Revenue from Surveying and Mapping Services is anticipated to reach US$ 13 Billion by the End of 2032
According to Fact.MR, a market research and competitive intelligence provider, the global surveying & mapping services market was worth US$ 9 billion in 2021 and is expected to expand at a CAGR of 3% during the forecast years of 2022-2032. The survey and mapping industry has significantly benefited from drone technologies, since UAVs are less expensive and more accessible as compared to traditional methods. Conventional surveying methods require rental aircraft and trained pilots, along with attached recording instruments, which is a costly and resource-intensive process. The introduction of UAVs has substantially created a future opportunity for surveying & mapping services to gather spatial information in a tighter structure. This also allows the collection of geospatial information with easy storage, processing, and sharing capabilities. For instance, in May 2022, PDRL, an India-based software company, introduced a SaaS platform – DroneNaksha – under the Svamitva Yojana sc