HOME Research Insight Trimble (US) and Hexagon (Sweden) are the Key Players in the Land Survey Equipment Market

Trimble (US) and Hexagon (Sweden) are the Key Players in the Land Survey Equipment Market

The land survey equipment market is expected to reach USD 8.70 Billion by 2022, at a CAGR of 7.67% from 2017 to 2022. This growth can be attributed to rapid urbanization, development of smart cities, and the growing construction industry in North America, Asia Pacific, and Africa. In addition, technological advancements in land survey instruments have propelled the growth of the land survey equipment market.

Key players in the land survey equipment market are Trimble (US), Hexagon (Sweden), Topcon (Japan), Meggitt PLC (UK), Hi-Target (China), CHC-Navigation (China), etc. Stakeholders in this market such as component manufacturers, OEMs, and suppliers are focusing on launching new products and making acquisitions.

Trimble (US) is the leading player in the survey equipment market. The company focuses on large markets historically underserved by technology, profitability, and market leadership. In July 2017, the company collaborated with Propeller Aero (Australia), a leader in the advanced collection, visualization, and analysis of data from Unmanned Aircraft Systems (UAS) to distribute the UAS analytics platform. Propeller Aero’s simple automated ground control targets, cloud-based visualization, and rapid analysis platform will also be integrated with Trimble Connected Site solutions for an end-to-end cloud-based UAS solution for civil engineers and construction contractors. Furthermore, in 2017, the company launched new survey equipment such as GFX-750, C5 & C3 (Total Stations), APX-15-EI UAV, APX-18 UAV, and APX-20, which has strengthened its position in the market.   

Hexagon (Sweden) is another leading player in the land survey equipment market. Since 2000, Hexagon has completed more than 120 corporate acquisitions, and in 2016, it acquired 4 geospatial companies. In 2016, Hexagon acquired SCCS (UK) and SigmaSpace (US) to expand its geographical presence, product portfolio, and distributor channel. The company also focuses on new product launches. In November 2017, Leica, a subsidiary of Hexagon, launched the ScanStation P50, the fastest and the safest long-range 3D laser scanner as the newest member in the 3D terrestrial laser scanner P-Series.

Related Reports:

Land Survey Equipment Market by Product (Gnss Systems, Total Stations & Theodolites, 3D Laser Scanners, UAVS), Industry (Construction, Oil & Gas, Mining, Agriculture), Application, Software, End User, Region - Global Forecast to 2022

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