Land Survey Equipment System Market is predicted to reach US$ 13,363.4 million by 2034, expanding at a CAGR of 4.6%

“Continuous Development in Infrastructure Worldwide Propelling the Demand for Land Survey Equipment System”, States Fact.MR.

The land survey equipment system market is expected to expand at a compound annual growth rate (CAGR) of 4.6% between 2024 and 2034, from the expected valuation of US$ 8,523.2 million in 2024 to US$ 13,363.4 million by 2034.

The land survey equipment system market will expand steadily with the growing number of infrastructure projects, growth in GPS and GNSS technology, and a rise in the demand for the mining and construction industries. Greater productivity will be attained in fields concerning energy, agriculture, and disaster management by the quick deployment of new devices like UAVs and 3D laser scanners with AI integration for analytic processing. Autonomous land survey technology and systems, as well as advancements in technology, such as AI-based geospatial analytics, are picking up steam and therefore will increase market demand.

Government plans, including the Bipartisan Infrastructure Law in the United States, are also injecting sufficient funds for construction, utility, and energy investments while spurring demand for land survey equipment. Market demand for advanced surveying technology within the Chinese economy is being spurred on by its aggressive pace of urbanization alongside infrastructure development, both spurred by efforts like the Belt and Road. Yet insufficient skilled labor coupled with challenging weather conditions are some of the contributors to this market's growth shortfall. Yet, the combination of UAV, GNSS, and other high-end technologies renders land surveying equipment still relevant to meet the needs for the construction of infrastructure in both nations.

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Important Highlights of the Market Study:

• The market will grow during 2024-2034 with a CAGR of 4.6%.
• Region-wise, East Asia shows the highest growth rate with a CAGR of 5.8%.
• Hardware retains approximately 65.2% of the share in the solution segment.
• Mining & construction dominates 33.1% of the end-use industry segment in 2024.
• During the historic period (2019-2023), the market growth of the global land survey equipment system was approximately 3.8%.

"Technological Advancement in Land Survey Equipment is Major Factor Propelling the Industry Growth," states a Fact.MR analyst.

Leading Players Driving Innovation in the Land Survey Equipment System Market

Key market participants in the land survey equipment system services market are 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., and u-Blox Holding AG.

Market Growth Stratagems:

Recent advances in land surveying equipment systems reveal a trend of greater accuracy and efficiency. The high-speed robotic total station and flexible GNSS receivers are just some of the innovations that evidence an increasing requirement for sophisticated technology that maximizes data collection and processing in surveying, allowing for quicker project implementation and higher measurement accuracy.

• On March 2023, The US company Stonex introduced its latest R180 Robotic Total Station back. This rapid and precise Android robotic station provides rotational speed of 180°/sec and 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 general-purpose GNSS system utilized in surveying construction projects.

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Land Survey Equipment System Industry News:

• Hexagon AB in August 2023 launched its new Leica BLK2FLY Indoor scanning for complete digital twin creation. The new BLK2FLY offers unprecedented flexibility; structures can now be convenient scanned indoors and outdoors. The new capability unlocks the BLK2FLY to work in diverse environments, even GNSS-deprived environments like nuclear plants. The system, which uses the company's advanced visual SLAM technology, is able to perform real-time spherical imaging with an operation range of up to 1.5 meters.
• In February 2024, John Deere introduced an innovation collaboration with Leica Geosystems, aHexagon company, the fresh digital revolution of the heavy construction industry. The synergistic union brings together the strengths of the two companies to usher in a new era of technological advancement and service provision for construction professionals all over the globe. The SmartGrade with Leica solution is the embodiment of innovation. Empowering John Deere and its network of dealers to support diversified job sites, including customers' technological requirements constantly evolving. Combining Leica Geosystems' best-in-class technological capabilities with the durable performance characteristics innate in the family of John Deere construction machines will provide uncompromising productivity, efficiency, and flow in the end-users' construction work sites.

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 based on 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).

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