compatibility, advanced analytics, and integration with CRM
systems. These platforms enable organizations to streamline data
collection, gain actionable insights, and make informed decisions
swiftly and efficiently.
Research Analysis
The Surveying Equipment Market is experiencing significant
growth due to various factors, including the increasing use of
GPS/GNSS technology in land surveying, urbanization, and the
development of transportation networks. Renewable energy projects
also contribute to the market's expansion, as advanced technology
and automation through robotics and drones are essential for data
collection in these sectors. The market requires a skilled
workforce with technical knowledge to operate the complex land
survey equipment, such as total stations, theodolites, levels, and
GNSS systems. The oil & gas industry and industrialization are
other major drivers, with time-saving processes and data collection
being key benefits. The market is also witnessing the integration
of software solutions to enhance the functionality and efficiency
of surveying equipment.
Market Research Overview
The Surveying Equipment Market is experiencing significant
growth due to various factors, including the increasing
urbanization and transportation networks development, renewable
energy projects, and the need for automation and robotics in the
industry. The market is driven by advanced technology such as
GPS/GNSS technology, which enables time-saving processes and
high-precision data collection. The market also includes hardware,
software, and services, with UAVs, total stations &
theodolites, levels, and LiDAR systems being popular equipment
types. The market caters to various industries, including mining
& construction, smart cities, nuclear facilities, oil & gas
industry, disaster management, and industrialization. The use of
cutting-edge technology, such as digital twin creation, visual SLAM
technology, and advanced software, is becoming increasingly common.
The market also offers solutions for data processing,
documentation, and management systems for research and planning.
The market requires a skilled workforce with technical knowledge
and expertise in various survey methods, such as GNSS network
solutions, integrated smart antennas, modular GNSS systems, and
board-level GNSS receivers. The market also includes reference
stations, inspection, monitoring, volumetric calculations, layout
points, and construction software for agriculture, mining, and oil
& gas industries. Exploration drilling and pipeline management
are also significant applications for surveying equipment.
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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