Geodetic Measuring Devices Market (2023 to 2029) – Growth, Trends, Opportunities and Forecast

Geodetic Measuring Devices Market was valued at US$ 26.77 Bn. in 2022. The Global Market size is estimated to grow at a CAGR of 8.2% over the forecast period.
Geodetic Measuring Devices Market Overview:
The report explores the market's segments (Type, Application, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Market Dynamics:
The Geodetic Measuring Devices are used to measure displacements or movements in one, two, or three dimensions. It includes the usage of instruments such as a theodolite, measuring tape, total Station, 3D scanners, and GPS/GNSS. The increasing demand for rising construction, surveying services, and technological advancements are the major factor driving the growth of the geodetic measuring device. The measurement of dam displacements has benefited from a great improvement in existing technology, which has allowed a higher degree of automation. Robotic total stations and GNSS (Global Navigation Satellite System) are the techniques that provide efficient solutions for measuring 3D displacement at a precise location on the outer surfaces of dams. These are the factors driving the growth of the market.

New technologies and changing demands are driving a paradigm shift in modern surveying. Rapid technological development extends beyond measurement to include computing, communications, and geospatial data mapping. GNSS device is often designed for tourism and navigation purposes. The number of GIS mobile applications has increased rapidly in recent years. The device also helps in contact tracing as well as medical, cell phone GPS records, credit card transaction records, etc.

COVID-19 Impact:

The COVID-19 crisis stands to be the most abrupt shock to the global economy in modern times. Trade is expected to fall by between 13% and 32% in 2020. Due to the lockdown implemented by the government, there is a decline in exports which results in large-scale disruptions in supply chains and demand, resulting in the cancellation of orders. During the pandemic, the most obvious use of the geodetic device is to provide visualizations of the spread of the disease by using precise instruments. Print media & television make use of this to collect data and have made use of data in innovative ways. It has helped the community at large with location intelligence, GIS and mapping software, services, and materials for monitoring, preparing for, and responding to the impact of the outbreak.
Geodetic Measuring Devices Market Segment Analysis:
Based on Type, The Market is segmented into Total stations, Levels, Global Navigation Satellite System Receivers, and Others. Total Station holds the largest segment in the market and is expected to remain the same during the forecast period. It is also known as theodolite used for surveying and building construction and to measure angles and distance. The increasing construction industry is expected to drive the market during the forecast period.Based on Application, The Market is segmented into Civil Engineering, Mechanical Engineering, Construction, and Geology. The construction segment holds the largest share in the market and will remain the same during the forecast year. It is used in construction to determine the correct placement of foundations buildings, roads, and others.
Regional Insights:
The North American region held the largest market share in 2022 because the rise in the use of GNSS applications and the growing number of construction projects will drive the growth of the market in this region. In addition, the growing adoption of GNSS receivers in surveying and mapping applications is expected to contribute to market growth in the region.

The Asia Pacific region is expected to witness significant growth through the forecast period. Because of the wide range of applications in civil engineering. The devices are used for surveying, mapping, and measuring distance; these are the major factor that will drive the growth of the market.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the  Market dynamic and structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Geodetic Measuring Devices Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 26.77 Bn.


Forecast Period 2023 to 2029 CAGR:
8.2%
Market Size in 2029:
US $ 46.47 Bn.


 Segments Covered:
by Type
Total stations
Levels
Global Navigation Satellite System Receivers
Others


by Application
Civil Engineering
Mechanical Engineering
Construction
Geology
Others



Geodetic Measuring Devices Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Geodetic Measuring Devices Market Key Players are:
1. Geotechnical Instrumentation
2. RST Instruments
3. Roctest
4. Sherborne Sensors
5. GaiaComm
6. Geosense
7. 3D Laser Mapping
8. Fugro N.V
9. Keller Group
10.Geokon Incorporated
11.Durham Geo Slope Indicator
12.Nova Metrix
13.Geocomp Corporation
14.Sisgeo, COWI A/S
15.Measurand,
16.Marmota Engineering
17.Canary Systems
18.Soldata

Frequently Asked Questions:

1] What segments are covered in the Global Geodetic Measuring Devices Market report?
Ans. The segments covered in the Geodetic Measuring Devices Market report are based on Type, Application, and geography.

2] Which region is expected to hold the highest share in the Global Geodetic Measuring Devices Market?
Ans. The North American region is expected to hold the highest share in the Geodetic Measuring Devices Market.

3] What is the market size of the Global Geodetic Measuring Devices Market by 2029?
Ans. The market size of the Geodetic Measuring Devices Market by 2029 is expected to reach US$ 46.47 Bn.

4] What is the forecast period for the Global Geodetic Measuring Devices Market?
Ans. The forecast period for the Geodetic Measuring Devices Market is 2023-2029.

5] What was the market size of the Global Geodetic Measuring Devices Market in 2022?
Ans. The market size of the Geodetic Measuring Devices Market in 2022 was valued at US$ 26.77 Bn.