Survey Equipment Market Projected to Reach $6.4 Billion by 2020

The report Survey Equipment Market by Type (Positioning, Acoustic, Non-Acoustic, Oceanography, Total Station, GNSS/GPS), Application (Bathymetry, Seabed Mapping, Harbor Management, Dredging, Oil & Gas, Cable Route, Charting, Construction, Railroad, 3d Mapping, Archaeology) & Geography - Global Forecast to 2020”, published by marketsandmarkets, this report studies the global survey equipment market over the forecast period from 2014 to 2020. The market is expected to reach $6.4 billion by 2020, at CAGR of 6.49% from 2014 to 2020.

Browse 133 market data tables and 118 figures spread through 248 pages and in-depth TOC on “Survey Equipment Market”.

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The global survey equipment market is classified into two major segments: land survey and hydro survey. The land survey market is further categorized into product types such as levels, lasers, theodolite, total stations, GNSS/GPS systems, scanners, distance measuring, detection & safety, land survey software, and small UAV, along with applications such as construction & civil, rail & infrastructure, oil & gas, heritage & archaeology, utilities, and 3D mapping. Analyzes and studies the major market drivers, restraints, opportunities, and challenges  in North America, Europe, Asia-Pacific, Latin America, and the Middle East  & Africa.

Likewise, the hydro survey equipment market comprises product types such as positioning systems, acoustic underwater systems, non-acoustic marine geophysical systems, oceanographic system & samplers, and others, along with applications such as hydrographic/bathymetric survey, seabed feature mapping, port & harbor management, dredge operations, offshore oil & gas survey, cable/pipeline route survey, and charting. The hydro-survey equipment market also takes into consideration the ROV (remotely operated vehicle) and AUV (autonomous underwater vehicle) market used for hydro-surveys.

A number of factors such as boost in maritime commerce, rapid growth in infrastructure and construction industry, and exploration of oil & gas reserves drive the global survey equipment market. On the other hand, factors such as international regulations and high costs associated with carrying out hydrographic surveys are restricting the growth of this market. However, increasing investments in emerging economies such as India and China offer new growth opportunities for the market players.

As of 2014, North America is estimated to hold the largest share of the land survey equipment market, followed by Europe. However, the Asia-Pacific market too is expected to grow at a high CAGR of 7.33% from 2014 to 2020 owing to a rise in the infrastructure and construction industry. On the other hand, Europe’s hydro survey equipment market is estimated to capture the largest share of the global hydro survey equipment market by the end of 2014, followed by North America. A number of factors including rising offshore oil & gas surveys, ocean mapping, and port & harbor management are expected to accelerate the hydro survey equipment market in Europe.

Hexagon AB. (Sweden), Trimble Navigation Ltd. (U.S.), FARO Technologies Inc. (U.S.), Topcon Corporation (Japan), Kongsberg Gruppen ASA (Norway), Teledyne Technologies, Inc. (U.S.), Thales Group (France), and Raytheon Company (U.S.) are the major players in the global survey equipment market.

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