Geospatial Imagery Analytics Market

Global Geospatial Imagery Analytics Market is valued at USD 9.1 Billion in 2021 and expected to reach USD 45.8 Billion by 2028 with a CAGR of 26.0 % over the forecast period.

Global Geospatial Imagery Analytics Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2029: Development in big data technology, increasing use of location-based services, and huge requirement of geospatial analytics for various  applications are some of the major factors driving the growth of the Global Geospatial Imagery Analytics Market.

Scope-

Geographic information system (GIS) data and pictures are collected, processed, and presented using geospatial imaging analytics. GPS and satellite images are also included. A complete system of solutions called geospatial imagery analytics delivers images—including video and picture data. The information aids various  businesses in implementing preventative and protective steps. Geographic information systems (GIS) and GPS are used by geospatial imagery analytics companies to gather information, collect data, and then provide it to end users. In order to obtain the most accurate earth data for customers, geospatial imagery analytics providers are investing in creating their own satellites. The primary factors driving the market's growth are the advancement of geographic information system (GIS) technology and the integration of geospatial data with existing technologies. Additionally, the industry is becoming profitable due to the increase in demand for geospatial data from the industrial, engineering, and construction sectors.

Supply networks were heavily disrupted by COVID-19, and certain economies' stability was seriously jeopardized. Despite this, during the shutdown there was a noticeable rise in demand for geospatial analytics products. Keeping a track of everyone's whereabouts became very essential in order to stop the virus  from spreading further. In addition, the manufacturing facilities were closed, which made it more difficult to manage and provide the required electrical components. In summary, the worldwide epidemic's early impacts on the geospatial imaging analytics market were finally overcome, and it is projected that this market would expand significantly throughout the time covered by the forecast.

The global Geospatial Imagery Analytics market is segmented based on the technology, analytics type, deployment type, end-use, and region & country level. Based on technology, the global Geospatial Imagery Analytics market is segmented into Geographical Information Systems (GIS), Global positioning Systems (GPS), Unmanned Aerial Vehicles (UAV’s), Remote Sensing, and Others. By analytics type, the market is segmented into Video Based and Image Based. By deployment type, the global Geospatial Imagery Analytics market is segmented into on-premise and cloud. By end-use, the global Geospatial Imagery Analytics market is segmented into government, defense & security, energy, utility & natural resources, environment monitoring, mining & manufacturing, engineering & construction, agriculture, insurance, healthcare & life sciences, and others.

The regions covered in the global Geospatial Imagery Analytics market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Geospatial Imagery Analytics is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players-

Some major key players for the global Geospatial Imagery Analytics market report cover prominent players like -

• Hexagon Ab
• Google
• Keyw Corporation
• Satellite Imaging Corporation
• Urthecast Corporation
• Geocento
• Digitalglobe
• Trimble
• Eos Data Analytics
• Microsoft
• Oracle
• L3Harris Corporatio
• ESRI
• others

Segmentation-

By Technology:

• Geographical Information Systems (GIS)
• Global positioning Systems (GPS)
• Unmanned Aerial Vehicles (UAV’s)
• Remote Sensing
• Others

By Analytics Type:

• Video Based
• Image Based

By Deployment Type:

• On-Premise
• Cloud

By End-use:

• Government
• Defense & Security
• Energy, Utility & Natural Resources
• Environment Monitoring
• Mining & Manufacturing
• Engineering & Construction
• Agriculture
• Insurance
• Healthcare & Life Sciences
• Others

By Regional & Country Level:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

Development in big data technology, increasing use of location-based services, and huge requirement of geospatial analytics for application are some of the major factors driving the growth of the global geospatial imagery analytics market growth

The market for geospatial analytics has seen demand as tiny satellite deployments for Earth observation in low Earth orbit (LEO) have increased. The tiny satellites have improved accessibility and cost-effectiveness for the imaging data. The consumers must cope with a significant flood of data, which increases the need for geospatial analytics. For instance, in January 2022, Earth imaging business Planet Labs PBC used Space X's Falcon 9 rocket to send 44 SuperDove satellites into orbit.

