Global Geomatics Market Insights Forecasts to 2032

• The Geomatics Market Size was valued at USD 7.35 Billion in 2022.
• The market is growing at a CAGR of 11.5% from 2023 to 2032
• The Worldwidde Geomatics Market is expected to reach USD 21.83 Billion by 2032
• Asia-Pacific is expected to grow the fastest during the forecast period

The Global Geomatics Market is expected to reach USD 21.83 Billion by 2032, at a CAGR of 11.5% during the forecast period 2023 to 2032.

Market Overview

Geomatics is a multidisciplinary field that integrates surveying, geographic information systems (GIS), remote sensing, and spatial analysis to collect, manage, analyze, and visualize geospatial data. Geomatics professionals utilize advanced technology, such as GPS, LiDAR, and drones, to capture precise location data and create digital maps, 3D models, and geospatial databases. These tools and techniques are applied in various sectors, including urban planning, natural resource management, environmental monitoring, agriculture, transportation, and disaster management. Geomatics plays a critical role in decision-making processes, allowing for better understanding of spatial relationships, patterns, and trends. With its wide-ranging applications, Geomatics is increasingly used in industries and research to support sustainable development, resource management, and informed decision-making at local, regional, and global scales.

Report Coverage

This research report categorizes the market for geomatics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the geomatics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the geomatics market.

Driving Factors

The geomatics market is being propelled by various drivers. These include the rising demand for precise geospatial information across diverse industries, advancements in geospatial analytics, AI, and IoT technologies, growing awareness of sustainable resource management, government initiatives and investments in geospatial infrastructure, adoption of geospatial solutions by industries, and the increasing proliferation of location-based services and applications. These factors are driving the growth of the geomatics market, as the significance of accurate geospatial data for decision-making, efficient resource management, and policy formulation becomes increasingly prominent. The combination of these drivers is expected to continue supporting the expansion of the geomatics market in the foreseeable future, as organizations and industries recognize the value of geospatial data in their operations and decision-making processes.

Restraining Factors

The restraints in the geomatics market include challenges such as limitations in satellite imagery resolution and coverage, complexities in data integration and interoperability, high costs associated with geospatial data acquisition and processing, regulatory and legal issues related to data privacy and security, and limited awareness and understanding of geospatial technologies among potential users. These restraints can impede the growth and adoption of geomatics solutions, hindering the market's expansion. Overcoming these challenges requires addressing technological, regulatory, and financial barriers, as well as increasing awareness and education about the benefits of geospatial technologies.

Market Segmentation

• In 2022, the software segment accounted for around 45.7% market share

On the basis of the product type, the global geomatics market is segmented into hardware, software, and services. The software segment is dominating the market with the largest market share in 2022. Software plays a crucial role in data processing, analysis, visualization, and interpretation, allowing users to extract valuable insights from geospatial data. With advancements in geospatial technologies, there has been a growing demand for sophisticated and feature-rich software solutions that can handle large and complex geospatial datasets. Additionally, geomatics software offers increased flexibility, scalability, and customization options, making it a preferred choice for various industries and applications. Moreover, the increasing adoption of cloud-based geospatial solutions and the integration of AI and IoT technologies in geomatics software has further fueled its dominance in the market.

• In 2022, the transport & logistics segment dominated with around 41.3% market share

Based on the end-use, the global geomatics market is segmented into transport and logistics, agriculture, construction, mining and geology, oil and gas, aerospace and defense, government, and others.  Out of this transport & logistics, plays a crucial role in the geomatics market, including route planning, fleet management, supply chain optimization, asset tracking, and cargo monitoring. Geospatial technologies enable precise and real-time tracking of vehicles, shipments, and assets, leading to enhanced operational efficiency, cost savings, and improved customer service. Furthermore, geomatics solutions are widely used in location-based services, such as navigation systems, tracking applications, and geofencing, which are integral to the transport and logistics industry. The adoption of geomatics in transport and logistics has increased due to the growing need for accurate and timely location-based information for efficient and optimized operations.

Regional Segment Analysis of the Geomatics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe dominated the market with over than 34.8% revenue share in 2022.

Europe has emerged as the dominant region in the geomatics market, holding the largest share. This can be attributed to several factors. Europe has a well-developed geospatial infrastructure, with advanced technologies and capabilities for data acquisition, processing, and analysis. The region has witnessed significant government investments in geospatial initiatives, such as INSPIRE (Infrastructure for Spatial Information in Europe), which promotes interoperability and harmonization of spatial data across European countries. Moreover, Europe has a strong presence of key players in the geospatial industry, including geomatics solution providers, data providers, and service providers. The region also has a high demand for geospatial information across various industries, including agriculture, transportation, environmental management, and urban planning. All these factors have contributed to Europe's dominant position in the geomatics market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global geomatics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Companies:

• Esri
• Trimble Inc.
• Hexagon AB
• Autodesk Inc.
• Bentley Systems, Inc.
• Leica Geosystems AG
• Topcon Corporation
• The Schneider Corporation
• Fugro N.V.
• Harris Geospatial Inc.
• SuperMap Software Co., Ltd.
• TomTom NV
• PASCO Corporation
• DigitalGlobe Inc.
• Teledyne Technologies Inc.

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Recent Developments                       

• In September 2022, CATALYST has announced its collaboration with Microsoft's AI for Earth initiative, which enables simplified access to earth data. Through this partnership, Microsoft is leveraging CATALYST's trusted scientific expertise to provide researchers and decision-makers worldwide with foundational, terrain-corrected Sentinel-1 imagery through the Planetary Computer platform. This collaboration has streamlined the process of accessing earth data and empowered users to utilize CATALYST's reliable science for various applications related to environmental research and decision-making.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global geomatics market based on the below-mentioned segments:

Geomatics Market, By Product

• Hardware
• Software
• Services

Geomatics Market, By End-User

• Transport and Logistics
• Agriculture
• Construction
• Mining and Geology
• Oil and Gas
• Aerospace and Defense
• Government
• Others

Geomatics Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa