Focus on Application, Solution, and Country - Analysis and Forecast 2022-2032
Geospatial Imagery Analytics Market
Forecast Period: 2022-2032
CAGR During Forecast Period: 2.90%
The study provides the reader with a detailed understanding of the different geospatial imagery analytics market by solution, and
The global geospatial imagery analytics market is estimated to reach $32.78 billion in 2032 from $24.25 billion in 2021.
1.1 Industry Outlook
1.1.1 Geospatial Imagery Analytics Market: Overview
1.1.2 Evolution of Integrated Domain Awareness Platform
1.1.3 Current Technological Trends
1.1.3.1 Imaging Capabilities
1.1.3.2 Artificial Intelligence (AI)/Machine Learning (ML)
1.1.3.3 3D Modeling/Digital Twin
1.1.3.4 LiDAR Technology
1.1.3.5 Small Satellites
1.1.4 Growing Deployment of Next-Gen ICT Capabilities
1.1.4.1 Big Data
1.1.4.2 Cloud Computing
1.1.4.3 Blockchain
1.1.5 Future of Geospatial Services Market
1.1.6 Key Geospatial Use Cases
1.1.6.1 Maritime
1.1.6.2 Agriculture
1.1.6.3 Defense
1.1.6.4 Healthcare
1.1.6.5 Oil and Gas
1.1.7 Start-Ups and Investment Scenarios
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Need for Data-Driven Decision Making
1.2.1.2 Increasing Threat Perception Related to Natural Disasters (Impact of Climate Change)
1.2.2 Business Challenges
1.2.2.1 Presence of Legacy Systems Delaying Integration with Next-Gen Solutions
1.2.2.2 Lack of Mutual Sharing of Data Across Regional Stakeholders
1.2.3 Business Strategies
1.2.3.1 Partnerships, Collaborations, Agreements, and Contracts
1.2.3.2 Mergers and Acquisitions
1.2.3.3 Others
1.2.4 Business Opportunities
1.2.4.1 Cheaper Geospatial Solutions for Small and Medium Enterprises
2.1 Global Geospatial Imagery Analytics Market (by Application)
2.1.1 Market Overview
2.1.1.1 Demand Analysis for Global Geospatial Imagery Analytics Market (by Application), Value
2.1.2 Aviation
2.1.3 Maritime
2.1.4 Agriculture and Forestry
2.1.5 Sustainability and Natural Resource Monitoring
2.1.6 Oil and Gas
2.1.7 Energy
2.1.8 Logistics/Shipping
2.1.9 Defense
2.1.10 Civil Government
2.1.11 Construction and Infrastructure Development
2.1.12 Healthcare
2.1.13 Surveying/Cartography
2.1.14 Disaster Management
2.1.15 Business Intelligence
2.1.16 Finance and Insurance
2.1.17 Mining
3.1 Global Geospatial Imagery Analytics Market (by Solution)
3.1.1 Market Overview
3.1.1.1 Demand Analysis for Global Geospatial Imagery Analytics Market (by Solution), Value
3.1.2 Data Acquisition
3.1.3 Data Processing
3.1.4 Analytics
3.1.5 Integrated Delivery Platform
4.1 Global Geospatial Imagery Analytics Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Manufacturers and Service Providers in North America
