In a recent published report, Kenneth Research has updated the market report for Geospatial Imagery Analytics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Geospatial Imagery Analytics Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Global Geospatial Imagery Analytics Market Overview
Geospatial imagery analytics is a wide range solution system which provides both image and video data of the earth. Geospatial imagery analytics support to integrate, operate, gather, examine and display geospatial data which is collected through GPS, satellite imagery, mapping and many other sources. Geospatial imagery analysis provides precise images related to 2D and 3D analysis. Geospatial imagery analytics supports private as well as government sectors and also inspect risk assessment and mitigation disaster management, climatic conditions and urban planning.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Market Size and Forecast
The geospatial imagery analytics market, in terms of value, is estimated USD 3.75 Billion in 2017 and is expected to grow rapidly during the forecasted period at a good CAGR. Development of geographic information system (GIS) technology and convergence of geospatial information with conventional technologies are expected to stimulate the growth of geospatial imagery analytics market globally over the forecasted period. Increase in requirement for geospatial data from the mining, engineering, manufacturing and construction industries are also expected to increase the growth of geospatial imagery analytics market globally.In terms of regional platform, Europe holds the latest market share in geospatial imagery analytics market due the advance infrastructure for image collection and calibration which in turn provides a promising environment for the adoption of geospatial imagery analytics technology. Technological advancements and rapid digitalization across all industries are expected to bolster the growth of the geospatial imagery analytics market in this region.
Geospatial Imagery Analytics
Asia Pacific is expected to be the fast growing market for geospatial imagery analytics in terms of revenue due to larger number of internet users and increasing adoption of connected devices. Increasing growth of imagery technologies along with demand for customization especially in developing economies such as China and India are expected to spur the growth of geospatial imagery analytics market in this region over the forecasted period. Growing large number of startups and government investments in geospatial imagery technology are also expected to drive the market of geospatial imagery analytics in this region.
North America is expected to show to a rapid growth during the forecasted period. For the progress of smart cities there is a high requirement for exact base maps and utilities which are provided by the geospatial imagery analytics technology. These factors are expected to stimulate the growth of geospatial imagery analytics market in this region. Rise in the production of geospatial imagery analytics due to the demand for geospatial imagery analytics in wide range of verticals such as environment monitoring, defense & security, mining & manufacturing, government, utility & natural resources, engineering & construction, insurance, agriculture, healthcare & life sciences and other markets in this region are expected to spur the growth of geospatial imagery analytics market over the forecasted period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Key players
Some of the examples of market players in the global geospatial imagery analytics market identified across the value chain include:
Hexagon AB
Harris Corporation
DigitalGlobe
ESRI
Trimble Navigation, Ltd.
MDA Corporation
General Electric
Planet Labs
RMSI Private Limited
Satellite Imaging Corporation
WS Atkins Plc.
Scope and Context
Market Segmentation
Our-in depth analysis of the global geospatial imagery analytics market includes the following segments:
By Analytics
Image Analytics
Video Analytics
By Technology
Global Positioning Systems (GPS)
Geographical Information Systems (GIS)
Remote Sensing
Unmanned Aerial Vehicles (UAVS)
Others (Helicopters, Balloons, and Airships)
By Vertical
Defense & Security
Insurance,
Agriculture
Healthcare & Life Sciences
Others
By Application
Surveillance & Monitoring
Construction & Development
Energy & Resource Management
Geospatial
Conservation & Research
Disaster Management
Exhibition & Live Entertainment
Others
By Region
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Impact).”
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
- Additional company detail analysis.
- Additional country analysis.
- Detailed segment analysis.
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About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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