At 7.3% CAGR, the MEA Land Survey Equipment Market is projected to be worth US$ 1,032.76 million by 2028, says Business Market Insights.

According to Business Market Insights’ research, the MEA land survey equipment market was valued at US$ 677.13 million in 2022 and is expected to reach US$ 1,032.76 million by 2028, registering a CAGR of 7.3% from 2022 to 2028.  Development of terrestrial laser scanners and use of unmanned aerial vehicles (UAVs) and remote-control drones are the critical factors attributed to the market expansion.               

The use of terrestrial laser scanners is growing steadily in land surveys. 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, and the mines are deepened nowadays. Special attention is paid to the equipment that support 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. Moreover, mobile systems that have platform georeferencing and integrated laser scanning are installed on rail cars, road vehicles, etc., to capture kinematic data. The use of mobile laser scanners is increasing dramatically for the compilation of asset inventories and rapid corridor mapping. Therefore, development of terrestrial laser scanners is expected to drive the market growth.

On the contrary, lack of skilled manpower hurdles the growth of MEA land survey equipment market.   

• Based on solution, the MEA land survey equipment market is segmented into hardware, software, and services. The hardware segment held 54.9% market share in 2022, amassing US$ 371.61 million. It is projected to garner US$ 543.38 million by 2028 to expand at 6.5% CAGR during 2022–2028.       
• Based on industry, the MEA land survey equipment market is segmented into mining, construction, agriculture, oil & gas, and others. The construction segment held 57.4% market share in 2022, amassing US$ 388.56 million. It is projected to garner US$ 575.29 million by 2028 to expand at 6.8% CAGR during 2022–2028.   
• Based on application, the MEA land survey equipment market is segmented into volumetric calculations, inspection, layout points, monitoring, and others. The inspection segment held 35.1% market share in 2022, amassing US$ 237.46 million. It is projected to garner US$ 374.86 million by 2028 to expand at 7.9% CAGR during 2022–2028.     Based on hardware, the MEA land survey equipment market is segmented into GNSS systems, levels, 3D laser scanners, total stations, theodolites, unmanned aerial vehicles, machine control systems, machine guidance systems, and others.  The GNSS systems segment held 25.9% market share in 2022, amassing US$ 96.19 million. It is projected to garner US$ 152.05 million by 2028 to expand at 7.9% CAGR during 2022–2028.            
• Based on country, the MEA land survey equipment market has been categorized into Saudi Arabia, the UAE, Egypt, Mauritius, Seychelles, and the Rest of MEA.  Our regional analysis states that the Rest of MEA captured 37.0% market share in 2022. It was assessed at US$ 250.42 million in 2022 and is likely to hit US$ 344.64 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.                      

Key players dominating the MEA land survey equipment market are GUANGDONG KOLIDA INSTRUMENT CO., LTD.; Hexagon AB; Hi-Target; PENTAX Surveying; Robert Bosch Tool Corporation; Shanghai Huace Navigation Technology Ltd.; South Surveying & Mapping Technology CO., LTD.; Suzhou FOIF Co., Ltd.; Topcon Corporation; and Trimble Inc., among others.    

• In 2021, Topcon Corporation announced that they have entered a contract with DDK Positioning Ltd. to supply Global Navigation Satellite System and hardware components. DDK Positioning will use Topcon's positioning system to deliver their MAX services to Oceaneering International, Inc.’s clients.

• In 2022, Hexagon AB introduced the new Leica GS18 I which is equipped with the company’s calibration-free, tilt-compensating GNSS solution which immune to magnetic disturbances, plus the power of survey-grade visual positioning. Also, it enables the measurement of points from images.  In addition, the solution can help the professionals to map areas that are difficult to reach physically, such as trenches, high power lines and busy roads, areas underneath bridges or canopies effortlessly from a distance. 

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com