Global Total Station Theodolites Market is Estimated to Reach $1320 million by 2024, Says Accurize Market Research

   

Global Total Station Theodolites Market is Estimated to Reach $1320 million by 2024, Says Accurize Market Research

Global Total Station Theodolites Market report published by Accurize Market Research forecast that the global market is expected to reach $1320 million by 2024; growing at a CAGR of 4.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

Demand for precise and fast measurement in rail application to drive the global market

Some of the major factors that are driving the growth of global total station theodolites market are necessity for efficient construction plan and 3d modeling in plotting technology. In addition, demand for precise and fast measurement in rail application is also supporting the growth of the market. However, an environmental condition affecting the measurement may hamper the market growth. Moreover, improvement in accuracy and upgrading performance, and integration of terrestrial laser scanners would unfold attractive business opportunities.

Market Segmentation

The major segments considered in the global total station theodolites market are type, application and geography. Type segment comprises classical total station, motorized total station, reflectorless total station, and robotic total station. Furthermore, application is classified into transportation, utilities, construction, oil & gas, mining, agriculture and other applications.

North America, Europe, Asia-Pacific and rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada and Mexico. Europe covers countries like Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa and Middle East.

Top players in the market

Major companies operating in the market include TOPCON CORPORATION, HEXAGON, Trimble Inc., Suzhou FOIF Co., Ltd., Stonex, South Surveying & Mapping Instrument CO., LTD., Robert Bosch GmbH, Bofei Instrument Co., Changzhou Dadi Surveying Science & Technology Co., Ltd, Guangdong Kolida Instrument Co., Ltd., among others.

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