US Geospatial Imagery Analytics Market Size (2024 - 2029)

US Geospatial Imagery Analytics Market Analysis

The US Geospatial Imagery Analytics Market size is estimated at USD 5.38 billion in 2024, and is expected to reach USD 15.85 billion by 2029, growing at a CAGR of 24.14% during the forecast period (2024-2029).

• Geospatial Imagery Analytics has indeed been experiencing a growing demand in recent years, and the United States has been at the forefront of this industry. Geospatial Imagery Analytics aid in resource management, environmental monitoring and protection, humanitarian aid, and long-term development. Satellites used for environmental monitoring, meteorology, mapping, and other non-military functions are also included. These sensors assess air quality, agricultural health, ice thickness, salinity, and other elements.
• With the growing concern about climate change and its impact on the planet, there is a need for accurate and up-to-date data on various environmental parameters. Satellites provide a valuable tool for monitoring changes in the Earth's climate, including temperature patterns, ice cover, sea level rise, deforestation, and more.
• The growth of satellite-based data in agriculture will significantly drive the market. Satellite imagery can assist in monitoring agricultural activities, crop health, soil moisture, and vegetation indices. This information is valuable for farmers, policymakers, and researchers in optimizing crop yields, managing water resources, and ensuring food security. For instance, in March 2023, NASA announced the introduction of NASA Acres, a program focused on applying Earth observation data to the most critical agricultural and food security concerns confronting American farmers, ranchers, and agrifood systems. It collaborates with agricultural stakeholders across the spectrum to provide Earth observatory-based data and tools that help improve productivity while safeguarding and repairing land, water, the environment, and human health.
• Despite the significant advances in AI and satellite image analysis, challenges remain to overcome. One of the main obstacles is the availability of high-quality, labeled datasets for training machine learning models. Making these datasets is often time-consuming and labor-intensive, which can limit the growth of new AI algorithms. Additionally, there are problems about the ethical use of satellite imagery and AI, particularly regarding privacy and surveillance.

US 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 in providing business intelligence, Urban planning, and Climate control solutions, among others, across the end-user segments.

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, 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 that are being used in various end-user industries across geography. In addition, the study provides the geospatial Imagery analytics market trends, along with key vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem.

The scope of the study has been segmented based on the type (imagery analytics, video analytics), by deployment mode (on-premise, cloud), by organization size (SMEs, large enterprises), and by verticals(insurance, agriculture, defense, and security, environmental monitoring, engineering & construction, government). The market size and forecasts are provided in terms of value USD for all the above segments.