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Application
4.2.2.1 North America Geospatial Imagery Analytics Market (by Application)
4.2.3 North America (by Country)
4.2.3.1 U.S.
4.2.3.1.1 Market
4.2.3.1.1.1 Key Manufacturers and Service Providers in the U.S.
4.2.3.1.2 U.S. Geospatial Imagery Analytics Market
4.2.3.1.2.1 U.S. Geospatial Imagery Analytics Market
4.2.3.2 Canada
4.2.3.2.1 Market
4.2.3.2.1.1 Key Manufacturers and Service Providers in Canada
4.2.3.2.2 Canada Geospatial Imagery Analytics Market
4.2.3.2.2.1 Canada Geospatial Imagery Analytics Market
4.3 Europe
4.3.1 Market
4.3.1.1 Key Manufacturers and Service Providers in Europe
4.3.1.2 Business Drivers
4.3.1.3 Business Challenges
4.3.2 Application
4.3.2.1 Europe Geospatial Imagery Analytics Market (by Application)
4.3.3 Europe (by Country)
4.3.3.1 Germany
4.3.3.1.1 Market
4.3.3.1.1.1 Key Manufacturers and Service Providers in Germany
4.3.3.1.2 Germany Geospatial Imagery Analytics Market
4.3.3.1.2.1 Germany Geospatial Imagery Analytics Market
4.3.3.2 U.K.
4.3.3.2.1 Market
4.3.3.2.1.1 Key Manufacturers and Service Providers in the U.K.
4.3.3.2.2 U.K. Geospatial Imagery Analytics Market
4.3.3.2.2.1 U.K. Geospatial Imagery Analytics Market
4.3.3.3 France
4.3.3.3.1 Market
4.3.3.3.1.1 Key Manufacturers and Service Providers in France
4.3.3.3.2 France Geospatial Imagery Analytics Market
4.3.3.3.2.1 France Geospatial Imagery Analytics Market
4.3.3.4 Russia
4.3.3.4.1 Market
4.3.3.4.1.1 Key Manufacturers and Service Providers in Russia
4.3.3.4.2 Russia Geospatial Imagery Analytics Market
4.3.3.4.2.1 Russia Geospatial Imagery Analytics Market
4.3.3.5 Rest-of-Europe
4.3.3.5.1 Market
4.3.3.5.1.1 Key Manufacturers and Service Providers in the Rest-of-Europe
4.3.3.5.2 Rest-of-Europe Geospatial Imagery Analytics Market
4.3.3.5.2.1 Rest-of-Europe Geospatial Imagery Analytics Market
4.4 Asia-Pacific
4.4.1 Market
4.4.1.1 Key Manufacturers and Service Providers in Asia-Pacific
4.4.1.2 Business Drivers
4.4.1.3 Business Challenges
4.4.2 Application
4.4.2.1 Asia-Pacific Geospatial Imagery Analytics Market (by Application)
4.4.3 Asia-Pacific (by Country)
4.4.3.1 China
4.4.3.1.1 Market
4.4.3.1.1.1 Key Manufacturers and Service Providers in China
4.4.3.1.2 China Geospatial Imagery Analytics Market
4.4.3.1.2.1 China Geospatial Imagery Analytics Market
4.4.3.2 Japan
4.4.3.2.1 Market
4.4.3.2.1.1 Key Manufacturers and Service Providers in Japan
4.4.3.2.2 Japan Geospatial Imagery Analytics Market
4.4.3.2.2.1 Japan Geospatial Imagery Analytics Market
4.4.3.3 India
4.4.3.3.1 Market
4.4.3.3.1.1 Key Manufacturers and Service Providers in India
4.4.3.3.2 India Geospatial Imagery Analytics Market
4.4.3.3.2.1 India Geospatial Imagery Analytics Market
4.4.3.4 Rest-of-Asia-Pacific
4.4.3.4.1 Market
4.4.3.4.1.1 Key Manufacturers and Service Providers in the Rest-of-Asia-Pacific
4.4.3.4.2 Rest-of-Asia-Pacific
4.4.3.4.2.1 Rest-of-Asia-Pacific Geospatial Imagery Analytics Market
4.5 Rest-of-the-World
4.5.1 Market
4.5.1.1 Key Manufacturers and Service Providers in Rest-of-the-World
4.5.1.2 Business Drivers
4.5.1.3 Business Challenges
4.5.2 Application
4.5.2.1 Rest-of-the-World Geospatial Imagery Analytics Market (by Application)
4.5.3 Rest-of-the-World (by Region)
