Geographic Information System Market in GNSS antenna segment to grow at 10% CAGR over 2018-2024 | Top Key Players include Trimble, Inc., Topcon Positioning Systems, Schneider Electric, Pitney Bowes, MDA, Hitachi, GE

Geographic Information System Market demand will be driven by rising usage of the GNSS technology in various applications, such as precision agriculture, marine, construction, and surveying. Global Navigation Satellite System (GNSS) antenna segment is estimated to exhibit an excellent growth at over 10% CAGR during the forecast timeline. As new signals and frequencies are being increasingly used in modernized GNSS, the antennas are expected to play a critical role in the proper functioning of the GNSS receivers.

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With location-based analytics and mapping forming an essential part of the future smart & sustainable technologies, geographic information system market is going a transformation of sorts in the recent times. Over the years, strong technological proliferation in geospatial services for remote sensing platforms and navigation have further accelerated the adoption of GIS solutions for obtaining critical information and real-time location data. With improved operational efficiency and enhanced decision-making, the advent of GIS technology has irrefutably brought a commendable transformation in the recent years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Trimble, Inc.
2. Topcon Positioning Systems
3. Schneider Electric
4. Pitney Bowes
5. MDA
6. Hitachi
7. Hexagon AB
8. Harris Corporation
9. GE
10. Esri
11. Bentley Systems
12. Autodesk
13. Geosoft Inc.

GIS technology is used in a broad range of application areas including urban planning, disaster management, construction, mining, and transportation. For instance, facility managers make use of the GIS tools to support a variety of information systems and business processes for the facility management functions such as route mapping, building condition assessment, and space use optimization. Advancements in GIS technologies, such as location-based data services, are also expected to fuel the market growth over the forecast period. Another factor contributing to the increasing uptake of the technology is the growing usage of cloud-based GIS platforms. The complexities related to storing and maintaining location-based data have accelerated the need to adopt cloud-GIS platforms for efficient data management, reduced cost, and improved productivity.

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The agricultural sector has now widely adopted GIS and spatial mapping technologies for better assessing crop conditions, weather, and topography related information. The rapid adoption of drones for precision farming and agricultural applications have furthered the demand for GIS, in turn favoring the business growth. Estimates in fact claims the global geographic information system market from the agriculture segment to register a healthy growth rate of 15% over 2018-2024.

The global geographic information system market is considerably thriving on the copious amount of geospatial information used by the government agencies for taking data-driven decisions on national & state welfare. The government sector is in fact seen increasingly investing in deploying GIS software across the military, defense, and aerospace for carrying out terrain analysis, crucial surveillance as well as reconnaissance operations, battle field management, and monitoring of possible activities of terrorism.

The competition in the geographic information system market is driven by various technological innovations in the geospatial industry for facilitating the acquisition of spatial data. Due to product development initiatives and partnerships adopted by the GIS providers, the competition in the GIS market is expected to intensify over the forecast timeline. For instance, in November 2017, Autodesk and Esri announced a strategic partnership for the amalgamation of their Building Information Management (BIM) and GIS mapping technologies to enable their shared customers to build a more connected infrastructure by synthesizing information from both the applications. In January 2017, TerraGo, a GIS & GPS software company based in the U.S., partnered with CompassTools to deliver advanced GIS & GPS data collection solutions. CompassTools helps customers to deploy custom TerraGo mobile data collection solutions with integrated support for hardware and software platforms including Trimble and Esri.

Browse key industry insights spread across 240 pages with 211 market data tables & 28 figures & charts from the report, Geographic Information System Market, in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/geographic-information-system-gis-market

North America is projected to account for a majority market share of around 35% by 2024. The geographic information system market growth is driven by the growth of the geospatial industry with the launch of new satellite navigation systems. For instance, in March 2018, NASA launched the next-generation weather satellites for the National Oceanic and Atmospheric Administration (NOAA). NOAA?s Geostationary Operational Environmental Satellite-S (GOES-S) provides more accurate and detailed data to track storm systems, lightning, wildfires, coastal fog, and other hazards that affect the western U.S. The extensive presence of the major market players, such as Esri and Autodesk, in the region is also expected to drive the GIS market growth between 2018 and 2024.

The Asia Pacific geographic information system market is projected to register an accelerated growth at a CAGR of over 15% during the forecast period. Increasing urbanization and government-led initiatives to support the development of smart cities are projected to increase the demand for the technology between 2018 and 2024. The government agencies in the region are also contributing to the development of the spatial industry by investing in private ventures and space startups. For instance, in March 2018, the Japanese government approved USD 940 million for the space startups that act as a key to the long-term growth of the nation?s space industry. This will further generate the demand for high-resolution GPS systems, receivers, and imaging sensors to capture and analyze the geospatial data in a better manner.

According to a report compiled by Global Market Insights, Inc., the global geographic information system market is estimated to be pegged at USD 4 billion in 2017, and is projected to hit a remuneration portfolio of USD 9 billion by 2024, depicting a 12% growth rate over the timeframe.

Some of the key players operating in the geographic information system market are Bentley Systems, Supermap, Pasco Corporation, Autodesk, Schneider Electric, Pitney Bowes, ESRI, General Electric, Trimble, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Harris Corporation, Hexagon, Hitachi Solutions, MDA Information Systems, and Unistrong.

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