The land survey equipment market is projected to grow from USD 6.01 Billion in 2017 to USD 8.70 Billion by 2022, at a CAGR of 7.67% during the forecast period.
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This growth can be attributed to rapid urbanization, development of smart cities, and increasing construction activities in North America, Asia Pacific, and Africa regions.
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The land survey equipment market has been segmented on the basis of product, industry, application, software, end user, and region. Based on product, the land survey equipment market has been segmented into GNSS systems, total stations & theodolites, levels, 3D laser scanners, lasers, and Unmanned Aerial Vehicles (UAVs).
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The UAVs product segment of the land survey equipment market is projected to grow at the highest CAGR from 2017 to 2022, owing to the increased use of UAVs for potential commercial applications, and their applicability in mining, surveying, 3D mapping, the oil & gas sector, etc.
Based on application, the land survey equipment market has been segmented into inspection, monitoring, volumetric calculations, and layout points. The layout points segment is expected to grow at the highest CAGR from 2017 to 2022.
The growth of this segment can be attributed to the increasing focus of manufacturers on the use of IT to plan layouts; for example, 4D simulations, Building Information Modelling (BIM), and others, which can help optimize the layout plan during various phases of construction.
Based on industry, the construction segment of the land survey equipment market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to rapid urbanization in emerging economies of Asia and Africa.
Based on software, the land survey equipment market has been segmented into construction software, oil & gas software, mining software, and agriculture software. The construction software segment is estimated to account for the largest share of the land survey equipment market in 2017.
Based on region, the land survey equipment markethas been segmented into North America, Europe, Asia Pacific, Africa, Middle East, and Latin America. The Asia Pacific is projected to lead the land survey equipment market during the forecast period.
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