Geospatial Market Research Report - Global Forecast 2027

Global Geospatial Market, By Type (Network Analytics, Surface Analytics, Geo-visualization), By Technology (GPS, Remote Sensing, GIS) , By End-users (Automotive, Government, Defense & Intelligence) - Forecast 2027

ID: MRFR/ICT/1808-HCR | February 2021 | Region: Global | 100 pages

Market Overview

Geospatial Market is a combination of 2 concepts. Geo stands for earth, and spatial refers to the description of anything that can take up matter or space. So, the geospatial market deals with all the things that have mass, occupy space, on the geographical locations of the earth. The geospatial market includes data that helps in providing information about anything that occupies space on earth’s geographical locations. The geospatial market report portrays the increase of ML, and AI-based solutions that are based on GIS, increase in the development of the small cities that are playing a major role in the urbanization of the cities, as well. Also, the big companies of the geospatial market are adapting to the advancement of big data analytics.

 

All these factors are well contributing to the market’s growth by the end of the global forecast ending in 2022. The market is expected to grow at a 12.9% CAGR, along with a market valuation of USD 96.3 billion.

 

COVID 19 Analysis

The wide outbreak of the coronavirus pandemic has resulted in a major reduction in the level of production and manufacturing firms. But, for geospatial analytics, the outbreak has brought in huge growth opportunities. The market is witnessing a growth in the people opting for smart wearables, robots and drones, and much more. Also, the GIS, as well as, the maps help the established organizations to respond to the situation of crisis and continue their operational work on a large scale. This will also help many companies to reopen and function properly.

 

Comparative studies are being conducted for the GIS, which is expected to increase the levels of understanding and conducting an analysis of the pattern of the pandemic. Also, GIS can largely help in monitoring the facilities, along with the interventions.

 

Market Dynamics

Drivers

The past few years have witnessed a significant rise in ML, as well as AI capabilities. If these capabilities are combined with the geospatial data, they can well enhance the insights that are related to the organizations. Also, there is an increase in the providers of geospatial analytic solutions. These providers are well conducting the deployment of the technology-based solutions. All these market drivers are playing a major role in the market growth by the end of the global forecast to 2022.


Restraints

The government regulations with regards to restricting access to individual data are emerging as a major restraint for the market growth by the end of the future forecast to 2022. The use of the data without the user permissions is giving rise to privacy concerns that play a major role in collecting the locconcerningata. The process of data collection is important for the geospatial market factors and their growth. However, the rules of government and the regulations laid down are restricting the overall process.

 

Technology Analysis

For an accurate collection of geospatial data, there is a vibrant need for the deployment of the 5G technology. These are emerging as great growth opportunities for the vendors of geospatial analytics. The market is emerging on 3 major bands namely low, mid, as well as high-band spectrum. Owing to the establishment of the 5G infrastructure, there is an emerging need for the adoption of geospatial technology in various market sectors. All these factors are playing a key role in increase the geospatial market size.

 

Study Objectives


  • To understand the market overview and scope of the market growth by the end of the global forecast to 2022.

  • To have an insight into the market segment, sub-segments, their growth, along with their contribution on a global level

  • To analyze the key market players and their functioning that will help in drawing a competitive landscape for the market.

  • Notice the recent market developments that support the prediction related to the future market forecast. Also, the report aims to understand the contributory factors on both the regional, as well as the global level.

  • To understand the market competencies, mergers, product developments, acquisitions, and much more to support the prediction for the future period of 2022.


Segment Overview

The geospatial market segments contain bifurcation based on the type, technology, end-users, as well as functioning reasons in the market. These segments have a major role to play in the overall market growth in the future period.

 

Type

Based on type, the type of segment includes the surface and network analysis, along with the geo-visualization, amongst others.

 

Technology

The market segment of technology includes remote sensing, GPS, as well as, GIS, which are made available for customer convenience.

 

End-users

The end-users of the market can be both individuals, as well as, organizations, to whom, the geospatial services and data are made available. These include the business and automotive, government sectors, defense and intelligence departments, natural resources, utility, communication, and much more.

