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 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.
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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.
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).
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).
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