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According to Fact.MR, a market research and competitive intelligence provider, the global surveying and mapping services market was worth US$9 billion in 2021 and is expected to expand at a CAGR of 3% during the forecast years of 2022-2032.
The survey and mapping industry has significantly benefited from drone technologies, because UAVs are less expensive and more accessible compared to traditional methods. Conventional surveying methods require rental aircraft and trained pilots, along with attached recording instruments — a costly and resource-intensive process. The introduction of UAVs has substantially created a future opportunity for surveying and mapping services to gather spatial information in a tighter structure. This also allows the collection of geospatial information with easy storage, processing and sharing capabilities.
For instance, in May 2022, India-based software company PDRL introduced a software-as-a-service platform — DroneNaksha — under the Svamitva Yojana scheme by the government of India for mapping land parcels using drone technology across the country. Similarly, in March 2022, Australia-based Emesent introduced Hovermap ST autonomous drone lidar mapping and surveying payload.
The integration of advanced technologies such as Wi-Fi, first-person view cameras, and GPS technology to make UAVs highly flexible and eliminate the need for a skilled pilot is expected to stimulate the demand for drones for survey and mapping activities, thereby driving market expansion.
Key Takeaways
- The global surveying and mapping services market is projected to expand at a CAGR of 3.4% and reach US$13 billion by 2032.
- Over the 2017-2021 historical period, the market evolved at 3.2% CAGR.
- Forestry and agriculture account for a leading share in the market at a valuation of US$1.80 billion in 2021.
- North America and East Asia account for leading shares in the global mapping services market at 24% and 32%, respectively.