The global market for GIS is estimated to have significant CAGR of around 13.1% during the forecast period. The growth of the GIS market is driven by factors, such as growing urbanization coupled with increasing integration of smart infrastructure across the globe. There is a growing demand for navigation, positioning, mapping, and modeling due to growing complexity of cities as conglomerates of enclosed spaces. According to the United Nations, 54% of the urban population lives in the urban area in 2017, and It is expected to be 66% by 2050 which will be more than 6 billion people. Further, cohesive government policies such as a push for smart cities and smart homes will create ample opportunity for the global market. These projects are aimed to improve standards of living, local development, and harnessing technology to create smart outcomes for citizens. One of the major sectors that GIS can find application is in smart cities projects in emerging economies such as connected buses and connected railways. The integration of AI in technology is also expected to provide significant growth to the market shortly. For instance, Google has transformed Maps from a tool to aid in finding out the destination to a destination itself

 Segmental Outlook  

The global GIS  market is segmented based on product type, application and end-user. Based on the product type, the market is further classified into hardware and software & services. The hardware for GIS include imaging sensors, LiDAR, GIS collectors and antennas. Moreover, the software & services segment is projected to grow significantly during the forecast period. The market growth is mainly driven due to the growing application of GIS software and services in retail and transportation sector. Based on the application, the global GIS  market is further segmented into telematics and navigation, surveying, mapping, and others. On the basis of end-user the market is further classified into transportation & logistics, oil & gas, agriculture, energy & utilities, mining, construction, and others. 

 Global GIS  Market Share by Application, 2019(%)

Global GIS  market to be driven by Telematics and Navigation

Among application, the telematics and navigation segment held a considerable share in the market. The growing adoption of telematics and navigation systems such as GPS in transportation sector further provide significant growth to the segment. With the technological advancements in the satellite as well as air-to-ground network, navigation system has significant application in aviation industry. The use of GIS in aviation across the globe has a growing impact on increasing the safety and efficiency of global travel as well as profitability. With its accurate, continuous, and global capabilities, GIS offers seamless satellite navigation services that satisfy many of the requirements for aviation users. Space-based position and navigation enables 3D position determination for all phases of operations including departure, en route, arrival and airport surface movement. Virtually all of the evolving air traffic management systems rely on space-based navigation systems and software. 

Regional Outlook 

Geographically, the global GIS  market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Additionally, the growth in retail and transportation sector in emerging economies, such as China, and India has been witnessing a rise in demand for tracking and navigation systems which thereby is facilitating the growth of GIS in the Asia-Pacific.  

Global GIS  Market Growth, by Region 2020-2026

North America to hold a considerable share in the global GIS  market

Geographically, North America is projected to hold a significant market share in the global GIS  market. Major economies which are anticipated to contribute to the North America GIS  market are the US and Canada. The GIS market in the US has significant share due to the factors such as technological advancement in telecommunication technology and in the transportation sector. Such wide advancements further encourage the demand of navigation systems in smartphone, autonomous vehicles, and aviation and other industries that further propel the growth of the market in the country. Increasing smartphone penetration is contributing to the growth of the GIS market in the US. According to our world in data, smartphone penetration was about 68% in 2015. The smartphone penetration increased to 81% in 2019 that further provides ample opportunity to the market. 

Market Players Outlook

The key players in the GIS market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Autodesk, Inc., Environmental Systems Research Institute(ESRI), Inc., Trimble Inc., Hexagon AB, Topcon Corp., Maxar Technologies Inc., Bentley Systems, Inc., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global GIS  market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.