Surveying Solutions Market Analysis and Forecast Study for 2025

Posted by mahendra lunkad on February 18th, 2018

Surveying solutions plays important role in construction, transportation and communications industries. In construction, transportation and communications industries surveying engineers need more accurate measurement tool to develop and install their plant on a particular location. They majorly work on mission-critical projects, one incorrect measurement would cost millions of dollars. Therefore they use advanced surveying solutions for their mission critical projects.

Surveying solutions are used to determine the geographical positions of the different points present on the earth surfaces. Surveying is the science, technique, profession used to determine the three-dimensional or terrestrial position of points and also the distances between different geographical points and angles between them is also readily determined by the surveyor using the surveying solutions. Surveyors use the different software and surveying equipment to get the accurate data from the necessary geographies mainly in civil operations.

In construction operations, surveying solution are used for planning and execution of total development operation. The rapid growth in the civil industry in past decade is increasing the need for deploying the surveying solutions by developers and surveyors. The surveying solutions also help surveyors to get efficient & effective measurements and end results. The integration of software with the hardware in surveying solutions has also added the additional benefits for the end user industries to perform automated surveying operations.

Surveying Solutions Market: Drivers and Restraints

The major factor in driving the global market growth for surveying solutions is increasing population and rising disposable income. The rapid technological developments and increasing awareness about process automation have led to increasing the demand for the deployment of surveying solutions throughout various industry verticals. The rising demand for oil & gas, mining elements, and constructions is fuelling the demand for surveying solutions.   Also, the end users demand surveying solutions to improvise operation methods, and efficient resource utilization is increasing the deployment of surveying software. On the other hand, higher cost of equipment and lack of awareness about the surveying solution is factor restraining the growth of global surveying solution market.

The global market for surveying solutions is divided regionally into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. Among these regions the surveying solutions demand in APEJ and Japan is expected to grow at highest CAGR owing to the rapid industrialisation in countries like India, china, and Australia. North America dominates the global market of surveying solutions in terms of revenue followed by Europe. The demand of surveying solutions in North America is less for agriculture and geospatial but higher for transportation businesses. On the other hand, MEA region is predicted to show stagnant growth rate.

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Surveying Solutions Market: Competition Landscape

The leading companies providing surveying solutions includes Total Surveying Solutions, Trimble Inc., Surveying Instrument Solutions, Furgo, Bentley systems, Incorporated, Kongsberg Maritime, and Raytheon, etc. These industries continuously focuses on developing new surveying solutions to sustain their global market positions. In May 2016, Trimble Inc. launched 3D laser scanner and software-enabled GNSS technologies. In this GNSS technology, Europe’s Galileo and China’s BeiDou Global Navigation Satellite System (GNSS) benefits were offered to users by independently providing additional satellites, satellite ranging signals, and interoperability with civilian GNSS.