The total station market is estimated to reach USD 2.2 billion by 2027, registering a CAGR of 6.1% from 2022 to 2027. In the construction industry, total stations find applications in site surveying, foundation laying, earthwork mapping, pipe laying, trenching for drainage, and engineering. The increasing globalization and urbanization and rising investments in infrastructure development are fueling the adoption of total stations for the abovementioned applications in the construction industry.
Total stations are also majorly used for measurements in outdoor locations such as large construction sites. There are some instances where total stations can be used in indoor locations. However, they are more suitable for measuring parameters in outdoor and less complex locations. The total stations are widely used in the civil infrastructure, industrial and commercial, and residential sectors.
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Asia Pacific is projected to grow at the highest CAGR in the total station market for construction application during the forecast period. The region is undergoing urbanization, with several countries undertaking the construction of large civil infrastructure projects for better connectivity and economic growth. This factor is expected to drive the demand for total stations in the region during the forecast period.
Key players operating in total station market include major players operating in different stages in the entire value chain of total station market; these players are Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Suzhou FOIF Co. Ltd. (China), and STONEX Srl (Italy). Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as acquisitions to increase their revenue.
Top 3 Players in Total Station Market:
Hexagon AB is a publicly listed global company specializing in software, digital reality solutions, and hardware solutions. The company offers its solutions and products majorly to manufacturing, construction, public safety, autonomous mobility, automotive, and aerospace industries. The company has a vast product line offered through two major segments: Geospatial Enterprises Solutions (GES) and Industrial Enterprises Solutions (IES). The GES segment offers solutions for surveying, infrastructure & construction, natural resources, aerospace & defense, public safety, and other applications. The IES segment offers solutions for electronics & manufacturing, power & energy, automotive, aerospace & defense, and other industries.
Trimble Inc. is a global company specializing in software, hardware, services, and technologies. It has Trimble Inc. is a global company specializing in software, hardware, services, and technologies. Trimble Inc. has its offerings divided into products, services, and subscriptions. The products include hardware and software licenses, while the maintenance and support for these hardware and software are counted as services. The company also hosts and offers software-as-a-service (SaaS) subscriptions. Its revenue is reported under four main segments: Buildings & Infrastructure, Geospatial, Resources & Utilities, and Transportation. The Geospatial segment serves customers from the engineering and government sectors. The product portfolio in this segment is divided into surveying & geospatial systems, geographic information systems (GIS), and global navigation satellite systems (GNSS).
Topcon Corporation is a Japanese manufacturer of optical equipment and surveying instruments prominently serving agriculture, healthcare, and infrastructure industries. Topcon has four main segments through which it provides products: Positioning, Smart Infrastructure, Eye Care, and Other Businesses. Each segment is divided into subsegments according to the products offered. Total stations are offered through the Smart Infrastructure segment, which serves surveying, construction & building, civil engineering, and agriculture domains. The company also serves the utilities, forestry, education, and forensics sectors.
Total Station Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Type (Manual, Robotic), Application (Construction, Agriculture, Oil & Gas, Mining, Transportation, Utilities, Forensic) and Region - Global Forecast to 2027
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