The global total stations market is projected to grow at a CAGR of 7% during the forecast period from 2017 to 2023. Market Research Future has made this among other predictions in its new report on the global total stations market. Based on the predicted growth trajectory, the global total stations market is expected to achieve a market value of USD 2.15 Bn by the end of 2023. A total station is an electrical or optical instrument which is used in surveying and construction projects. Used to measure sloping distances, and various angles, total stations contain microprocessors which enable them to compute collected data to arrive at various calculations.The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Regional Analysis
The global analysis of Covid 19 Total Stations Market is broken down into regions which include Europe, North America, Asia Pacific and the Rest of the World. The Asia Pacific holds the largest market share among all regions due to the presence of several market-leading players in the region as well as the increasing investments in the construction and engineering sectors of rapidly emerging economies such as Taiwan, China, and India. Moreover, these countries have deployed various initiatives for the development of smart cities which is also fuelling market growth for the region. North America is another significant re3gional market which is expected to witness continued growth over the forecast period. The growing transportation and construction sectors in the U.S, Canada, and Mexico are projected to play a key role in the expansion of the market. Many key players present in the U.S are actively involved in innovation and investments with regards to R&D activities in order to produce a product portfolio which is more cost effective.
Key Players
Some key innovators and contributors to the growth of the market are Suzhou FOIF Co. (China), Advanced Surveying Instruments India Pvt. Ltd. (India), Hi-Target Surveying Instrument Co. (China), Guangdong Kolida Instrument Co. (China), Topcon Corporation (Japan), Kara Company (U.S.), Axis- GPS and Surveying Instruments (Israel), Kwipped (U.S.), Maple International Instrument (US), North Group (Spain), Trimble (U.S.), Celtic Surveys (Ireland), Changzhou Dadi Surveying Science & Technology Co. (China), Maple International Instruments Inc. (U.S.), Ti Asahi Co. Ltd (Japan), Hexagon (Sweden), Survey Instruments Services (Singapore), GENEQ Inc.(Canada), Leica Geosystems (Switzerland) and others.
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