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Surveying Equipment Market size is set to grow by USD 2.72 billion from 2024-2028, Growth in railway sector in APAC boost the market, Technavio

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NEW YORK, June 21, 2024 /PRNewswire/ — The global surveying equipment market size is estimated to grow by USD 2.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.46%  during the forecast period. growth in railway sector in APAC is driving market growth, with a trend towards growth in UAV market. However, uncertain macroeconomic conditions  poses a challenge. Key market players include Aparna Agencies, FARO Technologies Inc., Guangdong Kolida Instrument Co. Ltd., Hexagon AB, Kongsberg Gruppen ASA, Ohmex Ltd., PASI srl, RTX Corp., Robert Bosch GmbH, Seafloor Systems Inc., Shanghai Huace Navigation Technology Ltd., South Surveying and Mapping Instruments Co. Ltd., SURVEY COPTER, Target Corp., Teledyne Technologies Inc., Thales Group, Topcon Positioning Systems Inc., Trimble Inc., Turner Morris, and Valeport Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Surveying Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.46%

Market growth 2024-2028

USD 2726.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.2

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 49%

Key countries

US, China, Germany, UK, and India

Key companies profiled

Aparna Agencies, FARO Technologies Inc., Guangdong Kolida Instrument Co. Ltd., Hexagon AB, Kongsberg Gruppen ASA, Ohmex Ltd., PASI srl, RTX Corp., Robert Bosch GmbH, Seafloor Systems Inc., Shanghai Huace Navigation Technology Ltd., South Surveying and Mapping Instruments Co. Ltd., SURVEY COPTER, Target Corp., Teledyne Technologies Inc., Thales Group, Topcon Positioning Systems Inc., Trimble Inc., Turner Morris, and Valeport Ltd.

Market Driver

The global surveying equipment market is anticipated to grow significantly due to the increasing adoption of unmanned aerial vehicles (UAVs) for civil applications. UAVs offer rapid, cost-effective, and automated geospatial data acquisition in small and medium-sized areas, making them ideal for photography and topographic data generation. They enable surveying of hazardous or difficult-to-reach areas without human intervention. The US and Israel are leading innovators in drone technology, with the US military and Israeli surveillance-strike complexes utilizing UAVs extensively. China is also investing heavily in drone production, providing the Chinese government with a diverse range of options for military framework and counter-terror operations. These factors are expected to fuel market growth during the forecast period. 

The surveying equipment market is experiencing significant growth, with technologies such as Global Positioning Systems (GPS), Total Stations, and Laser Levels becoming increasingly popular. UAVs (drones) are also gaining traction in the industry for aerial surveying and mapping. New technologies like 3D scanning and LiDAR are transforming the way surveys are conducted. Robotic total stations and automatic leveling systems are making surveys more efficient and accurate. The use of software for data processing and analysis is also on the rise. The market is expected to continue growing due to the increasing demand for accurate and efficient surveying solutions. The trend towards automation and integration of various surveying technologies is driving innovation in the industry. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Surveying Equipment Market faces challenges due to economic instability and uncertainty. Moderate to slow growth and volatility in the US and global economies negatively impact the industry. Delayed or canceled construction projects result from factors such as tighter credit, declining income, asset values, and financial news. Additionally, non-residential real estate markets, labor and healthcare costs, access to credit, and other macroeconomic factors influence market demand. Economic growth uncertainty has suppressed Foreign Direct Investments (FDIs) and delayed government subsidies, further hindering market growth during the forecast period.The surveying equipment market faces several challenges in the current technology-driven era. One major challenge is keeping up with the latest advancements in technology. Equipment like drones, GNSS systems, and 3D scanners are increasingly being used in the industry. Additionally, data management and analysis are becoming crucial for effective decision-making. However, the high cost of these advanced technologies and the need for continuous upgrades pose a significant challenge for small and medium-sized businesses. Another challenge is ensuring accuracy and reliability in the data collected, especially in complex and challenging terrains. Proper training and calibration of equipment are essential to address this issue. Furthermore, regulatory compliance and data security are growing concerns that require constant attention.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This surveying equipment market report extensively covers market segmentation by  

