Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
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How Is The Geospatial Imagery Analytics Market Projected To Grow Over The Next Few Years?
The geospatial imagery analytics market size has expanded considerably in recent years. The market, valued at $14.73 billion in 2024, is set to grow to $18.49 billion in 2025, reflecting a compound annual growth rate (CAGR) of 25.5%. The historic period growth is largely a result of increasing demands for services such as location-based services, emergency response and disaster management, urban planning and smart cities development, environmental monitoring and conservation, and defense and intelligence applications.
The geospatial imagery analytics market is predicted to witness substantial growth in the coming years, expanding to $49.61 billion in 2029 at a CAGR of 28.0%. This forecasted growth is attributed to an increasing focus on climate change monitoring, infrastructure development projects, space tourism and exploration, global connectivity initiatives, healthcare and epidemiological studies, economic development and market intelligence, and efforts to combat illegal activities. Significant trends for the forecast period include advancements in satellite technology, developments in cloud-based geospatial analytics platforms, and applications in precision agriculture, urban planning and smart cities, environmental monitoring, and climate change analysis.
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Which Factors Are Driving The Growth of The Geospatial Imagery Analytics Market?
The driving force behind the geospatial imagery analytics market growth in the future is the increased demand for small satellites. These satellites, typically less than 100 kg, are used in imagery analytics to analyse small pieces of information across the globe with less cost, providing more reliable and accurate results in minutely detailed operations. Nearly 5,500 active satellites were in orbit as of spring 2022, according to the US-based Government Accountability Office. Estimates predict the launch of an additional 58,000 satellites by 2030. As a result, the demand surge for small satellites is propelling the growth of the geospatial imagery analytics market.
What Are The Major Segments Within The Global Geospatial Imagery Analytics Market?
1) By Type: Video-Based Analytics, Imagery Analytics
2) By Geospatial Technology: Global Positioning System (GPS), Geographical Information Systems (GIS), Remote Sensing (RS), Unmanned Aerial Vehicles (UAVs)
3) By Deployment Mode: Cloud, On-Premises
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
5) By Application: Agriculture, Mining And Manufacturing, Defense and Security, Energy, Utility, And Natural Resources, Government, Healthcare, Insurance, Other Applications
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Which Major Companies Are Operative In This Market?
Major companies operating in the geospatial imagery analytics market include Oracle Corporation, Hexagon AB,Environmental Systems Research Institute Inc.,TomTom NV, Trimble Inc., RMSI Private Limited,Planet Labs PBC,Maxar Technologies Holdings Inc.,L3Harris Technologies Inc., Google LLC., Zillion Info Tech Solutions Private Limited, Orbital Insight Inc., Mapidea Ltd., Satellite Imaging Corporation, Risk Management Solutions Inc., Fugro NV,onXmaps,GeoMoby, Pitney Bowes Inc., AAM Pty Ltd., Critigen LLC., MDA CORPORATION LTD., PrecisionHawk Inc.,Sparkgeo Consulting Inc.
What Are The Emerging Trends In The Market?
Technological advancements have emerged as a key trend in the geospatial imagery analytics market. Various companies are introducing innovative technologies to maintain their market positions, such as Google LLC’s launch of the ‘Geospatial Creator’ in May 2023. This powerful tool helps developers and creators seamlessly build and publish augmented reality experiences anchored in the real world using ARCore and Google Maps Platform technologies. This tool is set to enhance digital content visualization within the physical environment.
Which Region Dominated The Global Geospatial Imagery Analytics Market?
In 2024, North America was the largest region in the geospatial imagery analytics market, followed closely by Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
What Does The Geospatial Imagery Analytics Market Report 2025 Offer?
Geospatial imagery analytics refer to an analytical solution that provides images and videos of the earth. This analytical solution uses data collected from satellite images for examining urban planning, climate conditions, and disaster response management. Companies from different sectors utilize this data to develop contingency plans for future risks. It enables the gathering of critical information about natural phenomena and human activities occurring on the earth’s surface. The Geospatial Imagery Analytics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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