Land Survey Equipment Market worth USD 8,662.1 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Land Survey Equipment Market by Product (GNSS, Total Station & Theodolites, Levels, 3D Laser / Laser Scanners, Unmanned Aerial Vehicles (UAVs), and Others), by Industry (Construction, Oil & Gas, Agriculture, Mining, Disaster Management, and Others), by Application (Inspection & Monitoring, Volumetric Calculations, and Layout Points), and by Region - Global Trends, Market Share, and Forecast to 2027". The global land survey equipment market was valued at USD 5,948.7 million in 2020 to USD 8,662.1 million by 2027, at a CAGR of 6.1% from 2021 to 2027. Land survey equipment, such as total stations & theodolites, levels, UAVs, and GNSS, collects the data and connects to computers where the data is instantly processed, and accurate output is displayed. In addition, land surveys through GNSS and UAVs do not require one to travel the land to be surveyed. Therefore, these products require lesser time, manpower, and cost for the survey. In addition, they provide accurate data and can be elaborated in various forms as per the requirement. The software used for decoding the collected data is compatible with several land survey devices such as total stations & theodolites and levels. Therefore, fast and accurate data analysis is anticipated to boost the land survey equipment market during the forecast period.

Global Land Survey Equipment Market Segmentation

The overall land survey equipment market has been segmented into the product, industry, application, and region.

• By Product (GNSS, Total Station & Theodolites, Levels, 3D Laser / Laser Scanners, Unmanned Aerial Vehicles, and Others)
• By Industry (Construction, Oil & Gas, Agriculture, Mining, Disaster Management, and Others)
• By Application (Inspection & Monitoring, Volumetric Calculations, and Layout Points)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Construction, by industry, is estimated to hold the largest market share during the forecast period

On the basis of industry, the land survey equipment market is divided into construction, oil & gas, agriculture, mining, disaster management, and others. In 2020, construction accounted for the largest market share of 54.2% in the global land survey equipment market and had a CAGR of 6.1% during the forecast period.

The rise in urbanization and industrialization in developing countries has led to a surge in construction activities. Therefore, surveying lands and preparing layouts has become easy due to land surveying equipment. In addition, drones are very-handy equipment to monitor the construction process or inspect the inventories and supplies without being physically present at the site. They are also used for photography and videography of the constructed site for further marketing and sales. For instance, PCL Construction, a Denver-based construction company, has been using drones for more than three years in its construction projects to enhance job site communication, overlay design documents with installed work for visual verification, perform volumetric analysis, verify grades, and provide historical documentation. Similarly, Windover Construction, a construction company, uses drones to prepare 3D models of projects on its job sites, further displayed on computers through software. Attributed to such ease of use is expected to boost the operation of using land survey equipment in construction activities during the forecast period.

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The Asia Pacific accounts for the largest market share during the forecast period in the land survey equipment market

Based on the regions, the global land survey equipment market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The Asia-Pacific land survey equipment market has been studied across China, Japan, India, South Korea, and the rest of Asia-Pacific. In 2020, Asia-Pacific held the first position and accounted for 36.2% of the land survey equipment market in 2020. China accounted for a major share of this market in 2020, and India is expected to experience rapid growth during the forecast period.

Countries such as China, India, and South Korea, are rapidly urbanizing and industrializing. A lot of new construction activities are taking place. There are 100 smart cities planned in India that are targeted to be completed by 2025. Similarly, 12 smart cities have been planned in China that is expected to be completed by 2023. In addition, defense industries are using drones and GNSS systems on a large scale. Further, the mining industry is using total stations and 3D lasers for surveillance and inspection. Such strategies are expected to boost the land survey equipment market in the Asia-Pacific region during the forecast period.

Some of the major companies that operate in the global land survey equipment market are Hexagon, Hi-Target, Hudaco Industries Limited, Kolida Instrument Co., Ltd., Robert Bosch GmbH, Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Stonex, Suzhou Foif Co., Ltd., Topcon Corporation, and Trimble Inc.

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