Geospatial Imagery Analytics Market Size, Share, and Growth Report 2032

Geospatial Imagery Analytics Market

Geospatial Imagery Analytics Market By Type (Image Analytics And Video Analytics), By Technology (GIS/GPS/GNSS, Remote Sensing, Mobile Mapping/Handheld, And Office & Field Software), By Application (Weather Monitoring, Security & Law Enforcement, Crisis Management, Climate Change Modeling, And Population Forecasting & Management), By Vertical (Defense & Security, Government, Environmental Monitoring, Mining & Manufacturing, Energy & Utility, Construction, Agriculture, Healthcare, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-2885 Published Date: May-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 104.02 Billion USD 1300.47 Billion 32.40% 2023

Geospatial Imagery Analytics Market

Geospatial Imagery Analytics Market Size

The global geospatial imagery analytics market size was worth around USD 104.02 billion in 2023 and is predicted to grow to around USD 1300.47 billion by 2032 with a compound annual growth rate (CAGR) of roughly 32.40% between 2024 and 2032.

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Geospatial Imagery Analytics Market: Overview

Geospatial analysis is a powerful tool which is widely used to address a number of issues including climate change modeling, weather monitoring, human population forecasting, and animal population management. Geospatial analytics is used for gathering, displaying, integrating, and examining the geospatial data. Geospatial analytics collect data from geotagging, GPS, satellite imagery, and from other sources for obtaining useful information which is important for organizations for taking better decisions which will, in turn, yield good revenue. 

The geospatial analysis uses the data and information for the creation of graphs, making maps, cartograms, statistics, and for simplifying the complex relationships. 

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Geospatial Imagery Analytics Market: Drivers and Restraints

The major factor driving the growth of global geospatial imagery analytics market is the increasing advancement in analytics technologies. Increasing amount of data from global navigation satellite systems, aerial surveys using photographic cameras, satellite remote sensing, digital cameras, radar, and LiDAR is generating demand for geospatial imagery analytics. Deep learning and artificial intelligence (AI) helps to process the satellite imagery to identify objects and patterns automatically. 

Strict implementation of government regulations is limiting the growth of the market. However, increasing use of location-based services is anticipated to boost the market over the forecast period. 

Geospatial Imagery Analytics Market: Segmentation

The geospatial imagery analytics market has been segmented on the basis of type, technology, application, vertical, and region. 

By type, the image analytics segment held the largest market share of around 60% in 2023. Growing trend of social media such as Facebook, Snapchat, Twitter, and others has increased the amount of unstructured data. This huge data needs to be analyzed and sorted which is done with the help of geospatial imagery analytical tools. Additionally, the growing number of AI-enabled smartphones equipped with facial recognition apps also create a need for image analysis. Barcodes and QR codes are some examples of image analytics. The image analytics segment is anticipated to higher value by 2032. 

By technology, GIS (geographic information system) segment acquired the major share of 33% in the global geospatial imagery analytics market. A geographic information system is a basic technology for geospatial imagery analytics. This system is designed for analyzing, capturing, organizing, and manipulating the geographic data. GIS is being used widely due to its cost-effectiveness, better decision–making capabilities, enhanced geographic information recordkeeping, and improved communication. 

The weather monitoring segment is anticipated to register the highest CAGR of 32% between 2024 and 2032. Rising need to measure weather variables such as wind speed and direction, air temperature, humidity, and rainfall are the key driving factors for the weather monitoring segment. Geospatial imagery analytics can detect the changes in climate and is able to provide the data to input into models which enables to predict the future changes in the environment. These factors will propel the growth of the weather monitoring segment.

By vertical, the government segment held the major market share of 22% in 2023. Geospatial imagery analytics play a vital role in the government segment, it assists in the planning of the roads and other amenities and also provides a map for the direction.

Geospatial Imagery Analytics Market: Report Scope

Report Attributes Report Details
Report Name Geospatial Imagery Analytics Market Research Report
Market Size in 2023 USD 104.02 Billion
Market Forecast in 2032 USD 1300.47 Billion
Growth Rate CAGR of 32.40%
Number of Pages 110
Key Companies Covered Digitalglobe Inc., Environmental Systems Research Institute, EOS Data Analytics Inc., Fugro N.V., Geocento, Google Inc., Harris Corporation, Hexagon AB, Keyw Corporation Planet Labs RMSI, Satellite Imaging Corporation, Trimble Inc., UrtheCast Corporation, AABSyS IT Pvt. Ltd., AAM Pty Ltd., Damian & Associates Inc., Marvel Geospatial Solutions Private Limited, Orbital Africa Limited, Rick Engineering Company, SECON Private Limited.
Segments Covered By Type, By Technology, By Vertical, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Geospatial Imagery Analytics Market: Regional Analysis

