Geospatial Solutions Market

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Geospatial Solutions Market Research Report – Segmented By Technology (Geospatial Analytics, GNSS & Positioning, Scanning, Earth Observation), Solution Type (Hardware, Software, Service), Application (Planning & Analysis, Asset Management, Surveying & Mapping, Geo-visualization, Others), End user (Transportation, Défense & Intelligence, Infrastructural Development, Others), and Region - Industry Forecast 2022–2027

Published: April, 2022

ID: 13000

Pages: 150

Geospatial Solutions Market Size (2022 – 2027)

The Geospatial Solutions Market was worth US$ 270.5 billion in 2021 and is projected to reach the valuation of US$ 603.3 billion by 2027 and is predicted to register a CAGR of 12.5% during 2022-2027.

The rising trend of integrating geospatial systems with traditional processes and releasing solutions is expected to promote market growth. The growing need for innovative technologies in emerging countries, as well as the introduction of the concept of smart cities, are projected to increase the market for geospatial solutions. The geospatial solutions market is expected to increase at a rapid rate during the forecast period as the number of GPS-enabled smartphone devices grows.

Geographic Information System (GIS), Global Positioning System (GPS), and Remote Sensing (RS), a technology that enables a totally different way of making and using maps that are needed to govern communities and industries, are all part of the burgeoning field of geospatial technology. We can use geospatial technology to collect data that is georeferenced and use it for analysis, modelling, simulations, and visualisation. Geographic solutions are used to create geospatial data models and solutions across many sectors. They integrate sensors, real-time communications, field apps, field and back-office processing, modelling, and analytics to provide effective workflow, high quality, and data interchange to drive productivity, efficiency, and safety. As a result, you'll have a wealth of correct data that you can turn into the insight you need to make decisions.

MARKET DRIVERS

The expanding uses of geospatial solutions, followed by the integration of modern technologies in GIS applications, can be contributed to the market's rise.

Spatial and geographic data are analysed and studied using geographic information systems (GIS). The integration of technologies such as Augmented Reality (AR), 3D printing, and Artificial Intelligence (AI) into geospatial solutions is expected to drive market expansion. Furthermore, the market is expected to grow as a result of increasing research efforts related to space and the earth, as well as consistent funding in these research activities. Furthermore, the growing adoption of the Global Positioning System (GPS) around the world is likely to boost market growth.

MARKET RESTRAINTS

There are some constraints and hurdles that will stymie the overall expansion of the Geospatial Solutions market. Stringent regulatory regulations and legalities may prove to be the source of market growth restraint.

Market Segmentation

Geospatial Solutions Market - By Technology:

Geospatial Analytics
GNSS & Positioning
Scanning
Earth Observation

The market is divided into Geospatial Analytics, GNSS & Positioning, Scanning, and Earth Observation based on technology. Satellite images, Light Detection and Ranging (LiDAR), and similar technologies have all grown in popularity in recent years. Earth observation satellites track changes in anything from temperature to forestation to ice sheet coverage on the planet. During the projected period, the earth observation sector is expected to dominate the market.

Geospatial Solutions Market - By Solution Type:

Hardware
Software
Service

The market is divided into three categories based on solution type: hardware, software, and service. The introduction of software into the geospatial solution sector has simplified complicated situations. The geospatial-specific software provides a platform that serves as a user interface for executing and analysing diverse geospatial data. As a result, the software segment accounts for the majority of market revenue and hence has a larger portion of the geospatial technologies and solutions sector.

Geospatial Solutions Market - By Application:

Planning & Analysis
Asset Management
Surveying & Mapping
Geo-visualization
Others

The market is divided into Planning & Analysis, Asset Management, Surveying & Mapping, Geo-visualization, and Others based on application. The greatest segment is surveying and mapping. The surveying and mapping solution market is growing due to an increase in the trend of using technologies such as lidar and remote sensing for data capture. The Planning and Analysis area, on the other hand, is expected to develop at the quickest rate. During the projected period, the market is expected to be driven by growing applications such as telecom, urban planning, transportation planning, environmental planning, and land use planning.

