Geographic Information System (GIS)|Construction held the largest size in the overall GIS Market


Posted August 7, 2018 by poojapatange

Geographic Information System (GIS) Market by Component (Hardware (GIS Collector, Total Station, LIDAR, GNSS Antenna) & Software), Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service), End User - Global Forecast to 2023

 
The geographic information system (GIS) market is expected to be worth USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023.

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Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of geospatial solutions in transportation are some of the major factors driving the growth of the market. The high cost of geospatial solutions and geographic data collection barriers poses major restraining factors for the growth of this market. The market has been segmented on the basis of component, function, end user, and geography.

The increase in industrialization and urbanization propels the growth of the market in construction. The growing construction activities across the world has created a demand for surveying devices such as robotic total stations, GIS collectors, and GNNS-based receivers and antennas. Mapping and surveying functions are the major application areas for construction activities. GIS databases are widely used in the integration of geospatial data with CAD tools for engineering and designing of construction projects.

Major players involved in the software market include Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US).

APAC expected to grow at the highest rate between 2017 and 2023

APAC is expected to be the fastest-growing market for GIS during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies engaged in engineering and construction, mining and manufacturing, insurance, and agriculture are implementing geospatial technologies to identify potential markets and are using geospatial information to make strategic decisions. Surveying and mapping technologies are widely used in APAC. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for 3D GIS in this region.

The hardware market was dominated by key players such as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong Science & Technology Co., Ltd. (China).

The other players in this market include Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group (Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada), PASCO CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).

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Issued By Puja
Country United States
Categories Movies , Shipping
Tags civil , construction , geographic information system , gis , market
Last Updated August 7, 2018