Demand for precise analysis and legal survey of land are two major drivers fuelling the demand for land survey equipment market.
Future Market Insights, Dubai: The global land survey equipment market is expected to rise at a CAGR of 6% over the forecast period of 2021 to 2031. The growth in demand is strengthened by rising construction activities in the government and private sectors.
The critical need for land surveying equipment in construction activities to plan construction process, calculate land volume metrics, and finalize legal boundaries will bolster its demand during the forecast period. Advent of GIS Asset and GNSS systems will further augment growth as they help in detecting accurate location of site and asset, thus enabling easy tracking of construction activities for developers.
Neglected safety measures and increasing incidents of accidents have increased the demand for safe environment. Several industries have adopted safe and reliable land survey equipments to inspect and monitor remote locations when manual monitoring is not possible. These factors will encourage growth in the land survey equipment market.
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Investments in research and development activities by land survey equipment manufacturers is increasing in response to the surging demand for advanced and better products. Adoption of new manufacturing strategies to reduce costs is further enabling growth in the land survey equipment in global market. Cloud based data acquisition unmanned aerial vehicle are some of next generation technologies that will change market dynamics in the future.
According to FMI’s analysis, Asia Pacific is expected to dominate the global market during the forecast period owing to new guidelines and government initiatives.
“There is increasing focus on diversifying portfolio. Companies are therefore investing in research and development to gain competitive edge. Besides this, strategic collaborations will remain a key strategy adopted by market players for strengthening their footprint,” remarks the FMI analyst.
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Discover more about the land survey equipment market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/ask-question/rep-gb-6805
Key players in the market are focusing on investing in research institutes across numerous regions to improve their offerings and diversify product portfolio. They are also adopting numerous other strategies such as digital marketing, partnership agreements, and acquiring technical expertise among others to strengthen their footprint. For instance:
Some of the leading players in the land survey equipment market profiled by FMI are:
More Insights on FMI’s Land Survey Equipment Market
The latest market study on the global land survey equipment market y Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:
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