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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 to boost the market growth, Technavio

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NEW YORK, July 16, 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 – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Land application and Hydrographic application), Product (Total stations and theodolites levels, GNSS system, UAV, Pipe lasers, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

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

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.

Key Market Trends Fueling Growth

The global surveying equipment market is poised for significant growth due to the increasing adoption of unmanned aerial vehicles (UAVs) for civil applications. UAVs offer numerous advantages, such as rapid, cost-effective, and automated geospatial data acquisition in small and medium-sized areas. Both photography and topographic data can be generated, making UAVs an ideal solution for surveying hazardous or difficult-to-reach areas without human intervention. The US, a world leader in drone technology, is investing extensively in research and development to create the latest drone technology. The US military’s extensive experience with drones has led to the introduction of programs like UCLASS UAV for carrier-borne drone capability and research into stealth drones, high-altitude surveillance drones, and other advanced drone technologies. Israel and China are also investing heavily in drone production. Israel is producing UAVs for key roles within a broader surveillance-strike complex, while China has allowed numerous companies, both state-owned defense enterprises and private suppliers, to produce and develop UAVs. This has resulted in a diverse range of drone options for these governments, suitable for military and counter-terror operations. Therefore, the increasing use of UAVs in surveying, the US’s and Israel’s technological advancements, and China’s investment in drone production are expected to drive the growth of the global surveying equipment market during the forecast period. 

The Surveying Equipment Market is experiencing significant growth due to trends in GPS/GNSS technology, urbanization, transportation networks, renewable energy projects, and automation and robotics. Hardware, software, and services are key areas of focus, with GPS systems, total stations, theodolites, levels, and UAVs leading the charge. Urbanization and industrialization require advanced technology for data collection and processing, leading to increased demand for skilled workforce and technical knowledge. UAVs, LiDAR systems, and drones are revolutionizing data collection and management in industries like mining & construction, oil & gas, and disaster management. Cutting-edge technology includes visual SLAM technology, digital twin creation, and integrated smart antennas. The transportation sector relies on GNSS network solutions and time-saving processes. Renewable energy projects and smart cities require advanced software for data processing and documentation. The market also caters to specialized industries like nuclear facilities and research and planning. Modular GNSS systems, board-level GNSS receivers, and antennas are essential components of survey equipment portfolios. The future of surveying equipment lies in automation, data management, and advanced technology. 

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Market Challenges

The construction industry’s growth is influenced by economic conditions, both nationally and regionally. The US and global economies have experienced moderate to slow growth and significant volatility, negatively impacting the industry. Economic uncertainty may cause customers to delay spending due to tighter credit, income declines, or negative financial news. Non-residential real estate markets, labor and healthcare costs, access to credit, and other macroeconomic factors also affect construction demand. Delayed or canceled projects due to depressed foreign direct investments and delayed government subsidies are expected to hinder market growth during the forecast period.The Surveying Equipment Market faces challenges in various industries such as nuclear facilities and construction. The integration of cutting-edge technology like GNSS systems, total stations, theodolites, and unmanned aerial vehicles (UAVs or drones) is crucial for efficient data collection and processing. The oil & gas industry and disaster management sector heavily rely on surveying equipment for exploration drilling, pipeline management, and volumetric calculations. Advanced software and management systems aid in research and planning, data management, documentation, and inspection. Industrialization leads to an increased demand for time-saving processes and skilled manpower. LiDAR systems and aerial platforms offer solutions for complex land survey methods. GNSS network solutions, integrated smart antennas, and modular GNSS systems ensure accurate reference stations. The agriculture, mining, and mining software industries also benefit from surveying equipment for layout points and exploration.

For more insights on driver and challenges – Download 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 increasing investments in infrastructure projects, particularly in the construction of bridges, highways, roads, and expressways in countries like the US, Chile, Brazil, China, India, and other emerging Asian economies. The expansion of high-speed rail networks in China and Europe, as well as in North America, is a major driver of this growth. In Europe, there is a strong demand to connect various regions, while in North America, Mexico, the US, and Canada are investing in high-speed rail to alleviate traffic congestion. These infrastructure developments will require advanced surveying equipment to ensure accuracy and efficiency, leading to the market’s continued expansion during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global retail automation market is experiencing rapid growth driven by the demand for enhanced customer experiences and operational efficiency. Automation technologies such as AI, robotics, and IoT are transforming traditional retail processes, including inventory management, checkout systems, and customer service, leading to reduced costs and improved service delivery.

