The Land Survey Equipment Market refers to the global industry that involves the manufacturing, distribution, and use of various instruments and technologies used for land surveying and mapping purposes. Land surveying is the process of measuring and mapping the physical features of a piece of land, including its boundaries, contours, elevations, and other relevant attributes. This information is crucial for various industries, including construction, engineering, real estate, agriculture, urban planning, and environmental management.
According to a new report published by Allied Market Research, titled, “Land Survey Equipment Market," The land survey equipment market size was valued at $7.3 billion in 2020, and is estimated to reach $13.4 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
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In 2020, the construction segment dominated the market, followed by the oil & gas segment. The land survey equipment market includes revenue generated by products used for surveying land by different process in several industries such as construction, mining, defense, and others.
The land survey equipment market growth is mainly driven by rise in construction activities in developing countries. In addition, rise in application of remote operation of UAVs has led to rise in demand for drones. Moreover, advantages related to time saving and accuracy gained in data output also propel the market growth.
However, lack of skilled manpower operating land survey equipment and analysis technology acts as a restraint for the land survey equipment market. Moreover, renting and leasing of these land survey equipment led to restricted sales of land surveying equipment. In addition, lockdown was announced, owing to the outbreak of COVID-19, which, in turn, led to a halt in construction activities as well as other surveying activities. In addition, mining and oil & gas industries were also operating in limited capacity. This hampered sales of the land survey equipment. However, the upgraded technology used for data collection and its management is expected to boost the land survey equipment industry during the forecast period.
The land survey equipment market is segmented into product, industry, and application. On the basis of product, the market is divided into GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, unmanned aerial vehicles (UAVs), and others. Depending on industry, it is classified into construction, oil & gas, agriculture, mining, disaster management, and others. By application, it is segregated into inspection & monitoring, volumetric calculations, and layout points.
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About Allied market research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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