Application 1.1 Land application1.2 Hydrographic applicationProduct 2.1 Total stations and theodolites levels2.2 GNSS system2.3 UAV2.4 Pipe lasers2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Land application-  The global surveying equipment market is experiencing significant growth due to increased investments in infrastructure projects in countries like the US, Chile, Brazil, China, India, and emerging Asian economies. The construction output is predicted to increase substantially in these regions, particularly in China and India, driven by smart city initiatives and high-speed rail development. In Europe and North America, high-speed rail projects are also underway, leading to increased demand for surveying equipment. These factors are expected to fuel the growth of the land application segment in the global surveying equipment market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Surveying Equipment Market encompasses a range of advanced technologies, including GPS/GNSS and land survey equipment, that play a crucial role in urbanization and transportation networks. These technologies facilitate the efficient collection of data for renewable energy projects and the industrialization of sectors such as oil & gas. Automation and robotics, including total stations, theodolites, levels, and unmanned aerial vehicles (UAVs or drones), streamline processes and save time. A skilled workforce with technical knowledge is essential for operating and maintaining these sophisticated systems. Software solutions further enhance the capabilities of surveying equipment, enabling precise and accurate data analysis.

Market Research Overview

The Surveying Equipment Market encompasses a range of technologies and instruments used to measure and record geodetic, topographic, and construction data. These tools include total stations, theodolites, GPS receivers, laser levels, and 3D scanners. The market is driven by the increasing demand for accurate and efficient surveying solutions in various industries such as construction, mining, oil and gas, and transportation. Advanced technologies like GNSS (Global Navigation Satellite Systems) and LiDAR (Light Detection and Ranging) are revolutionizing the surveying industry with their high precision and speed. The market is expected to grow significantly due to the increasing adoption of these advanced technologies and the rising need for infrastructure development in emerging economies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationLand ApplicationHydrographic ApplicationProductTotal Stations And Theodolites LevelsGNSS SystemUAVPipe LasersOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Concerns Around Ethical Risks of Generative AI Remain High Amid Increased Adoption: ‘Deloitte State of Ethics and Trust in Technology’ Report

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Over half (54%) of professionals surveyed believe technologies like Generative AI pose the highest ethical risk compared to other emerging technologies

NEW YORK, Sept. 23, 2024 /PRNewswire/ — While widespread use of Generative AI (GenAI) has broadened awareness of its potential benefits, concerns about the risks its misuse poses to businesses and individuals remain top of mind, according to Deloitte’s third annual report on the “State of Ethics and Trust in Technology.” Among the over 1,800 professionals surveyed for 2024’s report, 46% of individuals believe cognitive technologies have the potential to create the most social good when used responsibly, up from 39% in 2023. However, like last year’s report, over half (57% in 2023 and 54% in 2024) of respondents also said that cognitive technologies like AI and GenAI present the most severe ethical risks compared to other emerging technologies, underscoring the sustained need for ethical guidelines to govern its use.

When it comes to the development of ethical guidelines for emerging technologies, just over one-quarter (27%) of respondents report their organizations have distinct ethical standards for GenAI. Report findings suggest organizations where ethical guidelines are absent or underutilized may continue to be exposed to risks and miss opportunities to enhance stakeholder trust and build social, reputational and financial value.

The study, led by Deloitte’s Technology Trust Ethics practice, surveyed over 1,800 business and technical professionals globally to understand how organizations value and implement ethical principles for emerging technologies. The practice interviewed 26 specialists and leaders across industries and within Deloitte to gather insights in support of the survey’s findings.

“The accelerated adoption of GenAI and other emerging technologies demands a collaborative approach among organizations, leaders, and professionals with diverse experiences and perspectives to define and implement appropriate ethical standards,” said Lara Abrash, chair, Deloitte US. “Future generations will look back on the decisions made today. It is important to honor the collective responsibility for those who will inherit the world shaped during this time.” 

Key findings

Safety first: In this year’s survey, 78% of respondents selected “safe and secure” as one of the top three ethical technology principles, a 37% increase from respondents in the previous year’s survey. When it comes to concerns around AI, respondents highlighted data privacy as the most significant, with 40% of respondents ranking data privacy as their top concern.

