Market Highlights

The global Geospatial Imagery Analytics Industry is relied upon to show a solid 24.57% CAGR over the figure time frame from 2018 to 2023, as per the most recent research report from Market Research Future (MRFR). The global geospatial imagery analytics market was esteemed at USD 3.22 billion of every 2017 and is relied upon to ascend to a valuation of USD 11.16 billion by 2023, as per the report. The report presents an itemized investigation of the market's significant drivers and limitations, including an appraisal of the effect of the COVID-19 pandemic on the market. The main players working in the global geospatial imagery analytics market are additionally profiled exhaustively in the report.

Geospatial imagery analytics is a new field of research created because of the developing interest in space investigation and the business employments of the equivalent. Geospatial imagery incorporates pictures taken from space or geostationary circle, which can be utilized for social occasion data on different parts of the scene being imagined. The developing utilization of room imagery in natural checking is probably going to be a significant driver for the global geospatial imagery analytics market over the gauge time frame. Natural observing has been made a lot simpler by the coming of geospatial imaging, as it considers an unmistakable image of different ecological variables affecting the environment in the world. Expanding interest in ecological checking from states all over the planet has been a significant driver for the global geospatial imagery analytics market throughout the most recent couple of years. The expanding commonness of fierce blazes is probably going to be a significant driver for the global geospatial imagery analytics market, as geospatial imagery analytics give an unmistakable inclusion of timberland fires and can propose the most productive approaches to managing the flames.

The developing utilization of geospatial imagery analytics in horticulture and mining is additionally prone to be a significant driver for the global geospatial imagery analytics market over the conjecture time frame. Geospatial imagery analytics furnishes the agribusiness area with an exact outline of ranch sizes and areas, considering exact tasks through the whole area. Developing interest for huge scope cultivating is probably going to be a significant driver for the global geospatial imagery analytics market over the conjecture time frame. The mining area is additionally a significant end client of geospatial imagery analytics, as it permits the mining area an unmistakable outline of mining activities in a given site and takes into consideration the improvement of simple and proficient arrangements.

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Segmentation:

Leading players in the global geospatial imagery analytics market include Satellite Imaging Corporation, KeyW Corporation, Fugro NV, UrtheCast Corporation, Planet Labs, RMSI, Trimble, Google, Environmental Systems Research Institute, DigitalGlobe, Harris Corporation, and Hexagon AB.

In September 2018, DigitalGlobe, a vendor of geospatial imagery solutions, received a contract of USD 3.2 million from US defense advanced research projects agency (DARPA). Under this contract, DigitalGlobe has to provide an unclassified environment for geospatial cloud analytics platform. This platform, with the help of machine learning technology, is expected to help the military in getting real-time insights about the commercial data, that would help them in quick decision making.

In March 2018, Microsoft Corporation, in collaboration with Esri, introduced artificial intelligence-based geospatial analytics in its Azure products.

The global geospatial imagery analytics market is segmented on the basis of type, application, end use, and region.

By type, the global geospatial imagery analytics market is segmented into imagery analytics and video-based analytics.

By application, the global geospatial imagery analytics market is segmented into drones/UAVs, space and satellites, geographic information systems, aircraft, and others.

By end use vertical, the global geospatial imagery analytics market is segmented into defense and security, environmental monitoring, mining, manufacturing, energy and utility, agriculture, healthcare and life sciences, and others.

Regional Analysis:

Europe holds the largest share in the global geospatial imagery analytics market, followed by North America. These two regions have benefitted from the extensive investment from governments in the space exploration field. Germany, France, Russia, the U.S., and China are among the leading regional markets for geospatial imagery analytics.

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Geospatial Imagery Analytics Market Research Report: by Vertical (Agriculture, Healthcare, Manufacturing, and Environmental Monitoring), by Application (Drone, Space, Satellite, GIS, and Aircraft), by Type (Image Analytics) — Forecast till 2027

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