The SAM land survey equipment market is expected to grow from US$ 395.05 million in 2022 to US$ 556.36 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.
Increasing Growth of Industrial & Agriculture Sectors
The demand for products such as apparel, electronics, and other consumer durables is increasing, owing to the rising population and high disposable income. Further, the agriculture sector is witnessing tremendous growth in several countries. Peru’s agricultural exports increased from US$ 645 million in 2000 to US$ 7.8 billion in 2020. The country quadrupled its agricultural land to ~200,000 hectares due to increased agricultural exports. The rising growth of the industrial & agricultural sectors are generating more demand for land, which is subsequently increasing the sales of land survey equipment. Thus, such factors are driving the land survey equipment market growth.
Market Overview
The SAM land survey equipment market is bifurcated into Peru and the Rest of SAM. As per the data of LandLinks of 2014, Peru covers a total of 1.2 million km2 land area. Moreover, Peru has been registering a few of the largest rail projects in the region. 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. Further, 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 market growth in SAM.
SAM Land Survey Equipment Market Segmentation
The SAM land survey equipment market is segmented based on solution, industry, application, hardware, and country.
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. are the leading companies operating in the SAM land survey equipment market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 395.05 Million |
| Market Size by 2028 | US$ 556.36 Million |
| CAGR (2022 - 2028) | 5.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Land Survey Equipment Market is valued at US$ 395.05 Million in 2022, it is projected to reach US$ 556.36 Million by 2028.
As per our report South America Land Survey Equipment Market, the market size is valued at US$ 395.05 Million in 2022, projecting it to reach US$ 556.36 Million by 2028. This translates to a CAGR of approximately 5.9% during the forecast period.
The South America Land Survey Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Land Survey Equipment Market report:
The South America Land Survey Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Land Survey Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Land Survey Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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