United Kingdom Geospatial Imagery Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.81 Billion |
| Market Size (2029) | USD 2.45 Billion |
| CAGR (2024 - 2029) | 25.62 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United Kingdom Geospatial Imagery Analytics Market Analysis
The United Kingdom Geospatial Imagery Analytics Market size is estimated at USD 0.81 billion in 2024, and is expected to reach USD 2.45 billion by 2029, growing at a CAGR of 25.62% during the forecast period (2024-2029).
- The demand for geospatial analysis used for data capture to understand weather modeling, population forecasting, and sales trends by visualization of spatial data is fueling the commercialization of geospatial imagery analytics, supporting the market growth in the United Kingdom.
- The application of spatial resolution sensing and imagery data analytics in developing the country's agriculture sector and other end-user industries by supporting its Environmental Land Management scheme is fueling the growth of the market. For instance, in September 2023, Earth-i, a UK-based geospatial intelligence company, used Earth observation data to provide insights derived from geospatial data that deliver decision advantages for businesses, governments, and other organizations. It was awarded a significant multi-year contract to provide environmental monitoring through Planet Labs' fleet of earth imaging satellites, showing the demand for geospatial imagery analytics solutions in the country.
- Geospatial data is increasingly used to help planners and developers identify social infrastructure, facilities, and community spaces in the country's city planning. For instance, in November 2023, IBM announced that it planned to apply its geospatial AI technologies, including IBM's geospatial foundation model developed in collaboration with NASA, to climate efforts, including climate resiliency in the United Kingdom. This shows the increasing importance of geospatial imagery analytics in urban planning in the country, supporting future market growth.
- The data privacy breaching risks related to the geospatial data and their impact on national security in the United Kingdom are creating a significant market restraint for adopting the geospatial imagery analytics market. Large-scale organizations, including companies' defense and critical infrastructure businesses, have high requirements for geospatial data. However, the concern for data security and the associated risk of geo-data hacking is in line with the growth of adverse geopolitical scenarios and the increasing landscape of cyber attacks, restricting the market growth during the forecast period.
United Kingdom Geospatial Imagery Analytics Market Trends
Urban Planning in the Country for Environment Safety and Sustainable Development Drives Market Growth
- The growth of the urban population in the country, supported by the increasing job opportunities in the cities of the United Kingdom and the growth of domestic and international migrants, is fueling the demand for urban planning in the country, creating an opportunity for the geospatial imagery analytics solutions in the United Kingdom.
- Geospatial analytics aids in determining the effect of the growing population on energy, transportation, and housing resources. Planners can visualize large datasets at the speed and scale with geospatial big data analytics to reduce crime and increase urban development for public health, education, and housing/real estate in the country, supporting the market growth during the forecast period.
- In January 2023, Natural England published the Green Infrastructure Framework, a comprehensive tool to support local planning authorities and developers in designing and creating quality, nature-rich, climate-resilient urban greenspaces. It supports equitable access to greenspace across the country, with a target for developing greenspace in its local area, showing the increasing importance of sustainable development projects in the urbanization landscape of the country.
- The risk of flooding and disruption in urban areas of the country is increasing due to the high proportion of impervious surfaces (roads, paving, roofs, etc.) and a traditional drainage system not designed to accommodate the volume of rainfall. This scenario would raise the demand for geospatial imagery analytics solutions in the country due to their application in designing drainage systems in urban development projects.
- The UK government's economic growth target supports the market's growth while ensuring the protection of the environment and adapting to climate change. For instance, in April 2024, the Geospatial Commission of the United Kingdom partnered with the Alan Turing Institute to explore the opportunity of AI in long-term decisions about how to use land in the cities of the country, showing the future growth potential of the market in the United Kingdom in line with urban planning for environment safety and sustainable development.
The Environmental Monitoring Segment Contributes Significantly to the Market Share
- The demand for environmental monitoring is rising in the United Kingdom with the rise in awareness regarding the importance of monitoring the environment’s state and changes over time. This is driving the demand for geospatial imagery analytics due to its application in providing real-time imagery and video data about environmental factors, fueling market growth in the United Kingdom.
- Additionally, with the increasing adoption of environmental monitoring and conservation initiatives in the country through satellite imaging and remote sensing, leveraging satellite data, GIS professionals can monitor changes in vegetation, land cover, and water bodies, which helps monitor biodiversity and evaluate the effects of deforestation and locations vulnerable to ecological degradation.
- Furthermore, in January 2024, Innovative UK and the Department for Environment Food Rural Affairs (Defra) planned to invest GBP 5 million in collaborative projects to develop environmental monitoring solutions to enable improved monitoring of environmental variables. This would fuel the demand for technology integrations in the environmental monitoring project and drive business growth opportunities for market vendors in the United Kingdom during the forecast period.
- The UK construction industry must comply with Section 61, which includes the impact of construction projects on the environment. The regulation helps raise the demand for tracking air quality, noise monitoring, and vibration for environmental monitoring, ensuring regulatory compliance and sustainable and responsible completion of projects, which shows the demand for environmental monitoring in the country.
- The governmental strategy for adopting geospatial analytics to manage the country's weather, inhabitants, and other environmental factors supports market growth. For instance, in April 2023, the UK Geospatial Commission launched a pilot program for the use of Earth observation data in public services, including environmental monitoring, showing the importance of geospatial data for analytics and managing the environmental policies in the country. These factors may fuel the market growth in the future.
