Connect with us

Uncategorized

Surveying Equipment Market to grow at a CAGR of 4.83% by 2027: Growth opportunities led by Aparna Agencies and FARO Technologies Inc.- Technavio

Surveying Equipment Market to grow at a CAGR of 4.83% by 2027: Growth opportunities led by Aparna Agencies and FARO Technologies Inc.- Technavio
PR Newswire
NEW YORK, Feb. 9, 2023

NEW YORK, Feb. 9, 2023 /PRNewswire/ — The surveying equipment marke…

Published

1 year ago

on

Surveying Equipment Market to grow at a CAGR of 4.83% by 2027: Growth opportunities led by Aparna Agencies and FARO Technologies Inc.- Technavio

PR Newswire

NEW YORK, Feb. 9, 2023

NEW YORK, Feb. 9, 2023 /PRNewswire/ -- The surveying equipment market size is forecast to increase by USD 2.85943 Billion from 2023 to 2027, at a CAGR of 4.83%, according to the recent market study by Technavio. The growth of the market will be driven by the growth in the railway sector in APAC, growth in the construction industry, and the opening of new avenues for natural gas markets.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Aparna Agencies, FARO Technologies Inc., Guangdong Kolida Instrument Co. Ltd., Hexagon AB, Kongsberg Gruppen ASA, Ohmex Ltd., PASI srl, Raytheon Technologies 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.

To get detailed insights about vendors and their offerings, buy the report

Key benefits for industry players & stakeholders – 

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future - To get requisite details, ask for a custom report.

Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

Get a holistic overview of the surveying equipment market by industry experts to evaluate and develop growth strategies. Download the Sample

The market is segmented by application (land application and hydrographic application) and product (total stations and theodolites levels, GNSS system, UAV, pipe lasers, and others)

Segmentation by application (inclusion/exclusion)

  • Inclusion 
    • Land application:

The land application segment was valued at USD 6939 million in 2017 and continued to grow by 2021. This segment will account for a significant share of the global market during the forecast period. The rise of passengers and freight, primarily in APAC and Europe, has been driving the global market to grow significantly. The emerging economies, primarily China, have significantly expanded based on the demand for high-speed rail over the past 20 years in terms of both economy and infrastructure. Additionally, North America, Mexico, the US, and Canada are investing in high-speed rails, driving the demand for surveying equipment with increased traffic congestion in different corridors. These factors will drive the growth of the segment during the forecast period.

Related Reports:

The coding and marking equipment market is estimated to grow at a CAGR of 6.78% between 2022 and 2027. The size of the market is forecast to increase by USD 1,352.38 million. This report extensively covers market segmentation by product (CIJ printing and coding, laser coding and marking, TIJ printing, DOD printing, and others), end-user (food and beverage, healthcare, industrial, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

The land surveying equipment market share is expected to increase to USD 3.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%. Furthermore, this report extensively covers land surveying equipment market segmentation by product (total stations and theodolites levels, PAV, GNSS system, pipe lasers, and others), end-user (construction, mining, oil and gas, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Register for a free trial today and gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION platform

What are the key data covered in this surveying equipment market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the surveying equipment market between 2023 and 2027
  • Precise estimation of the surveying equipment market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the surveying equipment industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of surveying equipment market vendors

Surveying Equipment Market Scope

Report Coverage

Details

Page number

171

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.83%

Market growth 2023-2027

USD 2,859.43 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.08

Regional analysis

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

Performing market contribution

APAC at 48%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aparna Agencies, FARO Technologies Inc., Guangdong Kolida Instrument Co. Ltd., Hexagon AB, Kongsberg Gruppen ASA, Ohmex Ltd., PASI srl, Raytheon Technologies 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 dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global surveying equipment market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global surveying equipment market 2017 - 2021 ($ million)
  • 4.2 Application Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.3 Product Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Land application - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Land application - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Land application - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Land application - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Land application - Year-over-year growth 2022-2027 (%)
  • 6.4 Hydrographic application - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Hydrographic application - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Hydrographic application - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Hydrographic application - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Hydrographic application - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Application 
    • Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Product