4.5.3.1 Middle East and Africa
4.5.3.1.1 Market
4.5.3.1.1.1 Key Manufacturers in the Middle East and Africa
4.5.3.1.1.2 Middle East and Africa Geospatial Imagery Analytics Market (by Application)
4.5.3.2 Latin America
4.5.3.2.1 Market
4.5.3.2.1.1 Key Manufacturers and Service Providers in Latin America
4.5.3.2.1.2 Latin America Geospatial Imagery Analytics Market (by Application)
5.1 Market Share Analysis
5.2 BlackSky Technology Inc.
5.2.1 Company Overview
5.2.1.1 Role of BlackSky Technology Inc. in the Global Geospatial Imagery Analytics Market
5.2.1.2 Product Portfolio
5.2.2 Corporate Strategies
5.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.3 Business Strategies
5.2.3.1 Mergers and Acquisitions
5.2.4 R&D Analysis
5.2.5 Analyst View
5.3 Capella Space
5.3.1 Company Overview
5.3.1.1 Role of Capella Space in the Global Geospatial Imagery Analytics Market
5.3.1.2 Product Portfolio
5.3.2 Corporate Strategies
5.3.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.3 Business Strategies
5.3.3.1 New Product Launches
5.3.4 Analyst View
5.4 Descartes Labs, Inc. (Antarctica Capital, LLC)
5.4.1 Company Overview
5.4.1.1 Role of Descartes Labs, Inc. (Antarctica Capital, LLC) in the Global Geospatial Imagery Analytics Market
5.4.1.2 Product Portfolio
5.4.2 Corporate Strategies
5.4.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.4.3 Business Strategies
5.4.3.1 Mergers and Acquisitions
5.4.4 Business Strategies
5.4.4.1 New Product Launches
5.4.5 Analyst View
5.5 EagleView Technologies, Inc.
5.5.1 Company Overview
5.5.1.1 Role of EagleView Technologies, Inc. in the Global Geospatial Imagery Analytics Market
5.5.1.2 Product Portfolio
5.5.2 Corporate Strategies
5.5.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.5.3 Business Strategies
5.5.3.1 New Product Launches
5.5.4 Analyst View
5.6 Esri
5.6.1 Company Overview
5.6.1.1 Role of Esri in the Global Geospatial Imagery Analytics Market
5.6.1.2 Product Portfolio
5.6.2 Corporate Strategies
5.6.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.6.3 Business Strategies
5.6.3.1 New Product Launches
5.6.4 Analyst View
5.7 GHGSat Inc.
5.7.1 Company Overview
5.7.1.1 Role of GHGSat Inc. in the Global Geospatial Imagery Analytics Market
5.7.1.2 Product Portfolio
5.7.2 Corporate Strategies
5.7.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.7.3 Business Strategies
5.7.3.1 New Product Launches
5.7.4 Analyst View
5.8 KSAT
5.8.1 Company Overview
5.8.1.1 Role of KSAT in the Global Geospatial Imagery Analytics Market
5.8.1.2 Product Portfolio
5.8.2 Corporate Strategies
5.8.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.8.3 Analyst View
5.9 L3Harris Technologies, Inc.
5.9.1 Company Overview
5.9.1.1 Role of L3Harris Technologies, Inc. in the Global Geospatial Imagery Analytics Market
5.9.1.2 Product Portfolio
5.9.2 Corporate Strategies
5.9.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.9.3 R&D Analysis
5.9.4 Analyst View
5.10 Maxar Technologies Inc.
5.10.1 Company Overview
5.10.1.1 Role of Maxar Technologies Inc. in the Global Geospatial Imagery Analytics Market
5.10.1.2 Product Portfolio
5.10.2 Corporate Strategies
5.10.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.10.3 Business Strategies
