Global Geospatial Imagery Analytics Market to Witness 32.3% CAGR During 2018– 2024
Published: 2020-06-06 13:59:58


The global geospatial imagery analytics market is anticipated to grow rapidly, at CAGR 32.3% during the forecast period with the market size to reach USD 21.9 billion by 2024. The factors driving the growth of the market include highly competitive industry players and the implementation of the latest technologies such as big data and artificial intelligence (AI) by players into diverse business enterprises. Moreover, the advent of video-based imagery for analysis is trending in the geospatial imagery analytics market, which is further pacing the market growth.

An increasing number of commercial satellites assist in synthesizing data that can further through the use of technologies such as AI help in geospatial imagery analytics across varied businesses. This offers market players immense opportunities to increasingly adopt such technologies thereby have a competitive advantage, which will drive their revenue growth and propel the overall growth of the geospatial imagery analytics industry.

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Based on type, the geospatial imagery analytics market is categorized into video analytics and imagery analytics. During the forecast period, the video analytics market is expected to witness faster growth, at CAGR of 36.9%. Varied industries are increasingly making use of the potential applications of satellite and drone video surveillance that is expected for the flux in the video imagery market.

The different verticals for the geospatial imagery analytics market include agriculture and forestry, government, energy and mining, healthcare and life sciences, civil engineering and archaeology, defense, media and entertainment, and others. Among these, the highest demand for geospatial imagery analytics is expected to be in healthcare and life sciences, leading to the fastest growth of the category during the forecast period.

Europe is expected to dominate the geospatial imagery analytics market during the forecast period. The developed infrastructural facility in Europe along with the adoption of the latest technologies by diverse industries accounts for the region’s market growth. Moreover, Asia-Pacific is observed to witness the fastest growth in the geospatial imagery analytics market.

Key players in the geospatial imagery analytics industry are providing distribution of requisite services to their end-users, and are also investing in R&D for the enhancement of the product portfolio in order to strengthen their global market position. Some of the major players in the geospatial imagery analytics industry include Esri Global Inc., Maxar Technologies Ltd., Satellite Imaging Corporation, Hexagon AB, Google LLC, UrtheCast Corp., Fugro N.V., Harris Corporation, Planet Labs Inc., and Trimble Inc.

Global Geospatial Imagery Analytics Market Coverage

Type Insight and Forecast 2014-2024

Video Analytics
Image Analytics
Collection Medium Insight and Forecast 2014-2024

Satellites, Geographic Information Systems (GIS)
Unmanned Aerial Vehicles (UAVs)
Others
Application Insight and Forecast 2014-2024

Geospatial Data Acquisition and Mapping
Surveillance and Monitoring
Disaster Management
Construction and Development
Exhibition and Live Entertainment
Energy and Resource Management
Conservation and Research
Vertical Insight and Forecast 2014-2024

Agriculture and Forestry
Government
Energy and Mining
Civil Engineering and Archaeology
Defense
Healthcare and Lifescience
Media and Entertainment
Others
Geographical Segmentation

Geospatial Imagery Analytics Market System Market by Region

North America

U.S.
Canada
Mexico
Europe

Germany
France
U.K.
Italy
Russia
Rest of Europe
Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America

Brazil
Rest of Latin America
Rest of the World (RoW)

U.A.E.
Israel
South Africa
Saudi Arabia
Other Countries

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