According to The Insight Partners latest market study on Land Survey Equipment Market was valued US$ 8,068.0 million in 2022; it is projected to grow at a CAGR of 7.7% from 2022 to 2028.
The key stakeholders in the land survey equipment market ecosystem include hardware, component, and material providers; land survey equipment manufacturers; government agencies, industry associations, regulatory bodies; system integrators; and end-users. Component, material, and hardware providers supply various components/parts/materials to land survey equipment providers for manufacturing of these equipments. There are several peripheral stakeholders in the global land survey equipment market which play a crucial role in enabling the adoption of these machines among end-users and promoting technology advancements for sustainable future growth of the market. Some of these stakeholders include government agencies, industry associations, and regulatory bodies among others.
The land survey equipment market, by geography, is primarily segmented into North America, Asia Pacific (APAC), and South America (SAM). Asia Pacific held the largest market share in 2021, and it is expected to register the highest CAGR during the forecast period. Growing construction activities in the residential and commercial sectors in developing countries in APAC, such as China and India, as well as the presence of a vast agricultural sector, are likely to support the market expansion in the region during the forecast period. North America accounted for the second-largest share in the land survey equipment market in 2021. The presence of a large number of manufacturers of survey equipment is a key factor contributing to the growth of the land survey equipment market.
Hexagon AB; GUANGDONG KOLIDA INSTRUMENT CO., LTD.; Shanghai Huace Navigation Technology Ltd.; South Surveying & Mapping Technology CO., LTD.; Topcon Corporation; Trimble Inc.; Hi-Target; PENTAX Surveying; Suzhou FOIF Co., Ltd.; and Robert Bosch Tool Corporation are a few of the key players that are profiled during the land survey equipment market study.
Moreover, the performances of several other essential players were analyzed to get a holistic view of the land survey equipment market and its ecosystem. Organic and inorganic growth strategies adopted by these companies to expand their product portfolio and global presence are expected to contribute to the land survey equipment market share and growth in the coming years. For instance, in 2021, Shanghai Huace Navigation Technology Ltd. launched HCE600 rugged field controller. HCE600 is a professional, lightweight, and compact field data collector that has an alphanumeric keypad specifically designed for field surveying and mapping operations.
A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | GUANGDONG KOLIDA INSTRUMENT CO., LTD. announced that they have delivered 59 units of KTS-472R10 Windows Total Stations to Technical Education & Vocational Training Authority (TEVTA) in Lahore city, Pakistan. The system features WinCE6.0 operation system and advanced mapping software with graphic display, Bluetooth, and WiFi. | Asia Pacific |
| 2022 | South Surveying & Mapping Technology CO., LTD. announced that they have delivered another 200 sets Total Station NTS-332RU to Department of Lands Thailand. The 332RU provides fast and powerful reflector less EDM, easy connectivity and clear feedback for its onboard software. Thus, the recognized by both government and private section will help the company to attract more customers in the market. | Asia Pacific |
| 2022 | Shanghai Huace Navigation Technology Ltd. introduced i73+ Pocket GNSS receiver. This new i73+ is a compact, powerful, and versatile GNSS receiver with an integrated UHF modem, it can be used as a base station or rover. It is powered by 624 full GNSS channels and the latest iStar technology. In addition, it delivers survey-grade accuracy in all job site configurations. | Asia Pacific |
