Geospatial Imagery Analytics Market Report

Market Insights

"The global geospatial imagery analytics market size was estimated at USD 9.55 billion in 2021 and is likely to grow at a CAGR of 32.1% during 2023-2028 to reach USD 67.98 billion in 2028."

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Geospatial imagery analytics gathers, processes, and displays geographic information system (GIS) data and images. They also include satellite photographs and GPS. They are typically used to design data conceptions for more precise demonstrating and forecasts of trends and geographic models.

Market Dynamics

Market Drivers

Rising demand for GIS services by businesses to understand customer preferences, use of geospatial analytics by enterprises to improve their informational decision-making, along with the increasing focus of government authorities on enhancing disaster management by analyzing data acquired by satellites and GIS for decreasing the effects of natural calamities are some of the major factors driving the market growth during the forecast period.

key Players

The following are the key players in the geospatial imagery analytics market (arranged alphabetically).

• AeroVironment Inc.
• Autodesk, Inc.
• Bentley Systems
• Environmental Systems Research Institute, Inc. (ESRI)
• Fugro
• General Electric Company
• Geospatial Analytics, Inc.
• Google LLC
• Hexagon AB
• L3Harris Technologies.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

Analytics Trends

"The image-based analytics segment accounted for the largest market share."

The geospatial imagery analytics market is segmented as image-based analytics and video-based analytics. The image-based analytics market is estimated to witness a strong growth rate, during the forecast period, owing to developments in satellite technology, which allows satellites to acquire high-resolution images. These high-resolution photos are proving to be an invaluable resource for geospatial assessment and modeling. On the other hand, video-based analytics is expected to witness significant growth due to the increased usage of drones and security cameras by businesses to analyze and use video footage to assist their everyday operations.

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Collection Medium Trends

"The geographic information system (GIS) segment accounted for the largest market share."

The market is segmented as geographic information systems (GIS), satellite imagery, and UAVs. The geographic information system (GIS) collection medium, is anticipated to be the leading segment of the market, over the forecast period, owing to an increase in the use of GIS in remote sensing applications. The UAV market is estimated to grow at a significant rate during the forecast period due to an increase in the use of drones for surveying.

Application Trends

"The agriculture segment accounted for the largest market share."

The market is segmented as agriculture, construction, mining, oil & gas, telecom, government, and transportation & logistics. The agriculture segment is expected to be the leading segment during the forecast period, owing to the introduction of drones and remote sensing platforms in agriculture to improve farming operations by analyzing geospatial data. In the agriculture industry, geospatial imaging analytics is assisting in ensuring crop safety and sensible use of natural resources.

Regional Insights

"North America accounted for the largest market share."

North America is estimated to be the leading region in the market owing to the increased investments in new satellite systems in the region. The expansion of the market is being fueled by the explosion of photography and videography services as a result of the increased use of drone technology to serve industrial clients in industries such as construction, agriculture, and disaster management. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s geospatial imagery analytics market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The geospatial imagery analytics market is segmented into the following categories.

By Analytics Type

• Image-based Analytics
• Video-based Analytics

By Deployment Model Type

• On-Premise
• Cloud

By Collection Medium Type

• Geographic Information System (GIS)
• Satellite Imagery
• UAV

By Application Type

• Agriculture
• Construction
• Mining
• Oil & Gas
• Telecom
• Government
• Transportation & Logistics

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation of any one of the collection medium types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.