Geospatial Location and Exploitation System Market Size, Share and COVID-19 Impact Analysis, By Component (System and Services), By Deployment Mode (On-premise and Cloud), By Industry Verticle (Defense and Security, Government, Environmental, Monitoring, and Engineering and Construction) and Regional Forecast, 2024-2032

The Geospatial Location and Exploitation System Market worldwide is experiencing robust growth, with a noteworthy CAGR projected for the forecast period until 2032. Geospatial location and exploitation systems deliver an unrivaled capacity for discovering, exploiting, and disseminating mission-critical geospatial data. From crucial military, security, and incident response operations to various commercial development and research initiatives, geospatial location and exploitation systems provide a comprehensive suite of solutions that enable timely and effective decision-making. Modern military forces and intelligence security heavily rely on advanced technologies such as location and geospatial solutions, AI, thermal technology, and others. Thus, it creates lucrative opportunities for geospatial location and exploitation systems during the forecast period.

Geospatial location and exploitation systems help to display, collect, integrate, analyze, and manipulate geographical data. Private corporate organizations and governments can use geospatial critical information data to make decisions against risk assessment and mitigation, disaster management, and urban development. The increasing number of AI and ML-based geospatial solutions is driving market growth.

Impact of COVID-19 on the Geospatial Location and Exploitation System Market

The impact of COVID-19 was analyzed in three scenarios: realistic, optimistic, and pessimistic. The realistic scenario was taken into account for further calculations.

The COVID-19 pandemic has harmfully affected all major global countries. Most sectors have faced direct and indirect effects of the Covid-19 pandemic. Defense is one of the majorly impacted industries across the globe. This can be ascribed to supply chain disruption, budget reduction, and program delay due to a lack of funding. The significant vital player's revenue has fallen.

Key Insights

The report will cover the following key insights:

• The report analyzes a detailed overview of the industry, including qualitative and quantitative information.


• It analyzes an overview and forecast of the global airborne countermeasures system market based on various segments.


• It also analyzes market size estimates and forecasts from the year 2019 to 2028, covering five major regions: North America, Europe, Asia-Pacific (APAC), rest of the World. The Airborne countermeasures system market by region will subsequently be divided into respective countries and segments.


• The report covers analysis and forecasts from 18 countries worldwide, along with current trends and opportunities in the region.


• The report analyzes factors affecting the airborne countermeasures system market from both the demand and supply side. It assesses market dynamics during the forecast period: H. Drivers, Restraints, future opportunities, and trends.


• The report also analyzes comprehensive PEST analysis for all five regions i.e. North America, Europe, APAC, rest of the World, after evaluating economic, economic, political, and technological factors affecting the impact of the Airborne countermeasures system market in these regions.

Regional Analysis

North America is a dominating region of the global geospatial location and exploitation system market. The rising investment in location-based technologies in this region is increasing the demand for geospatial technology and applications during the forecast period. The increasing number of government initiatives in Asia Pacific contributes to the growth of the geospatial location and exploitation systems market.

Key Players Covered

• BAE Systems (U.K)


• IBM Corporation (U.S.)


• Microsoft Corporation (U.S.)


• CGI Inc (Canada)


• CARTO (U.S.)


• Descartes Labs, Inc. (U.S.)


• Google LLC (U.S.)


• GE Digital (U.S.)


• Alteryx (U.S.)


• Pitney Bowes (U.S.)


• Fugro (Netherland)


• Cyient (U.S)


• Others

Segmentation

Key Industry Developments

• In February 2021, new guidelines took effect to de-regulate the geospatial sector for Indians. India has a strong ecosystem in geospatial, with the Survey of India (SoI), remote sensing application centers (RSAC)s, the Indian Space Research Organisation (ISRO), and the National Informatics Centre (NIC) in particular, and all ministries and departments, in general, consuming geospatial technology.


• In October 2020, under Basic Exchange and Cooperation Agreement for Geo-Spatial Cooperation (BECA) program, the United States shall exchange the procedural and technical information related standardization of methods, processing, and production, specifications, and formats for the collection of Geospatial Intelligence (GEOINT) information with India.