Dublin, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The "Robotic Total Stations Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
In 2022, the global robotic total stations (RTS) market achieved a significant size of US$ 787.1 Million. Projections indicate continued growth, with the market expected to surge to US$ 1,161.5 Million by 2028. This anticipated expansion is characterized by a steady Compound Annual Growth Rate (CAGR) of 6.5% during the period from 2023 to 2028.
A robotic total station (RTS) is an electronic instrument designed for remote operation, primarily used for measuring vertical and horizontal angles. It plays a crucial role in applications such as surveying, excavation, and the construction of dams and plant chimneys.
RTS combines an electronic distance meter and electronic theodolite, offering accurate measurements, increased speed, quality assurance, reduced errors, and cost-effectiveness. Equipped with a microprocessor, integrated camera, and electronic data collector, RTS performs functions like distance measurement, data processing, coordinate measurement, and angle measurement. This technology finds wide-ranging applications across industries such as utilities, mining, and construction.
Market Trends:
The market is experiencing significant growth, driven primarily by the global construction industry. RTS systems are instrumental in enhancing productivity and accuracy by simplifying construction layout processes. Additionally, there is a growing demand for robotic total stations to modernize surveying tools and techniques for precise calculation of coordinates, land surveying, and the elimination of manual recording and reading errors.
The integration of the Internet of Things (IoT) and global positioning system (GPS) technology for real-time productivity and safety monitoring is also contributing to market growth. Furthermore, the adoption of RTS for accident investigations on highways, crime scene analysis, and land surveys is positively impacting market growth. Precision farming, transportation planning, highway and roadway management, and the development of smart cities are further driving the demand for RTS systems.
Key Market Segmentation:
The report provides a comprehensive analysis of key trends within each segment of the global robotic total stations (RTS) market, with forecasts available at the global, regional, and country levels from 2023 to 2028. The market is segmented based on type, application, and end user.
Type Insights:
- 0.5''- 1'' Accuracy
- 2''- Others Accuracy
Application Insights:
- Surveying
- Engineering and Construction
- Excavation
End User Insights:
- Construction
- Utilities
- Mining
- Others
The report offers a detailed breakdown and analysis of the RTS market by type, application, and end user, with the 0.5''- 1'' Accuracy segment accounting for a significant share.
The report also includes a comprehensive analysis of major regional markets, including North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia-Pacific holds the largest share in the RTS market, driven by factors such as the increasing demand for construction and technological advancements.
Competitive Landscape:
The report provides a thorough analysis of the competitive landscape in the global robotic total stations (RTS) market. It covers market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant.
The report also includes detailed profiles of major companies in the industry, such as Carlson Software, Changzhou Dadi Surveying Science & Technology Co. Ltd., GPS Lands (Singapore) Pte. Ltd., Guangdong Kolida Instrument Co. Ltd., Hexagon AB, Hilti Corporation, STONEX Srl, Suzhou FOIF Co. Ltd., Topcon Corporation, and Trimble Inc., among others. Please note that this represents only a partial list of companies, and the complete list is available in the report.
Key Questions Answered:
- How has the global robotic total stations (RTS) market performed to date, and what is its growth outlook for the coming years?
- What are the key drivers, restraints, and opportunities in the global robotic total stations (RTS) market?
- What impact have drivers, restraints, and opportunities had on the global robotic total stations (RTS) market?
- Which countries represent the most attractive robotic total stations (RTS) markets?
- What are the key segments of the market, based on type, application, and end user?
- What is the competitive structure of the global robotic total stations (RTS) market?
- Who are the major players and companies in the global robotic total stations (RTS) market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $787.1 Million |
| Forecasted Market Value (USD) by 2028 | $1161.5 Million |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/dl5jnn
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