Geographic Information System (GIS) Market Applications and Growth possibility


Posted November 19, 2019 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 was valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023. Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of GIS solutions in transportation are the key driving factors for the market.

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Geographic Information System (GIS) Market, by Application

Agriculture
Construction
Transportation
Utilities
Mining
Oil & Gas
Mapping function held the largest size in the overall GIS market

The mapping function held the largest market size in terms of value in 2016. Mapping offers better decision-making for selection of agriculture sites, natural resource extraction, disaster management, urban planning, and transportation modeling. Hence, the use of mapping technologies has been growing rapidly in construction, infrastructure, defense and security, transportation, agriculture, forestry, and environment. Urban planning and smart city development program in developing countries such as India and China have contributed to the market growth of mapping function.

GIS collectors expected to dominate the market for GIS hardware between 2017 and 2023

The users face issues in collecting data in closed or covered areas such as a dense forest. GIS collector helps users to collect reliable and accurate data in these areas. GIS collector is expected to dominate the hardware market during the forecast period owing to the increasing demand for collectors for capturing and mapping the data in agriculture, construction, and utilities. GIS collector offers field data collection in both online and offline modes. It also supports external GNSS/GPS receivers for improved spatial data collection.

Construction held the largest size in the overall GIS market

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.

The APAC region is expected to be the fastest-growing region for the geographic information system (GIS) market. The use of GIS for transportation planning, highway and roadway management, forestry management, and precision farming is driving the growth of the market in this region. With the increasing infrastructural growth in various countries in APAC, GIS is expected to be implemented in smart city planning and urban development programs. China is investing heavily in infrastructure development and urban area planning. This investment in construction would drive the market for geospatial surveying devices such as GNSS receivers and GIS collectors. The growth of the market for construction in Japan is creating opportunities for geospatial technologies. With the emerging urban sector in India, there has been a huge demand for geospatial technologies that support various types of urban development projects.

Key market players such as Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), General Electric Co. (US), Pitney Bowes Inc. (US), Autodesk, Inc. (US) , Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Beijing Unistrong Science & Technology Co., Ltd. (China), Bentley Systems Incorporated  (US), Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Limited (Cadcorp) (UK), Geosoft Inc. (Canada), Golden Software LLC (US), SuperMap Software Co., Ltd. (China), Harris Corporation (US), and Manifold Software Limited (Hong Kong) are focusing on product launch and development, acquisition and collaboration, partnership and agreement strategies to enhance their product offerings and expand their business.

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Issued By Puuja
Country India
Categories Electronics , Environment , Technology
Tags Geographic Information System Market , GIS market
Last Updated November 19, 2019