 

Regional Analysis

The geospatial market trends indicate that the market is extended to 4 major regions. These are the North American regions, European nations, Asian Pacific countries, along the rest of the world (RoW). The study indicates that the Asian Pacific regions are expected to have the highest market share by the end of the future forecast to 2022.


The main reason behind this is the mass adoption of geospatial technologies and analytics across various market verticals. This region is also witnessing a major development of both the 5G, as well as the geospatial infrastructure that is further fueling the growth of the market in this region. Following this trend, a good quantum of growth is also expected by the companies operating in the North American regions by the end of the future forecast.

 

Competitive Landscape

The geospatial market sales are largely dependant on the functions undertaken by the key market players on the global levels. The performance of these key players is more than important to indicate the growth of the geospatial market industry by the end of the future forecast to 2022. These are:


  • Harris Corporation (U.S.)

  • RMSI (India)

  • DigitalGlobe, Inc. (U.S.)

  • Fugro N.V. (Netherlands)

  • Hexagon AB (Sweden)

  • ESRI (U.S.)

  • General Electric Co. (U.S.)

  • MacDonald, Dettwiler & Associates, Ltd. (Canada)

  • Trimble Navigation LTD. (U.S.)

  • Bentley Systems, Inc. (U.S.)


Recent Developments


  • Oracle Corporation added to its idea of machine learning, as well as spatial and graphic features with respect to the Oracle database. This happened back in December 2019 and helped to get across a feature that could be well used for the deployment, and purposes of development.

  • Also, Oracle Corporation is on its way to enhancing the benefits rendered by Oracle’s multimodal that lends its support to data types and models, algorithms, in a single database.

  • New products were launched by Alteryx that helped in delivering better performance and ensured better usage. Alteryx Analytics Hub is also on its way to improvising the value, and power enjoyed by the APA platform. This was formulated in June 2020.

  • Esri lent its support to the SAP cloud platform, as well as the HANA service. SAP announced in July 2019, that Esri is lending its support to these platforms and services that marked the availability of the database as a service. This is one of its kind in the field of the geospatial market industry.


Report Overview

The geospatial business report will lend its support to both the existing market players, as well as the new entries in the market. Also, this report contains the close proximations related to the market growth by the end of the future forecast in 2022. The impact of COVID 19 on the market has brought in various opportunities for product diversification and advancements. Also, the report will help the company stakeholders to analyze the competitive landscape and get a better hand on the market insights for better business positioning, along with the implementable market strategies. The report also consists of the market pulse in the name of the market growth, opportunities, restraints, as well as technological analysis. The report is a clear depiction of the global market functioning that is based on historic undertakings, recent developments, and plans for future growth. The report contains all the necessary information that will help the potential investors to make a good investment by predicting the market growth by the end of the global forecast to 2022.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 96.3 Billion (2022)
  CAGR   12.9% (2022)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bentley Systems, Inc. (U.S.), DigitalGlobe, Inc. (U.S.), General Electric Co. (U.S.), Harris Corporation (U.S.), Dettwiler & Associates, Ltd. (Canada), ESRI (U.S.), Hexagon AB (Sweden), Fugro N.V. (Netherlands), MacDonald, Trimble Navigation LTD. (U.S.), and RMSI (India)
  Key Market Opportunities   The impact of COVID 19 on the market has brought in various opportunities for product diversification and advancements.
  Key Market Drivers

  • These providers are well conducting the deployment of the technology-based solutions.
  • All these market drivers are playing a major role in the market growth.


  • Frequently Asked Questions (FAQ) :


    ● Manufacturers and distributors ● Research, development, as well as, consultancy firms ● Software vendors and developers ● Manufacturers of the semiconductor products ● Company stakeholders and potential investors ● Investors in technology ● Market end-users

    The APAC region is expected to rise as a dominant force by the end of the future forecast of 2022.

    The market is segmented based on the types, regions, technology implemented, as well as, the end-users of the services and geospatial data.

