Sustainable & Smart Technologies

Top 3 trends driving assembly machine market forecast over 2019-2025

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​Enhanced productivity and the ability to facilitate manufacturers an optimal supply chain has propelled assembly machine market size significantly. Both manual and automated assembly lines improve productivity, efficiency and quality of manufacturing while reducing labor costs and cycle time. Major application segments like packaging, aerospace, pharmaceutical, military/defense and electronics have proliferated through the deployment of suitable machines on production lines, stimulating technological development.Government initiatives designed to improve a nation’s economic status will substantial drive assembly machine industry forecast, for instance in India which has initiated ‘Make in India’, an effort to help expand manufacturing businesses in the country. The Indian government is pushing for the share of manufacturing segment to increase up to 25% of GDP by the year 2025 from the 16% in 2018.

Manufacturing units across developing economies will be adopting Industry 4.0 technologies like artificial intelligence, machine learning and robotics to transform operations with the help of semi or fully-automated assembly machinery for achieving cost efficiencies without quality compromises.

Need for automatic and semi-automatic assembly machines

Semi-automated assembly machines will be witnessing a major growth in forthcoming years owing to a steady increase in the production of new and greener automobiles, that will in turn stimulate the demand for automotive components like radiators made on use semi-automatic assembly lines.

TQC Automation & Test Solution offers semi-automatic assembly machines in order to allow a manufacturer to test automotive radiators and enable quality control. Semi-automatic machines are essentially preferred over manual machines owing to the time saving functions. These machines are mostly used by small or medium enterprises for improving the manufacturing process under decent budget, while raising productivity and reducing the operational costs.

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Fully automatic assembly machines will gain favorable traction and influence the business outlook due to use of smart technologies with the combination of cyber-physical systems that help factories become much more productive and energy-efficient. Automated assembly machines eliminate concerns for manual handling entirely and increases output in less time, fostering assembly machine market share globally.

Expansion of automobile and cosmetic manufacturing sectors

Major advances in the robotics technology have initiated the deployment of robotic automation in the automotive segment. Across automotive component plants, assembly machines comprising robots like high speed Delta machines help assemble small components such as motors and pumps. Car assembly involves windshield installation as well as wheel mounting that require automated assembling.

The European Union produced 19.2 million motor vehicles in 2018, which account for around 20% of the total motor vehicle production globally in the year. Companies in the region use advanced technologies for the manufacturing of automotive parts, considerably fueling Europe assembly machine industry size.

With regards to cosmetics packaging applications, equipment like pump priming and leakage testing machines, thin shape lipstick tube assembling machine, finish assembling machines and high-speed mascara bottling equipment run successfully in several multi-national companies. Several such automatic assembly machinery are imported by manufacturers based in Italy, United States, Switzerland and France that have helped the users to enhance their efficiency.

Surging consciousness among people about personal care and perception of beauty standards have increased the demand for cosmetics. Japan is one of the leading markets for beauty products and generated a revenue worth USD 36 billion in the year 2017.

Impact of growing demand in Asia Pacific region

Asia pacific region accounted for nearly 40% of global assembly machine market share in 2018, with countries like India and China reportedly looking to achieve lower manufacturing costs along with less technically skilled labor. Rapid digitization in the region has helped manufacturers expand and scale businesses economically.

Several countries have initiated Industry 4.0 projects for the improvement of manufacturing sectors, including Thailand, Malaysia and Indonesia, each having their own economic agendas.

Companies like Norwalt Design Inc., Hindustan Automation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Humard Automation SA, Haumiller, Extol, Intec Automation and Bystronic Maschinen AG are some of the prominent equipment manufacturers comprising the competitive hierarchy of global assembly machine market.

Players are extensively involved in collaborations and look to acquire other companies to expand their portfolio. For instance, ABB had recently entered into a partnership with Cochin Shipyard, a government owned shipping corporation of India, to be able to provide automated assembly solutions.