Europe accounted for the major share of 32% in 2023. Rapid digitalization across all industries and technological advancements have fueled the growth of the geospatial imagery analytics market. North America region is anticipated to grow with the highest CAGR of 33% over the forecast period. Geospatial imagery analytics offer benefits to the organizations by providing analyzed data. For the development of the smart cities, there is an increased requirement for exact base maps and utilities which is provided by the geospatial imagery analytics. Growing development rate of smart cities across the North American region is expected to boost the revenue of the geospatial imagery analytics market. 

Geospatial Imagery Analytics Market: Competitive Outlook

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. In February 2017, DigitalGlobe, Inc., a commercial high-resolution Earth observation and advanced geospatial solutions provider based in Colorado, U.S. signed an agreement for partnership with Esri and Harris Corporation which will enable Esri and Harris Corporation users to access, time-lapse library of high-resolution satellite imagery and the analytical and deep learning tools needed to unlock actionable insights from that imagery at scale.

The report also covers detailed competitive outlook including company profiles of the key participants operating in the global geospatial imagery analytics market. The key players included in this market are:

  • Digitalglobe Inc.
  • Environmental Systems Research Institute
  • EOS Data Analytics Inc.
  • Fugro N.V.
  • Geocento
  • Google Inc.
  • Harris Corporation
  • Hexagon AB
  • Keyw Corporation Planet Labs RMSI
  • Satellite Imaging Corporation
  • Trimble Inc.
  • UrtheCast Corporation
  • AABSyS IT Pvt. Ltd.
  • AAM Pty Ltd.
  • Damian & Associates Inc.
  • Marvel Geospatial Solutions Private Limited
  • Orbital Africa Limited
  • Rick Engineering Company
  • SECON Private Limited. 

The global geospatial imagery analytics market is segmented as follows:

By Type

  • Image Analytics
  • Video Analytics

By Application

  • Weather Monitoring
  • Security & Law Enforcement
  • Crisis Management
  • Climate Change Modeling
  • Population Forecasting & Management

By Technology

  • GIS/GPS/GNSS
  • Remote Sensing
  • Mobile Mapping / Handheld
  • Office & Field Software

By Vertical

  • Defense & Security
  • Government
  • Environmental Monitoring
  • Mining & Manufacturing
  • Energy & Utility
  • Construction
  • Agriculture
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What We Provide

  • The report covers forecast and analysis for the geospatial imagery analytics market on a global and regional level
  • The report includes the positive and the negative factors that are influencing the growth of the geospatial imagery analytics market.
  • Future opportunities are discussed in the report.
  • The data within the report is provided in terms of value (USD Million).
  • The revenue generated by the prominent industry players has been analyzed in the report.
  • The market numbers have been calculated using top-down and the bottom-up approaches.
  • The geospatial imagery analytics market has been analyzed using Porter’s Five Forces Analysis.
  • The global geospatial imagery analytics market is segmented on the basis of type, technology, application, verticals, and region. 
  • All the segments have been evaluated based on the present and the future trends.
  • The report deals with the in-depth quantitative and qualitative analyses of the geospatial imagery analytics market.
  • The report includes the detailed company profiles of the prominent market players.

Table Of Content

Methodology

FrequentlyAsked Questions

Geospatial analysis is a powerful tool which is widely used to address a number of issues including climate change modeling, weather monitoring, human population forecasting, and animal population management.

According to study, the global Geospatial Imagery Analytics Market size was worth around USD 104.02 billion in 2023 and is predicted to grow to around USD 1300.47 billion by 2032.
 

The CAGR value of Geospatial Imagery Analytics Market is expected to be around 32.40% during 2024-2032.
 

North America has been leading the global Geospatial Imagery Analytics Market and is anticipated to continue on the dominant position in the years to come.
 

The global Geospatial Imagery Analytics Market is led by players like Digitalglobe Inc., Environmental Systems Research Institute, EOS Data Analytics Inc., Fugro N.V., Geocento, Google Inc., Harris Corporation, Hexagon AB, Keyw Corporation Planet Labs RMSI, Satellite Imaging Corporation, Trimble Inc., UrtheCast Corporation, AABSyS IT Pvt. Ltd., AAM Pty Ltd., Damian & Associates Inc., Marvel Geospatial Solutions Private Limited, Orbital Africa Limited, Rick Engineering Company, SECON Private Limited.

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