
North America Geographic Information System Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 150 | Report Code: BMIRE00031989 | Category: Technology, Media and Telecommunications
No. of Pages: 150 | Report Code: BMIRE00031989 | Category: Technology, Media and Telecommunications
The North America geographic information system market size is expected to reach US$ 6,316.30 million by 2031 from US$ 3,567.59 million in 2023. The market is estimated to record a CAGR of 7.4% from 2023 to 2031.
The US, Canada, and Mexico are the economies in North America. The expansion of aircraft fleets across the region primarily drives the flight planning software industry in North America. Additionally, the growing aviation industry in countries such as the US and Canada drives the flight planning software market. The aviation industry is one of the most notable industries in the US. According to data released by Airlines for America in 2023, commercial aviation accounted for 5% of US GDP and US$ 1.37 trillion in 2023. In addition to the rise in air passenger traffic, government initiatives to increase aircraft fleets in defense and commercial aviation sectors are expected to fuel the demand for flight management solutions such as flight planning software during the forecast period. According to The Insight Partners analysis, in 2023, North America had a fleet of more than 8,000 operational commercial aircraft, which is expected to reach ~10,000 by the end of 2033. Such a large number of operating commercial aircraft will further generate the demand for flight planning software in the region. Additionally, the increase in the number of aircraft fleets across North America is expected to increase the need for flight planning software solutions for applications, including flight route optimization, flight scheduling, reduced fuel consumption, and weather forecasting. Furthermore, one of the factors boosting the flight planning software market is the continued emphasis on increasing regulations related to the safety and security of travelers in the region.
North America Geographic Information System Market Strategic Insights
North America Geographic Information System Market Segmentation Analysis
Key segments that contributed to the derivation of the North America geographic information system market analysis are component, function, and end user.
Geographic information system is widely used for the accurate forecasting of storms, hurricanes, and excessive rains. It plays an important role in predicting and mitigating the impact of such natural disaster events by offering essential spatial data, images, and analysis. According to the USA Facts Organizations, in the US, more than 65,000 natural disasters are recorded every year. The US government uses advanced GIS solutions to predict and forecast natural disaster events. From 1980 to 2023, the US recorded and sustained more than 400 weather and climate-related natural disasters, and the overall damage cost exceeded US$ 2.78 trillion. In November 2024, ~24 confirmed weather-related natural disaster events were recorded that cost more than US$ 1 billion. These natural events include one wildfire event, seventeen severe storm events, four tropical cyclone events, and two winter storm events. Thus, the need for forecasting natural disasters fuels the growth of the geographic information system market growth.
Based on country, the North America geographic information system market comprises the US, Canada, and Mexico. The US held the largest share in 2023.
The US is witnessing a rise in the number of oil and gas projects. GIS is used for monitoring and predicting potential geohazards in the oil and gas industry. As per the article published by the NES Fircroft in January 2021, a few of the major oil and gas projects are the Alaska LNG Liquefaction Plant Project (Cost: US$ 43 billion, Location: Alaska, US); Cameron LNG Liquefaction Plant (Cost: US$ 10.2 billion, Location: Louisiana, US); Corpus Christi LNG Liquefaction Plant Project (Cost: US$ 24.5 billion, Location: Texas, US); Driftwood LNG Project (Calcasieu Parish LNG Liquefaction Plant) (Cost: US$ 16 billion, Location: Louisiana, US); and Main Pass Energy Hub (MPEH) LNG Export Terminal (Cost: US$ 15 billion, Location: Louisiana, US); among others.
According to ITA, the US will remain the leading market owing to factors such as a large consumer market, available infrastructure, open investment policy, strong research and development capabilities, automotive production, and local and state government incentives. GIS platforms enable traffic management modifications for the different vast road networks available in the country. In addition, the US is witnessing tremendous growth in its construction industry. According to the US Census Bureau, as of August 2024, the residential construction spending of the US was ~US$ 911,429 million and the non-residential construction spending was US$ 1,220,507 million. GIS is widely used in site analysis, infrastructure planning, and project management. Therefore, the geographic information system market in the US is growing owing to the growth of the oil and gas, transportation, and construction industries.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 3,567.59 Million |
Market Size by 2031 | US$ 6,316.30 Million |
Global CAGR (2023 - 2031) | 7.4% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Some of the key players operating in the market Autodesk Inc; Topcon Corp; Caliper Corp; SuperMap Software Co Ltd; Hi-Target; Precisely; Maxar Technologies Inc; Trimble Inc; AmigoCloud Inc; Bentley Systems Inc; Hexagon AB; Cadcorp Limited; Spatialworks Sdn Bhd.; Environmental Systems Research Institute, Inc.; Blue Marble Geographics; TomTom International B.V.; FARO Technologies Inc; L3Harris Technologies Inc; Başarsoft Bilgi Teknolojileri A.Ş.; and Carto, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The North America Geographic Information System Market is valued at US$ 3,567.59 Million in 2023, it is projected to reach US$ 6,316.30 Million by 2031.
As per our report North America Geographic Information System Market, the market size is valued at US$ 3,567.59 Million in 2023, projecting it to reach US$ 6,316.30 Million by 2031. This translates to a CAGR of approximately 7.4% during the forecast period.
The North America Geographic Information System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Geographic Information System Market report:
The North America Geographic Information System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Geographic Information System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Geographic Information System Market value chain can benefit from the information contained in a comprehensive market report.