What is the global market size of Geospatial Imagery Analytics Market?

Global Geospatial Imagery Analytics Market size was valued at USD 9.1 billion in 2021 and is poised to grow from USD 11.47 billion in 2022 to USD 72.84 billion by 2030, at a CAGR of 26.0% during the forecast period (2023-2030).

Global Geospatial Imagery Analytics Market Size, Share, Growth Analysis, By Technology(Geographical Information Systems (GIS), Global positioning Systems (GPS)), By Analytics Type(Video Based, and Image Based), By Deployment(On-Premise, and Cloud), By End-use(Government, Defense & Security) - Industry Forecast 2024-2031

Report ID: SQMIG45A2066 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 125 | Figures: 77

Global Geospatial Imagery Analytics Market News

In August 2023, the digital navigation business onX and the satellite imagery provider Planet Labs PBC collaborated to launch a new feature named "Recent Imagery." This feature improves the onX Hunt, onX Offroad, and onX Backcountry apps' user experience by providing users with updated satellite imagery maps every two weeks. Outdoor lovers can obtain real-time information for safer and more educated outdoor activities thanks to this frequent data update.
August 2023 Satellogic Inc. and Quant Data & Analytics, a provider of data products and enterprise solutions for retail and real estate, teamed up to improve property technology in Saudi Arabia and the Gulf area by leveraging Satellogic's high-resolution satellite images.
Spatial data and analytics platform Astraea launched a new buying service in April 2023 that gives users scalable access to premium commercial satellite images from suppliers including Planet Labs PBC and others.

Global Geospatial Imagery Analytics Market Report Snapshots

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Global Geospatial Imagery Analytics Market size was valued at USD 11.47 billion in 2022 and is expected to rise from USD 14.45 billion in 2023 to reach a value of USD 91.81 Billion by 2031, at a CAGR of 26.0% during the forecast period (2024-2031).

The geospatial imagery analytics market is highly competitive, with several key players offering a wide range of solutions and services. These companies are investing in new technologies, strategic partnerships, and acquisitions to stay ahead of the competition. 'DigitalGlobe, Inc.', 'Airbus Defense and Space', 'UrtheCast Corp.', 'Harris Corporation', 'Google LLC', 'Trimble Inc.', 'Maxar Technologies Inc.', 'Hexagon AB', 'ESRI Inc.', 'Planet Labs Inc.', 'TomTom N.V.', 'Geospatial Intelligence Pty Ltd', 'Geosys Technology Solutions Inc.', 'Fugro N.V.', 'Oracle Corporation', 'Earth-i Ltd.', 'Satellogic S.A.', 'Satellite Imaging Corporation', 'The Sanborn Map Company, Inc.', 'GeoSpoc Pte Ltd'

The growing adoption of location-based services in various industries, including agriculture, defense, and urban planning, is driving the demand for geospatial imagery analytics.

Growing demand for high-resolution imagery: With advancements in satellite technology, there is a growing demand for high-resolution imagery that provides more detailed information about the earth's surface. This is driving the development of new satellite constellations and increasing competition among geospatial imagery analytics providers to offer the highest quality data.

The North American region is anticipated to dominate the market with a CAGR of 5.81% over the forecast period. The market in this region is growing as a result of increased investments in new or updated satellite systems. The increasing use of drone technology to support industrial clients in areas like construction, agriculture, and disaster management is driving the market's expansion. The existence of multiple industrialized economies, particularly Canada and the United States, as well as an emphasis on R&D and various technologies, are assisting the regional market's growth.

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Global Geospatial Imagery Analytics Market News

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