Surveying Equipment Market size is set to grow at a CAGR of 4.83% by 2027, Historic market size is valued at USD 9,451.10 million in 2017 - Technavio

NEW YORK, Feb. 24, 2023 /PRNewswire/ -- The global surveying equipment market size is estimated to increase by USD 2,859.43 million between 2022 and 2027. The market's growth momentum will accelerate at a CAGR of 4.83%. The report also includes historic market data from 2017 to 2021.The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Discover some insights on market size before buying the full report -Request a sample report

Surveying equipment market – Vendor Analysis

Vendor Offerings –

• FARO Technologies Inc. - The company offers surveying equipment that makes on-site measurement easy and fast, reducing inspection cycle times.
• Kolida Instrument Co. Ltd. - The company offers surveying equipment that measures 3D coordinates by tracking a target that the user moves from one point to another on the object being measured.
• Hexagon Co. - The company offers surveying equipment that helps to measure, process, report, and share information efficiently and accurately.
• For Details on vendors and their offerings – Buy the report!

Vendor Landscape –

The global surveying equipment market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer surveying equipment in the market are Aparna Agencies, FARO Technologies Inc., Guangdong Kolida Instrument Co. Ltd., Hexagon AB, Kongsberg Gruppen ASA, Ohmex Ltd., PASI srl, Raytheon Technologies Corp., Robert Bosch GmbH, Seafloor Systems Inc., Shanghai Huace Navigation Technology Ltd., South Surveying and Mapping Instruments Co. Ltd., SURVEY COPTER, Target Corp., Teledyne Technologies Inc., Thales Group, Topcon Positioning Systems Inc., Trimble Inc., Turner Morris, and Valeport Ltd. and others.
 

• The global surveying equipment market consists of many global and local vendors. There is strong competition among major vendors. International vendors compete in terms of quality, features, functionalities, and services. They invest in R& D and innovation in advanced technology to maintain their market foothold. Vendors also try to increase their share by targeting emerging economies like Asia and Latin America.

Surveying Equipment Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type, Application (Land application and Hydrographic application), Product (Total stations and theodolites levels, GNSS system, UAV, Pipe lasers, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). 

• The land application segment will account for a significant share of the market's growth during the forecast period. This is due to the growing investments in building public properties like bridges, highways, roads, and expressways in various countries. The rise of passengers and freight, primarily in the APAC and Europe regions has been driving significant growth in the global market. The market for high-speed rail has a high potential in Europe because of the high demand to connect various European regions by railways.

Geography Overview
By geography, the global surveying equipment market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global surveying equipment market.

• APAC is estimated to account for 48% of the growth of the global market during the forecast period. The growth of the regional market is attributed to the many countries in the region which have technological capabilities and are also investing in land surveying tools. The vendors in the region are deploying highly competitive pricing strategies through aftermarket support services fueling the regional market growth. India and China are rapidly adopting drones for commercial applications, including land surveying. For instance, in April 2020, under the Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme launched by the Government of India (GoI), drone surveying is used for the demarcation of rural areas. Factors like these are anticipated to foster the growth of the regional market during the forecast period.

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Surveying Equipment Market – Market Dynamics

Leading Drivers - The development of existing rail infrastructure is driving major investments in the railway market in APAC. APAC countries account for a major share of the investment in railways globally. For instance, in India, around 2,800 km of the new track of railway lines will be installed to decongest the existing railway tracks. The government of India has also planned for three freight corridors: East-West, North-South, and East Coast. They will ensure the fast movement of goods and take the load of the existing rail network. The growth in the construction industry in the US is also a driving factor for the market's growth.

Key Trends - The uptake of unmanned aerial vehicles (UAVs) for civil applications offer tremendous opportunities for air-based activities. The opportunities include factors like being able to survey Hazardous or difficult-to-reach areas without human intervention.  The rapid progress in the development of robotics, artificial intelligence, low-cost sensors, satellite systems, big data, and genetics is opening whole new sectors of ocean use and research. Trends like this drive major demand in the global surveying equipment market.

Major challenges - The US and global economies have been undergoing a period of moderate to slow growth and unprecedented volatility that harms the industry. It harms market growth because the construction industry is highly sensitive to national and regional macroeconomics. Furthermore, fluctuations in the price of crude oil harmed the profitability and performance of upstream oil and gas companies. Upstream oil and gas companies are adversely affected when crude oil prices fall since the price at which crude oil is sold is determined by the market conditions even though production costs are largely fixed.

 Know about other drivers, Trends & Challenges, and find some insights from a sample report!

What are the key data covered in this Surveying Equipment Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Surveying Equipment Market between 2023 and 2027
• Precise estimation of the size of the Surveying Equipment Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Surveying Equipment Market industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Surveying Equipment Market vendors

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Related Reports:

The land surveying equipment market size is expected to increase to USD 3.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%. The enhanced application of drones in land surveying is a factor supporting the land surveying equipment market growth.

