India remains a small player when it comes to filing geospatial technology patents, despite government attempts, including a comprehensive policy in 2022.
According to industry data, 140 geospatial patents were filed from India in 2022, which was just 0.2 per cent of the 66,400 total patents from the country that year, the latest period for which data is available.
Tapping the potential holds significance as industry estimates peg the market size of geospatial tech at over $450-651 billion globally by 2025. Geospatial technology refers to tools and systems that help map the earth’s surface, understand societies, and interpret spatial patterns.