DUBLIN, April 25, 2023 /PRNewswire/ — The “Surveying and Mapping Services: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Surveying and Mapping Services Market to Reach $46 Billion by 2030
The global market for Surveying and Mapping Services estimated at US$33.5 Billion in the year 2022, is projected to reach a revised size of US$46 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
Hydrographic Surveying, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$16.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cadastral Surveying segment is readjusted to a revised 3.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 5.3% CAGR
The Surveying and Mapping Services market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 5.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Looking Ahead to 2023
Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What’s New for 2023?
- Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
- Impact of COVID-19 Pandemic and a Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- Surveying Industry Struggles Amidst the COVID-19 Pandemic
- Communication Technologies Facilitate Surveying Activities Amidst the Pandemic
- GIS Technology Enables Mapping of COVID-19 Outbreak
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Surveying & Mapping Services
- Types of Surveying and Mapping Services
- Global Market Prospects & Outlook
- World Brands
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Construction Industry Trends Determine Need for Surveying & Mapping Services
- Oil & Gas Industry Activities Influence Demand for Surveying and Mapping Services
- Technologies Used for Surveying in Oil & Gas Industry
- Oil & Gas Sector Confronts Challenging Times Amidst COVID-19 Pandemic, Affecting Surveying and Mapping Services Market
- Tremendous Value of Surveying and Mapping Services for Smart City Initiatives
- Land Surveying Services: Innovative Technologies Influence Market Growth
- Land Surveyor Roles Poised to Change in the Future
- Rising Use of GPS/GNSS Systems for Land Surveying and Mapping Applications
- Inclination towards GIS Presents Opportunities for GNSS
- GNSS Emerges as Viable Tool for Georeferencing
- High-Precision Receivers Elevate Performance of GPS
- 3D Technology Emerges as a Promising Technology for Land Surveying
- Growing Use of Unmanned Aerial Vehicles and Drones for Surveying Purposes
- COVID-19 Gives Impetus to Drone Surveying
- Opportunities & Issues for UAV Technology in Surveying
- UAV Technology to Enable Creation of Customized 3D Maps
- Microdrones Bring New Capabilities to Surveying Market
- Artificial Intelligence (AI) to Revolutionize the Surveying Industry
- Cloud Technology Transforms Surveying and Mapping Services
- Data Storage in the Cloud
- 5G Network Technology to Ensure Faster & Better Access and Improved Accuracy for Surveyors
- Breakdown of Network Latency (in Milliseconds) by Network Type
- Popular Mapping and Surveying Technologies: An Overview
- Aerial Mapping
- Ground-Based Surveying
- Technology Trends Disrupting the Surveying Market
- Growing Use of LiDAR Technology in Surveying Industry
- Technological Trends Driving Growth in the Surveying and Mapping Services Market
- Climate Change and Focus on Sustainable Development Drives Need for Spatial Planning and Cadastral Management
FOCUS ON SELECT PLAYERS (Total 77 Featured)
- 40Seven Ltd.
- AECOM
- African Consulting Surveyors
- Alwarqa Survey Engineering
- American Surveying Inc.
- Apex Surveys, LLP
- Asia-Pacific Surveys Ltd.
- Blanchard Land Surveying
- Blom International Operations
- Cardno Limited
- Compass Surveying & Mapping, LLC
- Dynamic Map Platform Co., Ltd.
- Engemap
- Fugro N.V.
- Landpoint, LLC
- Mott MacDonald
- Multivista Systems LLC
- Stantec Inc.
- Surveying And Mapping, LLC
- Timmons Group, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/n4kric
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