The online survey software market size is expected to increase by USD 3.72 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.31%. Increased use of online survey software among SMBs is one of the major drivers impacting the online survey software market growth.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global surveying equipment market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global surveying equipment market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Land application - Market size and forecast 2022-2027
• Exhibit 34: Chart on Land application - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Land application - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Land application - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Land application - Year-over-year growth 2022-2027 (%)

• 6.4 Hydrographic application - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Hydrographic application - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hydrographic application - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hydrographic application - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hydrographic application - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Total stations and theodolites levels - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Total stations and theodolites levels - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Total stations and theodolites levels - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Total stations and theodolites levels - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Total stations and theodolites levels - Year-over-year growth 2022-2027 (%)

• 7.4 GNSS system - Market size and forecast 2022-2027
• Exhibit 51: Chart on GNSS system - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on GNSS system - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on GNSS system - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on GNSS system - Year-over-year growth 2022-2027 (%)

• 7.5 UAV - Market size and forecast 2022-2027
• Exhibit 55: Chart on UAV - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on UAV - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on UAV - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on UAV - Year-over-year growth 2022-2027 (%)

• 7.6 Pipe lasers - Market size and forecast 2022-2027
• Exhibit 59: Chart on Pipe lasers - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Pipe lasers - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Pipe lasers - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Pipe lasers - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Product 
• Exhibit 67: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 FARO Technologies Inc. 
• Exhibit 120: FARO Technologies Inc. - Overview
• Exhibit 121: FARO Technologies Inc. - Business segments
• Exhibit 122: FARO Technologies Inc. - Key news
• Exhibit 123: FARO Technologies Inc. - Key offerings
• Exhibit 124: FARO Technologies Inc. - Segment focus

• 12.4 Guangdong Kolida Instrument Co. Ltd. 
• Exhibit 125: Guangdong Kolida Instrument Co. Ltd. - Overview
• Exhibit 126: Guangdong Kolida Instrument Co. Ltd. - Product / Service
• Exhibit 127: Guangdong Kolida Instrument Co. Ltd. - Key offerings

• 12.5 Hexagon AB 
• Exhibit 128: Hexagon AB - Overview
• Exhibit 129: Hexagon AB - Business segments
• Exhibit 130: Hexagon AB - Key news
• Exhibit 131: Hexagon AB - Key offerings
• Exhibit 132: Hexagon AB - Segment focus

• 12.6 Kongsberg Gruppen ASA 
• Exhibit 133: Kongsberg Gruppen ASA - Overview
• Exhibit 134: Kongsberg Gruppen ASA - Business segments
• Exhibit 135: Kongsberg Gruppen ASA - Key news
• Exhibit 136: Kongsberg Gruppen ASA - Key offerings
• Exhibit 137: Kongsberg Gruppen ASA - Segment focus

• 12.7 Ohmex Ltd. 
• Exhibit 138: Ohmex Ltd. - Overview
• Exhibit 139: Ohmex Ltd. - Product / Service
• Exhibit 140: Ohmex Ltd. - Key offerings

• 12.8 PASI srl 
• Exhibit 141: PASI srl - Overview
• Exhibit 142: PASI srl - Product / Service
• Exhibit 143: PASI srl - Key offerings

• 12.9 Raytheon Technologies Corp. 
• Exhibit 144: Raytheon Technologies Corp. - Overview
• Exhibit 145: Raytheon Technologies Corp. - Business segments
• Exhibit 146: Raytheon Technologies Corp. - Key news
• Exhibit 147: Raytheon Technologies Corp. - Key offerings
• Exhibit 148: Raytheon Technologies Corp. - Segment focus

• 12.10 Robert Bosch GmbH 
• Exhibit 149: Robert Bosch GmbH - Overview
• Exhibit 150: Robert Bosch GmbH - Business segments
• Exhibit 151: Robert Bosch GmbH - Key news
• Exhibit 152: Robert Bosch GmbH - Key offerings
• Exhibit 153: Robert Bosch GmbH - Segment focus

• 12.11 Seafloor Systems Inc. 
• Exhibit 154: Seafloor Systems Inc. - Overview
• Exhibit 155: Seafloor Systems Inc. - Product / Service
• Exhibit 156: Seafloor Systems Inc. - Key offerings

• 12.12 Shanghai Huace Navigation Technology Ltd.
• Exhibit 157: Shanghai Huace Navigation Technology Ltd. - Overview
• Exhibit 158: Shanghai Huace Navigation Technology Ltd. - Product / Service
• Exhibit 159: Shanghai Huace Navigation Technology Ltd. - Key offerings

• 12.13 South Surveying and Mapping Instruments Co. Ltd.
• Exhibit 160: South Surveying and Mapping Instruments Co. Ltd. - Overview
• Exhibit 161: South Surveying and Mapping Instruments Co. Ltd. - Product / Service
• Exhibit 162: South Surveying and Mapping Instruments Co. Ltd. - Key offerings

• 12.14 SURVEY COPTER 
• Exhibit 163: SURVEY COPTER - Overview
• Exhibit 164: SURVEY COPTER - Product / Service
• Exhibit 165: SURVEY COPTER - Key offerings

• 12.15 Target Corp. 
• Exhibit 166: Target Corp. - Overview
• Exhibit 167: Target Corp. - Product / Service
• Exhibit 168: Target Corp. - Key offerings

• 12.16 Teledyne Technologies Inc. 
• Exhibit 169: Teledyne Technologies Inc. - Overview
• Exhibit 170: Teledyne Technologies Inc. - Business segments
• Exhibit 171: Teledyne Technologies Inc. - Key news
• Exhibit 172: Teledyne Technologies Inc. - Key offerings
• Exhibit 173: Teledyne Technologies Inc. - Segment focus

• 12.17 Turner Morris 
• Exhibit 174: Turner Morris - Overview
• Exhibit 175: Turner Morris - Product / Service
• Exhibit 176: Turner Morris - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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