Results for: GNSS

The global land survey equipment system market is projected to grow at a steady CAGR of 4.6% from 2024 to 2034, reaching a valuation of US$ 13,363.4 million. This growth is driven by factors such as increased infrastructure projects, advancements in GPS and GNSS technology, and rising demand from mining and construction sectors. Technological advancements, particularly in AI-driven geospatial analytics and autonomous systems, are also contributing to market growth.

Union Minister Nitin Gadkari has emphasized the importance of quality roads and urged highway agencies to refrain from charging tolls for subpar infrastructure. He also advocated for a flexible Hybrid Annuity Model (HAM) where contractors can invest more in infrastructure projects. The government plans to implement a GNSS-based electronic toll collection system, aiming to increase toll revenue significantly.