Total Station Market Anticipated to Achieve High CAGR Percentages by 2026

Posted by Arslan on June 18th, 2019

In order to dissert the market scenario prevailing across the total station market sector, FactMR has evenly presented a comprehensive total station market trends analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the total station market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

A total station is an optical/electronic instrument is being used for mapping and surveying and for construction activities. Total station performs various functions including distance measurement, angle measurement, coordinate measurement, and data processing. Total station is gaining popularity across various sectors such as meteorology, construction, mining, agriculture, etc. Total stations are available in two forms one is manual total station and another is a robotic total station. With advancement in technology, the use of robotic total station is also rising. Manufacturers are also developing robotic total station with unique features, making it easy for users to operate it and get the correct data. Total station is also being used in geotechnical monitoring which includes building a structure like tunnels below the ground, and to provide a solid foundation above the ground. Measuring the coordinates of vertical and horizontal alignment, total stations are also extensively used in transportation application. Today, most of the total stations are equipped with GPS, hence it relies on satellite signals.

However, the poor signal due to various environmental conditions can affect the measurements taken by total station. This also makes it non-functional in the areas with dense forest. Manufacturers are also integrating total station with software applications to help the user control total station, eliminating the need for on-board controllers. According to the report compiled by FactMR, the global market for total station is likely to experience moderate growth. The market is also estimated to bring in US$ 1,101.6 million revenue by 2026 end. Offering accuracy and improving performance in the surveying and construction projects, the demand for total station is increasing. Moreover, manufacturers are also providing advanced total stations that can provide flexibility and help to collect accurate data. On-site training is also being provided to the user by manufacturers with the help of distributors and suppliers to enhance user’s knowledge about the product.

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The robotic total station is likely to emerge as one of the top-selling products during 2017-2026. Robotic total station is estimated to create an incremental opportunity of more than US$ 200 million between 2017 and 2026. Meanwhile, manual total station is also likely to account for nearly one-third of the revenue share by 2017 end.

The construction sector is likely to account for nearly three-fourth of the revenue share by 2017 end. Towards 2026 end, construction sector is estimated to bring in nearly US$ 800 million revenue. Although, mining sector is likely to emerge as the second largest user of the total station. Asia Pacific Excluding Japan (APEJ) is likely to remain dominant in the global market for total station during 2017-2026. Smart cities development in countries such as China and India is driving the growth of total station in APEJ. Moreover, use of advanced technologies in surveying and mapping is also one of the factors fueling the growth of total station in the region. Meanwhile, Europe and North America are also likely to witness growth during 2017-2026.