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
[118 Pages Report] The geospatial imagery analytics market was valued at USD 2.66 Billion in 2016 and is projected to reach USD 13.21 Billion by 2022, at a CAGR of 31.1% from 2017 to 2022. The base year considered for the study is 2016.
Objectives of the study:
- To describe and forecast the geospatial imagery analytics market based on type, collection medium, vertical, and region
- To provide detailed information regarding key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze micromarkets with respect to individual growth trends, prospects, and contribution to the market
- To forecast the sizes of different market segments based on type, collection medium, and vertical with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America (LA)
- To profile key players in the market and comprehensively analyze their core competencies
- To track and analyze competitive developments such as mergers & acquisitions (M&A), new product developments, and R&D activities in the market
- To analyze opportunities in the market for stakeholders and draw a competitive landscape of the market
The research methodology used to estimate and forecast the geospatial imagery analytics market began with capturing data on key vendor revenues through secondary research. Secondary sources referred for this study included annual reports, white papers, certified publications, databases such as Factiva and Hoovers, press releases, and investor presentations of geospatial imagery analytics solutions and service vendors, as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of geospatial imagery analytics by estimating the revenues of key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
The breakdown of profiles of primary participants is depicted in the figure below:
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The geospatial imagery analytics market ecosystem includes key players, such as Hexagon AB (Sweden), Harris Corporation (US), DigitalGlobe (US), Google (US), and Trimble (US) that provide geospatial imagery analytics solutions and services.
Key Target Audience
- Vendors of Geospatial Imagery Analytics Solutions
- Service Providers of Satellite and Airborne Imagery
- Value-added Resellers
- Government Bodies & Research Organizations
- Associations in the Geospatial Industry
- Technology Consultants
Scope of the Report
The research report categorizes the geospatial imagery analytics market into the following segments and subsegments:
By Type
- Imagery Analytics
- Video Analytics
By Collection Medium
- Geographic Information Systems (GIS)
- Satellites
- Unmanned Aerial Vehicles (UAVs)
- Others (helicopters, aircraft, helikites, kites, balloons, and airships)
By Vertical
- Defense & Security
- Government
- Environmental Monitoring
- Mining & Manufacturing
- Energy, Utility, and Natural Resources
- Engineering & Construction
- Insurance
- Agriculture
- Healthcare & Life Sciences
- Others (education, forensics, and space exploration & oceanographic exploration)
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Available Customizations
Along with the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:
Geographic Analysis
- Further country-level breakdown of the North America geospatial imagery analytics market
- Further country-level breakdown of the Europe market
- Further country-level breakdown of the Asia Pacific market
- Further country-level breakdown of the Middle East & Africa market
- Further country-level breakdown of the Latin America market
Company Information
- Detailed analysis and profiles of additional market players
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% during the forecast period. 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 are key factors anticipated to drive the growth of the market.
The geospatial imagery analytics market has been segmented on the basis of type, collection medium, vertical, and region. Based on type, the market has been classified into imagery analytics and video analytics. The video analytics segment is projected to grow at the highest CAGR during the forecast period. Based on collection medium, the market has been segmented into Geographic Information Systems (GIS), satellites, Unmanned Aerial Vehicles (UAVs), and others (helicopters, aircraft, helikites, kites, balloons, and airships). The Geographic Information Systems (GIS) segment is estimated to account for the largest share of the market in 2017. Based on vertical, the market has been categorized into defense & security; government; environmental monitoring; energy, utility, and natural resources; engineering & construction; mining & manufacturing; insurance; agriculture; healthcare & life sciences; and others (education, forensics, and space exploration & oceanographic exploration). The market has been segmented into 5 regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Europe is estimated to account for the largest share of the geospatial imagery analytics market in 2017. The satellite industry in this region has reached the stage of maturity. As such, the developed infrastructure for image collection and calibration in Europe provides a favorable environment for the development of geospatial imagery analytics in this region. The North American region is estimated to account for the second-largest share of the market in 2017. The growth of the market in the European and North American regions can be attributed to the increasing commoditization of geospatial data across various industries and ongoing collaborations between providers of IT solutions and key players operating in the market. The market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The increasing use of geospatial imagery analytics in insurance, agriculture, and engineering & construction industries of Asia Pacific is fueling the growth of the market in this region.
