Global Land Survey Equipment Market to Grow at a CAGR of 6.2% During 2024-2032, Aided by the Increasing Demand from Key Application Sectors

Robert Bosch GmbH (CST/Berger), Suzhou Foif Co., Ltd., Trimble (NASDAQ: TRMB), and Kolida Instrument Co., Ltd., are among the notable players in the land survey equipment market. Land survey equipment encompasses instruments utilising advanced software and devices for detailed land inspection, mapping, and measurements, serving industries like construction, agriculture, and oil and gas. The tools include GNSS systems, total stations, 3D laser scanners, unmanned aerial vehicles, among others, contributing to applications in monitoring, volumetric calculations, and layout points across various sectors.

The Asia Pacific dominated the land survey equipment market historically and is poised to maintain its lead, driven by robust demand in the construction sector. Rapid urbanisation and industrialisation in countries like China, India, and South Korea contribute to significant construction activities. China, particularly, stands out as a key construction market with increasing expenditure, fuelled by rising income levels and urbanisation. India is also advancing with plans for 100 smart cities by 2025, and China has over 500 smart cities in the pipeline, driving the demand for land survey equipment, especially in the defence and mining industries.

In September 2023, Stonex Group Inc (NASDAQ: SNEX) successfully launched the XFLY series, a cutting-edge UAV LiDAR system that integrates a high-performance Inertial Navigation System (INS) with a camera and LiDAR sensor. The system boasts a post-processing software that automatically corrects misalignment, enabling seamless point cloud generation. Noteworthy features include boresight calibration, eliminating systematic errors, and ensuring best-in-class performance. The XFLY series stands out for its compact, lightweight design, and low power consumption, facilitating longer flight durations to cater to diverse project requirements.

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Market Breakup by Product, Industry, Application, and Region:

• The market is segmented based on product into total stations and theodolites, 3D laser / laser scanners, global navigation satellite system (GNSS), unmanned aerial vehicles (UAV), levels, and others.

• Based on industry, the market is divided into oil and gas, construction, mining, disaster management, agriculture, and others.

• On the basis of application, the market is categorised into volumetric calculations, inspection and monitoring, and layout points.

• Region-wise, the global market for land survey equipment can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing adoption of land survey equipment in sustainable and precision agriculture practices within the agricultural sector is propelling market expansion. With the imperative to increase crop yield amid diminishing arable land, farmers are leveraging innovative technologies to monitor crop health and optimise inputs for efficient yields, contributing to the rise in demand for land survey equipment.

• The rising utilisation of land survey equipment to enhance seed quality and monitor crop characteristics is driving the market growth. In the agricultural sector, there is a growing trend of deploying land survey equipment to predict crop output.

• The increasing use of land survey equipment for precise mapping in the oil and gas sector is driving the market growth. In the development and production of oil and gas infrastructure, where accurate information is vital, land survey equipment is employed to analyse and evaluate land, contributing to the market's expansion.

• The growing preference for land survey equipment to improve map and data accessibility for efficient planning of oil and gas projects is expected to support the market growth in the forecast period.

Key Offerings of the Report:

• The EMR report gives an overview of the global land survey equipment market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product, industry, application, and major regions of land survey equipment.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the land survey equipment market globally are Industries Limited (V.I Instruments), Hi-Target, Hexagon, Robert Bosch GmbH (CST/Berger), Suzhou Foif Co., Ltd., Kolida Instrument Co., Ltd., Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Stonex, Trimble Inc., and Topcon Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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