- May 23, 2006
- Posted by: EARSC
- Categories: EARSC News, Internationalization
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The land information systems and cadastral mapping in India is estimated to grow at a CAGR of 200 per cent in the next four years. The market estimates for these services amount to Rs 12 crore for the year 2005, while it is estimated to touch Rs 576 crore by 2010. Along with land information systems, transportation sector is estimated to grow by a CAGR of 40 per cent per annum in the next five years. The figure for 2005 is Rs 10 crore, and is tipped to touch Rs 53 crore by 2010.
The growth in the usage of spatial technologies in the land information systems and education sector, along with various other segments has been brought forward in the first ever Indian Geospatial Industry Survey Report, slated for a May 25 release in Bangalore.
The report highlights the domestic market estimates for these services in India amounts to about Rs 562 crore in FY 2005. The market for these services is expected to grow at a CAGR of 17.57 per cent annually and reach Rs 1824.98 crore by year 2010. The key driver for this increased growth is the expected investments in land information systems (ILIS) in several states of the country. It also provides an optimistic overview inasmuch as the total market in our country (domestic and exports markets) is expected to record a potential growth from Rs 962 crore in the year 2005 to Rs 2820.30 crore at a CAGR of 14.5 per cent.
Considering the need for consolidating reliable and accurate information relating to Geospatial Industry and user of the technology, the first ever Geospatial Industry Survey was initiated by Geospatial Today and Spatial India, in association with Antrix Corporation and Survey of India. Across India, about 600 agencies (both users and Geospatial companies) have participated in this survey.
The report focuses on different parts of Geospatial Industry including Geospatial data, services (including remote sensing), products and export of Geospatial services from India.
Market estimates for the utility services amount to about Rs 40 crore in FY 2005 and it is expected to grow at CAGR 25 per cent and touch Rs 122 crore by 2010. The market estimates for communications touched Rs 48 crore in FY 2005 and is expected to grow at CAGR 12 per cent per annum to touch Rs 84 crore. Usage of Geospatial services in education is increasing manifold and is expected to grow by 8 per cent per annum to touch Rs 59 crore by 2010. Financial Year 2005 had a contribution of Rs 40 crore from this segment. Urban development and planning is one area where Geospatial technologies hold immense potential. The major users of urban planning services in India include ministry of urban development, municipal corporations and municipalities across various cities and towns, state government departments related to municipal administration.
FY2005 registered Rs 20 crore in this sector, which is expected to grow by CAGR of 20 per cent annually.
In India, land use mapping can be used extensively in agriculture and urban areas. The users of these services include ministry of rural development, ministries of agriculture and state government departments including land revenue.
The market estimates for these services in India amount to about Rs 12 crore in FY 2005. It is estimated to grow at a CAGR of 200 per cent to touch Rs 576 crore by 2010.
India has emerged as a major data conversion centre for Geospatial services. Firms from the US, Europe, Japan and Australia have either started operating directly or are subcontracting work to Indian firms. This has created enormous employment opportunities in this sector. Most of these firms are currently engaged in data conversion. In FY 2005, this sector marked Rs 720 crore with an expected growth rate of 20 per cent.
The report added that Geospatial technology has gained acceptance in the country as an effective decision-making tool. The need for the availability of accurate data is also fairly acknowledged. More and more government agencies such as Survey of India, National Informatics Centre, Geological Survey of India, NATMO, NRSA and others have realised that this technology can provide them the tool to address the increasing demand for data availability.
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