5.10.3.1 Mergers and Acquisitions
5.10.4 R&D Analysis
5.10.5 Analyst View
5.11 MDA Ltd.
5.11.1 Company Overview
5.11.1.1 Role of MDA Ltd. in the Global Geospatial Imagery Analytics Market
5.11.1.2 Product Portfolio
5.11.2 Corporate Strategies
5.11.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.11.3 R&D Analysis
5.11.4 Analyst View
5.12 Planet Labs PBC
5.12.1 Company Overview
5.12.1.1 Role of Planet Labs PBC in the Global Geospatial Imagery Analytics Market
5.12.1.2 Product Portfolio
5.12.2 Corporate Strategies
5.12.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.12.3 Analyst View
5.13 Satellogic
5.13.1 Company Overview
5.13.1.1 Role of Satellogic in the Global Geospatial Imagery Analytics Market
5.13.1.2 Product Portfolio
5.13.2 Corporate Strategies
5.13.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.13.3 Business Strategies
5.13.3.1 Mergers
5.13.4 Analyst View
5.14 Spire Global, Inc.
5.14.1 Company Overview
5.14.1.1 Role of Spire Global, Inc. in the Global Geospatial Imagery Analytics Market
5.14.1.2 Product Portfolio
5.14.2 Corporate Strategies
5.14.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.14.3 Business Strategies
5.14.3.1 Mergers and Acquisitions
5.14.3.2 New Product Launches
5.14.4 R&D Analysis
5.14.5 Analyst View
5.15 TomTom N.V.
5.15.1 Company Overview
5.15.1.1 Role of TomTom N.V. in the Global Geospatial Imagery Analytics Market
5.15.1.2 Product Portfolio
5.15.2 Corporate Strategies
5.15.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.15.3 R&D Analysis
5.15.4 Analyst View
5.16 VETRO, Inc.
5.16.1 Company Overview
5.16.1.1 Role of VETRO, Inc. in the Global Geospatial Imagery Analytics Market
5.16.1.2 Product Portfolio
5.16.2 Corporate Strategies
5.16.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.16.3 Analyst View
5.17 Other Key Players
5.17.1 Hexagon AB
5.17.1.1 Company Overview
5.17.2 SATPALDA
5.17.2.1 Company Overview
6.1 Growth Opportunities
6.1.1 Growth Opportunity: Agriculture Sector Tackling Climate Change
6.1.1.1 Recommendations
6.1.2 Growth Opportunity: Increasing Role of Geospatial Data in Disaster Management
6.1.2.1 Recommendations
7.1 Factors for Data Prediction and Modeling
Table 1: First Case
Table 2: Second Case
Table 3: Third Case
Table 4: First Case
Table 5: Second Case
Table 6: First Case
Table 7: Second Case
Table 8: First Case
Table 9: First Case
Table 10: Second Case
Table 11: Start-Ups and Investment Scenarios
Table 12: Partnerships, Collaborations, Agreements and Contracts, 2020-2022
Table 13: Mergers and Acquisitions, 2020-2022
Table 14: Others, 2020-2022
Table 15: Global Geospatial Imagery Analytics Market (by Application), $Million, 2021-2032
Table 16: Global Geospatial Imagery Analytics Market (by Solution), $Million, 2021-2032
Table 17: Global Geospatial Imagery Analytics Market (by Region), $Million, 2021-2032
Table 18: North America Geospatial Imagery Analytics Market (by Application), $Million, 2021-2032
Table 19: U.S. Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 20: Canada Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 21: Europe Geospatial Imagery Analytics Market (by Application), $Million, 2021-2032
Table 22: Germany Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 23: U.K. Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 24: France Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 25: Russia Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 26: Rest-of-Europe Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 27: Asia-Pacific Geospatial Imagery Analytics Market (by Application), $Million, 2021-2032
Table 28: China Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 29: Japan Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 30: India Geospatial Imagery Analytics Market, $Million, 2021-2032
Table 31: Rest-of-Asia-Pacific Geospatial Imagery Analytics Market (by Application), $Million, 2021-2032
Table 32: Rest-of-the-World Geospatial Imagery Analytics Market (by Application), $Million, 2021-2032
Table 33: Middle East and Africa Geospatial Imagery Analytics Market (by Application), $Million, 2022-2032
Table 34: Latin America Geospatial Imagery Analytics Market (by Application), $Million, 2022-2032
Table 35: BlackSky Technology Inc.: Product Portfolio