The global online survey software market is expanding due to increasing adoption by businesses for gathering customer feedback, market research, and employee engagement. Key trends include mobile compatibility, advanced analytics, and integration with CRM systems. These platforms enable organizations to streamline data collection, gain actionable insights, and make informed decisions swiftly and efficiently.

Research Analysis

The Surveying Equipment Market is experiencing significant growth due to various factors, including the increasing use of GPS/GNSS technology in land surveying, urbanization, and the development of transportation networks. Renewable energy projects also contribute to the market’s expansion, as advanced technology and automation through robotics and drones are essential for data collection in these sectors. The market requires a skilled workforce with technical knowledge to operate the complex land survey equipment, such as total stations, theodolites, levels, and GNSS systems. The oil & gas industry and industrialization are other major drivers, with time-saving processes and data collection being key benefits. The market is also witnessing the integration of software solutions to enhance the functionality and efficiency of surveying equipment.

Market Research Overview

The Surveying Equipment Market is experiencing significant growth due to various factors, including the increasing urbanization and transportation networks development, renewable energy projects, and the need for automation and robotics in the industry. The market is driven by advanced technology such as GPS/GNSS technology, which enables time-saving processes and high-precision data collection. The market also includes hardware, software, and services, with UAVs, total stations & theodolites, levels, and LiDAR systems being popular equipment types. The market caters to various industries, including mining & construction, smart cities, nuclear facilities, oil & gas industry, disaster management, and industrialization. The use of cutting-edge technology, such as digital twin creation, visual SLAM technology, and advanced software, is becoming increasingly common. The market also offers solutions for data processing, documentation, and management systems for research and planning. The market requires a skilled workforce with technical knowledge and expertise in various survey methods, such as GNSS network solutions, integrated smart antennas, modular GNSS systems, and board-level GNSS receivers. The market also includes reference stations, inspection, monitoring, volumetric calculations, layout points, and construction software for agriculture, mining, and oil & gas industries. Exploration drilling and pipeline management are also significant applications for surveying equipment.

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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Technology

Capital Advantage, Inc. Offers Tailored Financial Services for Kaiser Permanente® and TPMG Employees

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WALNUT CREEK, Calif., Jan. 10, 2025 /PRNewswire/ — Capital Advantage, Inc., a trusted name in wealth management, is proud to highlight its specialized services designed to meet the unique financial needs of Kaiser Permanente® and The Permanente Medical Group (TPMG) employees.

At Capital Advantage, we understand the complexities of Kaiser Permanente® and TPMG benefit plans. Our team is dedicated to helping healthcare professionals navigate their robust and often intricate benefit options. With over 30 years of expertise and a deep understanding of Kaiser’s offerings, we craft personalized financial plans to help maximize the value of our clients’ benefits.

“We recognize the unique challenges and opportunities that healthcare professionals face in managing their financial lives,” says Ian Castille, CFP®, Principal and Senior Financial Advisor at Capital Advantage, Inc.

Donna Zinman, CRPC®, Principal and Senior Advisor, adds, “Our goal is to educate our clients about their attractive benefit options and help them make the most of these opportunities.”

Key services for Kaiser Permanente® and TPMG employees include customized portfolio strategies and personalized guidance on retirement savings plans, identification of ideal pension options and annual open-enrollment benefit selections, advice on traditional vs. Roth 401(k) options, advanced tax-saving strategies (such as mega-backdoor Roth contributions), and simplification of retirement planning by working directly with Kaiser/TPMG’s benefits department. These services are designed to provide Kaiser/TPMG employees with peace of mind, confidence, and financial empowerment as they navigate their retirement and benefits planning.

About Capital Advantage, Inc.

Capital Advantage is a trusted, independently owned wealth management firm with over 40 years of experience helping individuals and families to achieve their financial goals. As a 100% fee-only fiduciary, Capital Advantage strives to provide financial peace of mind to each and every client, delivering large institution expertise with the personalized care and attention of a boutique firm. Our experienced advisors work closely with pre-retirees and retirees, women navigating unique financial journeys, and Kaiser Permanente® and The Permanente Medical Group (TPMG) employees to create strategies that provide clarity, confidence, and long-term success.

For more information on Capital Advantage’s services visit: Kaiser/TPMG Employees – Capital Advantage, Inc. or call (925) 299-1500 to contact one of our advisors for a no-cost initial consultation.

