Total Station Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

Posted by edwardzmusso on January 27th, 2022

The total station market is estimated to reach USD 2.2 billion by 2027, registering a CAGR of 6.1% from 2022 to 2027.Total stations are used in various applications, such as construction, transportation, utilities, mining, agriculture, and oil and gas. Multiple activities in the construction industry, such as planning process, monitoring of individual machine performance, and managing onsite communications, require surveying technologies and efficient systems to share and use the information at the construction site. Before starting a project, surveyors collect information about the existing infrastructure through aerial images, ground surveys, and cadastral data. This information is fed into a database, along with environmental and other background data. The total station is a fast and efficient tool to measure, record, and detailed document information about the transportation network of roads, tunnels, and railways. It is also used for crash and crime scene reconstruction and investigations to collect and document forensic evidence from the scene. The use of total stations in forensic investigation application is growing worldwide.

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The total station market based on offering has been segmented into hardware and services. Hardware is the complete product, i.e., total station, whereas maintenance, repair, and on-site training are the services provided by the manufacturers or suppliers of total stations to end users. The scope of the hardware segment of the total station market includes two types of total stations, namely, manual total stations and robotic total stations. Various players, such as Hexagon AB, Trimble Inc., and Topcon Corporation, offer both types of total stations that exhibit different technical specifications. Manufacturers and suppliers of total stations provide numerous services to end users and geomatics service providers. Training, servicing, maintenance, repair, upgradation, and calibration are the major services provided to end users. The suppliers also offer rental services for their instruments. Lack of technical know-how regarding the use of total stations can lead to errors and high time consumption in re-checking and re-plotting the positions. Thus, to save time and effort, on-site training related to manual and robotic total stations is provided by suppliers, which helps end users to use total stations at ease and achieve fast results. For instance, Topcon Corporation has a dedicated section on its website for its premium support solutions. The company provides direct access to comprehensive training, upgrades, and learning solutions for its customers through this section.

Total stations are of two types, i.e., manual and robotic total stations.Robotic total stations are high in demand due to their high accuracy and advanced features. With the emergence of innovative technologies, the total stations provided by various companies are being updated. For instance, innovations such as 3D imaging, 3D scanning, and remote sensing have been introduced in the features of total stations. Robotic total stations are preferred mainly by surveyors nowadays to measure/survey land at large sites and for commercial and non-commercial construction projects. They are used in the construction of tunnels, railways, bridges, dams, and other large projects. Their use enhances accuracy and improves performance in construction and surveying projects.

The total station market based on region has been segmented into North America, Europe, APAC, and Rest of the World (RoW). APAC is expected to be the fastest-growing regional market for total stations.In this region, China, India, Japan, Australia, and South Korea are the major contributors to the growth of the total station market. In these countries, geospatial technologies are being utilized for construction, mining, agricultural activities, and rural development over the past decade.The region exhibits the highest growth opportunities for the total station market for construction application. North America and Europe are witnessing an increase in the reconstruction of highways, bridges, and commercial buildings, whereas the regions considered in the scope of RoW are witnessing a growth in smart city development plans. These factors are expected to fuel the demand for total stations in the respective regions.

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edwardzmusso
Joined: February 8th, 2021
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