(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 15, 2021, 03:41 /Comserve / -- The total station market is expected to grow at a CAGR of 6.3% between 2017 and 2023 and is expected to be valued at USD 2.04 billion by 2023.
“The total station market is expected to grow at a significant rate between 2017 and 2023”
The total station market is expected to grow at a CAGR of 6.3% between 2017 and 2023 and is expected to be valued at USD 2.04 billion by 2023. Key driving factors for the growth of the this market are the need for modernized construction plan, 3D modelling in surveying technology, and demand for fast and precise rail application. However, the major restraining factors for the growth of this market are the environmental conditions affecting the measurement and high cost associated with the device.
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“Hardware segment to dominate the total station market during the forecast period”
The hardware section of this market includes the types: manual and robotic. It also includes total station integrated with GNSS antenna and without GNSS. Total stations with different specifications are manufactured by the leading players such as Hexagon, Trimble, and Topcon Corporation with different technical specifications. The accuracy and the range of total station are the key points driving its usage. The growing globalization, increasing urbanization, and rising demand for smart infrastructure and construction investments are driving this market.
“The market for robotic total station is expected to grow at the highest CAGR during the forecast period”
Robotic total stations are the most preferred total stations by surveyors to measure/survey land at large scale and for big commercial and noncommercial construction projects. The robotic is preferred over the manual due to the technological modernization in robotic total station. Moreover, the robotic total station reduces the risks related to the manual and measures the data more precisely.
“Transportation application expected to grow at the highest CAGR between 2017 and 2023”
Transportation has created an ever-increasing demand for total stations. It measures the coordinates of horizontal and vertical alignment. It measures the angles and coordinates that help the surveyors to map the natural surface available for the construction of highways, tunnels, and bridges as well as design a model through the CAD software.
“APAC is expected to register the highest growth during the forecast period”
The market in APAC is driven by geospatial technologies that are being utilized for mining, rural, and agricultural development over the last decade. Surveying and mapping technologies are widely used for the same in APAC. In addition, the development of smart cities in China, India, and other countries in Southeast Asia has driven demand for total station in this region.
The break-up of the profiles of primary participants for the report has been given below.
• By Company Type: Tier 1 = 30%, Tier 2 = 25%, and Tier 3 = 45%
• By Designation: C-Level Executives = 58%, Directors = 42%
• By Region: North America = 32%, Europe = 23%, APAC = 30%, and RoW = 15%
Key players operating in this market include Hexagon (Sweden), Trimble (US), Topcon Corporation (Japan), Robert Bosch (Germany), South Surveying & Mapping Instrument Co. (China), Stonex (Italy), TI Asahi Co. (Japan), Geo-Allen Co. (China), geo-Fennel (Germany), and Hilti (US).
The research report on the total station market covers different segments—offerings, type, application, and geography. The market by offering is segmented into hardware and services. The market has been segmented on the basis of type into manual and robotic. The market has been segmented on the basis of application into: construction, transportation, utilities, mining, oil & gas, agriculture, and others (waste management, forestry, marine). The report covers the market in 4 major geographical regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on offerings, type, application, and geography have been conducted to give an overall view of this market.
The value chain analysis provides an in-depth insight into the total station market.
Major drivers, restraints, opportunities, and challenges for the total station market have been detailed in this report.
The report includes a detailed competitive landscape, competitive leadership mapping along with in-depth analysis and revenue of key players.
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