LONDON, May 13, 2019 (GLOBE NEWSWIRE) -- The surveying and mapping market consist of sales of surveying and mapping services by entities that provide surveying and mapping services. Surveying and mapping involve measurement of the earth’s surface including the sea floor, layout and measurement of project facilities, and preparation of maps.
The global surveying and mapping market reached a value of nearly $38.1 billion in 2018, having grown at a compound annual growth rate (CAGR) of 3.9% since 2014.
Going forward, faster economic growth, technological advances in autonomous vehicles, and increasing demand for environmental surveying will drive growth. Factors that could hinder the growth of this market in the future include the increasing financial costs and rising security concerns.
The top opportunities in the global surveying and mapping market will arise in the topographic surveying segment which will gain $3.23 billion of global annual sales by 2022. The surveying and mapping market size will gain the most in China at $3.54 billion. Market-trend-based strategies for the surveying and mapping market include investments in unmanned aerial vehicles and drones, and the adoption of latest technological advances such as cloud technologies and 3D laser scanning technology. Player-adopted strategies in the surveying and mapping industry include partnerships with technological companies to acquire innovative technology to generate high precision data, increases in business activities in the non-oil and gas industries, and acquisition and development of innovative technologies for better surveying and mapping results
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Companies in the surveying and mapping market are increasingly offering simple, flexible, and robust end-to-end data solutions to the customers. The companies are expected to significantly increase investments in secured and flexible data systems.
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