The Worldwide Total Station Industry is Expected to Reach $2.2 Billion by 2027

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Feb 03, 2022, 15:45 ET

DUBLIN, Feb. 3, 2022 /PRNewswire/ -- The "Global Total Station Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Type (Manual, Robotic), Application (Construction, Agriculture, Oil & Gas, Mining, Transportation, Utilities, Forensic), and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global total station market is estimated to reach USD 2.2 billion by 2027, registering a CAGR of 6.1% from 2022 to 2027.

The construction industry is expected to grow extensively over the next 10 years worldwide, especially in developing countries. According to an article published by Construction Global, the construction industry will grow 35% by 2030 at an average annual growth rate of 3.6% per year. With the increasing demand, contractors struggle through low productivity and high unexpected rework and change orders. This, in turn, requires the adoption of new processes such as advanced equipment, building information modeling solutions, and digital workflows.

China, the US, and India are the three largest markets in the global construction industry, as shown in the below pie chart. China can be seen as the largest contributor to the global construction market, followed by the US and India. Most of the growth in the construction sector is anticipated to come from developing countries such as China, India, Indonesia, and others. Hence, the demand for total stations is projected to grow at an impressive rate in these markets over the forecast period.

Construction industry to dominate the total station market in 2021

The total stations in the construction industry find applications in site surveying, foundation laying, earthwork mapping, pipe laying, trenching for drainage, and engineering. The growing globalization and urbanization and rising investments in infrastructure development are fueling the adoption of total stations for the abovementioned applications in the construction industry. Total stations are also majorly used for measurements in outdoor locations such as large construction sites. There are some instances where total stations can be used in indoor locations. However, they are more suitable for measuring parameters in outdoor and less complex locations. The total stations are widely used in the civil infrastructure, industrial and commercial, and residential sectors.

Hardware segment to hold a larger share of total station market during the forecast period

Hardware segment to hold a larger market share of total station between 2022 and 2027. The increasing demand for precise, error-free measurements in the surveying application is fueling the demand for total stations. Moreover, the rising income levels, especially of the middle-class population, across the globe has created a high demand for new modernized building structures in the residential sector. Also, the rising need for world-class infrastructure in airports and railway stations has created growth opportunities for the providers of total stations in the commercial sector. The positive growth outlook of these sectors is consequently projected to increase the demand for total stations during the forecast period.

Market in APAC to grow at highest CAGR during the forecast period

The growing population, rising urbanization, and expanding construction industry in emerging economies such as China and India are the key factors driving the growth of the APAC total station market. In these countries, geospatial technologies are being utilized for construction, mining, agricultural activities, and rural development over the past decade. Companies belonging to various sectors and industries, such as construction, mining, manufacturing, transportation, and agriculture, are using total stations and geospatial information to make strategic decisions about the feasibility of large construction projects. Surveying and mapping technologies are widely used in APAC. The development of smart cities in China, India, and several countries in South-East Asia has driven demand for total stations.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Realistic Scenario
3.2 Pessimistic Scenario
3.3 Optimistic Scenario

4 Premium Insights
4.1 Attractive Growth Opportunities for Total Station Market
4.2 Total Station Market, by Offering
4.3 Total Station Market, by Type
4.4 Total Station Market in North America, by Application and Country
4.5 Total Station Market, by Application
4.6 Total Station Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Positive Demand from Thriving Construction Industry
5.2.1.2 Growing Demand for 3D Modeling and Scanning Across Industries
5.2.1.3 Advanced Robotic Total Stations
5.2.1.4 Constant Improvements in Data Collection & Analysis Software
5.2.1.5 Use of Total Stations for Essential Measurements in Railways
5.2.2 Restraints
5.2.2.1 High Cost and Availability of Other Surveying Alternatives
5.2.2.2 Harsh Environmental Factors May Impact Performance
5.2.3 Opportunities
5.2.3.1 Growing Investments in Building and Modernizing Infrastructure by Developing Nations
5.2.3.2 High Growth Potential in Forensic Investigation Applications
5.2.4 Challenges
5.2.4.1 Lack of Expertise on Modern-Day Instruments
5.3 Value Chain Analysis
5.4 Ecosystem Analysis
5.5 Trends/Disruptions Impacting Customer's Business
5.5.1 Revenue Shift and New Revenue Pockets for Players in Total Station Market
5.6 Porter's Five Forces Analysis
5.7 Case Study Analysis
5.8 Technology Analysis
5.9 Pricing Analysis
5.10 Trade Analysis
5.11 Patent Analysis
5.12 Market Regulations and Standards