Organizations face challenges building trust among employees: Trust in one’s organization and its emerging technologies may be declining and more pronounced in younger generations. In 2023, 87% of millennial and 81% of Gen Z respondents reported buy-in to their organization’s ethical messaging; in 2024 those figures decreased to 77% and 65% respectively. Overall buy-in fell from 89% to 81%, indicating employees of all ages are aligned with their organizations but may decline if left unaddressed.

Reputation is top of mind: When asked to rank the potential negative outcomes to organizations if ethical standards are not followed for emerging technologies, respondents rated reputational damage (82%), financial damage (66%), and regulatory penalties (60%) as their top three concerns.

Trainings and tools outpace other ethics approaches: Investment in technology ethics training is on the rise, with 80% of respondents required to complete mandatory technology ethics training, an increase of seven percentage points since 2022. Furthermore, two-thirds (67%) of respondents reported their organization provides internal tools to familiarize employees with AI. However, diverse focus groups appear to be less utilized in enacting ethical technology standards with 36% of respondents indicating their organizations used diverse focus groups in the development of standards, the same response rate as last year.

“Widespread availability and adoption of GenAI may have raised respondents’ familiarity and confidence in the technology, driving up optimism about its potential for good,” said Beena Ammanath, executive director, Global Deloitte AI Institute and Trustworthy AI leader, Deloitte LLP. “The continued cautionary sentiments around its apparent risks underscores the need for specific, evolved ethical frameworks that enable positive impact. Designated ethics leaders, diverse working groups, trainings and internal AI tools are methods that should be applied concurrently to help increase the pace and success of ethical guidance efforts.”

Deloitte’s Technology Trust Ethics practice is part of the US Purpose & DEI Office and focuses on embedding ethical decision-making into the development and use of emerging technology, to build trust in those technologies and expand the equitable opportunities of a tech-savvy world to all people.

The practice developed a Technology Trust Ethics framework to help organizations assess the ethical implications of emerging technologies and guide responsible decision-making in the design, operation and governance of those technologies.

Methodology
Deloitte’s research included interviews in April and May 2024 with 26 executives and surveyed more than 1,800 business and technical professionals involved in developing, consuming or managing emerging technologies. Respondents represented industry sectors including technology, media and telecommunications; financial services; life sciences and health care; consumer; energy, resources and industrials; academia; government and public service; and nonprofit. The survey spanned the impact of Generative AI on organizations, the understanding of and value placed on ethical principles for emerging technologies, and mechanisms to implement ethical behavior throughout their organizations. 

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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SOURCE Deloitte

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Green Security Welcomes Anton Vishnyak as Chief Technology Officer to Fuel Growth

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Vishnyak to drive innovation in compliance and access management SaaS platform

CLEARWATER, Fla., Sept. 23, 2024 /PRNewswire-PRWeb/ — Green Security LLC, a leading provider of SaaS healthcare compliance and access management solutions, announced today that it appointed Anton Vishnyak as its Chief Technology Officer (CTO). Vishnyak has more than a decade of experience building and scaling software engineering organizations.

“We are thrilled to welcome Anton to the Green Security team,” said Mickey Meehan, Chief Executive Officer of Green Security. “His expertise in technology strategy, coupled with his experience in managing high-performing engineering teams, will be pivotal as we continue to scale our platform and expand our offerings. Anton’s ability to engage with developers, architects, customers, and partners at all levels of detail will enhance our capacity to innovate and deliver exceptional service.”

As CTO, Vishnyak will lead the company’s technology strategy and oversee software solution development, reinforcing Green Security’s position in healthcare access management, compliance and safety.

“I am excited to join Green Security and help drive its next growth phase,” said Anton Vishnyak. “Green Security’s commitment to safeguarding healthcare facilities through advanced software solutions resonates strongly with me. We have an impressive team, and I look forward to working closely with them on enhancing our technology offerings and continuing to set new standards for automated access compliance solutions.”

