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Land Survey Equipment Market Share

Report ID: GMI11928
Published Date: Oct 2024
Report Format: PDF

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Land Survey Equipment Market Share

Land Survey Equipment Company Market Share, 2023

Topcon, Shanghai Huance Navigation Technology, and Hexagon collectively held a substantial market share of over 18% in 2023. Topcon remains dedicated to continuous innovation in its product offerings. The recent launch of the ES and OS series reflectorless total stations in June 2023, featuring enhanced productivity, accuracy, and efficiency, highlights Topcon's commitment to meeting market demand for advanced surveying solutions. By integrating automation and digital technologies such as 3D scanning, LiDAR, and BIM (Building Information Modeling), Topcon addresses the growing need for precision in construction, infrastructure, and agriculture.

Shanghai Huance Navigation Technology emphasizes R&D and indigenous innovation, focusing on high-performance GNSS (Global Navigation Satellite System) solutions for land surveying and positioning. The company regularly introduces new products to support China's expanding infrastructure and smart city initiatives, prioritizing advanced yet affordable technologies to meet local market requirements.

Hexagon employs a robust acquisition strategy to expand its product portfolio and technological capabilities. For instance, the acquisition of Leica Geosystems has brought advanced surveying, mapping, and 3D scanning technologies into Hexagon's fold. Additionally, acquiring various companies in the software and digital solutions space enables Hexagon to offer integrated solutions across multiple sectors, from geospatial intelligence to autonomous systems.

Land Survey Equipment Market Companies

Major players operating in the land survey equipment industry are:

Bosch Tools
DeepWell
Emlid Tech
FARO
GeoTech
Hexagon
Shanghai Huace Navigation Technology
Stonex
Topcon
Trimble

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for land survey equipment was reached USD 8.4 billion in 2023 and is projected to grow at a 5.8% CAGR from 2024 to 2032, propelled by rapid urbanization in developing nations.

The total stations segment accounted for over 35% of the market share in 2023 and is expected to exceed USD 4.5 billion by 2032, led by their growing use in precision agriculture.

The ground-based surveys segment is projected to exceed USD 9 billion by 2032, as they are essential for exploration, planning, and operations in the mining and natural resource sectors.

The U.S. region dominated the 80% share of the land survey equipment in 2023, driven by the rapid adoption of LiDAR technology in land surveying.

Key players in the market include Bosch Tools, DeepWell, Emlid Tech, FARO, GeoTech, Hexagon, Shanghai Huace Navigation Technology, Stonex, Topcon, and Trimble.