PLSO July/August 2019

27 Professional Land Surveyors of Oregon | www.plso.org Featured Article Dublin, July17, 2019 (GLOBENEWSWIRE) — The “Surveying and Mapping Global Market Opportunities and Strategies To 2022” report has been added to ResearchAndMarkets.com’s offering. Surveying And Mapping Global Market Report 2019 provides the strategists, mar- keters and senior management with the critical information they need to assess the global surveying andmappingmarket. This report describes and evaluates the global surveying and mapping market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period. Growth in the historic period resulted from the growth in the global construc- tion industry and the rise in oil and gas industry activities. Factors that negative- ly affected growth in the historic period were shortages of skilled surveyors and the rise in competition in the market. Going forward, faster economic growth, technological advances in autonomous vehicles, and increasing demand for en- vironmental surveying will drive growth. Factors that could hinder the growth of this market in the future include the increasing financial costs and rising se- curity concerns. The surveying and mapping market is segmented by type of service into ca- dastral surveying, topographic surveying, hydrographic surveying, and other land surveying. The hydrographic surveying market was the largest segment of the surveying andmapping market in 2018 at 33.0%. The other land surveying services market is expected to be the fastest- growing segment going forward at a CAGR of 9.1%. Asia-Pacific was the largest market for surveying and mapping, accounting for 35.2% of the global market in 2018. It was followed by North America, Western Europe and then the other regions. Go- ing forward, Africa and the Middle East will be the fastest growing regions in this market, where growth will be at CAGRs of 13.9% and 13.2% respectively. These will be followed by Asia-Pacific and South America where the markets are expect- ed to grow at CAGRs of 9.3% and 7.3% respectively. The global surveying andmappingmarket is highly fragmented, with a large number of small players. The top ten competitors in the global surveying andmapping mar- ket made up 3.83% of the total market in 2018. Players in the market include John Secom Group, Fugro N.V., AECOM, Stan- tec Inc., and Mott MacDonald Limited. The global architectural, engineering con- sultants and other related servicesmarket, of which the surveying andmapping mar- ket is a segment, reached a value of nearly $1,438.7 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.1% since 2014. It will grow at a CAGR of 8.9% to nearly $2,024.7 billion by 2022. The surveying and mapping market was the fourth largest segment in the glob- al architectural, engineering consultants and other related services market in 2018, accounting for 2.6% of the total. The en- gineering services market was the largest segment of the architectural, engineering consultants and other related services market, accounting for 71.2% of the to- tal, worth $1,024.0 billion globally; this segment has grown at a CAGR of 9.6% during the historic period. It is expected to grow at a CAGR of 10.3% during the forecast period. The top opportunities in the global survey- ing and mapping market will arise in the topographic surveying segment which will gain $3.23 billion of global annual sales by 2022. The surveying andmapping market size will gain the most in China at $3.54 billion. Market-trend-based strategies for the surveying and mapping market include investments in unmanned aeri- al vehicles and drones, and the adoption of latest technological advances such as cloud technologies and 3D laser scan- ning technology. Player-adopted strategies in the sur- veying and mapping industry include partnerships with technological compa- nies to acquire innovative technology to generate high precision data, increases in business activities in the non-oil and gas industries, and acquisition and de- velopment of innovative technologies for better surveying and mapping results. To take advantage of the opportunities, it is recommended that the surveying and mapping companies consider adopting technological advances such as unmanned aerial vehicles (UAVs), cloud comput- ing technologies and 3D laser scanning, focusing on expanding through collabo- rations, and focusing on environmental groups, among other strategies. Companies Mentioned: AECOM Fugro N.V. Mott MacDonald Secom Group Stantec Inc. x For more information about this report visit https://www.researchandmarkets.com/r/y86vwk This report describes and evaluates the global surveying and mapping market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period. Growth in the historic period resulted from the growth in the global construction industry and the rise in oil and gas industry activities.