Table 36: BlackSky Technology Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 37: BlackSky Technology Inc.: Mergers and Acquisitions
Table 38: Capella Space: Product Portfolio
Table 39: Capella Space: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 40: Capella Space: New Product Launches
Table 41: Descartes Labs, Inc. (Antarctica Capital, LLC): Product Portfolio
Table 42: Descartes Labs, Inc. (Antarctica Capital, LLC): Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 43: Descartes Labs, Inc. (Antarctica Capital, LLC): Mergers and Acquisitions
Table 44: Descartes Labs, Inc. (Antarctica Capital, LLC): New Product Launches
Table 45: EagleView Technologies, Inc.: Product Portfolio
Table 46: EagleView Technologies, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 47: EagleView Technologies, Inc.: New Product Launches
Table 48: Esri: Product Portfolio
Table 49: Esri: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 50: Esri: New Product Launches
Table 51: GHGSat Inc.: Product Portfolio
Table 52: GHGSat Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 53: GHGSat Inc.: New Product Launches
Table 54: Kongsberg Satellite Services (KSAT): Product Portfolio
Table 55: KSAT: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 56: L3Harris Technologies, Inc.: Product Portfolio
Table 57: L3Harris Technologies, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 58: Maxar Technologies Inc.: Product Portfolio
Table 59: Maxar Technologies Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 60: Maxar Technologies Inc.: Mergers and Acquisitions
Table 61: MDA Ltd.: Product Portfolio
Table 62: MDA Ltd.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 63: Planet Labs PBC: Product Portfolio
Table 64: Planet Labs PBC: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 65: Satellogic: Product Portfolio
Table 66: Satellogic: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 67: Satellogic: Mergers
Table 68: Spire Global, Inc.: Product Portfolio
Table 69: Spire Global, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 70: Spire Global, Inc.: Mergers and Acquisitions
Table 71: Spire Global, Inc.: New Product Launches
Table 72: TomTom N.V.: Product Portfolio
Table 73: TomTom N.V.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 74: VETRO, Inc.: Product Portfolio
Table 75: VETRO, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Figure 1: Global Geospatial Imagery Analytics Market, $Million, 2021-2032
Figure 2: Global Geospatial Imagery Analytics Market (by Application), $Million, 2021 and 2032
Figure 3: Global Geospatial Imagery Analytics Market (by Solution), $Million, 2021 and 2032
Figure 4: Global Geospatial Imagery Analytics Market (by Region), $Million, 2032
Figure 5: Geospatial Imagery Analytics Market Coverage
Figure 6: Global Geospatial Imagery Analytics Market, Business Dynamics
Figure 7: Share of Key Business Strategies and Developments, January 2020-August 2022
Figure 8: Global Geospatial Imagery Analytics Market Share Analysis (by Company), 2021
Figure 9: BlackSky: R&D Analysis, $Million, 2020-2021
Figure 10: L3Harris Technologies, Inc.: R&D Analysis, $Million, 2020-2021
Figure 11: Maxar Technologies Inc.: R&D Analysis, $Million, 2019-2021
Figure 12: MDA Ltd.: R&D Analysis, $Million, 2020-2021
Figure 13: Spire Global, Inc.: R&D Analysis, $Million, 2020-2021
Figure 14: TomTom N.V.: R&D Analysis, $Million, 2019-2021
Figure 15: Research Methodology
Figure 16: Top-Down and Bottom-Up Approach
Figure 17: Assumptions and Limitations
|
Geospatial Imagery Analytics Market |
|||
|
Base Year |
2021 |
Market Size in 2021 |
$24.25 Billion |
|
Forecast Period |
2022-2032 |
Value Projection and Estimation by 2032 |
$32.78 Billion |
|
CAGR During Forecast Period |
2.90% |
Number of Tables |
75 |
|
Number of Pages |
164 |
Number of Figures |
17 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company's coverage, product portfolio, and market penetration.
The top segment players leading the market include established players of geospatial imagery analytics, who constitute 40% of the presence in the market. Other players include start-up entities that account for approximately 60% of the presence in the market.
Some prominent names established in this market are:
• BlackSky Technology Inc.
• Capella Space
• Descartes Labs, Inc. (Antarctica Capital, LLC)
• EagleView Technologies, Inc.
• Esri
• GHGSat Inc.
• KSAT
• L3Harris Technologies, Inc.
• Maxar Technologies Inc.
• MDA Ltd.
• Planet Labs PBC
• Satellogic
• Spire Global, Inc.
• TomTom N.V.
• VETRO, Inc.
Product/Innovation Strategy: The product segment helps the reader understand the different solutions of the geospatial imagery market available for the management of geospatial data globally. Moreover, the study provides the reader with a detailed understanding of the different geospatial imagery analytics market by solution, and by application.
Growth/Marketing Strategy: The global geospatial imagery analytics market has seen major development by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracted to strengthen their position in the global geospatial imagery analytics market. For instance, in May 2022, Maxar Technologies Inc. received a contract from National Reconnaissance Office (NRO) to provide commercial imagery for Electro-Optical Commercial Layer (EOCL) program. Maxar would provide high-resolution commercial imagery for 10 years to U.S. government missions in this contract.
Competitive Strategy: Key players in the global geospatial imagery analytics market analyzed and profiled in the study involve geospatial solutions providers. Moreover, a detailed competitive benchmarking of the players operating in the global geospatial imagery analytics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Global Geospatial Imagery Analytics Market Overview
The global geospatial imagery analytics market is estimated to reach $32.78 billion in 2032 from $24.25 billion in 2021, at a growth rate of 2.90% during the forecast period 2022-2032. Geospatial imagery analytics companies have witnessed a significant demand for applications such as disaster management, agriculture, cartography, and natural resources survey.
Market Lifecycle Stage
Geospatial data analytics has a long history since it started in the 1960s and was first used by Canada to use geographic information systems (GIS) to create a map-based inventory of natural resources. The first automated process of collecting geospatial data was developed by collaborating with IBM programmers for Canadian territory.
Today, the geospatial analytics market has changed significantly, and geospatial analytics has diverse applications. It is used for data collection, understanding the relationship between multiple data sources to analyze the trend, and accurate predictions. Geospatial analytics has spread over various applications such as weather monitoring, surveillance, urban planning, and disaster management. Geospatial imagery analytics have depended more on imagery from multiple sources, such as satellites, aerial vehicles, and aircraft.
Furthermore, the rise in the deployment of small satellites for Earth observation in low Earth orbit (LEO) has generated demand in the geospatial analytics market. The small satellites have made the imagery data more accessible and cost-effective. So, the users are dealing with a large influx of data, raising the demand for geospatial analytics. For instance, in January 2022, Planet Labs PBC, an Earth-imaging company, launched 44 SuperDove satellites onboard Space X’s Falcon 9 rocket.
Global Geospatial Imagery Analytics Market, $Million, 2021-2032
Impact
• The increase in adoption of artificial intelligence (AI) and machine learning (ML) for geospatial data analytics platforms has placed a high demand for the geospatial imagery market during the forecast period.
• Furthermore, rising in small-satellite deployment provides high-resolution, low-cost, and quick imagery delivery.
Market Segmentation:
Segmentation 1: by Application
• Aviation
• Maritime
• Agriculture and Forestry
• Sustainability and Natural Resource Monitoring
• Oil and Gas
• Energy
• Logistics/Shipping
• Defense
• Civil Government
• Construction and Infrastructure Development
• Healthcare
• Surveying/Cartography
• Disaster Management
• Business Intelligence
• Finance and Insurance
• Mining
Based on application, the global geospatial imagery analytics market is expected to be dominated by the construction and infrastructure development segment during the forecast period. This is due to increased demand for geospatial technologies in applications such as 3D modeling, digital twin, and urbanization of cities.
Segmentation 2: by Solution
• Data Acquisition
• Data Processing
• Analytics
• Integrated Delivery Platform
Based on Solution, the global geospatial imagery analytics market is expected to be dominated by the analytics segment during the forecast period. This is due to the increasing size of data sets from multiple sources requiring more efficient analytics to understand the data.
