United Kingdom Geospatial Imagery Analytics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

United Kingdom Geospatial Imagery Analytics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

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).

Key Highlights

• 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.
• The COVID-19 pandemic supported the growth of the geospatial imagery analytics market in the United Kingdom. Geospatial imagery analytics helped track the spread of the virus, identify high-risk areas, and evaluate the effectiveness of containment measures, which raised the value of remote sensing and geospatial data in responding to emergencies. These factors helped boost the market over the post-pandemic 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 moderately 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.

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