Market Trends of UK Satellite Imagery Services Industry
Rising Smart City Initiatives in the Country Significantly Drives the Market
- Satellite Imagery services enable cities in the United Kingdom to understand their urban environment better, and by analyzing the imagery, cities can identify areas that need improvement, such as areas with high levels of air pollution, transportation development, and grid network improvement for efficiency, creating an opportunity for the market vendors in the United Kingdom.
- In addition, satellite imagery can then be used to create plans for improving the city's smart grid infrastructure and services, creating a demand for the market in the United Kingdom. For instance, in December 2022, National Grid, a public company for electricity distribution in the country, planned to use satellite imagery to boost the resilience of the country's grid network and has projected to save EUR 22 Million (approximately USD 24 million) in 10 years.
- Satellite imagery services raise the security and surveillance standard in the country's smart city, and by leveraging high-resolution images from space, cities can detect environmental changes and respond quickly to potential threats, which includes monitoring traffic, spotting fires, and identifying suspicious activity. Additionally, satellite imagery can track the movement of people and vehicles, allowing for better security planning and response and driving the adoption of the market in the emergence of smart cities in the country.
- Satellite imagery can be used to monitor air quality and pollution levels in the cities of the country, and this data can be used to identify areas where air quality is poor and to develop strategies to improve it, which would create an opportunity for the market during the forecast period.
- For instance, in June 2023, Satellite Applications Catapult and Greenhouse Gas Satellite (GHGSat) partnered to open an international analytics center co-located in London and Edinburgh to provide satellite imagery data on methane emissions for research and development purposes and stakeholders of the urban planning sector of the country could use it in the United Kingdom.
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The Applications in Geospatial Data Acquisition and Mapping Contributes a Major Share of the Market
- The country has developed a geospatial strategy to improve access, promote and safeguard the use of location data, which could enhance users' capabilities, skills, and awareness in various sectors, including carbon emission management, transportation management, forestry monitoring, etc., creating an opportunity for satellite imagery service providers in the country due to the application of satellite imagery services in geospatial data acquisitions.
- In addition, the country has been partnering with global satellite imagery service providers to support its geospatial strategy, enabling it to have a coherent national location data framework by 2025, which would drive the market during the forecast period.
- For instance, in September 2022, the UK Geospatial Commission collaborated with the global satellite imagery service provider Airbus to extend the contract until March 2024 to provide stable, secure services to manage aerial photography and terrain datasets of Great Britain to provide free access across UK public sector organizations. Additionally, the service has been designed to increase the performance and efficiency of the users, such as processing imagery requests within 0.5 seconds.
- The need for satellite imagery data for mapping is creating a demand for the market in the country, and map providers in the country, such as Maproom, have been implementing satellite-based imagery services, fueling the market in the country.
- For instances, in July 2022, Mapbox, a dynamic mapping base system, has released a new approach based on Maxar satellite imagery. It collaborated with the satellite imagery service provider to offer additional features in its maps, including elevation and projection for British and Irish Hills satellite views.
