The robotic total stations market size is expected to see strong growth in the next few years. It will grow to $1.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for real-time data collection and analysis, the widening scope of applications in environmental monitoring and management, the adoption of robotic total stations in sectors such as mining, agriculture, and forestry, a heightened focus on sustainable and green construction practices, the continuous expansion of the global construction market, and regulatory support and compliance with standards in surveying processes.
The increasing adoption of precision farming is poised to drive growth in the robotic total stations market. Precision farming utilizes advanced technologies such as GPS, sensors, and drones to optimize agricultural practices with precision and efficiency. This adoption is fueled by factors such as the growing number of farmers, cost savings, and enhanced efficiency and productivity. Robotic total stations play a crucial role in precision farming due to their high-precision measurement capabilities and automation features, making them indispensable tools across various agricultural applications. For example, in August 2023, reports from the United States Department of Agriculture indicated a notable rise in precision technology usage, reaching 27% nationally in 2023, up from 2 percentage points compared to 2021. Additionally, internet access among farms increased to 85%, with 32% utilizing online platforms for agricultural input purchases, marking a 3-point increase from 2021. Based on responses from around 14,000 agricultural operations, this data underscores the driving force behind the robotic total stations market's growth.
Key players in the robotic total stations market are directing their efforts towards developing technologically advanced solutions to enhance efficiency and accuracy across various applications. Ultra-powerful ultrasonic technology represents one such advancement, integrating advanced ultrasonic sensors with exceptional sensitivity, range, and accuracy to elevate the performance and capabilities of robotic total stations used in surveying, construction, and engineering. For instance, in February 2021, Sokkia Co. Ltd. introduced the iX-1200 and iX-600 models, professional-grade robotic total stations designed for surveying and layout tasks in building construction and infrastructure industries. These models feature ultra-powerful ultrasonic technology, compact designs, high-speed advanced ultrasonic motors, and seamless software integration, streamlining surveying processes while enhancing productivity, accuracy, and quality control.
In December 2023, Benchmark Tool and Supply Inc. completed the acquisition of TigerSupplies.com, a move aimed at bolstering its market presence and expanding its product offerings in construction technology solutions. Through this acquisition, Benchmark intends to better serve the construction industry by providing a wider range of goods, enhanced services, and access to cutting-edge technologies. TigerSupplies.com, a US-based provider of robotic total stations as part of their surveying equipment offerings, aligns well with Benchmark's strategic objectives and strengthens its position in the robotic total stations market.
Major companies operating in the robotic total stations market are STONEX Srl, Delta Electronics Inc, Hexagon AB, Nikon Corporation, Trimble Inc., Amazon Robotics, Topcon Corporation, Symbotic, Bastian Solutions India Pvt. Ltd., Hilti Corporation, Kinova Inc., Vecna Robotics Inc., Carlson Software, GPS Lands Singapore Pte Ltd., Maple International Instrument Inc., Pentax Surveying, Changzhou Dadi Surveying Science & Technology Co. Ltd., Kolida Instrument Co. Ltd., Sokkia Co. Ltd, Suzhou FOIF Co. Ltd., Beijing BoFei Instrument Co. Ltd., CST/Berger Corporation, South Group, Toshiba Robotics.
Asia-Pacific was the largest region in the robotic total stations market in 2023. LAMEA is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic total stations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the robotic total stations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A robotic total station (RTS) is an advanced surveying instrument employed in construction, civil engineering, and land surveying to measure distances, angles, and coordinates with exceptional precision. This device integrates the capabilities of a conventional total station with robotic technology, enabling remote operation and heightened efficiency in field operations.
The primary types of robotic total stations are categorized based on their accuracy levels such as 0.5'' to 1'' accuracy and 2'' and others. The accuracy range of 0.5'' to 1'' denotes the precision of these instruments when measuring distances and angles. They find application across various sectors including surveying, engineering, construction, and excavation, serving end users such as construction firms, utilities companies, mining operations, and others.
The robotic total stations market research report is one of a series of new reports that provides robotic total stations market statistics, including robotic total stations industry global market size, regional shares, competitors with a robotic total stations market share, detailed robotic total stations market segments, market trends and opportunities, and any further data you may need to thrive in the robotic total stations industry. This robotic total stations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The robotic total stations market consists of sales of products such as multi-station total stations, monitoring total stations, robotic control systems, angle measurement systems, telescopes, and high-precision total stations. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Robotic Total Stations Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on robotic total stations market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for robotic total stations? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The robotic total stations market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: 0.5''- 1'' Accuracy; 2''- Others Accuracy2) by Application: Surveying; Engineering and Construction; Excavation
3) by End User: Construction; Utilities; Mining; Other End User
Key Companies Mentioned: STONEX Srl; Delta Electronics Inc; Hexagon AB; Nikon Corporation; Trimble Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- STONEX Srl
- Delta Electronics Inc
- Hexagon AB
- Nikon Corporation
- Trimble Inc
- Amazon Robotics
- Topcon Corporation
- Symbotic
- Bastian Solutions India Pvt. Ltd
- Hilti Corporation
- Kinova Inc
- Vecna Robotics Inc
- Carlson Software
- GPS Lands Singapore Pte Ltd
- Maple International Instrument Inc
- Pentax Surveying
- Changzhou Dadi Surveying Science & Technology Co. Ltd
- Kolida Instrument Co. Ltd
- Sokkia Co. Ltd
- Suzhou FOIF Co. Ltd
- Beijing BoFei Instrument Co. Ltd
- CST/Berger Corporation
- South Group
- Toshiba Robotics
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.1 Billion |
Forecasted Market Value ( USD | $ 1.39 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |