Land Survey Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Solution, Industry, Application, and Hardware
The land survey equipment market is expected to grow from US$ 8,068. 0 million in 2022 to US$ 12,568. 4 million by 2028; it is estimated to grow at a CAGR of 7. 7% from 2022 to 2028. The use of terrestrial laser scanners is growing steadily in land surveys.
New York, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Land Survey Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Solution, Industry, Application, and Hardware" - https://www.reportlinker.com/p06353492/?utm_source=GNW
Terrestrial laser scanners with high precision systems can work under various environmental conditions and circumstances, such as deep mines.
Terrestrial laser scanners are most suitable for surveying the mining field as this industry needs accurate data to get the facility’s as-built documentation.Special attention is paid to the equipment that supports vertical transport for the safe operation of underground mines.
The terrestrial laser scanning is an active imaging ground-based method that provides an accurate, 3D point cloud of the object’s surface with the help of laser range finding.The number of various terrestrial laser scanner instruments in remote sensing applications is increasing.
Thus, the use of terrestrial laser scanners for land surveys is one of the major factors contributing towards the land survey equipment market growth in the coming years.
Impact of COVID-19 Pandemic on Land Survey Equipment Market
The COVID-19 pandemic changed the course of working and interacting.It made companies shift to more advanced methods of communication.
As most of the land surveying work depends on on-site visits and in-person interaction, the surveyors went through severe problems to overcome them.Controlling workflow, troubleshooting situations, and handling projects became the biggest challenge due to the limited interaction.
Another challenge that surveyors face is quality assurance and quality control for surveying projects. Also, as companies were doing remote working, printing & plotting original surveys at full scale became highly difficult, which hindered reviewing and analyzing information.
Various economic activities in South America (SAM) were partially discontinued to curb the spread of SARS-CoV-2.The COVID-19 outbreak adversely affected the region’s oil & gas industry.
During the pandemic, oil and gas activities were severely disrupted, which subsequently limited the land survey equipment market growth in the region.Social and commercial restrictions imposed by governments of SAM countries constrained activities such as manufacturing and supply chains.
However, since Q4 of 2020, economies in SAM resumed slowly, and land survey equipment end-user industries and their respective companies subsequently resumed their operations.
The SAM land survey equipment market is bifurcated into Peru and the Rest of SAM. In August 2021, Ivan Merino, the Minister of Energy and Mines of Peru, said in an interview with Reuters that the country is seeking help from mining companies Grupo Mexico’s Southern Copper and Las Bambas of China’s MMG Ltd. to construct a rail system from the Andean zone, which is rich in minerals, to the country’s Central Pacific coast. As the country is the world’s second-largest producer of copper, the government of Peru wants to develop the mining sector with the help of this project. This project is scheduled to start by 2023 from Cusco or Apurimac to the port of Marcona and is expected to start operations by 2028.
Furthermore, due to increasing road traffic, the government of Peru has decided to widen Route 22 Central Highway by constructing two-lane roads.This 136 km highway connects Lima, the capital of Peru, with Central Peru.
Along with the Route 22 Central Highway, 94 viaducts and 54 new bridges and tunnels to avoid mountain tops will also be constructed.This project is scheduled to be completed by 2025.
Such projects will increase the requirement for land survey equipment, which will boost the land survey equipment market growth in SAM.
Further, in the land survey equipment market, the Rest of SAM is segmented into Brazil, Argentina, and Colombia.In September 2021, the government of Brazil attended a foundation stone laying ceremony to mark the construction of the Midwest Integration Railway (Fico).
This 383 km railway route will connect Mara Rosa on the North-South Railway west with Agua Boa. The US$ 519.3 million project is expected to be completed by 2026. In November 2021, Eramet announced the relaunch of its lithium production project in Argentina. The French company aims to expand itself in minerals that are required in electric vehicles. Under the partnership with Tsingshan, the Chinese steel group, the project was scheduled to be started in 2022 and commissioned by 2024. Such factors are driving the growth of land survey equipment market in rest of SAM.
Hexagon AB; GUANGDONG KOLIDA INSTRUMENT CO., LTD.; Shanghai Huace Navigation Technology Ltd.; South Surveying & Mapping Technology CO., LTD.; Topcon Corporation; Trimble Inc.; Hi-Target, PENTAX Surveying; Suzhou FOIF Co., Ltd.; and Robert Bosch Tool Corporation are a few companies profiled in the land survey equipment market study. The land survey equipment market players are following organic and inorganic growth strategies to sustain the competitive edge. For instance, in 2021, Shanghai Huace Navigation Technology Ltd. launched HCE600 rugged field controller. HCE600 is a professional, lightweight, and compact field data collector that has an alphanumeric keypad specifically designed for field surveying and mapping operations. It consists of connectivity modules such as Bluetooth 5.0, dual-band 2.4G and 5G Wi-Fi, and a 4G modem.
The overall land survey equipment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the land survey equipment market.
The process also serves the purpose of obtaining an overview and forecast of the land survey equipment market size with respect to all market segments.Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights.
Participants typically involved in the land survey equipment market study include VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the land survey equipment market.
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