Land Survey Equipment Market : Current Analysis and Forecast (2022-2028)

Report Description

Global Land Survey Equipment Market is expected to grow at a significant rate of around 7% during the forecast period. Surveying is defined as the process of determining the relative position of points on, above, or below the earth’s surface by directly or indirectly measuring distance, direction, and elevation. Land survey equipment refers to various tools used for inspection and monitoring, volume calculations, and layout points in industries such as construction, oil and gas exploration, agriculture, and mining. These tools include GNSS, theodolites, laser scanning, UAVs, levels, total stations, and data collectors.

The growing adoption of land surveying equipment is mainly attributed to the rapidly growing urbanization and industrialization across regions. Also growing construction of smart cities in various regions is expected to significantly influence the market growth during the forecasted period. For instance, according to postscapes, more than 1.3 million people are moving into cities each week across the world.  Additionally, growing technological advancements in land surveying equipment such as the use of drones for capturing images and videos are expected to drive the market during the forecast period.

Bosch Limited, Hexagon AB, Hi-Target, Hudaco, GUANGDONG KOLIDA INSTRUMENT CO LTD, Shanghai Huace Navigation Technology Ltd, StoneX Group Inc, Topcon, Trimble Inc, and M&P Survey Equipment Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst solution, hardware category to hold share in the market in 2021”

Based on solution, the market is segmented into hardware, software, and services. The hardware segment is expected to grow with a significant share and is expected to maintain this throughout the forecast period. The hardware segment includes hardware such as a theodolite, a total station, 3D scanners, and GPS/GNSS, etc. Furthermore, rising cost-effectiveness and wide accessibility of unmanned aerial vehicles (UAVs) in land surveying are driving the growth of the market. As the quality of global positioning systems (GPS) improves and camera resolution increases, unmanned aerial vehicles with improved accuracy and precision are increasingly preferred, driving industry growth. In addition, the versatility of unmanned aerial vehicles (UAVs), offering different viewing angles, image types, altitudes, readings, etc., is a major contributor to the market growth.

Land Survey Equipment Market Report Coverage

 “Amongst industry, the oil and gas to hold a significant share in the market in 2021”

On the basis of industry, the market is segmented into construction, oil & gas, agriculture, mining, disaster management, and others. The oil and gas segment led the land survey equipment market in 2021. Accurate information is essential for oil and gas infrastructure development and products hence land survey instruments are used to analyze and evaluate the land to drive market growth.

“APAC to grow at a significant CAGR during the forecast period, i.e., 2022-2028”

APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing prevalence of off-road recreational activities backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Furthermore, the growing mining and land surveying activities in the region is expected to significantly influence the market during the forecast period. For instance, according to a study conducted by make in India, India is home to 1,531 operating mines and produces 95 minerals, which includes 4 fuels, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials).

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global land survey equipment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Land Survey Equipment Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global land survey equipment market were the three major steps undertaken to create and analyze the adoption of land survey equipment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global land survey equipment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the land survey equipment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the land survey equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as solution and industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the land survey equipment market. Further, we conducted factor analysis using dependent and independent variables such as solution and industry of land survey equipment’s. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the land survey equipment market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global land survey equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the land survey equipment market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global land survey equipment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global land survey equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, drive type, and application in the global land survey equipment market.

The main objective of the Global Land Survey Equipment Market Study

The current & future market trends of the global land survey equipment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the land survey equipment market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of solution and industry.
• Define and analysis of the regulatory framework for the land survey equipment
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the land survey equipment market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the land survey equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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