USD 1.2 billion
Robotic Total Station Market Size, Share, Growth Analysis, By Type(0.5'' Accuracy, 1'' Accuracy, 2'' and Other Accuracy), By Application(Surveying, Engineering and Construction, Excavation, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20C2091 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
64
|Figures:
70
Robotic Total Station Market Insights
Global Robotic Total Station Market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.27 billion in 2023 to USD 1.96 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).
Robotic total station is a type of surveying equipment that is more accurate and faster than other manual surveying equipment. Increasing penetration of technology in different aspects of the construction industry is projected to bolster the adoption of robotic total stations. Rising awareness regarding the benefits associated with robotic total stations is also slated to bolster robotic total station market growth over the coming years. Robotic total stations can be controlled remotely, which also resolves the issue associated with the dearth of skilled professionals to operate the surveying equipment. Growing demand for geographic and topographic surveys around the world from archeologists and civil engineers is also forecasted to benefit the demand for robotic total stations across the forecast period.
Growing adoption of advanced and more digitally precise construction equipment is also estimated to uplift the sales of robotic total stations over the coming years. The Asia Pacific region is projected to create highly attractive new business opportunities owing to rapidly increasing urbanization and industrialization resulting in growing infrastructure development activity.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Surveying
Fastest Growth
Excavation
Growth Rate
5.6% CAGR
Global Robotic Total Station Market ($ Bn)
Country Share for North America Region (%)
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Robotic Total Station Market Segmental Analysis
The global robotic total station market is segmented based on type, application, and region. In terms of type, the market is segmented into 0.5' accuracy, 1' accuracy, 2' and other accuracy. Based on application, the market is divided into surveying, engineering and construction, excavation, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Application
Most robotic total stations are projected to be used for surveying applications. Robotic total stations need not be specially set up for surveying, they just must be placed on the site, and they pretty much do the work themselves with minimal errors and high accuracy. Civil engineers around the world are increasingly using robotic total stations for surveying for their ease of use, accessibility, and remote control, which allows this segment to account for a dominant market share. Growing constriction activity around the world is slated to strengthen the stance of this segment as a dominant one going forward.
Meanwhile, the demand for robotic total stations for excavation applications is slated to soar high across the forecast period. The increasing interest of archeologists in exploring mankind's history has resulted in more archeological excavations around the world. The high preference of modern archeologists to use advanced technologies to improve the efficiency of their works save time and conserve history is slated to bolster sales of robotic total stations in the long run.
Global Robotic Total Station Market By Application
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Robotic Total Station Market Regional Insights
North America is forecasted to account for the highest number of robotic total station sales across the world. Construction companies in this region have been quick to adopt advanced technologies in their construction practices, which is why the use of robotic total stations is high in this region. High availability of many robotic total stations and the increasing adoption of advanced construction technologies are also slated to benefit market growth in this region. The United States spearheads robotic total station demand in the North American region.
High investments in infrastructure development and the growing adoption of advanced technologies to optimize construction activity are making the Asia Pacific region the fastest-growing regional market for robotic total stations. Rapid industrialization and urbanization are also estimated to favor sales of robotic total stations in this region over the coming years. China and India are estimated to lead the robotic total station market growth in the Asia Pacific region going forward.
Global Robotic Total Station Market By Region
- Largest
- Fastest
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Robotic Total Station Market Dynamics
Drivers
Thriving Construction Industry
- Growing world population has resulted in a high demand for infrastructure development, which in turn is driving up the demand for construction equipment and machinery such as robotic total stations.
- Growing Demand for High-Precision Surveying
Construction companies around the world are focusing on improving their productivity and efficiency by opting for high-precision surveying and layout measuring equipment, which in turn is slated to favor sales of robotic total stations in the long run.
Restraints
Availability of Alternatives
- GPS scanning and LIDAR scanning technologies are emerging in popularity around the world as they are more advanced than robotic total stations, their adoption is projected to increase and hurt the robotic total station market growth in the future.
High Costs of Procurement and Installation
- Getting a robotic total station is an expensive affair and installation of the same is also a quite complex task that requires skilled professionals. These factors are estimated to increase the overall costs of owning a robotic total station and could slow down market development across the forecast period.
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Robotic Total Station Market Competitive Landscape
Robotic total station manufacturers should focus on incorporating advanced technologies and features in their products to stand out from the competition and boost their sales. Companies can also collaborate and partner up with different construction companies to generate a steady stream of income that would allow them to experiment and invest in the development of new products. Market players should also focus on expanding their distribution networks, especially in underdeveloped and developing economies where construction activity is booming at a rapid pace. Robotic total station providers should also try to integrate smart technologies to make their products even more advanced and useful for end users.
Top Player’s Company Profiles
- Trimble
- GPS Lands (Singapore) Pte. Ltd.
- TJOP
- Changzhou Dadi Surveying Science & Technology Co. (China)
- FOIF
- Pentax Surveying
- Dadi
- Guangdong Kolida Instrument Co. (China)
- Topcon
- Hexagon
- CARLSON
- Hilti Corporation
- Sokkia
- STONEX
- CST/berger
Recent Developments
- In May 2023, GeoDirect, a renowned supplier of construction and engineering solutions, announced the launch of a new robotic total station. The new STONEX R180 was launched with an impressive rotation speed of 180° per second.
- In November 2022, Trimble, a leading provider of hardware and software solutions, launched a new robotic total station called Trimble Ri for construction applications.
- In February 2021, Sokkia, a renowned provider of surveying equipment, announced the launch of two new models of robotic total stations. iX-1200 and iX-600 were launched to improve productivity at construction sites for layout and surveying operations.
Robotic Total Station Key Market Trends
- Infrastructure Modernization: The high focus of developed and developing countries on the modernization of their old infrastructure is resulting in the launch of new construction projects around the world. These new modernization projects are also favoring the demand for robotic total stations as they play a crucial role in the proper planning and development of these new projects.
Robotic Total Station Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid urbanization and industrialization backed by the expanding world population are slated to uplift the demand for robotic total stations over the coming years. A high focus on infrastructure development and modernization coupled with increased archeological activity around the world is also slated to favor robotic total station sales in the future. However, the availability of alternative products and technologies is slated to constrain robotic total station market growth to a certain extent across the forecast period. Increasing investments of governments in infrastructure development to back economic growth makes the Asia Pacific region the fastest-growing regional market for robotic total station companies in the world. A rising focus on infrastructure modernization is slated to create attractive opportunities for robotic total station providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.2 billion |
| Market size value in 2031 | USD 1.96 billion |
| Growth Rate | 5.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Robotic Total Station Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Robotic Total Station Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Robotic Total Station Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Robotic Total Station Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Robotic Total Station Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Robotic Total Station Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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