REPORT OVERVIEW
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The global surveying and mapping services market size was in USD 34330 million 2022. As per our research, the market is expected to reach USD 40940 million by 2028, exhibiting a CAGR of 3.0% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The market pertains to a sector that offers specialized professional solutions concerning the evaluation, interpretation, and visualization of geographic and spatial information. These services hold significant importance across diverse industries like construction, urban design, environmental oversight, land enhancement, resource investigation, and numerous others.
COVID-19 Impact: Remote Data Collection among Population to Fuel Market Growth
Amidst the COVID-19 pandemic, surveying and mapping service experts benefitted from remote data collection techniques, including LiDAR, satellite imaging, drones, and remote sensing technologies. These methods enabled professionals to sustain their operations without requiring their physical presence, effectively ensuring safety and uninterrupted data gathering despite lockdowns and travel limitations.
Enforced lockdowns, social distancing protocols, and other pandemic-related constraints frequently resulted in diminished entry to project sites and constrained the mobility of surveying teams. This impeded the capability to perform on-site field surveys and collect vital data.
LATEST TRENDS
"Drone Technology, and Advanced LiDAR Applications to Fuel Market Growth "
Revolutionizing the domain of these services, drone technology—also referred to as Unmanned Aerial Vehicles (UAVs) or Unmanned Aircraft Systems (UAS)—has brought about transformative changes. These compact, remotely piloted aircraft come equipped with an array of sensors, cameras, and GPS systems, enabling the capture of high-resolution images, videos, and data. Drones offer an efficient and cost-effective approach to gathering aerial data across expansive and hard-to-reach terrains, capable of covering extensive land areas in significantly less time than conventional surveying methods. The accessibility and widespread adoption of LiDAR technology were notable trends, finding applications across diverse fields such as autonomous vehicles, forestry management, and infrastructure planning. The heightened demand was fueled by its capability to produce exceptionally precise 3D maps.
SEGMENTATION
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- By Type
Based on Type, the market is classified as hydrographic surveying, cadastral surveying, topographic surveying, and others.
- By Application
Based on Application, the market is classified as construction, mining, oil and gas and others.
DRIVING FACTORS
"Urbanization and Infrastructure Development to Fuel Market Growth "
The surveying and mapping services market growth is significantly driven by the surge in urbanization, characterized by the rapid expansion of cities and urban areas alongside the development of modern infrastructure. This urbanization trend is substantially accelerated by the global pattern of individuals transitioning from rural regions to bustling urban hubs. As urban centers undergo robust growth and populations experience a surge, an imperative need arises for precise surveying and mapping services to meticulously chart the newly erected structures, utilities, and transportation networks, thus fueling the demand for these services in the market.
"Real Estate and Land Management to Stimulate Market Progress"
The surveying and mapping services find their core impetus in real estate and land management. This driving factor encompasses the intricate interplay between land utilization, property transactions, and spatial data. Crucially, surveying plays a pivotal role in precisely establishing property boundaries, a crucial step that averts boundary disputes, legal entanglements, and fosters unequivocal property ownership comprehension.
RESTRAINING FACTORS
"Cost Constraints to Harm Market Growth "
Specialized equipment, skilled expertise, and advanced technologies are frequently essential in surveying and mapping services. However, the substantial upfront expenses associated with procuring and upkeeping these resources can discourage smaller enterprises or projects operating within constrained budgets.
REGIONAL INSIGHTS
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"North America Has Well-Established And Advanced Nature To Drive Market Share "
The surveying and mapping services market in North America, specifically the United States and Canada, claims a substantial smarket share owing to its firmly established and progressive character. These countries possess a significant market portion due to their pivotal positions in adopting state-of-the-art technologies and serving as hubs for GIS applications, urban planning, and infrastructure advancements. The demand for these services is further boosted by noteworthy contributions from government initiatives, private construction undertakings, and the pressing need for comprehensive environmental monitoring, solidifying their market share in the industry.
KEY INDUSTRY PLAYERS
"Multitude Of Companies That Played A Pivotal Role In The Market Expansion"
Here are notable players within the surveying and mapping services market. Trimble, renowned as a worldwide front-runner in positioning technologies, provides an extensive array of offerings encompassing surveying, geospatial data gathering, and mapping. Their product lineup encompasses GPS, GNSS receivers, and software tailored for data processing and analytical purposes.
List of Market Players Profiled
- PASCO Corporation (Japan)
- Fugro (Netherlands)
- AECOM (U.S.)
- Stantec (Canada)
- NV5 Global (U.S.)
REPORT COVERAGE
The future demand for the surveying and mapping services market is covered in this study. The Research report includes the Remote Data Collection among Population due to the Covid-19 Impact. The report covers the latest trends in Drone Technology. The paper includes a segmentation of the surveying and mapping services market. The research paper includes the driving factors that are Urbanization and Infrastructure Development to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for surveying and mapping services.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 34330 Million in 2022 |
Market Size Value By |
US$ 40940 Million by 2028 |
Growth Rate |
CAGR of 3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global surveying and mapping services market expected to touch by 2028?
The global surveying and mapping services market size is expected to reach USD 40940 million by 2028.
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What CAGR is the global surveying and mapping services market expected to exhibit by 2028?
The global surveying and mapping services market is expected to exhibit a CAGR of 3.0% by 2028.
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Which are the driving factors of the surveying and mapping services market?
The driving factors of the surveying and mapping services market are Urbanization and Infrastructure Development, and Real Estate and Land Management.
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Which are the key players or most dominating companies functioning in the surveying and mapping services market?
PASCO Corporation, Fugro, AECOM, Stantec, and NV5 Global are the key players or most dominating companies functioning in the surveying and mapping services market.
