Total Station Market Is Expected To Garner USD 2.53 Billion by the End of 2020 By Registering A CAGR of 6.53%

Global Total Station Market
By Type (Robotic, Manual), Component (Software, Hardware), Application (Oil & Gas, Mining, Agriculture, Construction, Transportation, Utilities), and Regional Market Size, Status and Forecast to 2025

Market Overview:
The Global Total Station Market was valued at USD 1.43 billion in 2016 and is projected to reach USD 2.53 billion by 2025, growing at a CAGR of 6.53% from 2017 to 2025.

A total station is an electronic or optical instrument used for surveying and building construction. The instrument is used to measure sloping distance of object to the instrument, horizontal angles and vertical angles. Key advantages of this system includes – quick setting of the instrument, local language support, full GIS creation, automation of old maps, greater accuracy, integration of data base and high scalability.

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Market Dynamics:
1. Market Drivers
1.1 Enhancement in accuracy and improvement in performance
1.2 Integration of terrestrial laser scanners
1.3 Rising demand for fast and precise measurement in rail application
1.4 Increasing need for modernized construction plan
1.5 Usage of 3D modelling in surveying technology
2. Market Restraints
2.1 Lack of knowledge on latest instruments
2.2 High cost associated with the device
2.3 Environmental conditions affecting the measurement

Market Segmentation:
The Global Total Station Market is segmented on the type, component, application, and region.

1. Type:
1.1 Robotic
1.2 Manual

2. By Component:
2.1 Software
2.2 Hardware

3. By Application:
3.1 Oil & Gas
3.2 Mining
3.3 Agriculture
3.4 Construction
3.5 Transportation
3.6 Utilities
3.7 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Topcon Corporation
2. Stonex
3. Hi-Target Surveying Instrument Co., Ltd
4. Changzhou Dadi Surveying Science & Technology Co., Ltd.
5. Hexagon AB.
6. Trimble Inc.
7. Suzhou FOIF Co. Ltd.
8. South Surveying & Mapping Instruments Co. Ltd.
9. CST/Berger
10. Guangdong Kolida Instrument Co., Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Total Station Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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