  • 7.1 Market segments 
    • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 45: Chart on Comparison by Product
    • Exhibit 46: Data Table on Comparison by Product
  • 7.3 Total stations and theodolites levels - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Total stations and theodolites levels - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Total stations and theodolites levels - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Total stations and theodolites levels - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Total stations and theodolites levels - Year-over-year growth 2022-2027 (%)
  • 7.4 GNSS system - Market size and forecast 2022-2027
    • Exhibit 51: Chart on GNSS system - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on GNSS system - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on GNSS system - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on GNSS system - Year-over-year growth 2022-2027 (%)
  • 7.5 UAV - Market size and forecast 2022-2027
    • Exhibit 55: Chart on UAV - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on UAV - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on UAV - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on UAV - Year-over-year growth 2022-2027 (%)
  • 7.6 Pipe lasers - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Pipe lasers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Pipe lasers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Pipe lasers - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Pipe lasers - Year-over-year growth 2022-2027 (%)
  • 7.7 Others - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 7.8 Market opportunity by Product 
    • Exhibit 67: Market opportunity by Product ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 North America - Market size and forecast 2022-2027
    • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.7 South America - Market size and forecast 2022-2027
    • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Germany - Market size and forecast 2022-2027
    • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027
    • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.12 India - Market size and forecast 2022-2027
    • Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 FARO Technologies Inc. 
    • Exhibit 120: FARO Technologies Inc. - Overview
    • Exhibit 121: FARO Technologies Inc. - Business segments
    • Exhibit 122: FARO Technologies Inc. - Key news
    • Exhibit 123: FARO Technologies Inc. - Key offerings
    • Exhibit 124: FARO Technologies Inc. - Segment focus
  • 12.4 Guangdong Kolida Instrument Co. Ltd. 
    • Exhibit 125: Guangdong Kolida Instrument Co. Ltd. - Overview
    • Exhibit 126: Guangdong Kolida Instrument Co. Ltd. - Product / Service
    • Exhibit 127: Guangdong Kolida Instrument Co. Ltd. - Key offerings
  • 12.5 Hexagon AB 
    • Exhibit 128: Hexagon AB - Overview
    • Exhibit 129: Hexagon AB - Business segments
    • Exhibit 130: Hexagon AB - Key news
    • Exhibit 131: Hexagon AB - Key offerings
    • Exhibit 132: Hexagon AB - Segment focus
  • 12.6 Kongsberg Gruppen ASA 
    • Exhibit 133: Kongsberg Gruppen ASA - Overview
    • Exhibit 134: Kongsberg Gruppen ASA - Business segments
    • Exhibit 135: Kongsberg Gruppen ASA - Key news
    • Exhibit 136: Kongsberg Gruppen ASA - Key offerings
    • Exhibit 137: Kongsberg Gruppen ASA - Segment focus
  • 12.7 Ohmex Ltd. 
    • Exhibit 138: Ohmex Ltd. - Overview
    • Exhibit 139: Ohmex Ltd. - Product / Service
    • Exhibit 140: Ohmex Ltd. - Key offerings
  • 12.8 PASI srl 
    • Exhibit 141: PASI srl - Overview
    • Exhibit 142: PASI srl - Product / Service
    • Exhibit 143: PASI srl - Key offerings
  • 12.9 Raytheon Technologies Corp. 
    • Exhibit 144: Raytheon Technologies Corp. - Overview
    • Exhibit 145: Raytheon Technologies Corp. - Business segments
    • Exhibit 146: Raytheon Technologies Corp. - Key news
    • Exhibit 147: Raytheon Technologies Corp. - Key offerings
    • Exhibit 148: Raytheon Technologies Corp. - Segment focus
  • 12.10 Robert Bosch GmbH 
    • Exhibit 149: Robert Bosch GmbH - Overview
    • Exhibit 150: Robert Bosch GmbH - Business segments
    • Exhibit 151: Robert Bosch GmbH - Key news
    • Exhibit 152: Robert Bosch GmbH - Key offerings
    • Exhibit 153: Robert Bosch GmbH - Segment focus
  • 12.11 Seafloor Systems Inc. 
    • Exhibit 154: Seafloor Systems Inc. - Overview
    • Exhibit 155: Seafloor Systems Inc. - Product / Service
    • Exhibit 156: Seafloor Systems Inc. - Key offerings
  • 12.12 Shanghai Huace Navigation Technology Ltd.
    • Exhibit 157: Shanghai Huace Navigation Technology Ltd. - Overview
    • Exhibit 158: Shanghai Huace Navigation Technology Ltd. - Product / Service
    • Exhibit 159: Shanghai Huace Navigation Technology Ltd. - Key offerings
  • 12.13 South Surveying and Mapping Instruments Co. Ltd.
    • Exhibit 160: South Surveying and Mapping Instruments Co. Ltd. - Overview
    • Exhibit 161: South Surveying and Mapping Instruments Co. Ltd. - Product / Service
    • Exhibit 162: South Surveying and Mapping Instruments Co. Ltd. - Key offerings
  • 12.14 SURVEY COPTER 
    • Exhibit 163: SURVEY COPTER - Overview
    • Exhibit 164: SURVEY COPTER - Product / Service
    • Exhibit 165: SURVEY COPTER - Key offerings
  • 12.15 Target Corp. 
    • Exhibit 166: Target Corp. - Overview
    • Exhibit 167: Target Corp. - Product / Service
    • Exhibit 168: Target Corp. - Key offerings
  • 12.16 Teledyne Technologies Inc. 
    • Exhibit 169: Teledyne Technologies Inc. - Overview
    • Exhibit 170: Teledyne Technologies Inc. - Business segments
    • Exhibit 171: Teledyne Technologies Inc. - Key news
    • Exhibit 172: Teledyne Technologies Inc. - Key offerings
    • Exhibit 173: Teledyne Technologies Inc. - Segment focus
  • 12.17 Turner Morris 
    • Exhibit 174: Turner Morris - Overview
    • Exhibit 175: Turner Morris - Product / Service
    • Exhibit 176: Turner Morris - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 177: Inclusions checklist
    • Exhibit 178: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 179: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 180: Research methodology
    • Exhibit 181: Validation techniques employed for market sizing
    • Exhibit 182: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 183: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

