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2022
Geodetic Measuring Devices Market

Geodetic Measuring Devices Market by Product Type (Total stations, Levels, InSAR, and Others), and End-user Industry (Infrastructure, Mechanical Engineering, Construction, Geology, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jul 2022 | 135 Views
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COVID-19

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The global geodetic measuring devices market is experiencing significant growth and is expected to grow considerably in the next few years. Geodetic measuring device is a mechanical, optical, and radio-electronic apparatus that is used for the measurement of the lengths, angles, and elevations of a large area, thereby performing its survey. In addition, geospatial survey uses different techniques which require different types of geodetic measuring devices such as total stations, levels, and InSAR. A total station is used for goniometric measurements along with measuring lengths, while the levels are used for setting horizontal levels. On the contrary, Interferometric Synthetic Aperture Radar (InSAR) devices are advanced and use modern techniques, they map the ground by using images from orbiting satellites. Geodetic measuring devices are extensively used in industries such as infrastructure, construction, and mining.

Moreover, geodetic measuring devices are very common in geological surveying institutes. Furthermore, leading players in the geodetic measuring devices market offer a variety of product sizes and use innovative technologies to improve the efficiency and accuracy of their products in order to stay competitive.
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Market Scope and Structure Analysis

Description

Geodetic measuring devices are used for measuring geospatial points in one, two, or three dimensions. These devices determine the precise and exact position of these points on the earth's surface while taking into account the shape, size, and curvature of the earth. This is done with the help of three major types of geodetic devices known as total stations, levels, and global navigation satellite system receivers.

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

 Forecast Unit

  Value (USD)

  Segments Covered

 Product Type, End-user Industry, and Region

  Companies Covered

Geotechnical Instrumentation, RST Instruments, Roctest Instruments, Sherborne Sensors, Geosense Ltd, Keller Group plc, Geokon, Incorporated, Durham Geo-Enterprises, Nova Metrix LLC, Geocomp Corporation, Sisgeo Srl, COWI A/S, Measurand Inc., Marmota Engineering AG, and Canary Systems, Inc.,

 

COVID-19 Impact Analysis

  • The COVID-19 pandemic ceased the production of various products in the geodetic measuring devices industry, which is attributed to the global lockdown. This has hampered the growth of geodetic measuring devices market in the years 2020 and 2021, and a similar trend is expected to be seen in the first half of 2022.
  • The major demand for geodetic measuring devices was previously noticed from giant developed and developing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for geodetic measuring devices.
  • Further, long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Geodetic measuring devices manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis
  • Geodetic measuring devices manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

Increase in private-public partnerships (PPPs) to promote infrastructural development is one of the important driving factors for the geodetic measuring devices market. PPPs have been implemented in various countries, such as South Korea and India. The boost in PPPs and surged investments through private channels can assist in boosting the infrastructure industry, thereby driving the demand and growth of the geodetic measuring devices market. Moreover, the increasing urbanization owing to the increasing disposable income of the public in general is causing a rise in the construction industry. This is estimated to boost the geodetic measuring devices market. However, the dearth of skilled professionals for efficient operation of geodetic measuring devices is one of the restraining factors hindering the growth of the geodetic measuring devices market. In contrast, technological advancements in geodetic measuring device products such as automatic operation, artificial intelligence (AI), cutting-edge sensors, and others can not only increase equipment efficiency but also result in higher accuracy of geodetic measuring devices. This is anticipated to create lucrative opportunities for the growth of the geodetic measuring devices market during the forecast period.

Market Trends

  • New products that contain improved capabilities are launched by leading market players. They take the necessary steps to improve the functionality of products. For instance, in January 2021, Sherborne Sensors, a geotechnical specialist company, launched the "WTS Wireless Tilt System," an all-weather radio telemetry system made to provide high-accuracy remote angle measurement data.
  • Similarly, competitors in the geodetic measuring devices market adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in July 2021, Keller Group plc. the world's largest geotechnical specialist contractor, acquired RECON Services, Inc., a US-based geotechnical and industrial services company. This acquisition will help Keller complement its offerings and expand into new markets.
  • Moreover, business expansion strategies also assist in enhancing the geographic footprint of the company and help in gaining significant market share for geodetic measuring device products. For instance, in 2019, GeoSense, a Greece-based trading company of geospatial products, moved to a new facility at Terma Proektasis Maiandrou Str., Oraiokastro, and Thessaloniki, Greece.

Key Benefits of the Report

  • This study presents the analytical depiction of the geodetic measuring devices industry along with the current trends and future estimations to determine the future investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the geodetic measuring devices market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the geodetic measuring devices market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed geodetic measuring devices market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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