Geospatial Solutions Market - By End User:

Transportation
Défense & Intelligence
Infrastructural Development
Others

Transportation, Défense & Intelligence, Infrastructural Development, and Others are the end-user segments of the market. Défense & Intelligence is the most popular segment among end-users, owing to widespread application in both developed and developing countries. However, due to the massive infrastructure operations currently underway, Infrastructural Development will increase at a high rate during the projection period.

Geospatial Solutions Market – By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

In the past, North America controlled the market. The market in North America is expected to increase due to the growing trend of geospatial technologies being integrated into mainstream technology. Currently, the United States is predicted to have the highest consumption of geospatial solutions in the North American region, with a CAGR of 11.7 percent from 2022 to 2027.

However, due to the quickly increasing technology hub, Asia-Pacific is expected to be the fastest-growing category during the forecast period. With a CAGR of 13.9 percent between 2022 and 2029, China is expected to lead the worldwide geospatial solution market in terms of growth. China has consistently enhanced its military capability in the areas of air, land, and sea, fuelling the growth of the geospatial solution market.

The geospatial solution industry in the United Kingdom is estimated to reach a valuation of US$ 95.7 by 2029. In European countries such as the United Kingdom, France, Germany, and others, demand for geospatial solutions is expected to expand rapidly in the future years. This is due to Europe's robust defence and internal security systems, as well as its growing urbanisation.

Saudi Arabia topped the geospatial analytics market in the Middle East and Africa in 2021, followed by Turkey. The geospatial solution market in the Middle East and Africa is growing as a result of measures taken by central governments in countries such as Saudi Arabia to examine geospatial imaging, as well as investments made by numerous governments in the region.

The Latin American geospatial analytics industry is growing as a result of increased government focus and initiatives, such as the creation of a special department to oversee growth and innovation in geospatial imaging, as well as NASA's efforts to give satellite imagery to Mexico.

Key Players

Trimble Inc.
Pitney Bowes Inc
Hexagon AB
Maxar Technologies
Harris Corporation
Apple Inc.
Amazon Web Services, Inc.
IBM
Oracle
SAP

Recent Developments

Satellogic Inc. (NASDAQ: SATL), a leader in collecting sub-meter resolution satellite imagery, has teamed up with Geollect, a global leader in geospatial intelligence and data analysis, to provide unrivalled maritime domain awareness capabilities.

