Land Survey Equipment System Market Size Expected to Surge with Increased Adoption by 2034

The Land Survey Equipment System Market is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2034, from a projected valuation of US$ 8,523.2 million in 2024 to US$ 13,363.4 million by 2034.

The land survey equipment system market is predicted to rise steadily, owing to an increase in infrastructure projects, advancements in GPS and GNSS technology, and growing demand from the mining and construction sectors. Improved productivity will be realised in energy, agriculture, and disaster management through the quick adoption of new instruments such as UAVs and 3D laser scanners that incorporate AI for analytic processing. Autonomous land survey systems and technological innovation, particularly AI-driven geospatial analytics, are gaining traction, which will increase market demand.

Government initiatives, such as the Bipartisan Infrastructure Law in the United States, are also generating adequate funds for building, utility, and energy projects, hence increasing demand for land surveying equipment.

Demand for high-tech surveying equipment in China is being driven by the country's rapid urbanisation and infrastructure expansion, both of which are aided by projects such as the Belt and Road. However, a scarcity of qualified workers and harsh weather conditions are two problems impeding further expansion in this business. However, with the integration of GNSS, UAV, and other new technologies, land survey equipment remains critical to meeting the demands for infrastructure development in both countries.

Request a Sample of this Report:  

Key Takeaways from the Market Study:

• During 2024-2034, the market will expand with a CAGR of 4.6%
• Among regions, East Asia exhibits the fastest growth with a CAGR of 5.8%
• Hardware holds about 65.2% of the share in the solution segment.
• In the end-use industry segment, mining & construction holds about 33.1% of the market in 2024.
• The global land survey equipment system market growth was about 3.8% during the historic period (2019-2023).

“Technological Advancement in Land Survey Equipment is Major Factor Propelling the Industry Growth,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Land Survey Equipment System Market:

Beijing UniStrong Science & Technology Co., Ltd.; Carlson Software; CHC Navigation; Emlid Ltd; Faro Technologies; Geo-Fennel; GeoMax; Guangdong Kolida Instrument Co., Ltd.; Hemisphere GNSS; Hexagon AB; Hi-Target Surveying Instrument Co., Ltd.; JAVAD GNSS; Kolida Instrument Co., Ltd.; Leica Geosystems; Nedo; Nikon-Trimble; Pentax; Satlab Geosolutions AB.; SECO (Surveying & Engineering Company of Oregon); Shanghai Huace Navigation Technology Ltd.; Sokkia; South Surveying & Mapping Instrument Co., Ltd.; Spectra Precision; Stonex; Suzhou FOIF Co., Ltd.; Theis Feinwerktechnik; Tianjin Xing Ou Surveying Instrument Manufacture; Topcon; Trimble Navigation Ltd.; u-Blox Holding AG; Other Competitors

Market Growth Stratagems:

Recent advances in land survey equipment systems demonstrate a tendency towards greater accuracy and efficiency. Innovations such as the high-speed robotic total station and adaptable GNSS receivers represent an increasing demand for modern technology that improves data collecting and processing in surveying, allowing for faster project execution and greater measurement precision.

•        Stonex Company, based in the US, launched the R180 Robotic Total Station in March 2023. This rapid and accurate Android robotic station has a rotational speed of 180°/sec and an EDM accuracy of 1 mm + 1 ppm up to 1000m.

•        In March 2022, Shanghai Huace Navigation Technology Ltd. launched the i83 IMU-RTK GNSS Receiver. The i83 is the most common GNSS system used to survey construction sites.

Land Survey Equipment System Market Industry News:

In August 2023, Hexagon AB announced its new Leica BLK2FLY Indoor scanning for comprehensive digital twin creation. The upgraded BLK2FLY brings unprecedented freedom; allowing structures to be hassle-free scanned indoors and outdoors. The new feature unlocks the BLK2FLY to operate in a variety of environments, even GNSS-deprived areas such as nuclear facilities. The system, based on the company's cutting-edge visual SLAM technology, can achieve real-time spherical imaging with an operational range of up to 1.5 meters.

More Valuable Insights:

Fact.MR, in its new offering, presents an unbiased analysis of the land survey equipment system market, presenting historical market data (2019-2023) and forecast statistics for the period of 2024-2034.

The study reveals essential insights on the basis of By Solution (Hardware (GNSS, Total Stations & Theodolite, LEVELS, 3D Laser Scanners, Unmanned Aerial Vehicles (UAVs) and Machine Control System), Software (Desktop Application, Mobile Application, Remote Sensing Application, and Developer Application), and Services (Technical Services, Calibration Services and Software Development Services)), By Application (Inspection, Monitoring, Volumetric Calculations, Layout Points and Other Applications), By End-Use Industry (Agriculture, Disaster Management, Transportation, Energy & Power (Oil & Mining, Utilities and Renewable Energy), Mining & Construction, Forestry, Scientific &  Geological Research and Others) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).

Old Source: https://www.globenewswire.com/news-release/2024/11/12/2978834/0/en/Land-Survey-Equipment-System-Market-is-Projected-to-Grow-to-US-13-36-Billion-by-2034-with-a-4-6-CAGR-Fact-MR-Report.html