30 March 2020
Visiongain has launched a new report Land Survey Equipment Market Report 2020-2030: Forecasts by Sub Product (GNSS, Level Equipment, Laser Scanning, Unmanned Aerial Vehicle (UAV)), by Industry (Construction, Oil & Gas, Mining, Agriculture), by Application (Inspection, Monitoring, Volumetric Calculations, Layout Points)) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Land survey equipment market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the rising need for modern land survey equipment, increase in the number of benefits of using electronic devices for conducting land surveys, and improvement in the networking for GNSS Application related to land survey equipment. GNSS Systems, one of the segments analysed and sized in this study, displays the potential to grow at over 7.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. GNSS Systems will bring in healthy gains adding significant momentum to global growth.
However, concerns associated with the availability of the rental and leasing service providers and lack of skilled workforce and technical expertise regarding the use of advanced instruments may restrict the growth of the land survey equipment market.
The Land survey equipment market can be segmented based into sub product, Industry, Application, and region. Over the years, lot of various land survey equipment have been discovered for determining horizontal and vertical position, distance, and direction of a particular location. Factors such as invention of modern technology enabled land survey equipment are capable of measuring accurate and error free readings, recording thousands of measurements by using large amount of memory performing multiple jobs simultaneously in minimum time are expected to fuel the market growth. Additionally Industrialization and urbanization particularly in developing countries are estimated to boost the demand of Land survey equipment over the forthcoming years.
Counties like China, Japan, Philippines and Bangladesh are naturally disaster prone areas. These regions are prone to use land survey equipment to get exact location of the natural disaster. This will generate an increasing need of land survey equipment’s in these countries. Developing regions like Asia Pacific and MEA are witnessing urbanization on huge scale which will consequently result in acceleration in the demand of transportation, residential area, construction and energy resources. This factor will fuel the demand of land survey equipment in these areas in near future.
Key players such as Hexagon, Topcon, Trimble and Hi-Target are currently dominating the market. These companies are increasingly focusing on research and development activities to gain competitive advantage. Other companies operating in the market include CHC Navigation, Suzhou Foif, Stonex, South Surveying and Mapping Instrument, CST/Berger, ChangZhou Dadi Surveying Science and Technology, Guongdong Kolida Instrument, and many others. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships to increase their presence in the global market.
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