The evolution of integrated domain awareness solutions coupled with growing sources of satellite and drone imagery products is driving the geospatial imagery analytics market growth across sectors. While existing customers are utilizing newer geospatial capabilities for their operations, new customers are also entering this market. With the total global market landscape (as covered in this study) measuring more than 800 participants, the fragmentation of the market is growing with the entry of many startups.

Read Report Overview: Geospatial Imagery Analytics Market

The global geospatial customer base is adopting advanced street maps, satellite imagery, and route planners to gain location intelligence and identify the area of choice. Such intelligence merges the capabilities of geospatial technologies, data analytics, and artificial intelligence to visualize geographical patterns, routes, and spatial trends to plan, map, and optimize the positional dimension of geospatial data.

The global geospatial imagery analytics market is estimated to reach $32.78 billion in 2032 from $24.25 billion in 2021, at a growth rate of 2.90% during the forecast period 2022-2032. Geospatial imagery analytics companies have witnessed a significant demand for applications such as disaster management, agriculture, cartography, and natural resources survey.

Geospatial imagery analytics provides actionable insights to diverse end users across applications. The geo-referenced images are presented as raster and vector images. Raster images, also known as bitmaps, are individual pixels of color, whereas vector images are graphics comprising mathematical formulas and can be infinitely scaled. Geospatial imagery analytics are used for various applications such as agriculture, defense and security, mining and manufacturing, healthcare, and insurance.

Global Geospatial Imagery Analytics Market by Region

• North America - U.S., Canada
• Europe - France, Germany, Russia, U.K., and Rest-of-Europe
• Asia-Pacific - China, India, Japan, and Rest-of-Asia-Pacific
• Rest-of-the-World - the Middle East and Africa and Latin America

Europe accounted for the highest share of 29.88% in the global geospatial imagery analytics market by value in 2021, owing to a significant number of companies based in the region.

Competitive Landscape

The competitive landscape of the geospatial imagery analytics market consists of several organic and inorganic strategies followed by the key players to increase their market share. The strategies include product innovations, contracts, partnerships, acquisitions, and business expansions, among others.

Empower Your Strategies: Receive Your Sample Report and Conquer the Geospatial Imagery Analy...

Some of the key players in the global geospatial imagery analytics market include Airbus, Maxar Technology, Planet Labs, ESRI, Satellogic, ICEYE, Capella Space, and GeoOptics. These companies are aiming for a wide range of partnerships, collaborations, agreements, and contracts to expand their operations and increase their market presence globally to generate revenues and attract new customers.

Geospatial imagery analytics has gained significant importance over three years (2019-2021). Geospatial data analysis requires the collection, combination, and visualization of geospatial data. The dependence on data is only growing as companies are evolving precise and accurate analytics. With data-driven analytics, companies can achieve advance warnings of the changes which they can bring in the future event and increase the efficiency of their offerings. The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the geospatial imagery analytics study provides a broader perspective of the industry.

Recent Developments in Global Geospatial Imagery Analytics Market

• In September 2022, Satellogic signed a three-year agreement with the Government of Albania to build a dedicated constellation. The company's high-quality imagery will resolve Albania's significant issues, such as illegal construction, illegal crops, traffic management, wildlife monitoring, and border security.
• In September 2022, TomTom N.V. signed a partnership with Hyundai Motor Group (HMG) to provide its maps and real-time traffic data. HMG will use TomTom’s high-quality maps for its entire Europe vehicle lineup.
• In August 2022, Esri signed a renewed partnership with the National Technical Information Service (NTIS) of the US Department of Commerce. As per this partnership, NTIS would be able to access geospatial data in order to analyze and support government agencies in enhanced decision-making capabilities.
• In August 2022, BlackSky Technology Inc. received a contract from NASA to evaluate the quality of the company’s imaging data services for the Commercial Smallsat Data Acquisition (CSDA) Program. The company would provide its dawn-to-dusk imagery data for NASA’s Earth science mission.