A few restraining factors that affect the growth of the geospatial imagery analytics market include the stringent implementation of various government regulations, such as legal issues pertaining to restrictions imposed on data collection processes, location privacy, intellectual property rights, use of geospatial information, and storage of geospatial data. These restrictions limit the scope of the market, which ultimately hinders its growth. Therefore, it becomes critical for vendors of geospatial imagery analytics solutions to consider such legal matters during the execution of various customer projects. Key players operating in this market include Hexagon AB (Sweden), Harris Corporation (US), DigitalGlobe (US), Esri (US), Trimble (US), and Google (US). These companies are focused on the adoption of various growth strategies, such as partnerships and collaborations, mergers & acquisitions, new product launches, and business expansions to enhance their market share in the market.
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Table of Contents
1 Introduction (Page No. - 11)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 14)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions & Limitations
2.3.1 Geospatial Imagery Analytics Market: Assumptions
2.3.2 Limitations
3 Executive Summary (Page No. - 20)
4 Premium Insights (Page No. - 24)
4.1 Growth Trend of the Geospatial Imagery Analytics Market Between 2017 and 2022
4.2 Market Largest Market Share By Vertical and Region
4.3 Market Highest Growing Vertical in Asia Pacific
5 Market Overview and Industry Trends (Page No. - 26)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Significant Advancements in Geospatial Imagery Analytics With the Introduction of Artificial Intelligence and Big Data