United Kingdom Geospatial Imagery Analytics Industry Overview
The UK geospatial imagery analytics market consists of many local and multi-national solution providers, making the market is semi fragmented. The market has been registering active investments by the market vendors for portfolio expansions, supported by the renewal of contracts with the end users through partnerships and collaborations, helping the companies to increase their market presence in the country.
- In August 2023, the United Kingdom's Met Office announced the launch of its new climate portal, built on geospatial technology from ESRI UK, including its geospatial imagery analytics, which organizations within government, insurance, transportation, energy, land use, urban planning, and healthcare in the country can use. This collaboration of market vendors with governmental organizations would support the company's market presence.
United Kingdom Geospatial Imagery Analytics Market Leaders
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Hexagon AB
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ESRI (UK) LIMITED
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Trimble Inc.
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TomTom International BV.
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L3Harris Technologies Inc.
*Disclaimer: Major Players sorted in no particular order
United Kingdom Geospatial Imagery Analytics Market News
- March 2024 - Ursa Space Systems has partnered with British firm Maiar to deliver advanced geospatial and open-source analytics to defense clients in the UK. Ursa's platform aggregates satellite imagery from multiple commercial constellations, offering data fusion and analytic services to swiftly extract critical insights from space-based data.
- January 2024 - Placer.ai, specializing in location analytics, has teamed up with Esri, one of the leaders in geographic information system (GIS) technology. This strategic partnership aims to introduce advanced analytics, empowering customers to harness consumer behavior insights for targeted site and trade area intelligence. Furthermore, the collaboration seeks to merge their products, unveiling enhanced features. As retail and commercial property operators strive to optimize their physical presence, the significance of location data and analytics in this endeavor has never been more pronounced.
United Kingdom Geospatial Imagery Analytics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Advancements in the Use of Data Analytics Solutions Across the End Users
5.1.2 The Growth of Urban Planning in the Country for Environmental Safety and Sustainable Development
5.2 Market Restraints
5.2.1 High Costs and Operational Concerns
5.2.2 Concerns related to Geoprivacy and Confidential Data
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Imagery Analytics
6.1.2 Video Analytics
6.2 By Deployment Mode
6.2.1 On-premise
6.2.2 Cloud
6.3 By Organization Size
6.3.1 SMEs
6.3.2 Large Enterprises
6.4 By Verticals
6.4.1 Insurance
6.4.2 Agriculture
6.4.3 Defense and Security
6.4.4 Environmental Monitoring
6.4.5 Engineering and Construction
6.4.6 Government
6.4.7 Others
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Hexagon AB
7.1.2 ESRI (UK) Limited
7.1.3 TomTom International BV
7.1.4 Trimble Inc.
7.1.5 L3Harris Technologies Inc.
7.1.6 Maxar Technologies
7.1.7 Google LLC
7.1.8 Microsoft Corporation
7.1.9 Bluesky International Ltd
7.1.10 Oracle Corporation
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
United Kingdom Geospatial Imagery Analytics Industry Segmentation
Geospatial imagery analytics is a comprehensive solution system that provides imagery analytics from data collected through satellite images, including video and image data, of the earth for various applications across the end-user segments, including business intelligence, urban planning, and climate control solutions.
The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the market, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued through the sale of grown geospatial imagery analytics services used in various end-user industries across geography. In addition, the study provides the geospatial imagery analytics market trends, along with crucial vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem.
The UK geospatial imagery analytics market is segmented by type (imagery analytics and video analytics), deployment mode (on-premise and cloud), organization size (SMEs and large enterprises), and verticals (insurance, agriculture, defense and security, environmental monitoring, engineering and construction, and government). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Imagery Analytics | |
| Video Analytics |
| By Deployment Mode | |
| On-premise | |
| Cloud |
| By Organization Size | |
| SMEs | |
| Large Enterprises |
| By Verticals | |
| Insurance | |
| Agriculture | |
| Defense and Security | |
| Environmental Monitoring | |
| Engineering and Construction | |
| Government | |
| Others |
United Kingdom Geospatial Imagery Analytics Market Research FAQs
How big is the United Kingdom Geospatial Imagery Analytics Market?
The United Kingdom Geospatial Imagery Analytics Market size is expected to reach USD 0.81 billion in 2024 and grow at a CAGR of 25.62% to reach USD 2.45 billion by 2029.
What is the current United Kingdom Geospatial Imagery Analytics Market size?
In 2024, the United Kingdom Geospatial Imagery Analytics Market size is expected to reach USD 0.81 billion.
Who are the key players in United Kingdom Geospatial Imagery Analytics Market?
Hexagon AB, ESRI (UK) LIMITED, Trimble Inc., TomTom International BV. and L3Harris Technologies Inc. are the major companies operating in the United Kingdom Geospatial Imagery Analytics Market.
What years does this United Kingdom Geospatial Imagery Analytics Market cover, and what was the market size in 2023?
In 2023, the United Kingdom Geospatial Imagery Analytics Market size was estimated at USD 0.60 billion. The report covers the United Kingdom Geospatial Imagery Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Geospatial Imagery Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United Kingdom Geospatial Imagery Analytics Industry Report
Statistics for the 2024 United Kingdom Geospatial Imagery Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Kingdom Geospatial Imagery Analytics analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