1. Introduction

1.1 Market Definition

1.2 Scope of the report

1.3 Study Assumptions

1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology

2.1 Analysis Design

2.2 Research Phases

2.2.1 Secondary Research

2.2.2 Primary Research

2.2.3 Data Modelling

2.2.4 Expert Validation

2.3 Study Timeline

3. Report Overview

3.1 Executive Summary

3.2 Key Inferencees

4. Market Dynamics

4.1 Impact Analysis

4.1.1 Drivers

4.1.2 Restaints

4.1.3 Opportunities

4.2 Regulatory Environment

4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis

5.1 Key Player Benchmarking

5.1.1 Market share analysis

5.1.2 Products/Service

5.1.3 Regional Presence

5.2 Mergers & Acquistion Landscape

5.3 Joint Ventures & Collaborations

6. Market Segmentation

6.1 Geospatial Solutions Market , By Technology

6.1.1 Geospatial Analytics

6.1.2 GNSS & Positioning

6.1.3 Scanning

6.1.4 Earth Observation

6.1.5 Market Size Estimations & Forecasts (2022-2027)

6.1.6 Y-o-Y Growth Rate Analysis

6.1.7 Market Attractiveness Index

6.2 Geospatial Solutions Market , By Solution Type

6.2.1 Hardware

6.2.2 Software

6.2.3 Service

6.2.4 Market Size Estimations & Forecasts (2022-2027)

6.2.5 Y-o-Y Growth Rate Analysis

6.2.6 Market Attractiveness Index

6.3 Geospatial Solutions Market , By Application

6.3.1 Planning & Analysis

6.3.2 Asset Management

6.3.3 Surveying & Mapping

6.3.4 Geo-visualization

6.3.5 Others

6.3.6 Market Size Estimations & Forecasts (2022-2027)

6.3.7 Y-o-Y Growth Rate Analysis

6.3.8 Market Attractiveness Index

6.4 Geospatial Solutions Market , By End user

6.4.1 Transportation

6.4.2 Défense & Intelligence

6.4.3 Infrastructural Development

6.4.4 Others

6.4.5 Market Size Estimations & Forecasts (2022-2027)

6.4.6 Y-o-Y Growth Rate Analysis

6.4.7 Market Attractiveness Index

7. Geographical Landscape

7.1 Global Geospatial Solutions Market , by Region

7.2 North America - Market Analysis (2022-2027)

7.2.1 By Country

7.2.1.1 USA

7.2.1.2 Canada

7.2.2 By Technology

7.2.3 By Solution Type

7.2.4 By Application

7.2.5 By End user

7.3 Europe

7.3.1 By Country

7.3.1.1 UK

7.3.1.2 France

7.3.1.3 Germany

7.3.1.4 Spain

7.3.1.5 Italy

7.3.1.6 Rest of Europe

7.3.2 By Technology

7.3.3 By Solution Type

7.3.4 By Application

7.3.5 By End user

7.4 Asia Pacific

7.4.1 By Country

7.4.1.1 China

7.4.1.2 India

7.4.1.3 Japan

7.4.1.4 South Korea

7.4.1.5 South East Asia

7.4.1.6 Australia & NZ

7.4.1.7 Rest of Asia-Pacific

7.4.2 By Technology

7.4.3 By Solution Type

7.4.4 By Application

7.4.5 By End user

7.5 Latin America

7.5.1 By Country

7.5.1.1 Brazil

7.5.1.2 Argentina

7.5.1.3 Mexico

7.5.1.4 Rest of Latin America

7.5.2 By Technology

7.5.3 By Solution Type

7.5.4 By Application

7.5.5 By End user

7.6 Middle East and Africa

7.6.1 By Country

7.6.1.1 Middle East

7.6.1.2 Africa

7.6.2 By Technology

7.6.3 By Solution Type

7.6.4 By Application

7.6.5 By End user

8. Key Player Analysis

8.1 Trimble Inc.

8.1.1 Business Description

8.1.2 Products/Service

8.1.3 Financials

8.1.4 SWOT Analysis

8.1.5 Recent Developments

8.1.6 Analyst Overview

8.2 Pitney Bowes Inc

8.3 Hexagon AB

8.4 Maxar Technologies

8.5 Harris Corporation

8.6 Apple Inc.

8.7 Amazon Web Services, Inc.

8.8 IBM

8.9 Oracle

8.10 SAP

9. Market Outlook & Investment Opportunities

Appendix

List of Tables

List of Figures

Global Geospatial Solutions Market By Region, From 2022-2027 ( USD Billion )
Global Geospatial Solutions Market By Technology , From 2022-2027 ( USD Billion )
Global Geospatial Analytics Market By Region, From 2022-2027 ( USD Billion )
Global GNSS & Positioning Market By Region, From 2022-2027 ( USD Billion )
Global Scanning Market By Region, From 2022-2027 ( USD Billion )
Global Earth Observation Market By Region, From 2022-2027 ( USD Billion )
Global Geospatial Solutions Market By Solution Type, From 2022-2027 ( USD Billion )
Global Hardware Market By Region, From 2022-2027 ( USD Billion )
Global Software Market By Region, From 2022-2027 ( USD Billion )
Global Service Market By Region, From 2022-2027 ( USD Billion )
Global Geospatial Solutions Market By Application, From 2022-2027 ( USD Billion )
Global Planning & Analysis Market By Region, From 2022-2027 ( USD Billion )
Global Asset Management Market By Region, From 2022-2027 ( USD Billion )
Global Surveying & Mapping Market By Region, From 2022-2027 ( USD Billion )
Global Geo-visualization Market By Region, From 2022-2027 ( USD Billion )
Global Others Market By Region, From 2022-2027 ( USD Billion )
Global Geospatial Solutions Market By End user , From 2022-2027 ( USD Billion )
Global Transportation Market By Region, From 2022-2027 ( USD Billion )
Global Défense & Intelligence Market By Region, From 2022-2027 ( USD Billion )
Global Infrastructural Development Market By Region, From 2022-2027 ( USD Billion )
Global Others Market By Region, From 2022-2027 ( USD Billion )