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    Geospatial Imagery Analytics Market Growth Analysis

    Geospatial Imagery Analytics Market Growth Analysis
    Report code - SR1176 Delivery - 2 Weeks
    Geospatial Imagery Analytics Market Size, Share, Trend, Forecast, & Industry &nda See more...

    Market Insights

    The geospatial imagery analytics market was estimated to grow from USD 9.55 billion in 2021 to USD 67.98 billion by 2028 at an impressive CAGR of 32.1% during the forecast period.

    Geospatial-imagery-analytics-market-size

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    What is Geospatial Imagery Analytics?

    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.

    Key Players

    Some of the key players in the geospatial imagery analytics market are-

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

    Market Dynamics

    Geospatial-imagery-analytics-market-snapshot

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    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 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.

    Segments Analysis

    By Analytics Type

    The market is segmented as image-based analytics and video-based analytics. The image-based analytics market is estimated to witness 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 modelling. 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.

    By Collection Medium Type

    The market is segmented as geographic information system (GIS), satellite imagery, and UAV. 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.

    By Application Type

    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.

    By Region

    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.

    Geospatial-imagery-analytics-market-region

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     Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Report - Features

    Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >130

    Company Profiles

    10

     

    The 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 
    • Europe
    • Asia-Pacific
    • Rest of the World

    Geospatial-imagery-analytics-market-segmentation

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    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.

    The following are the key features of the report:

    • Overview, industry life cycle and supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces & SWOT analysis
    • Trend and forecast analysis
    • Segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Market Features

    Market Size in 2028

    USD 67.98 billion

    Market Size in 2022

    USD 12.79 billion

    Market Growth (2022-2028)

    32.1% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Analytics Type (Image-based Analytics and Video-based Analytics),

    By Deployment Model Type (On-premise and Cloud),

    By Collection Medium Type (Geographic Information System (GIS), Satellite Imagery, and UAV),

    By Application Type (Agriculture, Construction, Mining, Oil & Gas, Telecom, Government, and Transportation & Logistics),

    By Region.

    Top Companies in 2022

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

    Dominant Region

    North America is estimated to be the largest market during the forecast period.

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

    The market is expected to grow at a CAGR of 32.1% during the forecast period.

    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 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.

    The geospatial imagery analytics market size is estimated to grow from USD 12.79 Bn in 2022 to USD 67.98 Bn by 2028.

    North America is estimated to be the largest market during the forecast period.

    The study period of the market is 2016-2028.

    AeroVironment Inc., Google LLC, Autodesk, Inc., Bentley Systems, Environmental Systems Research Institute, Inc. (ESRI), Fugro, General Electric Company, Geospatial Analytics, Inc., L3Harris Technologies, and Hexagon AB. are the key companies in the market.

    The geographic information system (GIS) segment has the largest share of the market during the estimated time.