    TABLE OF CONTENTS
    1 MARKET INTRODUCTION

    1.1 INTRODUCTION

    1.2 SCOPE OF STUDY

    1.2.1 RESEARCH OBJECTIVE

    1.2.2 ASSUMPTIONS

    1.2.3 LIMITATIONS

    1.3 MARKET STRUCTURE
    2 RESEARCH METHODOLOGY

    2.1 RESEARCH NETWORK SOLUTION

    2.2 PRIMARY RESEARCH

    2.3 SECONDARY RESEARCH

    2.4 FORECAST MODEL

    2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

    2.4.2 MARKET SIZE ESTIMATION
    3 MARKET DYNAMICS

    3.1 INTRODUCTION

    3.2 MARKET DRIVERS

    3.3 MARKET CHALLENGES

    3.4 MARKET OPPORTUNITIES

    3.5 MARKET RESTRAINTS

    4 EXECUTIVE SUMMARY

    5. MARKET FACTOR ANALYSIS

    5.1 PORTER’S FIVE FORCES ANALYSIS

    5.2 SUPPLY CHAIN ANALYSIS

    6 GLOBAL GEOSPATIAL MARKET, BY SEGMENTS

    6.1 INTRODUCTION

    6.2 MARKET STATISTICS

    6.2.1 BY TYPE

    6.2.1.1 SURFACE ANALYTICS

    6.2.1.2 NETWORK ANALYTICS

    6.2.1.3 GEOVISUALIZATION

    6.2.1.4 OTHERS

    6.2.2 BY TECHNOLOGY

    6.2.2.1 REMOTE SENSING

    6.2.2.2 GPS

    6.2.2.2 GIS

    6.2.2.3 OTHERS

    6.2.3 BY END-USERS

    6.2.3.1 BUSINESS

    6.2.3.2 AUTOMOTIVE

    6.2.2.3 UTILITY & COMMUNICATION

    6.2.2.4 GOVERNMENT

    6.2.2.5 DEFENSE & INTELLIGENCE

    6.2.2.6 NATURAL RESOURCES

    6.2.2.7 OTHERS

    6.2.4 BY GEOGRAPHY

    6.2.4.1 NORTH AMERICA

    6.2.4.2 EUROPE

    6.2.4.3 ASIA-PACIFIC

    6.2.4.4 REST OF THE WORLD

    7 COMPETITIVE ANALYSIS

    7.1 MARKET SHARE ANALYSIS

    7.2 COMPANY PROFILES

    7.2.1 DIGITALGLOBE, INC. (U.S.)

    7.2.2 HEXAGON AB (SWEDEN)

    7.2.3 BENTLEY SYSTEMS, INC. (U.S.)

    7.2.4 GENERAL ELECTRIC CO. (U.S.)

    7.2.5 ESRI (U.S.),

    7.2.6 TRIMBLE NAVIGATION LTD. (U.S.)

    7.2.7 MACDONALD, DETTWILER & ASSOCIATES, LTD. (CANADA)

    7.2.8 FUGRO N.V. (NETHERLANDS)

    7.2.9 RMSI (INDIA)

    7.2.10 HARRIS CORPORATION (U.S)

    7.2.11 OTHERS


    LIST OF TABLES
    TABLE 1 GLOBAL GEOSPATIAL MARKET, BY TYPE

    TABLE 2 GLOBAL GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 3 GLOBAL GEOSPATIAL MARKET, BY END-USERS

    TABLE 4 GLOBAL GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 5 NORTH AMERICA GEOSPATIAL MARKET, BY TYPE

    TABLE 6 NORTH AMERICA GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 7 NORTH AMERICA GEOSPATIAL MARKET, BY END-USERS