The frequency and amount of data gathering are rising rapidly with the development of geospatial technologies. The use of surveillance cameras and drones by companies to analyze and utilize video footage to support daily operations is a major contributor to the predicted rise in this market. Additionally, organizations provide video recording and analysis tools that are perfect for filming videos for mobile mapping surveys, post-mission mapping, and real-time reporting. The management of this enormous volume of data is the main difficulty faced by many enterprises throughout the world. Machines can analyze terabytes of geographical data and provide insightful results using Al and deep learning. Additionally, the integration of cutting-edge technologies with geospatial imaging techniques may provide governments and researchers information for managing pandemics, such as satellite photos.  Al helps systems recognize the illness outbreak in different regions.

5G and geospatial are inextricably intertwined. Governments can create better communities, concentrate on public services, and engage residents with the use of accurate location data. Furthermore, much of this location data must be accessible in real time as cities grow smarter. The higher frequencies needed for 5G have a very narrow range and are susceptible to interference from even the tiniest objects since they must transport enormous volumes of data. To draw foreign direct investments into their nations, several nations are developing 5G technology and infrastructure. Projects aimed at creating smart cities are mostly supported by geospatial technology. By using precise data from geospatial imaging and video analytics technology, it aids the public and government sectors in designing suitable infrastructure in the cities.

However, one of the most significant challenges confronting the Geospatial Imagery Analytics (GIA) Market is the widespread concern about security and privacy. This kind of system's utilization necessitates effective data transport. The major players and businesses will choose alternate methods as cyberattack incidents increase.

The North American region is anticipated to dominate the global geospatial image analytics market.

Geographically, North America dominated the global geospatial imagery analytics market, and it is anticipated that it will continue to do so during the forecast period due to the integration of geospatial technologies to big data, the internet of things, artificial intelligence (AI), and machine learning (ML) to enhance communication in this region. The rise of the regional market is facilitated by the existence of many industrialized economies, including Canada and the US, as well as the emphasis on innovations brought about by R&D and different technologies. The greatest market for geospatial image analytics tools is in North America, a region that produces a lot of data.

The Chinese government is investing in the creation of a spaceborne-airborne surveillance system to increase security, human health, and well-being and to improve the capabilities of nations, regions, and the world to react to catastrophes. In India, the logistics industry's new trend of "mobility as a service" is rapidly expanding. Morgan Stanley predicts that shared miles will account for 35% of all miles traveled in India. Along with a continuing tremendous transition in terms of electrification, sharing, and connectivity, this is one of the key potentials for the new business models in the mobility industries.

News-

Planet and Taylor Geospatial Institute collaborated, and research on food security, defense, and intelligence is anticipated to benefit from the data.

On September 14^th, 2022; With Saint Louis University, Planet and Taylor Geospatial Institute signed a multi-year agreement to support TGI, one of the top geospatial research collaborations. TGI, which brings together eight colleges and research institutions in the Midwest, strives to leverage geospatial science innovation and generate scientific advancements that solve global concerns. TGI makes it possible for researchers to investigate important topics relating to national security, geospatial health, and fundamental geospatial science and computing with access to our satellite data.

Maxar invests in Blackshark.ai, a provider of geospatial analytics services.

On April 21^st, 2022; In an attempt to expand the markets and consumers for further 3D geospatial solutions, Maxar Technologies made a significant investment in Blackshark.ai, a supplier of artificial intelligence-powered geospatial analytics services.

TerraScope Platform Launch Announced by Orbital Insight To Democratize Geospatial Intelligence

On November 29^th, 2022; The pioneer in geospatial intelligence, Orbital Insight announced the release of TerraScope, a platform for self-serve analytics. TerraScope, which is designed for automatic analysis of satellite images, phone, vehicle, truck, and ship positions, democratizes geospatial information by providing insightful data that can be put to use. The platform lowers adoption hurdles and streamlines the usage of location and earth observation data by non-technical and commercial users.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2021:	USD 9.1 Billion
Base year considered	2021
Forecast Period CAGR %:	26.0%
Market Size Expected in 2028:	USD 45.8 Billion
Tables, Charts & Figures:	175
Pages	300
Companies	Hexagon Ab, Google, Keyw Corporation, Satellite Imaging Corporation, Urthecast Corporation, Geocento, Digitalglobe, Trimble, Eos Data Analytics,  Microsoft, Oracle, L3Harris Corporation, ESRI, others.
Segments Covered	By Technology, By Analytics Type, By Deployment Type, By End-use
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa