At 11.67% CAGR, Theodolite Market Size to Reach USD 33 Bn

2022-10-26 09:38:29 By : Mr. David Hu

August 19, 2022 05:35 ET | Source: Adroit Market Research Adroit Market Research

Dallas, Texas, Aug. 19, 2022 (GLOBE NEWSWIRE) -- The global Theodolite market is expected to reach close to USD 33 Bn by 2029 with an annualized growth rate of 11.67% during the forecast period 2022-2029.

Today, all the nations are racing toward the phenomenon of industrialized economies and there have been significant advances and transformations.            Among all the advancements, construction industry has been the most beneficial industry for any economy. Some construction manufacturers are using top-of-the line tools for efficient development of construction sites. Total station is one of the most significant tools used in the construction industry.

Owing to benefits such as maximal convenience of work of the user, high-efficiency,  accurate pointing of targets, theodolite is experiencing rapid adoption as opposed to traditional measuring instruments such as compass, thus fostering remarkable progress of global theodolite market.

A Total Station is a modern electronic/optical theodolite equipment used for surveying and building construction. Theodolite surveying is the most accurate surveying instrument. Its main purpose is to measure horizontal and vertical angles, locate points on a line, survey lines, find difference of level, set out grades, map curves, and tacheometric survey.

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The rising demand of theodolite for number of applications such as archaeological excavation, crime scene investigation, private accident reconstruction and insurance companies to take measurements of scenes is driving the global theodolite market. Theodolite’s use in all types of surveying such as Hydrographic, GIS, geodesy, cadastral and project and construction surveys is also boosting its market growth.

Despite the growing use of theodolite in the aforementioned purposes, in surveying and construction, the traditional methods of measurement are still being used. This is limiting the demand of theodolite to only advanced economies. Also, there are many economies where there are minimal developments in the construction industry and surveying fields hampering the global theodolite market.

The global theodolite market is classified into Micrometer Theodolites, Vernier Theodolites, Non Transit Theodolite, and Transit Theodolite on the basis of type. Among these, the Micrometer Theodolites have witnessed exceptional market demand and R&D investment in the segment. The developing construction industry and building manufacturers using modern equipment for achieving greater accuracy is the key factors that has led to demand boost in the global theodolite market. Also, applications such as archaeological excavation, crime scene investigation, private accident reconstruction and insurance companies to take measurements of scene is driving the demand of Micrometer Theodolites in global Theodolite market.

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The key players in global theodolite market are Beijing Bofei Instrument, Changzhou Dadi Surveying Science & Technology, EIE Instruments, Hexagon, Hilti, Horizon, Robert Bosch, South Surveying & Mapping Technology, Topcon, and Trimble among others. Theodolites manufactured by these companies are performing exceptionally well and in great demand across the world thus leading the global theodolite market. They provide best measuring solutions. Construction surveying equipment of these companies have seen exceptional growth due to significant launches in its sub-category and advancements in existing products.

These are leading companies around the world manufacturing theodolite. These companies deliver premier measuring solutions that enable to perform every task accurately and efficiently. Products of these companies are both practical and reliable and comply with standards required. Thus different industries across the world prefer theodolite of these top manufacturers making the stand ahead of global theodolite market.

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Major Points from Table of Contents: 1.     Introduction 2.     Research Methodology 3.     Market Outlook 4.    Theodolite Market by Type, 2018-2028 (USD million) 5.    Theodolite Market by Application, 2018-2028 (USD million) 6.    Theodolite Market by Region 2018-2028 (USD million) 7.    Competitive Landscape 8.    Company Profiles 9.    Appendix

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