Disclaimer: Capital Advantage, Inc. is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Kaiser Permanente® or TPMG (The Permanente Medical Group)

Limitations: No amount of experience, recognition, or past success, nor the achievement of any professional designation, certification, degree, or license should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Capital Advantage is engaged, or continues to be engaged, to provide investment advisory services. Please see Important Disclosure.

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SOURCE Capital Advantage, Inc.

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NASA Sets Coverage for Firefly First Commercial Robotic Moon Launch

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WASHINGTON, Jan. 10, 2025 /PRNewswire/ — Carrying NASA science and technology to the Moon as part of the agency’s CLPS (Commercial Lunar Payload Services) initiative and Artemis campaign, Firefly Aerospace’s Blue Ghost Mission 1 is targeting launch Wednesday, Jan. 15. The mission will lift off on a SpaceX’s Falcon 9 rocket from Launch Complex 39A at the agency’s Kennedy Space Center in Florida.

Live launch coverage will air on NASA+ with prelaunch events starting Monday, Jan. 13. Learn how to watch NASA content through a variety of platforms, including social media. Follow all events at:

https://www.nasa.gov/live/

After the launch, Firefly’s Blue Ghost lander will spend approximately 45 days in transit to the Moon before landing on the lunar surface in early March. The lander will carry 10 NASA science investigations to further our understanding of the Moon’s environment and help prepare for future human missions to the lunar surface, as part of the agency’s Moon to Mars exploration approach. 

Science investigations on this flight aim to test and demonstrate lunar subsurface drilling technology, regolith sample collection capabilities, global navigation satellite system abilities, radiation tolerant computing, and lunar dust mitigation methods. The data captured could benefit humans on Earth by providing insights into how space weather and other cosmic forces impact Earth. 

The deadline has passed for media accreditation for in-person coverage of this launch. The agency’s media accreditation policy is available online. More information about media accreditation is available by emailing: ksc-media-accreditat@mail.nasa.gov.

Full coverage of this mission is as follows (all times Eastern):

Monday, Jan. 13
2:30 p.m. – Lunar science media teleconference with the following participants:

Chris Culbert, CLPS program manager, NASA’s Johnson Space CenterMaria Banks, CLPS project scientist, NASA Johnson

Audio of the teleconference will stream live on the agency’s website:

https://www.nasa.gov/live/

Media may ask questions via phone only. For the dial-in number and passcode, please contact the Kennedy newsroom no later than 1:30 p.m. EST Jan. 13, at: ksc-newsroom@mail.nasa.gov.

Tuesday, Jan. 14
1 p.m. – Lunar delivery readiness media teleconference with the following participants:

Nicola Fox, associate administrator, Science Mission Directorate at NASA HeadquartersJason Kim, CEO, Firefly AerospaceJulianna Scheiman, director, NASA science missions, SpaceXMark Burger, launch weather officer, Cape Canaveral Space Force Station’s 45th Weather Squadron

Audio of the teleconference will stream live on the agency’s website:

https://www.nasa.gov/live/

Media may ask questions via phone only. For the dial-in number and passcode, please contact the Kennedy newsroom no later than 12 p.m. EST on Tuesday, Jan. 14, at: ksc-newsroom@mail.nasa.gov.

Wednesday, Jan. 15
12:30 a.m. – Launch coverage begins on NASA+ and the agency’s website.

1:11 a.m. – Launch

NASA Launch Coverage
Audio only of the media teleconferences and launch coverage will be carried on the NASA “V” circuits, which may be accessed by dialing 321-867-1220, -1240, or -7135. On launch day, the full mission broadcast can be heard on -1220 and -1240, while the countdown net only can be heard on -7135 beginning approximately one hour before the mission broadcast begins.

On launch day, a “tech feed” of the launch without NASA TV commentary will be carried on the NASA TV media channel.

NASA Website Launch Coverage
Launch day coverage of the mission will be available on the NASA website. Coverage will include live streaming and blog updates beginning no earlier than 12:30 a.m. EST Jan. 15, as the countdown milestones occur. On-demand streaming video and photos of the launch will be available shortly after liftoff. For questions about countdown coverage, contact the Kennedy newsroom at 321-867-2468. Follow countdown coverage on our launch blog for updates.

NASA Virtual Guests for Launch
Members of the public can register to attend this launch virtually. Registrants will receive mission updates and activities by email, including curated mission resources, schedule updates, and a virtual guest passport stamp following a successful launch. Print your passport and get ready to add your stamp!

