Geospatial

The global 3D mapping and 3D modelling market is expected to grow at $6 billion by 2023 at a CAGR of 26% during the forecast period 2018-2023.
The indoor positioning and indoor navigation market is poised to grow by USD 15.78 bn during 2020-2024, progressing at a CAGR of about 33% during the forecast period.
In the upcoming decade, GPS signals will be modernized, the Russian GLONASS satellite constellation will be rejuvenated, and the following new systems will become operational: Chinese Compass, European Galileo, and Japanese QZSS.
With an estimated investment of US$ 10 billion (7.9 billion pounds), Beidou keeps the communications network of the Chinese military secure, avoiding the risk of disruption to GPS in the extreme event of conflict.
With estimated investment of $10 billion, Beidou keeps the communications network of the Chinese military secure, avoiding the risk of disruption to GPS in the extreme event of conflict.
With an increasing number of devices being integrated with additional features like gesture control, fingerprint scanners, image scanners, and GPS, the market for optical sensors is expected to witness profound growth in the coming years.
The geospatial analytics market will surge by 357% between 2017 and 2027, with the geospatial analytics market is set to surge by more than 350% from 2017 to 2027 as autonomous vehicle technology progresses.
Advanced spy satellites cost billions and the space budget is stretched: Britain plans to splash out up to £5bn to reduce its dependence on American gps satellites, having been kicked out of Europe's Galileo programme.
The global radiation hardened electronics market is expected to witness stable growth during the forecast period 2018-2023, due to factors such as the increase of space missions and developing reconfigurable components for communication, navigation, science, space exploration, and remote sensing.
The ongoing GSLV programme will meet the launch requirement of satellites for providing critical satellite navigation services, data relay communication for supporting the Indian Human Spaceflight Programme, the next mission to Mars.
The global market for LiDAR in mapping is expected to exceed $4 billion by 2026.
49% of UK GPs surveyed plan to reduce their weekly clinical hours in the next 3 years.
The global version of Beidou, China's answer to America's GPS, will launch this year, and will increase China's surveillance and its military command-and-control capabilities.
The current size of the geospatial analytics market is somewhere between US$35 billion and US$40 billion, with forward looking 5-year CAGR of 14-17% - and a market projected to hit $86 billion by 2023.
The introduction of modern navigation equipment by 2021 will allow for a better utilisation of Tajikistan's airspace and improve flight safety in an area known for its mountainous landscape and volatile weather conditions.
The Global GPS Antenna market is expected to grow with a significant rate during the forecast period 2018-2025 owing to the increasing demand of devices which provides network connectivity during movements in various capable devices will helpful in different sector in upcoming periods.
The increasing use of CubeSats for earth observation and remote sensing is expected to drive the SATCOM equipment market for space from 2019 to 2025.
Based on application, the SATCOM equipment market for space is projected to be led by the earth observation & remote sensing segment from 2019 to 2025.
As the Civil Aviation regulations regarding drone usage develop in parallel with drone technology, over the next few years drone-based mapping will increasingly open up new mapping applications and, to some extent, eat into the manned aerial mapping market.
The global market for remote sensing is expected to increase from $11.3 billion in 2018 to $18.9 billion in 2023 at a compound annual growth rate of 10.7% for 2018-2023.
The global market is expected to continue to be influenced by rising popularity of GPS tracking devices and increasing demand for smartphones: North America is projected to lead the global market, with the market in the region expanding at a CAGR of above 11.40% between 2018 and 2026.
In 2020, the AEP OCS is expected to receive the M-Code Early Use upgrade, which will allow control of M-code, an advanced, new signal designed to improve anti-jamming and anti-spoofing, as well as to increase secure access to military GPS signals for U.S. and allied armed forces.

See full forecast

Last updated: 02 August 2020