    TABLE 8 NORTH AMERICA GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 9 U.S. GEOSPATIAL MARKET, BY TYPE

    TABLE 10 U.S GEOSPATIAL MARKET, TECHNOLOGY

    TABLE 11 U.S. GEOSPATIAL MARKET, BY END-USERS

    TABLE 12 U.S. GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 13 CANADA GEOSPATIAL MARKET, BY TYPE

    TABLE 14 CANADA GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 15 CANADA GEOSPATIAL MARKET, BY END-USERS

    TABLE 16 CANADA GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 17 EUROPE GEOSPATIAL MARKET, BY TYPE

    TABLE 18 EUROPE GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 19 EUROPE GEOSPATIAL MARKET, BY END-USERS

    TABLE 20 EUROPE GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 21 GERMANY GEOSPATIAL MARKET, BY TYPE

    TABLE 22 GERMANY GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 23 GERMANY GEOSPATIAL MARKET, BY END-USERS

    TABLE 24 GERMANY GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 25 FRANCE GEOSPATIAL MARKET, BY TYPE

    TABLE 26 FRANCE GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 27 FRANCE GEOSPATIAL MARKET, BY END-USERS

    TABLE 28 FRANCE GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 29 U.K. GEOSPATIAL MARKET, BY TYPE

    TABLE 30 U.K. GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 31 U.K. GEOSPATIAL MARKET, BY END-USERS

    TABLE 32 U.K. GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 33 REST OF EUROPE GEOSPATIAL MARKET, BY TYPE

    TABLE 34 REST OF EUROPE GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 35 REST OF EUROPE GEOSPATIAL MARKET, BY END-USERS

    TABLE 36 REST OF EUROPE GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 37 ASIA-PACIFIC GEOSPATIAL MARKET, BY TYPE

    TABLE 38 ASIA-PACIFIC GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 39 ASIA-PACIFIC GEOSPATIAL MARKET, BY END-USERS

    TABLE 40 ASIA-PACIFIC GEOSPATIAL MARKET, BY GEOGRAPHY

    TABLE 41 MIDDLE EAST & AFRICA GEOSPATIAL MARKET, BY TYPE

    TABLE 42 MIDDLE EAST & AFRICA GEOSPATIAL MARKET, BY TECHNOLOGY

    TABLE 43 MIDDLE EAST & AFRICA GEOSPATIAL MARKET, BY END-USERS

    TABLE 44 MIDDLE EAST & AFRICA GEOSPATIAL MARKET, BY GEOGRAPHY


    LIST OF FIGURES
    FIGURE 1 RESEARCH TECHNOLOGY

    FIGURE 2 GLOBAL GEOSPATIAL MARKET, BY TYPE (%)

    FIGURE 3 GLOBAL GEOSPATIAL MARKET, BY TECHNOLOGY (%)

    FIGURE 4 GLOBAL GEOSPATIAL MARKET, BY END-USERS (%)

    FIGURE 5 GLOBAL GEOSPATIAL MARKET, BY REGIONS (%)

    FIGURE 6 NORTH AMERICA GEOSPATIAL MARKET, BY COUNTRY(%)

    FIGURE 7 NORTH AMERICA GEOSPATIAL MARKET, BY TYPE (%)

    FIGURE 8 NORTH AMERICA GEOSPATIAL MARKET, BY TECHNOLOGY (%)

    FIGURE 9 NORTH AMERICA GEOSPATIAL MARKET, BY END-USERS (%)

    FIGURE 10 EUROPE GEOSPATIAL MARKET, BY COUNTRY (%)

    FIGURE 11 EUROPE GEOSPATIAL MARKET, BY TYPE (%)

    FIGURE 12 EUROPE GEOSPATIAL MARKET, BY TECHNOLOGY (%)

    FIGURE 13 EUROPE GEOSPATIAL MARKET, BY END-USERS (%)

    FIGURE 14 ASIA-PACIFIC GEOSPATIAL MARKET, BY COUNTRY (%)

    FIGURE 15 ASIA-PACIFIC GEOSPATIAL MARKET, BY TYPE (%)

    FIGURE 16 ASIA-PACIFIC GEOSPATIAL MARKET, BY TECHNOLOGY (%)

    FIGURE 17 ASIA-PACIFIC GEOSPATIAL MARKET, BY END-USERS (%)

    FIGURE 18 REST OF THE WORLD GEOSPATIAL MARKET, BY COUNTRY (%)

    FIGURE 19 REST OF THE WORLD GEOSPATIAL MARKET, BY TYPE (%)

    FIGURE 20 REST OF THE WORLD GEOSPATIAL MARKET, BY TECHNOLOGY (%)

    FIGURE 21 REST OF THE WORLD GEOSPATIAL MARKET, BY END-USERS (%)