Watch, Engage on Social Media
Let people know you’re following the mission on X, Facebook, and Instagram by using the hashtag #Artemis. You can also stay connected by following and tagging these accounts:

X: @NASA, @NASAKennedy, @NASAArtemis, @NASAMoon

Facebook: NASA, NASAKennedy, NASAArtemis

Instagram: @NASA, @NASAKennedy, @NASAArtemis

Coverage en Español
Did you know NASA has a Spanish section called NASA en español? Check out NASA en español on X, Instagram, Facebook, and YouTube for additional mission coverage.

Para obtener información sobre cobertura en español en el Centro Espacial Kennedy o si desea solicitar entrevistas en español, comuníquese con Antonia Jaramillo o Messod Bendayan a: antonia.jaramillobotero@nasa.gov o messod.c.bendayan@nasa.gov.

For media inquiries relating to the launch provider, please contact SpaceX’s communications department by emailing: media@spacex.com. For media inquiries relating to the CLPS provider, Firefly Aerospace, please contact Firefly’s communication department by emailing: press@fireflyspace.com.
For more information about the agency’s CLPS initiative, see:

https://www.nasa.gov/clps

 

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SOURCE NASA

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Universal Brain Announces Publication of Groundbreaking Depression Research Using Multiple Event-Related Potentials

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New findings support the company’s neuroscience-driven approach to precision psychiatry, offering actionable insights for personalized depression treatment

PALO ALTO, Calif., Jan. 10, 2025 /PRNewswire/ — Universal Brain, a pioneering technology company focused on transforming mental healthcare through neuroscience, today announced the publication of its latest peer-reviewed study, “Neurotyping depression using multiple event-related potentials (ERPs): Leveraging task-based variation to predict remission in depression,” the paper introduces a novel framework for detecting unique neurophysiological patterns that can help predict which depressed patients are most likely to achieve remission from depression.

“By combining several EEG paradigms with novel statistical analyses, we’re moving closer to a future where depression therapies can be precisely tailored to each individual,” said Kazu Okuda, Chief Executive Officer of Universal Brain. “In particular, we are poised to leverage a battery of EEG paradigms to better subtype depression – which will pave the way for more precision in treatment development and selection.  These functional measures of brain activity (i.e., neurotypes) will be used to determine what treatment works best for whom.”

Key Highlights of the Study

Multi-Task ERP Analyses
The study leveraged multiple cognitive and emotional tasks to capture a broader spectrum of brain responses, thereby enabling more robust classification of distinct depression subtypes.Predictive Neurotyping
Through comprehensive ERP assessment, researchers identified patterns linked to a higher likelihood of remission in depression, paving the way for more targeted clinical strategies. Combining ERPs from multiple tasks outperformed classifications based on more traditional single-task analyses.Implications for Precision Psychiatry
These findings underscore the potential of individualized treatment pathways—an approach backed by emerging research in the field of precision psychiatry, which calls for data-driven, personalized solutions to improve outcomes in mental health.

“This work is especially exciting because it bridges the gap between laboratory-based assessments and potential real-world clinical practice. We believe our new method can help physicians potentially select treatment but also help clinicians fine-tune therapeutic interventions to an individual’s unique neural signature,” commented Greg Hajcak, Chief Scientific Advisor of Universal Brain. “By leveraging multiple ERPs in varying tasks, we can aim to better predict who will respond to specific treatments, a key step in transforming how we approach depression management.”

Championing Precision Psychiatry

Universal Brain’s overarching mission is to integrate cutting-edge neuroscience with clinical insights to advance precision psychiatry—a transformative model of care that personalizes interventions based on individual biological, behavioral, and environmental factors. This focus resonates with emerging trends in psychiatric research to enhance treatment outcomes.

In close collaboration with academic institutions, research hospitals, and clinical partners, Universal Brain continues to drive neuroscience-based innovation that bridges the gap between academic discoveries and real-world patient care.

For more information on Universal Brain’s research and the company’s commitment to developing neuroscience-driven solutions for mental health, please visit universal-brain.com or email us at media@universal-brain.com.

About Universal Brain

Universal Brain is a science-driven technology company dedicated to revolutionizing mental healthcare by unlocking the power of precision psychiatry. Drawing on advances in neuroscience, data analytics, and engineering, Universal Brain develops innovative tools and platforms that personalize psychiatric treatment and improve patient outcomes. To learn more, visit www.universal-brain.com.

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SOURCE Universal Brain

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