GIS Data Collector Market Report Overview
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The global GIS data collector market size expanded rapidly in 2022, as per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the GIS data collector market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
An electronic information system that analyzes, incorporates, and presents data based on geographic locations is known as a GIS data collector. It offers a visual depiction of spatial analysis on maps. The geographic data is collected, processed, and stored using geospatial technology. For startups and new entrants, this industry offers a number of options for them to grow their enterprises.
COVID-19 Impact: Lockdown and Supply Chain Disruption to Hinder the GIS Data Collector Market During the Forecast Period
Covid badly affected the GIS data collector market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.
LATEST TRENDS
"Demand for Infrastructure Monitoring to Impel the Market Growth"
The usage of GIS data collection tools to analyze and visualize geography across time as well as acquire spatial geographic data is growing. 2D, 3D, and temporal change data are all included in 4D GIS data. To produce 4D data, an integrated database with real-time monitoring is necessary. To integrate, organize, and analyze both geographical and nonspatial data gathered from multiple data sources, 4D GIS is employed. In places where 4D GIS is required for forecasting dimensions over time, it is becoming more and more common. For instance, infrastructure monitoring must determine where and when vulnerabilities in infrastructure could occur.
GIS Data Collector Market Segmentation
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- By Type Analysis
By type, market is segmented into general precision and high precision. The general precision type segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into agriculture, industrial, forestry and other. The agriculture segment will lead the global share through 2031.
DRIVING FACTORS
"Smart City Plannings to Augment the Market Demands "
For the purpose of determining the current state of the market potential data, smart city planning requires a significant amount of geospatial data, both during the planning phase and throughout plan execution. It would be crucial for a smart city to employ GIS data collector for land use management to keep track of zoning and associated information about structures and occupancy. For the purpose of managing and developing a smart city, GIS data collector delivers accurate, organized, and trustworthy information.
"GIS Spatial Analytical Tools to Propel the Market Growth"
Since GIS data collector and building information modeling have an easy-to-use interface, SIS is being utilized more and more in the creation of smart infrastructure and green buildings (BIM). Smart utilities, smart public works, and smart urban planning are just a few of the applications for GIS data collector in the creation of smart cities. GIS spatial analytical tools for data collection are used to make efficient decisions for the control of urban expansion in the creation of smart cities.
RESTRAINING FACTORS
"High Cost of Geospatial Business to Challenge the Market Growth"
During the past ten years, the geospatial business has expanded, and there are now more application areas than ever before. The high cost of GIS data collector and geographic data barriers are a couple of the things, nonetheless, that are limiting the development of the geospatial business. The complexity of the GIS data collector has increased as a result of the development of real-time GIS data collector. The creation of real-time data gathering systems for geographic information systems (GIS) is extremely difficult, which drives up the cost of the software. Commercial geospatial solutions are not something that small businesses with limited resources can afford to invest in. Small and medium-sized businesses are less likely to utilize GIS data collectors because of the large initial expenditure needed for installation.
Due to the availability of geospatial data in so many dissimilar and incompatible formats, constraints related to geospatial data are also impeding industry expansion. Geospatial data translators are being used by GIS data collector companies as a response, although the compatibility is weak. The cost of GIS data collector's entire installation increases as a result of data translation and integration.
Integrating geospatial data with corporate systems like enterprise resource planning (ERP), customer relationship management (CRM), and business process management presents a challenge for organizations (BPM). The data gathered from geographic sources is heterogeneous/unstructured (images, videos, signals), and it has to be handled in order to be compatible with the current database. Integrating and synchronizing geospatial data with corporate solutions and implementing workflows that are compliant with both systems are the two main issues facing the GIS data collector market. Also, synchronizing enterprise solutions with geospatial data is extremely difficult due to the complexity of the business processes and workflows involved. As a result, the market for GIS data collectors faces difficulties as a result of the integration of GIS data collector technology with other technologies.
GIS Data Collector Market Regional Insights
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"Asia Pacific’s Market to Grow Exponentially with the Forecasted Period"
Asia Pacific is one of the fastest-growing GIS data collector markets. The market for industry-specific GIS data collector is driven by large-scale infrastructure projects in developing nations like China and India. Due to the widespread use of GIS data collector in agriculture, construction, transportation, and utilities, China is predicted to have the greatest share of the GIS data collector market in the Asia Pacific region. Urban planning, the creation of smart cities, and environmental monitoring have all benefited from government initiatives in India that have pushed the use of GIS data collection. Throughout the projection period, it is anticipated that demand for GIS data collector in this area would be driven by the usage of GIS-integrated construction planning solutions like BIM.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Garmin Ltd (U.S.)
- Handheld Group (Sweden)
- Hexagon (Leica Geosystems) (Sweden)
- Esri (U.S.)
- Hi-Target (China)
- Septentrio (Belgium)
- Trimble (U.S.)
- Spectra Geospatial (U.S.)
- South Surveying & Mapping Instrument Co., Ltd. (China)
- Beijing UniStrong Science & Technology Corporation Limited (China)
- GUANGDONG KOLIDA INSTRUMENT CO, LTD. (China)
- Shanghai Huace Navigation Technology Ltd. (China)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
Frequently Asked Questions
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What are the key factors driving the GIS data collector market?
Smart city plannings and GIS spatial analytical tools are some of the driving factors of the GIS data collector market.
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What is the leading region in the GIS data collector market?
Asia Pacific is the leading region in the market for GIS data collector.
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What are the key players in the GIS data collector market?
Garmin Ltd, Hi-Target, Spectra Geospatial and Beijing Uni Strong Science & Technology Corporation Limited are some of the leading players in the GIS data collector market.
