At 7.2% CAGR, the North America Land Survey Equipment Market is projected to be worth US$ 2,251.40 million by 2028, says Business Market Insights         

According to Business Market Insights’ research, the North America land survey equipment market was valued at US$ 1,549.31 million in 2022 and is expected to reach US$ 2,251.40 million by 2028, registering a CAGR of 7.2% 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 North America land survey equipment market.   

• Based on solution, the North America land survey equipment market is segmented into hardware, software, and services. The hardware segment held 56.3% market share in 2022, amassing US$ 872.67 million. It is projected to garner US$ 1,216.70 million by 2028 to expand at 6.4% CAGR during 2022–2028.   
• Based on industry, the North America land survey equipment market is segmented into mining, construction, agriculture, oil & gas, and others. The construction segment held 61.7% market share in 2022, amassing US$ 956.26 million. It is projected to garner US$ 1,350.31 million by 2028 to expand at 6.6% CAGR during 2022–2028. 
• Based on application, the North America land survey equipment market is segmented into volumetric calculations, inspection, layout points, monitoring, and others. The inspection segment held 32.8% market share in 2022, amassing US$ 508.06 million. It is projected to garner US$ 766.51 million by 2028 to expand at 8.0% CAGR during 2022–2028. 
• Based on hardware, the North America 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 23.3% market share in 2022, amassing US$ 203.24 million. It is projected to garner US$ 309.60 million by 2028 to expand at 8.2% CAGR during 2022–2028.    
• Based on country, the North America land survey equipment market has been categorized into the US and Mexico.  Our regional analysis states that the US captured 89.4% market share in 2022. It was assessed at US$ 1,385.24 million in 2022 and is likely to hit US$ 2,044.04 million by 2028, exhibiting a CAGR of 7.5% during the forecast period.     

Key players dominating the North America land survey equipment market are 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, Trimble Inc. announced that Trimble GEDO solutions are used by the Southern California firm to improve productivity in measurements for tamping. The Trimble GEDO IMS is used on more than 20 miles of tamping work. The system speeds up track measurement and reduces labor costs.    

• 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.

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