US Land Survey Equipment Market is expected to reach US$ 2.82 billion by 2030

Growing Number of Infrastructural Development Activities Boost US Land Survey Equipment Market Growth

According to our latest study on “US Land Survey Equipment Market Forecast to 2030 – Trend and Growth Opportunity Analysis – by Solution, Industry, and Application,” the US land survey equipment market size was valued at US$ 1.51 billion in 2022 and is expected to reach US$ 2.82 billion by 2030. The US land survey equipment market is expected to record a CAGR of 8.1% from 2022 to 2030.

The US Land Survey Equipment market report emphasizes the key factors driving the market and prominent players' developments. Land survey equipment plays a crucial role in infrastructure development activities. It provides valuable information and guidance to architects, engineers, and land developers to perform land measurements accurately, which are essential for engineering plans, detailed maps, and construction projects. The US Land Survey Equipment market trends include constant technological advancements and automation.

The growing number of infrastructural development activities is also driving the land survey equipment market in the US. Land survey equipment is also used to ensure the positioning of infrastructure elements and construction as per the planned design. For instance, according to the Contruent Report of June 2023, seven megaprojects in Texas, Nevada, Michigan, Maryland, Virginia, California, and New York are under construction, increasing the adoption of land survey equipment in order to measure land accurately. Below mentioned are the details of the projects:

• Southeast Connector Project (Dallas–Fort Worth Area) – According to the Texas Department of Transportation (DoT), the Southeast Connector project is a 16-mile-long infrastructure project constructed to ease traffic congestion, improve travel safety and efficiency, and promote trade around the Fort Worth area.
• Madison Square Garden Sphere (Las Vegas, Nevada) – The project incurred an estimated cost of US$ 2.18 billion for the construction of a sphere-shaped stadium with a capacity to hold 20,000 visitors plus 23 VIP suites.
• Gordie Howe International Bridge (Detroit, Michigan) - It is the longest cable-stayed bridge in North America, connecting Detroit, Michigan, to Windsor, Ontario, Canada. The project aims to reduce congestion for commercial trucks at Ambassador Bridge by streamlining international travel between the US and Canada.
• American Legion Bridge Replacement (Bethesda, Maryland, and Virginia) - The new American Legion Bridge I-270 Traffic Relief Plan incurred an estimated cost of US$ 6 billion with an aim to tackle bottlenecks between Maryland and Virginia. The project includes improvements of 37 miles of highway along I-270 (from I-380 to I-70).
• Related Santa Clara (Santa Clara, California) – The project is under mixed-use development covering 240 acres with a variety of residential, commercial, and retail properties. The project incurred an estimated cost of US$ 8 billion with an aim to transform a golf course into an innovative and entertaining destination for locals and visitors. The projects upgrade the transportation network by facilitating easy travel for residents, employees, and tourists.
• Hudson Tunnel Project (New York City, NY) – According to the Texas Department of Transportation (DoT), the project is constructed with the shared goal of repairing and replacing the old railway tunnels.
• JFK Airport (New York City, NY) – The airport project is undergoing a complete overhaul, including 23 new gates for several terminal projects. The project incurred a total cost of US$ 18 billion and is expected to be completed by 2030.

The land survey equipment helps engineers and architects in mapping during infrastructure development. These market dynamics are projected to facilitate the market substantially. Rising demand for land survey equipment and the increasing need for drones or UAVs in mapping and surveying are facilitating the expansion of US Land Survey Equipment market share. However, high equipment cost might impede the US land survey equipment market growth. 

The US land survey equipment market analysis has been carried out by considering the following segments: solution, industry, and application. Based on solution, the US land survey equipment market is segmented into hardware, software, and services. Based on industry, the US land survey equipment market is segmented into mining, construction, agriculture, oil & gas, and others. Based on application, the US land survey equipment market is segmented into volumetric calculations, inspection, layout points, monitoring, and others.

Hexagon AB; Topcon; Septentrio; Trimble Inc.; Carlson Software Inc.; Juniper Systems Inc.; Raven Industries, Inc.; Shanghai Huace Navigation Technology Ltd.; Spectra Precision; and Robert Bosch Tool Corporation are among the key players profiled in the US Land Survey Equipment market report. The strategic presence of key players positions the US as a key country for market growth.

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