Global GIS Market in Transportation Industry Report, 2016
Research and Markets has announced the addition of the “Global GIS Market in Transportation Industry 2012-2016” report to their offering.
The Global GIS market in the Transportation industry to grow at a CAGR of 12.64 percent over the period 2012-2016.
One of the major drivers in the market is the increased need for road and rail construction. As a result of urbanization and the increase in population, traffic is increasing across the globe, especially in developing countries. There is increased need for GIS in transportation to improve the efficiency of constructing railways and roads.
The shift toward LIDAR technology is a major trend affecting the Global GIS market in the Transportation industry. LIDAR technology uses laser light to sample the surface of the earth. It is used in airborne laser mapping applications. LIDAR technology has many advantages compared to the old photogrammetry technology. Photogrammetry technology is more expensive than LIDAR technology. Moreover, the output of LIDAR technology is more accurate than the photogrammetry method. Hence, it is used for transportation corridor mapping, which requires high spatial resolution and extremely high accuracy. As a result of these advantages, the surveying technologies used for GIS are being shifted from photogrammetry technology toward LIDAR technology.
Further, the report states that one of the major challenges in the market is the threat of the invasion of privacy. For instance, many governments have passed stringent regulations regarding the data provided in the GIS so that it cannot be used for any illegal activities.