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AI, ML, and cloud computing have fueled the expansion of geospatial imagery analytics in the U.S. Regional organizations now leverage extensive data from remote sensing, GIS, GPS, and internal mapping technologies.
The U.S. geospatial imagery analytics market is projected to reach $8.38 Billion by 2033 from $6.04 Billion in 2022, growing at a CAGR of 3.19% during the forecast period 2023-2033.
In 2022, the area deployed over 140 earth observation satellites into orbit. Various providers of geospatial imagery analytics utilize high-resolution remote sensing data to deliver solutions to both commercial and government entities.
BIS Research, a leading market research firm, has released a report titled U.S. geospatial imagery analytics market which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the geospatial imagery analytics market. The detailed study is a compilation of 83 market data tables and 39 figures spread across 227 pages.
The U.S. geospatial imagery analytics market report focuses on several segments such as, application, solution, etc.
The construction and infrastructure development segment of the U.S. geospatial imagery analytics market is estimated to be $0.88 billion in 2022.
Approximately 79% of the U.S. geospatial imagery analytics market is dominated by leading established providers, while startups command around 21% of the market presence.
Some major companies operating in the global report title are:
Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the U.S. geospatial imagery analytics market.
Geospatial imagery analytics relies on artificial intelligence (AI) for precision in tasks like object detection, land cover classification, change detection, and environmental monitoring.
The regional geospatial market is diverse with key players like Esri, Trimble Inc., Satellogic, Spire Global, and Planet Labs PBC. Start-ups like Capella Space, Orbital Insight, and DroneDeploy add competition, offering customers diverse options in pricing, customization, and innovation.
Geospatial Imagery Analytics Market
BIS principal analyst suggests: “The U.S. geospatial imagery analytics market is poised for significant growth in the coming years, driven by increasing demand from a wide range of industries, technological advancements, and government support.
Key trends that are expected to shape the market include the rise of cloud-based geospatial analytics, the increasing use of AI and ML, and the growing adoption of geospatial imagery analytics for smart cities. For companies operating in the market, it is important to focus on developing cloud-based solutions that incorporate AI and ML and target the smart cities market. Additionally, companies should focus on developing innovative new applications for geospatial imagery analytics.”
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.
Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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