Land Survey Equipment Market Growing at a CAGR of 7.67% During 2017 to 2022
Land Survey Equipment consists of all surveying equipment that is used in multiple industries like construction and oil and gas. The market is huge with growth in emergent economies because of rapid urbanization and inclining population. In spite of high costs associated with its usage, the market is booming because of its growing benefits in the application of various diversified industries.
Land Survey Equipment Market Size and Growth Rate:
Land Survey Equipment Market was valued at USD 6.01 billion in 2017 and projected to reach USD 8.70 billion by 2022 growing at a CAGR of 7.67% during the forecast period 2017 to 2022.
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Land Survey Equipment Market Growth Drivers and Restraints:
A need for modern land survey equipment, along with multiple electronic benefits like inspection and monitoring has made the market grow tremendously in emerging economies, where construction and mining has become a huge market.
Further, the high costs have disabled the market to reach its potential with its end users opting for more traditional methods of land survey.
Geographical Overview of Land Survey Equipment Market:
North America still holds a considerable portion of the market share owing to the high technological growth and rapid urbanization in these regions.
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Key Players of Land Survey Equipment Market:
Some of the leading market players of Land Survey Equipment Market are Trimble, Hexagon, Topcon, Meggitt PLC, Hi-Target, CHC-Navigation, Suzhou FOIF and Stonex.
Land Survey Equipment Market Segmentation:
By Software:
- Construction Software
- Oil & Gas Software
- Mining Software
- Agriculture Software
By Application:
- Inspection
- Monitoring
- Volumetric Calculations
- Layout Points
By End User:
- Commercial
- Defense
- Research
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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