Topcon Corporation, Trimble Inc., Hexagon, Kolida Instrument Co., Ltd., and Shanghai Huace Navigation Technology Ltd. (CHC Navigation), among others, are the major players in the global land survey equipment market.
The global land survey equipment market attained a value of nearly USD 7,126.28 million in 2021. It is expected to grow at a CAGR of 6.20% in the forecast period of 2022-2027 to attain a value of about USD 10,223.75 million by 2027. As per the analysis by Expert Market Research, the market is being driven by increasing demand for 3D laser scanners and rising investments by emerging economies in construction activities.
Various developing economies are heavily investing in the construction sector to rapidly urbanise their cities, hence increasing the necessity of land surveying and bolstering the demand for land surveying equipment. The rising commercial infrastructure projects in both developed and developing countries are also aiding the market growth of land surveying equipment.
The market is anticipated to be propelled by the growing adoption of AI systems in land survey equipment to automate tedious tasks and streamline the surveying, drafting, and data capturing in surveying applications. The increasing demand for spatial planning and efficient land use is also anticipated to boost the market development. Moreover, the land surveying equipment market growth can be associated with the surging popularity of 3D laser scanning projects, owing to their efficiency, high precision and long range.
The increasing launches of innovative land surveying tools by the leading companies are expected to drive the market development. With the growing adoption of Building Information Modeling (BIM) solutions for various architectural, engineering, and construction activities in emerging economies like China, the utilisation of land survey equipment to provide initial position data while identifying positional and geographical challenges to mitigate costs is anticipated to surge in the forecast period.
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Topcon Corporation is a leading manufacturer of optical equipment, smart infrastructure, and positioning. Its positioning business offers high-precision GNSS positioning technology to achieve automation of construction and farming whereas the smart infrastructure segment of the company provides solutions for infrastructure development and maintenance. The eye care business of the company provides advanced solutions in the field of ophthalmology. With 64 consolidated subsidiaries, the annual sales of the company reached JPY 176,421 million in FY 2021.
|Headquarters:||California, United States|
Trimble Inc. is a global company that specialises in construction, agriculture, geospatial, forestry, rail, telecommunications, field service management, transportation, and electric and water utilities. By deploying its core technologies, the company aims to connect the digital and physical world through its services, hardware, and software. The company has a wide presence in 150 countries and an employee base in over 40 countries.
Hexagon is a leading company specialising in combining sensors, autonomous technologies, and software. It offers various products and services to enhance safety and productivity in infrastructure, industrial, mobility, manufacturing, and public sector applications. The company also provides various solutions to drive sustainability in some of the most complex ecosystems in the world. With an employee base of 23,000 in 50 countries, the company attained net sales of nearly EUR 4.3 billion in 2021.
Kolida Instrument offers opto-electronic surveying instruments, GNSS positioning systems, and LIDAR and UAV photogrammetry technology. The company combines innovative designs to provide unique quality products. It has distribution networks across 65 countries and holds 400 directly operated stores in China, as of December 2018. The products of the company are manufactured across its production sites based in Beijing, Guangzhou, Wuhan, and Changzhou.
Shanghai Huace Navigation Technology Ltd. (CHC Navigation) is a publicly listed land surveying equipment manufacturer. The company provides innovative GNSS navigation and positioning solutions to enhance the efficiency of its clients’ works. Its products and solutions find applications across multiple industries such as geospatial, construction, agriculture, and marine, among others. The company is recognised as one of the fastest growing companies in geomatics technologies. It has a presence across the globe with distributors in over 120 countries and a workforce of more than 1,500 employees.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.