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Western Europe Dominates The Global Surveying And Mapping Services Market
The global surveying and mapping industry was valued at $42.17 billion in 2017. Western Europe was the largest region in the surveying and mapping services market, accounting for nearly 30% market share.
The surveying and mapping industry comprises establishments primarily engaged in surveying and mapping services of the surface of the earth, including the sea floor. These services may include surveying and mapping of areas above or below the surface of the earth, such as the creating over ground and underground utility easements. Utility easements are areas of a property that are predefined for use by utility companies to construct and maintain electric, water, sewer, telephone, and cable television lines.
THE GLOBAL SURVEYING AND MAPPING SERVICES MARKET SIZE WAS VALUED AT AROUND $42 BILLION IN 2017
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In 2017, Western Europe was the largest region in the surveying and mapping services market, accounting for nearly 30% share in the market. The USA was the largest country in the market, accounting for almost one-fifth share in the market.
Surveying & Mapping Services Market Trend- Companies in the surveying and mapping services industry are using unmanned aerial vehicles (UAVs) and drones for faster and cost-efficient surveying. Instead of theodolites, infrared reflectors, and GPS, surveyors can now use drones that autonomously pilot with the push of a button. UAVs are an affordable alternative to field survey personnel, allowing companies to complete projects at a lower cost and with fewer staff. It also helps in capturing data that is more complete over the majority of a site thereby allowing onsite staff to focus on specific areas which may require on-the-ground detail acquisition. For instance, Meridian Surveying Engineering Inc., uses a drone which is managed by a certified pilot to quickly collect accurate site data.
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The surveying and mapping market is very fragmented with a large number of small players. Some of the major companies in the market are Fugro N.V., Secom Group, Stantec Inc., AECOM, and Surveying and Mapping LLC.
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