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

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Feb 24, 2023, 08:45 ET

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

Technavio has announced its latest market research report titled Global Surveying Equipment Market 2023-2027

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.

Surveying Equipment Market Scope
Report Coverage	Details
Page number	171
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.83%
Market growth 2023-2027	USD 2859.43 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	4.08
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 48%
Key countries	US, China, India, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	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.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's industrials market reports

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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