5.2.1.2 Critical Need of Enterprises to Ensure Their Market Competitiveness
5.2.2 Restraints
5.2.2.1 Stringent Implementation of Various Government Regulations
5.2.3 Opportunities
5.2.3.1 Increased Use of Location-Based Services
5.2.4 Challenges
5.2.4.1 Integration of Geospatial Imagery Analytics Data With Enterprise Solutions
5.3 Industry Trends
5.4 Geospatial Imagery Analytics: Use Cases
5.4.1 Use Case 1: Monitoring Forest Cover Changes in Madhya Pradesh, India Using Geospatial Imagery Analytics
5.4.2 Use Case 2: Monitoring Oil Sands Mines of Alberta
5.5 Regulatory Implications
5.5.1 Geospatial Information Regulation Bill
6 Geospatial Imagery Analytics Market, By Type (Page No. - 31)
6.1 Introduction
6.2 Imagery Analytics
6.3 Video Analytics
7 Geospatial Imagery Analytics Market, By Collection Medium (Page No. - 34)
7.1 Introduction
7.2 Geographic Information Systems (GIS)
7.3 Satellites
7.4 Unmanned Aerial Vehicles (UAVS)
7.5 Others
8 Geospatial Imagery Analytics Market, By Vertical (Page No. - 39)
8.1 Introduction
8.2 Defense & Security
8.3 Government
8.4 Environmental Monitoring
8.5 Energy, Utility, and Natural Resources
8.6 Engineering & Construction
8.7 Mining & Manufacturing
8.8 Insurance
8.9 Agriculture
8.10 Healthcare & Life Sciences
8.11 Others
9 Regional Analysis (Page No. - 52)
9.1 Introduction
9.2 Europe
9.3 North America
9.4 Asia Pacific
9.5 Middle East & Africa
9.6 Latin America
10 Company Profiles (Page No. - 71)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
10.1 Hexagon AB
10.2 Harris Corporation
10.3 DigitalGlobe
10.4 Environmental Systems Research Institute
10.5 Google
10.6 Trimble
10.7 RMSI
10.8 Planet Labs
10.9 UrtheCast Corporation
10.10 Fugro N.V.
10.11 KeyW Corporation
10.12 Satellite Imaging Corporation
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 109)
11.1 Industry Excerpts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (61 Tables)
Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Geospatial Imagery Analytics Market, By Type, 2015-2022 (USD Million)
Table 3 Imagery Analytics: Market, By Region, 2015-2022 (USD Million)
Table 4 Video Analytics: Market, By Region, 2015-2022 (USD Million)
Table 5 Market, By Collection Medium, 2015-2022 (USD Million)
Table 6 Geographic Information Systems (GIS): Market, By Region, 2015-2022 (USD Million)
Table 7 Satellites: Market, By Region, 2015-2022 (USD Million)
Table 8 Unmanned Aerial Vehicles (UAVS): Market, By Region, 2015-2022 (USD Million)
Table 9 Others: Market, By Region, 2015-2022 (USD Million)
Table 10 Geospatial Imagery Analytics Market, By Vertical, 2015-2022 (USD Million)
Table 11 Defense & Security: Market, By Region, 2015-2022 (USD Million)
Table 12 Defense & Security: Market, By Collection Medium, 2015-2022 (USD Million)
Table 13 Government: Market, By Region, 2015-2022 (USD Million)
Table 14 Government: Market, By Collection Medium, 2015-2022 (USD Million)
Table 15 Environmental Monitoring: Market, By Region, 2015-2022 (USD Million)
Table 16 Environmental Monitoring: Market, By Collection Medium, 2015-2022 (USD Million)
Table 17 Energy, Utility, and Natural Resources: Market, By Region, 2015-2022 (USD Million)
Table 18 Energy, Utility, and Natural Resources: Market, By Collection Medium, 2015-2022 (USD Million)
Table 19 Engineering & Construction: Market, By Region, 2015-2022 (USD Million)
Table 20 Engineering & Construction: Market, By Collection Medium, 2015-2022 (USD Million)
Table 21 Mining & Manufacturing: Market, By Region, 2015-2022 (USD Million)
Table 22 Mining & Manufacturing: Market, By Collection Medium, 2015-2022 (USD Million)
Table 23 Insurance: Geospatial Imagery Analytics Market, By Region, 2015-2022 (USD Million)
Table 24 Insurance: Market, By Collection Medium, 2015-2022 (USD Million)
Table 25 Agriculture: Market, By Region, 2015-2022 (USD Million)
Table 26 Agriculture: Market, By Collection Medium, 2015-2022 (USD Million)
Table 27 Healthcare & Life Sciences: Market, By Region, 2015-2022 (USD Million)
Table 28 Healthcare & Life Sciences: Market, By Collection Medium, 2015-2022 (USD Million)
Table 29 Others: Market, By Region, 2015-2022 (USD Million)
Table 30 Others: Market, By Collection Medium, 2015-2022 (USD Million)
Table 31 Geospatial Imagery Analytics Market, By Region, 2015-2022 (USD Million)
Table 32 Europe: Market, By Type, 2015-2022 (USD Million)
Table 33 Europe: Market, By Vertical, 2015-2022 (USD Million)