Contact
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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/surveying-equipment-market-to-grow-at-a-cagr-of-4-83-by-2027-growth-opportunities-led-by-aparna-agencies-and-faro-technologies-inc--technavio-301741852.html

SOURCE Technavio

Read More

Related Topics:
Continue Reading

Uncategorized

One city held a mass passport-getting event

A New Orleans congressman organized a way for people to apply for their passports en masse.

Published

50 mins ago

on

March 15, 2024

By

While the number of Americans who do not have a passport has dropped steadily from more than 80% in 1990 to just over 50% now, a lack of knowledge around passport requirements still keeps a significant portion of the population away from international travel.

Over the four years that passed since the start of covid-19, passport offices have also been dealing with significant backlog due to the high numbers of people who were looking to get a passport post-pandemic. 

Related: Here is why it is (still) taking forever to get a passport

To deal with these concurrent issues, the U.S. State Department recently held a mass passport-getting event in the city of New Orleans. Called the "Passport Acceptance Event," the gathering was held at a local auditorium and invited residents of Louisiana’s 2nd Congressional District to complete a passport application on-site with the help of staff and government workers.

A passport case shows the seal featured on American passports.

Amazon

'Come apply for your passport, no appointment is required'

"Hey #LA02," Rep. Troy A. Carter Sr. (D-LA), whose office co-hosted the event alongside the city of New Orleans, wrote to his followers on Instagram  (META) . "My office is providing passport services at our #PassportAcceptance event. Come apply for your passport, no appointment is required."

More Travel:

The event was held on March 14 from 10 a.m. to 1 p.m. While it was designed for those who are already eligible for U.S. citizenship rather than as a way to help non-citizens with immigration questions, it helped those completing the application for the first time fill out forms and make sure they have the photographs and identity documents they need. The passport offices in New Orleans where one would normally have to bring already-completed forms have also been dealing with lines and would require one to book spots weeks in advance.

These are the countries with the highest-ranking passports in 2024

According to Carter Sr.'s communications team, those who submitted their passport application at the event also received expedited processing of two to three weeks (according to the State Department's website, times for regular processing are currently six to eight weeks).

While Carter Sr.'s office has not released the numbers of people who applied for a passport on March 14, photos from the event show that many took advantage of the opportunity to apply for a passport in a group setting and get expedited processing.

Every couple of months, a new ranking agency puts together a list of the most and least powerful passports in the world based on factors such as visa-free travel and opportunities for cross-border business.

In January, global citizenship and financial advisory firm Arton Capital identified United Arab Emirates as having the most powerful passport in 2024. While the United States topped the list of one such ranking in 2014, worsening relations with a number of countries as well as stricter immigration rules even as other countries have taken strides to create opportunities for investors and digital nomads caused the American passport to slip in recent years.

A UAE passport grants holders visa-free or visa-on-arrival access to 180 of the world’s 198 countries (this calculation includes disputed territories such as Kosovo and Western Sahara) while Americans currently have the same access to 151 countries.

