HOME Research Insight Hexagon AB (Sweden) and Harris Corporation (US) are the Key Players in the Geospatial Imagery Analytics Market



Hexagon AB (Sweden) and Harris Corporation (US) are the Key Players in the Geospatial Imagery Analytics Market


The geospatial imagery analytics market is estimated to be USD 3.41 Billion in 2017 and is projected to reach USD 13.21 Billion by 2022, at a CAGR of 31.1% from 2017 to 2022. Key factors influencing the growth of the geospatial imagery analytics market include significant advancements in the field of geospatial imagery analytics with the introduction of artificial intelligence and Big Data and the need for enterprises to ensure market competitiveness.

Major companies such as Hexagon AB (Sweden), Harris Corporation (US), DigitalGlobe (US), Esri (US), Trimble (US), and Google (US) offer geospatial imagery analytics solutions and services to cater to the diversified demands of the market. These players have adopted various growth strategies such as expansions, mergers & acquisitions, partnerships, and new product launches to sustain their position in the market. Partnerships, collaborations, and acquisitions have accounted for a major share of all growth strategies adopted by key market players. 

Hexagon AB (Sweden), a key player in the geospatial imagery analytics market, is focused on the adoption of both inorganic and organic growth strategies, such as partnerships, new product launches, and product enhancements to enhance its business prospects in the geospatial imagery analytics market. For instance, in November 2016, Hexagon Geospatial, a subsidiary of Hexagon AB, partnered with HERE (US), which is an Open Location Platform company. This partnership provides developers with a fast and easy way to connect their Smart M.App to HERE basemap data and platform services. It also enabled Hexagon developers to build location intelligence in an effective manner. In June 2017, Hexagon Geospatial introduced 3D viewing and measurement in M.App X, which is an enterprise-based solution that provides tools for the exploitation of imagery and the creation of imagery-based information products and reports.

Harris Corporation (US), another key player in the geospatial imagery analytics market, is focused on the adoption of both inorganic and organic strategies to enhance its market presence. For instance, January 2016, Harris Corporation launched ENVI software version 5.3, which adds significant LiDAR point cloud analysis and visualization capabilities that were previously available in the ENVI LiDAR software package. In May 2016, Harris Corporation partnered with Esri (US) to develop Modernized Foundation GEOINT Data Production, Apps and tools within a WebGIS environment, for federal agencies. This partnership strategy helped multiple security domains address the issue related to the expected surge of commercial imagery acquired from small satellites, Unmanned Aerial System (UAS) platforms, and open-data sources.

Related Reports:

Geospatial Imagery Analytics Market by Type (Imagery Analytics, Video Analytics), Collection Medium (GIS, Satellites, UAVs), Vertical (Defense & Security, Insurance, Agriculture, Healthcare & Life Sciences), and Region - Global Forecast to 2022

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