Seoul, South Korea, July 18, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, mentions that the global Land survey equipment system market would be valued at US$ 7.79 Billion in 2022 and have a CAGR of 4.6% between 2022 and 2032. Fact.MR says that with an utmost need to go for terrestrial scanners, the upgraded land survey equipment system market would flourish in the upcoming period.
On these grounds, the global Land survey equipment system market is estimated to reach US$ 12.21 Billion by the year 2032. Land survey equipment, in the present scenario, is such that GNSS (global navigation satellite system) and GNSS network solutions are used in integration with smart antennas.
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Training is necessary due to ongoing changes and emerging technologies. Land surveyors struggle to operate equipment when no training is available. This also slows down the work process.
Another challenge that the market for land survey equipment systems faces is climate variations in different places. It is challenging to take measurements during the spring and monsoon seasons. Additionally, the surveying equipment does not function properly in cold temperatures.
Why is There High Demand for Level Equipment?
“Level Equipment Systems Highly Beneficial in Measurement of Land & Land Surveys”
Level equipment is expected to dominate the market in terms of volume in 2022, and is the most prevalent product type. Systems to protect equipment from external dangers in a variety of climatic conditions are available in several configurations, which are cost-effective and come in a variety of configurations.
These devices provide high-performance and energy-efficient solutions, offering the market, as a whole, promising growth possibilities. Due to the high demand for improved performance and cost-effective solutions, level equipment is anticipated to stay the top choice for end users.
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Key Segments Covered in the Land Survey Equipment System Industry Survey
- Land Survey Equipment System Market by Product :
- 3D Scanners
- UAVs
- GNSSs
- Theodolite
- Others
- 3D Scanners
- Land Survey Equipment System Market by Industry :
- Oil & Mining
- Agriculture
- Disaster Management
- Oil & Mining
- Land Survey Equipment System Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
- North America
Market Developments
The key participants are engaging in inorganic as well as organic modes of expansion to make a mark in the land survey equipment system market.
- Topcon announced partnership with Boels for offering various productivity options for the equipment rentals.
- Trimble, in December 2021, tabled its core geospatial automated monitoring software’s latest version, known as “Trimble 4D Control version 6.3”. This software makes provision for automated movement detection for facilitating informed decisions regarding infrastructure for construction, surveying, and monitoring professionals. The version also extends support towards streamlined workflow between new-fangled T4D Access Edition in office and Trimble Access Monitoring Module in field.
- Topcon Positioning Group, in November 2021, did announce MC-Max machine control solution meant for fitting mixed-fleet heavy equipment environments.
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Key players in Land Survey Equipment System Market
- Topcon
- Shanghai Huace Navigation Technology Ltd.
- South Surveying & Mapping Instrument Co., Ltd.
- u-Blox Holding AG
- Trimble
- Hexagon AB
- Pentax Precision
- Nedo
- Satlab Geosolutions AB
Key Takeaways from Land Survey Equipment System Market Study
- North America accounts for 26% of the market share.
- Europe holds the second-largest market share, i.e. 23%.
- Construction and agriculture sectors to be at the forefront regarding revenue generation from land survey equipment system market
- The market still needs to have skilled workers in an aplomb.
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