AI-Powered Advancements Propel Land Survey Equipment Market to 7.2% CAGR Surge, Reports Future Market Insights

The size of the world market for land survey equipment was US$ 5,579.8 Million in 2021, and in 2022, it is anticipated to grow to US$ 5,945.3 Million. The overall demand for land survey equipment is also anticipated to increase at a 7.2% CAGR between 2022 and 2032, reaching a market worth of US$ 11,880.6 Million by that year due to expanding applications across numerous sectors.

The critical need for land surveying equipment in construction activities to plan the construction process, calculate land volume metrics, and finalize legal boundaries will bolster its demand during the forecast period. The advent of GIS Asset and GNSS systems will further augment growth as they help in detecting the accurate location of sites and assets, thus enabling easy tracking of construction activities for developers.

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Neglected safety measures and increasing incidents of accidents have increased the demand for a safe environment. Several industries have adopted safe and reliable land survey types of equipment to inspect and monitor remote locations when manual monitoring is not possible. These factors will encourage growth in the land survey equipment market Demand.

Investments in research and development activities by land survey equipment manufacturers is increasing in response to the surging demand for advanced and better products. The adoption of new manufacturing strategies to reduce costs is further enabling growth in land survey equipment in the global market. Cloud-based data acquisition unmanned aerial vehicles are some of the next-generation technologies that will change market dynamics in the future.

According to FMI’s analysis, Asia Pacific is expected to dominate the global market during the forecast period owing to new guidelines and government initiatives.

“There is increasing focus on diversifying portfolio. Companies are therefore investing in research and development to gain a competitive edge. Besides this, strategic collaborations will remain a key strategy adopted by market players for strengthening their footprint,” remarks the FMI analyst.

Key Takeaways From the Land Survey Equipment Market Study:

  • North America and Europe will exhibit increasing demand backed by high investment in construction activities
  • GNSS systems are highly sought-after and are expected to remain the top-selling product type in the market
  • East Asia will emerge as a lucrative market, registering high sales in China and Japan.
  • Volumetric calculations and layout points will cover a considerable share in the market

Drivers:

  • Demand from oil & gas, mining, and construction industries is supporting growth in land survey equipment in the global market.
  • Advanced and automated technologies such as robotic total stations, deliver 3D coordinates for moving and stationary operations. Companies are including various robotic features such as speeded-up robust feature (SURF) and scale-invariant feature transform (SIFT) that track and monitor numerous activities. These features will further aggravate demand for land survey equipment.
  • Global Navigation Satellite System (GNSS) is becoming integral in land survey equipment industry as this technology delivers orthomosaic images and 3D models san Ground Control Points (GCPs) that save time spent on surveying and planning. Thus it is being rapidly adopted
  • Rise of mining operations to cater increasing demand for coal and minerals in Russia, the U.S., and China are encouraging demand for land survey equipment. The operators are required to survey land for regulations and prevent boundary disputes.

Key Restraints:

  • The COVID-19 pandemic has impacted the construction and building industry amid lockdowns imposed across the globe. This has delayed and hampered the market growth for 2020 and 2021.
  • GPS systems in dense forest cannot provide land positioning and exact data. This can further hamper market opportunities.

Competitive Landscape

Key players in the market are focusing on investing in research institutes across numerous regions to improve their offerings and diversify their product portfolios. They are also adopting numerous other strategies such as digital marketing, partnership agreements, and acquiring technical expertise among others to strengthen their footprint. For instance:

  • Trimble and Amberg Technologies collaborated to software and hardware combination tunnel survey solution. The solution helps during underground tasks such as automated surveys, control, excavation guidance, and so on.
  • Trimble launched the Trimble Roadworks 3D Paving Control Platform for Asphalt Pavers. It is an automatic 3D screen control system to improve paving productivity and rideability while minimizing asphalt usage and reducing waste.

Some of the leading players in the land survey equipment market profiled by FMI are:

  • Trimble Inc.
  • Suzhou Foif Co., Ltd.
  • Topcon Corporation
  • Hexagon AB
  • Hi-Target Navigation Technology Corporation
  • Stonex
  • CHC Navigation
  • CST/Berger
  • South Surveying & Mapping Instrument Co. Ltd.
  • Guangdong Kolida Instrument Co.

More Insights on FMI’s Land Survey Equipment Market

The latest market study on the global land survey equipment market y Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Product Type

  • GNSS
  • Theodolite
  • Level Equipment
  • Total Station
  • Laser Scanning
  • UAV
  • GIS Asset Collection
  • Data Collectors

Application

  • Inspection
  • Monitoring
  • Volumetric Calculation
  • Layout Points

End Use

  • Oil & Gas
  • Construction
  • By Government
  • By Non-Government
  • Mining
  • Agriculture

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
  • Japan

 

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