Geospatial Imagery Analytics Market: Snapshot
Geospatial imagery analytics is a comprehensive solution system that provides imagery, both video and image data, of the earth. The data helps companies in different sectors in taking preventive and precautionary measures. With the use of global positioning systems (GPS) and geographical information systems, geospatial imagery analytics providers collect and gather data and then provide these data to end-users. Providers of geospatial imagery analytics are investing in building their own satellites to gather the most effective earth data for end-users. The geospatial imagery analytics market is expected to expand at a CAGR of 7.0% during the forecast period of 2018-2026. In terms of revenue, the market is expected to reach US$ 8.9 Bn in 2026. The major reason for the expansion of the market is development of geographic information system (GIS) technology and convergence of geospatial information with mainstream technologies. Moreover, the rise in requirement for geospatial data from the mining and manufacturing and engineering and construction industries is also making the overall market lucrative.
The geospatial imagery analytics market is experiencing some vital trends. These trends include continuous demand for high resolution satellite images from end-user across all the major regions, as well as increased usage of location based services. Based on analytics type, the geospatial imagery analytics market can be divided into video-based and image-based. Globally, both the video-based and image-based analytics segments are expanding at a rapid pace. The use of video-based and image-based analytics is increasing across various industry verticals including defense and security and construction and manufacturing. In terms of technology, the market can be divided into geographical information systems (GIS), remote sensing, unmanned aerial vehicles (UAVS), and others. The geospatial information system (GIS) is expected to be a lucrative segment during the forecast period. Geospatial information systems (GIS) have the capability to collect and store geospatial data effectively, thereby becoming popular among defense & security, environment monitoring, and mining and manufacturing companies. Based on end-user, the market can be categorized into defense & security, government, environment monitoring, energy, utility & natural resource, engineering & construction, mining & manufacturing, insurance, agriculture, healthcare & life sciences, and others. The others segment of the market includes retail, transportation & logistics sector, etc. The defense & security and the energy, utility, & natural resources segments are prominent revenue contributors to the overall market. However, the use of geospatial imagery analytics in retail and agriculture insurance is also expected to increase in the near future. In agriculture specifically, the use of unmanned aerial vehicles for crop health monitoring and weather monitoring is widespread among farmers and farm owners.
In terms of region, the geospatial imagery analytics market can be segmented into North America, Europe, South America, Middle East & Africa, and Asia Pacific. Asia Pacific, North America, and Europe are the major revenue contributors to the overall market. However, South America and Middle East & Africa are regions with high potential of the geospatial imagery analytics market.
The major strategies adopted by players operating in the market include focus on mergers and acquisitions, enhancing product portfolio, and effectively delivering the required services to end-users. The market is largely dominated by big players such as ESRI, DigitalGlobe Inc., Hexagon AB, and MDA Corporation that have been investing in research and development for a long time and have also been entering into effective mergers and acquisition for stronger penetration in the market.
The global geospatial imagery analytics market comprises a large number of multinational companies that offer a range of comprehensive services and solutions to end-users. These companies include Digital Globe, ESRI, MDA Corporation, Fugro N.V., Harris Corporation, Hexagon AB, General Electric, Planet Labs , RMSI Private Limited, Satellite Imaging Corporation, Satellite Imaging Corporation, TomTom, Trimble Navigation, Ltd. and WS Atkins Plc.
Geospatial Imagery Analytics Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts geospatial imagery analytics market at the global and regional level. The report provides an analysis of the global geospatial imagery analytics market for the period from 2016 to 2026, wherein the period from 2018 to 2026 comprises the forecast period and 2017 is the base year. Data for 2016 is provided as historical information. The report covers all the major trends playing a major role in the expansion of the geospatial imagery analytics market during the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the expansion of the market during this period. The study provides a complete perspective on the expansion of the geospatial imagery analytics market in terms of revenue, in US$ Mn, across different geographical regions, namely, North America, Europe, Asia Pacific, Middle East & Africa and South America. The report is expected to help suppliers, and distributors understand the current and future trends in the market and formulate their strategies accordingly.
The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the value chain analysis for the geospatial imagery analytics market. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the expansion of the market.
Global Geospatial Imagery Analytics Market: Scope of the Report
The geospatial imagery analytics market is segmented based on technology, analytics type, deployment type, and end-use. Based on technology, the market is segmented into global positioning system (GPS), geographical information system (GIS), remote sensing, unmanned aerial vehicles (UAVs), and others. Based on analytics type, the global geospatial imagery analytics market is segregated into video-based and image-based analytic solutions. Based on deployment, the market is classified into on-premise and cloud-based. In terms of end-use, the market is segmented into defense and security, government, environment monitoring, energy, utility & natural resources, engineering & construction, mining & manufacturing, insurance, agriculture, healthcare and life sciences, and others. Revenue data is estimated for all the segments mentioned above.
The report also includes competitive profiling of the key players associated with the market across the globe. The important business strategies adopted by leading players, their market positioning, financials, SWOT analysis, and recent developments have also been identified in the research report. The competitive landscape section of the report also offers an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the near future.
Global Geospatial Imagery Analytics Market: Research Methodology
The geospatial imagery analytics market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the valves market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research, is again discussed and examined by our expert panel. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding purposes. Secondary research also includes a study of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Global Geospatial Imagery Analytics Market: Competitive Dynamics
Major strategies adopted by geospatial imagery analytics providers include strategic acquisitions and partnerships. Major players such as Digital Globe, ESRI, Harris Corporation, and Hexagon AB are working toward integration and creation of user-friendly and effective analytics solutions. Established players in the market are estimated to either merge into large enterprises or are likely to offer tough competition to emerging players in the market during the forecast period. Large geospatial imagery analytics vendors are expected to acquire regional players in order to improve their distribution networks in domestic as well as international markets. Details such as financials, business strategies, SWOT analysis, recent developments, and other such as strategic information pertaining to these players has been duly provided as a part of company profiling.
Market Segmentation: Global geospatial imagery analytics Market
- Global positioning Systems (GPS)
- Geographical Information Systems (GIS)
- Remote Sensing
- Unmanned Aerial Vehicles (UAV’s)
By Analytics Type
- Video Based
- Image Based
By Deployment Type
- Defense & Security
- Environment Monitoring
- Energy, Utility & Natural resources
- Engineering & Construction
- Mining & Manufacturing
- Healthcare & Life Sciences
Additionally, the report provides analysis of the geospatial imagery analytics market with respect to the following geographic segments:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America