Segmentation 3: by Region
• North America - U.S., Canada
• Europe - France, Germany, Russia, U.K., and Rest-of-Europe
• Asia-Pacific - China, India, Japan, and Rest-of-Asia-Pacific
• Rest-of-the-World - the Middle East and Africa and Latin America
Europe accounted for the highest share of 29.88% in the global geospatial imagery analytics market by value in 2021, owing to a significant number of companies based in the region.
Recent Developments in Global Geospatial Imagery Analytics Market
• In September 2022, Satellogic signed a three-year agreement with the Government of Albania to build a dedicated constellation. The company's high-quality imagery will resolve Albania's significant issues, such as illegal construction, illegal crops, traffic management, wildlife monitoring, and border security.
• In September 2022, TomTom N.V. signed a partnership with Hyundai Motor Group (HMG) to provide its maps and real-time traffic data. HMG will use TomTom’s high-quality maps for its entire Europe vehicle lineup.
• In August 2022, Esri signed a renewed partnership with the National Technical Information Service (NTIS) of the US Department of Commerce. As per this partnership, NTIS would be able to access geospatial data in order to analyze and support government agencies in enhanced decision-making capabilities.
• In August 2022, BlackSky Technology Inc. received a contract from NASA to evaluate the quality of the company’s imaging data services for the Commercial Smallsat Data Acquisition (CSDA) Program. The company would provide its dawn-to-dusk imagery data for NASA’s Earth science mission.
Demand - Drivers and Limitations
Following are the drivers for the global geospatial imagery analytics market:
• Increasing Need for Data-Driven Decision Making
• Increasing Threat Perception Related to Natural Disasters (Impact of Climate Change)
Following are the challenges for the global geospatial imagery analytics market:
• Presence of Legacy Systems Delaying Integration with Next-Gen Solutions
• Lack of Mutual Sharing of Data Across Regional Stakeholders
Following are the opportunities for the global geospatial imagery analytics market:
• Cheaper Geospatial Solutions for Small and Medium Enterprises
Analyst Perspective
According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, "The rising demand for geospatial imagery analytical services across multiple industries such as environmental monitoring, agriculture, energy, defense, business intelligence, finance, construction and infrastructure, and oil and gas will drive business opportunities for the key players in the geospatial imagery analytics market. Hence, the market is expected to grow significantly during the forecast period 2022-2032."
The key technological trends in the global geospatial imagery analytics market include imaging capabilities, artificial intelligence (AI)/machine learning (ML), 3D modeling/digital twin, LiDAR technology, and small satellites.
The global geospatial imagery analytics market has seen major development by key players operating in the market, such as business expansion activities, contracts, partnerships, collaborations, mergers and acquisitions, and joint ventures. According to BIS Research analysis, the majority of the companies preferred collaborations, contracts, and agreements as a strategy to further increase their growth in the global geospatial imagery analytics market. Companies such as BlackSky Technologies, Esri, KSAT, L3Harris Technologies, Inc., and Maxar Technologies Inc. have adopted contract, collaboration, and agreement strategies.
New satellite imagery providers can enhance their satellite constellation to provide multi-sensor imagery data, such as synthetic aperture radar (SAR) and optical imagery. Furthermore, the analytics providers can work on enhancing AI/ML use in their integrated software platforms. Also, new market participants can work on providing real-time monitoring capabilities, which will be critical for sustainable growth opportunities.
The following can be seen as some of the USPs of the report:
· A dedicated section focusing on the futuristic trends adopted by the key players operating in the global geospatial imagery analytics market
· A dedicated section on growth opportunities and recommendations
· A qualitative and quantitative analysis of the geospatial imagery market based on the application at the regional and country-level granularity by application segments
· More than 800 companies are considered for market estimation.
Companies that provide geospatial imagery services, and also small and medium enterprises, governments, and different industry users, should buy this report.
The global satellite Earth observation data and value-added services market is expected to...
Focus on Application, Solution, and Country - Analysis and Forecast 2022-2032
Try Our Research Calculator