Vishnyak’s impressive career includes roles as Head of Engineering at Venice Music where he created the first AI manager for recording artists, VP of Software Engineering at ATLAS Lift Tech where he led the development of a hospital patient monitoring system to prevent Hospital Acquired Pressure Injuries (HAPI) – saving hospitals millions of dollars yearly in litigation and worker compensation costs (patent pending), and the CTO position at b8ta, where he led the creation of a patented innovative retail platform that powered over 35 stores in addition to joint ventures with Macy’s, Toys’R’Us and international b8ta locations in the Middle East and Japan.

Furthermore Vishnyak led development of an enterprise platform that powered contract negotiation and benchmarking required by modern hospital procurement departments at purchased services tech firm Conductiv (formerly Medpricer), and led the development of a retail design platform used by Apple to manage their worldwide non-owned store retail displays and an inventory/rep scheduling platform powering Stryker and J&J distributors across their sales and surgical visits at Mobitor Corporation.

Vishnyak is the company’s third executive hire this summer, following the appointment of Mickey Meehan to Chief Executive Officer and Rhonda Harms to Chief Financial Officer.

About Green Security LLC

Green Security is a leading provider of enterprise access compliance and safety solutions for the healthcare providers, creating a safe and secure visitor environment, while efficiently managing visits from more than 120,000 approved vendors representatives across more than 130 healthcare systems representing more than 1,500 facilities across the United States. Their innovative platform automates vendor background checks and access management, ensuring only authorized personnel can enter healthcare facilities. By elevating security standards and streamlining processes, Green Security empowers healthcare organizations to protect patients, staff, and facilities while maintaining operational efficiency.

Media Contact

Kim Peterson, Green Security, 1 (720) 316-4517, Kim.Peterson@kp-communications.com, https://www.greensecurityllc.com/ 

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Open XR Optics Forum Releases Management Requirements White Paper

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SAN JOSE, Calif., Sept. 23, 2024 /PRNewswire/ — The Open XR Optics Forum is excited to announce the publication of its Management Requirements White Paper. With 17 authors of 13 forum member companies, this pivotal document provides an in-depth evaluation of the management interface and API requirements essential for advancing the development and adoption of next generation advanced pluggable transceivers, including Open XR optics products and services.

Key Highlights:

Relevance to Next-Generation Pluggable Transceivers: The white paper’s findings are crucial for managing all next-generation advanced pluggable transceivers, ensuring seamless integration and interoperability across multi-vendor environments.Focus on Multivendor Integration: Emphasizing the importance of decoupling host and module functionalities, the white paper lays the groundwork for a multivendor operational environment and seamless automation of Open XR Optics networks.Alignment with Industry Standards: The document ensures that Open XR management requirements are reflected in API and data model definitions, aligning closely with existing industry standards to facilitate smooth network evolution.Future Steps: Recommendations for further evaluation and standards activities include analyzing potential gaps in the OpenConfig definition and propose extensions to OpenConfig to support XR Optics functionality.

The Open XR Optics Forum continues to drive innovation and standardization to better enable the wide scale deployment of coherent pluggable transceiver technology in a variety of host devices across a variety of network applications. This white paper is a testament to the collaborative efforts and dedication of our member companies and contributors.

For more information and to download the white paper, visit Open XR Optics Forum at www.openxropticsforum.org.

About Open XR Optics Forum
Open XR Optics Forum was founded to foster collaboration between its members to facilitate the adoption and accelerate the growth of network architectures leveraging intelligent point-to-point and point-to-multipoint coherent pluggable transceivers. Members will work to ensure the products and services developed align with existing standards and operational models by driving the standardization of network interfaces and electro-mechanical hardware interfaces, demonstrating interoperability, establishing multi-sourcing potential, and developing and publishing new specifications as needed. This will accelerate the wide adoption and deployment of XR optics’ innovative technology by a broad spectrum of network operators in a wide variety of applications. Open XR Optics Forum membership is intended for network operators, network equipment vendors, and component suppliers.

Media Contact
Engage PR for Open XR Optics Forum
Jeannette Bitz
jbitz@engagepr.com 

 

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