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“Increasing construction activities in emerging economies is one of the significant factors driving the land survey equipment market.”
The land survey equipment market is projected to reach USD 8.70 billion by 2022, at a CAGR of 7.67% from 2017 to 2022. The infrastructure industry focuses on accurate and error-free designs and engineering of projects such as railways, bridges, commercial and residential multi-storey buildings, and airports. This has led to an increased demand for land survey equipment for carrying out operations, such as distance measurement, dredging, scanning, and accurate mapping. However, land survey equipment manufacturers face challenges due to increased rental and leasing services of land survey equipment. This has a direct impact on their sales revenue, thus restraining the growth of the land survey equipment market.
“The layout points application segment is estimated to account for the largest share of the land survey equipment market in 2017.”
Based on application, the layout points segment is estimated to account for the largest share of the land survey equipment market in 2017. Land survey equipment manufacturers are focused on the use of IT for layout planning; for example, 4D simulations, artificial intelligence, virtual reality, and Building Information Modelling (BIM), which can optimize layout planning during various construction phases, thus contributing to the growth of the market.
“The construction industry segment of the land survey equipment market is projected to grow at the highest CAGR during the forecast period.”
Based on industry, the construction segment of the land survey equipment market is projected to grow at the highest CAGR from 2017 to 2022. Land survey equipment are used in the construction industry for the measurement, mapping, and monitoring of construction sites. The development of smart cities and the growth of the global construction market are some of the factors driving the construction industry.
“Asia Pacific is estimated to be the largest market for land survey equipment in 2017.”
The Asia Pacific is the largest land survey equipment market, owing to the presence of prominent players of the land survey equipment market, such as Topcon (Japan), Hi-Target (China), and CHC-Navigation (China) in the region. China is rapidly adopting the BIM software for various architecture, engineering, and construction activities in the country. In January 2017, the Building and Construction Authority (BCA) of Singapore forecast that the value of construction contracts in 2017 will reach USD 20-25 billion.
Break-up of profile of primary participants in the land survey equipment market:
- By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation – C Level – 35%, Director Level – 25%, and Others – 40%
- By Region – North America - 45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%
Major companies profiled in the report include Trimble (US), Hexagon (Sweden), Topcon (Japan), Meggitt PLC (UK), Hi-Target (China), CHC-Navigation (China), Suzhou FOIF (China), Stonex (Italy), etc.
This research report categorizes the land survey equipment market on the basis of product, industry, application, software, end user, and region. Based on product, the land survey equipment market has been segmented into GNSS systems, total stations & theodolites, levels, 3D laser scanners, lasers, and Unmanned Aerial Vehicles (UAVs). Based on industry, the land survey equipment market has been segmented into construction, oil & gas, mining, agriculture, and disaster management. Based on application, the land survey equipment market has been segmented into inspection, monitoring, volumetric calculations, and layout points. Based on software, the land survey equipment market has been segmented into construction software, oil & gas software, mining software, and agriculture software. Based on end user, the market has been segmented into commercial, defense, and research. The land survey equipment market has been studied in North America, Europe, Asia Pacific, Africa, Middle East, and Latin America.
Reasons To buy this report:
From an insight perspective, this research report focuses on various levels of analyses ? industry analysis (industry trends); market share analysis of top players; company profiles; emerging and high-growth segments of the market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on land survey equipment offered by top players in the market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the land survey equipment market
- Market Development: Comprehensive information about lucrative markets – the report analyses the market for land survey equipment across various regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the land survey equipment market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the land survey equipment market