Read More

Continue Reading

Uncategorized

Fast-food chain closes restaurants after Chapter 11 bankruptcy

Several major fast-food chains recently have struggled to keep restaurants open.

Published

4 hours ago

on

March 15, 2024

By

Competition in the fast-food space has been brutal as operators deal with inflation, consumers who are worried about the economy and their jobs and, in recent months, the falling cost of eating at home. 

Add in that many fast-food chains took on more debt during the covid pandemic and that labor costs are rising, and you have a perfect storm of problems. 

It's a situation where Restaurant Brands International (QSR) has suffered as much as any company.  

Related: Wendy's menu drops a fan favorite item, adds something new

Three major Burger King franchise operators filed for bankruptcy in 2023, and the chain saw hundreds of stores close. It also saw multiple Popeyes franchisees move into bankruptcy, with dozens of locations closing.

RBI also stepped in and purchased one of its key franchisees.

"Carrols is the largest Burger King franchisee in the United States today, operating 1,022 Burger King restaurants in 23 states that generated approximately $1.8 billion of system sales during the 12 months ended Sept. 30, 2023," RBI said in a news release. Carrols also owns and operates 60 Popeyes restaurants in six states." 

The multichain company made the move after two of its large franchisees, Premier Kings and Meridian, saw multiple locations not purchased when they reached auction after Chapter 11 bankruptcy filings. In that case, RBI bought select locations but allowed others to close.

Burger King lost hundreds of restaurants in 2023.

Image source: Chen Jianli/Xinhua via Getty

Another fast-food chain faces bankruptcy problems

Bojangles may not be as big a name as Burger King or Popeye's, but it's a popular chain with more than 800 restaurants in eight states.

"Bojangles is a Carolina-born restaurant chain specializing in craveable Southern chicken, biscuits and tea made fresh daily from real recipes, and with a friendly smile," the chain says on its website. "Founded in 1977 as a single location in Charlotte, our beloved brand continues to grow nationwide."

Like RBI, Bojangles uses a franchise model, which makes it dependent on the financial health of its operators. The company ultimately saw all its Maryland locations close due to the financial situation of one of its franchisees.

Unlike. RBI, Bojangles is not public — it was taken private by Durational Capital Management LP and Jordan Co. in 2018 — which means the company does not disclose its financial information to the public. 

That makes it hard to know whether overall softness for the brand contributed to the chain seeing its five Maryland locations after a Chapter 11 bankruptcy filing.

Bojangles has a messy bankruptcy situation

Even though the locations still appear on the Bojangles website, they have been shuttered since late 2023. The locations were operated by Salim Kakakhail and Yavir Akbar Durranni. The partners operated under a variety of LLCs, including ABS Network, according to local news channel WUSA9. 

The station reported that the owners face a state investigation over complaints of wage theft and fraudulent W2s. In November Durranni and ABS Network filed for bankruptcy in New Jersey, WUSA9 reported.

"Not only do former employees say these men owe them money, WUSA9 learned the former owners owe the state, too, and have over $69,000 in back property taxes."

Former employees also say that the restaurant would regularly purchase fried chicken from Popeyes and Safeway when it ran out in their stores, the station reported. 

Bojangles sent the station a comment on the situation.

"The franchisee is no longer in the Bojangles system," the company said. "However, it is important to note in your coverage that franchisees are independent business owners who are licensed to operate a brand but have autonomy over many aspects of their business, including hiring employees and payroll responsibilities."

Kakakhail and Durranni did not respond to multiple requests for comment from WUSA9.

Read More

Continue Reading

Uncategorized

Industrial Production Increased 0.1% in February

From the Fed: Industrial Production and Capacity Utilization
Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 p…

Published

4 hours ago

on

March 15, 2024

By

From the Fed: Industrial Production and Capacity Utilization
Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January. The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures. At 102.3 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization for the industrial sector remained at 78.3 percent in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.
emphasis added
Click on graph for larger image.

This graph shows Capacity Utilization. This series is up from the record low set in April 2020, and above the level in February 2020 (pre-pandemic).

Capacity utilization at 78.3% is 1.3% below the average from 1972 to 2022.  This was below consensus expectations.

Note: y-axis doesn't start at zero to better show the change.


Industrial Production The second graph shows industrial production since 1967.

Industrial production increased to 102.3. This is above the pre-pandemic level.

Industrial production was above consensus expectations.

Read More

Continue Reading

Trending