The Business Research Company’s report on the Geospatial Imagery Analytics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the geospatial imagery analytics market’s growth in recent years?
The increase in demand for small satellites is expected to drive the growth of the geospatial imagery analytics market going forward. The small satellites are usually less than 100 kg, or the size of suitcases. These satellites are used in imagery analytics for analyzing small pieces of information across the globe with less cost, and more reliable and accurate results in minute operations. For instance, in September 2022, according to the Government Accountability Office, a US-based government agency, there were almost 5,500 active satellites in orbit as of spring 2022, and one estimate predicts the launch of an additional 58,000 by 2030. Thus, the upsurge in demand for small satellites drives the geospatial imagery analytics market growth.
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How does the future projection of the geospatial imagery analytics market size compare to its historical growth?
The geospatial imagery analytics market size has grown exponentially in recent years. It will grow from $14.73 billion in 2024 to $18.49 billion in 2025 at a compound annual growth rate (CAGR) of 25.5%. The growth in the historic period can be attributed to demand for location-based services, emergency response and disaster management, urban planning and smart cities development, environmental monitoring and conservation, defense and intelligence applications.
The geospatial imagery analytics market size is expected to see exponential growth in the next few years. It will grow to $49.61 billion in 2029 at a compound annual growth rate (CAGR) of 28.0%. The growth in the forecast period can be attributed to focus on climate change monitoring, infrastructure development projects, space tourism and exploration, global connectivity initiatives, healthcare and epidemiological studies, economic development and market intelligence, efforts to combat illegal activities. Major trends in the forecast period include advancements in satellite technology, cloud-based geospatial analytics platforms, application in precision agriculture, urban planning and smart cities, environmental monitoring and climate change analysis.
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Which key players are shaping the future of the geospatial imagery analytics 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,GeoMoby, Pitney Bowes Inc., AAM Pty Ltd., Critigen LLC., MDA CORPORATION LTD., PrecisionHawk Inc.,Sparkgeo Consulting Inc.
What trends will propel the growth and evolution of the geospatial imagery analytics market?
Technological advancements have emerged as the key trend gaining popularity in the geospatial imagery analytics market. Major companies operating in geospatial imagery analytics are introducing new technological innovations to sustain their position in the market. For instance, in May 2023, Google LLC, a US-based software company launched Geospatial Creator. This is a powerful tool designed to enable developers and creators to effortlessly build and publish augmented reality (AR) experiences anchored in the real world. It leverages ARCore and Google Maps Platform technologies, allowing users to create immersive content in just minutes, without requiring extensive coding skills. The tool utilizes high-resolution 3D tiles that provide a realistic representation of the selected area. This feature allows creators to visualize their digital content within the physical environment accurately.
Which regions are expected to become dominant players in the geospatial imagery analytics market?
North America was the largest region in the geospatial imagery analytics market in 2024. The regions covered in the geospatial imagery analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the geospatial imagery analytics market, and how are they evolving?
The geospatial imagery analytics market covered in this report is segmented –
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
Subsegments:
1) By Video-Based Analytics: Real-time Video Processing, Object Detection And Tracking, Pattern Recognition, Event Detection
2) By Imagery Analytics: Satellite Imagery Analysis, Aerial Imagery Analysis, Drone Imagery Analysis, Multispectral And Hyperspectral Imagery Analysis
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How is the geospatial imagery analytics market defined, and what are its core characteristics?
Geospatial imagery analytics refers to an analytical solution that provides images and videos of the earth. Geospatial imagery analytics uses data collected from satellite images and is used for examining urban planning, climate conditions, and disaster response management. Companies in other sectors use the data to develop contingency plans for future risks. It is used to get information about natural phenomena and human activities occurring on the earth’s surface.
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