DUBLIN--(BUSINESS WIRE)--Jun 10, 2021--
The "Geospatial Solutions - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Geospatial Solutions estimated at US$264.3 Billion in the year 2020, is projected to reach a revised size of US$603.3 Billion by 2027, growing at a CAGR of 12.5% over the analysis period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record a 12.6% CAGR and reach US$264.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 13.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $78 Billion, While China is Forecast to Grow at 12.1% CAGR
The Geospatial Solutions market in the U.S. is estimated at US$78 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$105.5 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Services Segment to Record 10.2% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 10.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$47.5 Billion in the year 2020 will reach a projected size of US$93 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$71.5 Billion by the year 2027.
Select Competitors (Total 34 Featured):
- Geospatial Corporation
- Harris Corporation
- Here Technologies
- Hexagon Geospatial
- Maxar Technologies
- Pitney Bowes
- Topcon Positioning Systems
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/4gin1v
View source version on businesswire.com:https://www.businesswire.com/news/home/20210610005538/en/
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INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SATELLITE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 06/10/2021 08:08 AM/DISC: 06/10/2021 08:08 AM