Table 34 Europe: Market, By Collection Medium, 2015-2022 (USD Million)
Table 35 Europe: Market for Insurance, By Collection Medium, 2015-2022 (USD Million)
Table 36 Europe: Market for Agriculture, By Collection Medium, 2015-2022 (USD Million)
Table 37 Europe: Market for Healthcare & Life Sciences, By Collection Medium, 2015-2022 (USD Million)
Table 38 North America: Geospatial Imagery Analytics Market, By Type, 2015-2022 (USD Million)
Table 39 North America: Market, By Vertical, 2015-2022 (USD Million)
Table 40 North America: Market, By Collection Medium, 2015-2022 (USD Million)
Table 41 North America: Market for Insurance, By Collection Medium, 2015-2022 (USD Million)
Table 42 North America: Market for Agriculture, By Collection Medium, 2015-2022 (USD Million)
Table 43 North America: Market for Healthcare & Life Sciences, By Collection Medium, 2015-2022 (USD Million)
Table 44 Asia Pacific: Market, By Type, 2015-2022 (USD Million)
Table 45 Asia Pacific: Market, By Vertical, 2015-2022 (USD Million)
Table 46 Asia Pacific: Market, By Collection Medium, 2015-2022 (USD Million)
Table 47 Asia Pacific: Market for Insurance, By Collection Medium, 2015-2022 (USD Million)
Table 48 Asia Pacific: Market for Engineering & Construction, By Collection Medium, 2015-2022 (USD Million)
Table 49 Asia Pacific: Market for Healthcare & Life Sciences, By Collection Medium, 2015-2022 (USD Million)
Table 50 Middle East & Africa: Geospatial Imagery Analytics Market, By Type, 2015-2022 (USD Million)
Table 51 Middle East & Africa: Market, By Vertical, 2015-2022 (USD Million)
Table 52 Middle East & Africa: Market, By Collection Medium, 2015-2022 (USD Million)
Table 53 Middle East & Africa: Market for Insurance, By Collection Medium, 2015-2022 (USD Million)
Table 54 Middle East & Africa: Market for Agriculture, By Collection Medium, 2015-2022 (USD Million)
Table 55 Middle East & Africa: Market for Healthcare & Life Sciences, By Collection Medium, 2015-2022 (USD Million)
Table 56 Latin America: Market, By Type, 2015-2022 (USD Million)
Table 57 Latin America: Market, By Vertical, 2015-2022 (USD Million)
Table 58 Latin America: Market, By Collection Medium, 2015-2022 (USD Million)
Table 59 Latin America: Market for Mining & Manufacturing, By Collection Medium, 2015-2022 (USD Million)
Table 60 Latin America: Market for Insurance, By Collection Medium, 2015-2022 (USD Million)
Table 61 Latin America: Market for Agriculture, By Collection Medium, 2015-2022 (USD Million)
List of Figures (28 Figures)
Figure 1 Geospatial Imagery Analytics Market Segmentation
Figure 2 Market Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 The Imagery Analytics Type Segment is Expected to Lead the Geospatial Imagery Analytics Market in 2017
Figure 7 The Unmanned Aerial Vehicles (UAVS) Segment of the Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 8 The Defense & Security Vertical Segment is Estimated to Lead the Market From 2017 to 2022
Figure 9 The European Region is Expected to Account for the Largest Share in Market in 2017
Figure 10 Attractive Market Opportunities in the Geospatial Imagery Analytics Market in Forecast Period
Figure 11 The Defense & Security Vertical Segment and European Region are Expected to Account for the Largest Market Shares of the Market in 2017
Figure 12 Agriculture Vertical is Estimated to Grow at the Highest Rate During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges for the Market
Figure 14 The Imagery Analytics Segment is Anticipated to Lead the Geospatial Imagery Analytics Market in 2017
Figure 15 The Unmanned Aerial Vehicles (UAVS) Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 The Defense & Security Segment is Anticipated to Lead the Market During the Forecast Period
Figure 17 Europe is Estimated to Be the Largest Market for Geospatial Imagery Analytics in 2017
Figure 18 The Geospatial Imagery Analytics Market in Asia Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 19 Europe Market Snapshot
Figure 20 Asia Pacific Market Snapshot
Figure 21 Hexagon AB: Company Snapshot
Figure 22 Harris Corporation: Company Snapshot
Figure 23 DigitalGlobe: Company Snapshot
Figure 24 Google : Company Snapshot
Figure 25 Trimble: Company Snapshot
Figure 26 UrtheCast Corporation: Company Snapshot
Figure 27 Fugro: Company Snapshot
Figure 28 KeyW Corporation: Company Snapshot
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