Global Robotic Total Station Market Is Anticipated to Reach US$ 1350 Mn by 2025
Robotic Total Station Market with Manufacturers, Countries, Type and Application, Forecast to 2025, New Research Report Announced by The QY Research. The report Contain Segmentation, Current Trends, Emerging Challenges, Strategic Alliances.
Los Angeles, CA -- (SBWire) -- 02/26/2019 --Measuring robot, also known as robotic total station, is the measurement platform with automatic target recognition, automatic calibration, automatic angle measurement and distance measurement, automatic target tracking, automatic recording function. The primary use of robotic total stations is in surveying, which is critical and demands high precision. Robotic total stations are advanced, easy to install, reliable, and fast, due to which surveying applications contributed the largest share of over 44% in 2016.
This industries Concentration is very high. The three leading companies Hexagon, Topcon and Trimble share over 99% market and still keep their expansion by developing high-end products.
North America is the largest consumption region of Robotic Total Station, with a consumption market share nearly 39.42% in 2016. The North America accounted for the highest share of robotic total stations market in 2016, as it is a mature market for automation and robotic technology, which has already incorporated robots in various industrial and services sectors. Compared with other regions, there is high awareness in the Americas with regards to advanced technology and its advantages. This factor has contributed to the growth of robots and automation in the North America. The second place is Europe; following North America with the consumption market share over 33.35% in 2016.
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The industries and services sector are constantly trying to improve productivity by incorporating automated solutions and robotic equipment. The advantages of robotic total stations over traditional surveying equipment include factors such as cost reduction, precision, and speed, which are the primary considerations in mining and construction applications. APAC accounted for the smallest market share of robotic total stations market in 2016, as it is a cost-conscious region with small and medium-scale construction and surveying contractors who are averse to investing in cost-intensive technologies. However, the region is witnessing growth in the adoption of traditional total stations owing to increased awareness with respect to the advantages of robotic total stations.
The global Robotic Total Station market is valued at 880 million US$ in 2018 is expected to reach 1350 million US$ by the end of 2025, growing at a CAGR of 5.6% during 2019-2025.
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This report focuses on Robotic Total Station volume and value at global level, regional level and company level. From a global perspective, this report represents overall Robotic Total Station market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Major Key Manufacturers of Robotic Total Station Market are: Hexagon, Topcon, Trimble, CST/berger, South Group, FOIF, Boif, Dadi, TJOP
Major Classification are follows:
0.5" Accuracy, 1" Accuracy, 2" and Other Accuracy
Major Application are follows:
Surveying, Engineering and Construction, Excavation
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