6 Components of Total Stations
6.1 Introduction
6.2 Electronic Distance Measurement (EDM)
6.3 Electronic Theodolite
6.4 Microprocessor
6.5 Storage Unit
6.6 Others (Display, Prism, and Accessories)

7 Total Station Market, by Offering
7.1 Introduction
7.2 Hardware
7.2.1 Increasing Demand for Robotic Total Stations to Drive Market Growth
7.3 Services
7.3.1 Rising Demand for Maintenance and Training Services to Drive Market Growth

8 Total Station Market, by Type
8.1 Introduction
8.2 Manual Total Station
8.2.1 Manual Total Station Segment to Hold Substantial Market Share During Forecast Period
8.3 Robotic Total Station
8.3.1 Robotic Total Station Segment to Exhibit Higher CAGR Between 2022 and 2027

9 Total Station Market, by Application
9.1 Introduction
9.2 Construction
9.2.1 Rising Urbanization to Fuel Growth of Construction Segment
9.2.2 Civil Infrastructure Sector
9.2.3 Industrial and Commercial Sectors
9.2.4 Residential
9.2.5 Impact of COVID-19
9.3 Agriculture
9.3.1 Growing Use of Total Stations in Crop Surveying and Precision Farming to Boost Market Growth
9.3.2 Impact of COVID-19
9.4 Oil and Gas
9.4.1 Requirement of Highly Efficient Equipment in Oil and Gas Exploration to Drive Market Growth
9.4.2 Impact of COVID-19
9.5 Mining
9.5.1 Increasing Exploration Activities in Mining Industry to Fuel Demand for Total Stations
9.5.2 Impact of COVID-19
9.6 Transportation
9.6.1 High Investments in Development of Transportation Infrastructure to Drive Growth of Total Station Market
9.6.2 Impact of COVID-19
9.7 Utilities
9.7.1 High Demand for Utilities to Boost Growth of Total Station Market
9.7.2 Impact of COVID-19
9.8 Forensic Investigation
9.8.1 Growing Demand for Accurate Measurements in Reconstruction of Crime and Crash Scenes to Fuel Demand for Total Stations
9.8.2 Impact of COVID-19
9.9 Others
9.9.1 Impact of COVID-19

10 Geographic Analysis

11 Competitive Landscape
11.1 Introduction
11.2 Key Player Strategies/Right to Win
11.3 Top 3 Company Revenue Analysis
11.4 Market Share Analysis, 2021
11.5 Company Evaluation Quadrant, 2021
11.5.1 Star
11.5.2 Emerging Leader
11.5.3 Pervasive
11.5.4 Participant
11.6 Small and Medium Enterprises (SMEs) Evaluation Quadrant, 2021
11.6.1 Progressive Company
11.6.2 Responsive Company
11.6.3 Dynamic Company
11.6.4 Starting Block
11.7 Total Station Market: Company Footprint
11.8 Competitive Situations and Trends
11.8.1 Product Launches
11.8.2 Deals

12 Company Profiles
12.1 Key Players
12.1.1 Hexagon AB
12.1.2 Trimble Inc.
12.1.3 Topcon Corporation
12.1.4 Suzhou Foif Co. Ltd.
12.1.5 Stonex Srl
12.1.6 South Surveying & Mapping Technology Co. Ltd.
12.1.7 Guangdong Kolida Instruments Co. Ltd.
12.1.8 Hi-Target
12.1.9 Horizon SG
12.1.10 TI Asahi Co. Ltd.
12.2 Other Players
12.2.1 Geo-Allen Co. Ltd.
12.2.2 Geo-Fennel GmbH
12.2.3 Hilti Inc.
12.2.4 Satlab Geosolutions AB
12.2.5 Shanghai Huace Navigation Technology Ltd.
12.2.6 Carlson Software
12.2.7 Sanding Optic-Electric Instrument Co. Ltd.
12.2.8 Laser Technology, Inc.
12.2.9 GPI Co. Ltd.
12.2.10 Lawrence & Mayo India Pvt. Ltd.
12.2.11 eSurvey GNSS
12.2.12 Beijing Cap High Technology Co. Ltd.
12.2.13 Changzhou Dadi Surveying Science & Technology Co. Ltd.
12.2.14 NWI
12.2.15 Sheng Xing Instrument Co. Ltd.