Author Name : Riya Yadav

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4 pivotal trends influencing global fraud detection and prevention market share

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Fraud detection and prevention (FDP) market share is gaining immense momentum due to increasing cases of corporate economic theft and other financial crimes which lead to considerable revenue losses. Additionally, growing demand to track and secure real-time transactions is driving technological advancements in the field of digital payment, adding impetus to global fraud detection and prevention industry trends.Several government initiatives aim at securing online financial transactions carried out by the citizens and are spreading awareness about e-payment fraudulence along with levying stringent regulations.The burgeoning e-commerce sector is substantially driving the digital payments domain and providing opportunities to people involved in fraudulent activities. The e-commerce market in emerging countries is particularly ripe for the taking, with Indian e-commerce sector itself projected to surpass USD 120 billion by 2020. Rising penchant for online shopping and e-banking will certainly offer lucrative growth prospects for FDP industry.

Enumerated below is a summary of the top trends that are likely to be driving fraud detection and prevention market outlook over 2019-2025:

Increased deployment of fraud analytics

Growing number of cases of fraud in the banking, corporate, and e-commerce sectors is steering the demand for a reliable and accurate fraud detection systems in order to control the economic losses. Lately, fraud analytics has gained increasing demand as an effective FDP technology to help enterprises track or predict wrongdoings.

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Fraud analytics comprises an amalgamation of analytic technology coupled with human interaction that assists in the detection of possible fraud or theft. Fraud analytics help in identifying hidden patterns, facilitate data integration, harness the unstructured data, enhance the existing efforts and facilitates real-time alerts and reporting, thereby making them an integral component of fraud detection and prevention market.

Application in credit and debit card frauds

Rising dependence on plastic money globally is intensifying the global FDP market scope. According to reports, as of 2016, the total value of card payments recorded in the U.S. was estimated at USD 5.96 trillion. In terms of numbers, credit cards segment had recorded a remarkable growth rate at 10.2% while debit cards grew by 6%. Evidently, there has been a rise in the adoption of credit and debit cards among people, raising the probability fraud.

There are several forms of credit and debit card frauds such as:

  • Counterfeit card fraud
  • Card ID theft
  • Fake card
  • Card Not Present (CNP) fraud
  • Manual or electronic card imprints

The government and many key industry players are undertaking initiatives to spread awareness among the people regarding card usage and precautions that must be followed. The Reserve Bank of India, for instance has laid down guidelines to strengthen electronic banking transactions with an aim to facilitate customer protection. Growing demand for debit and credit cards has led to an increased adoption of fraud detection and prevention solutions.

Growing adoption in the banking sector

Increase in employment levels have led to a rise in disposable incomes worldwide, propelling the banking industry globally. Banking sector is witnessing rising demand for online services and credit cards in Asian countries like Japan, China, India, among others, owing to the rise in industrialization and globalization.

As per reports, for the fiscal year 2017-18, the total bank deposits in India increased at a notable CAGR of 11.66% and was slated to increase rapidly in the forthcoming years. Rising demand for a robust digital banking infrastructure has given rise to technological innovations such as IMPS, NEFT, mobile banking and other forms of digital payment methods.

Suring bank fraudulence in terms of check tampering, credit and debit card fraud cases, cash transaction monitoring and incorrect accounts keeping may lead to huge economic losses to countries. A burgeoning banking sector will undoubtedly complement the global fraud detection and prevention industry forecast.

Financial market trends in North America

While the demand for FDP services has been rising across several regions such as Europe, MEA and APAC, North America is likely to emerge as one of the more profitable revenue terrains for fraud detection and prevention industry share.

The financial and insurance sector in the U.S. was valued at USD 1.5 trillion and represents one of the most liquid financial markets in the world.

The robust financial sector in North America is experiencing increasing attempts at financial frauds and thefts. Reportedly, over 74% of the financial institutions based in North America have reported online or mobile fraud losses. It was estimated that by 2022, the financial organizations would spend over USD 9.3 billion annually on tools for fraud detection and prevention.

The presence of global financial multinationals as well as leading security service providers in North America will significantly amplify fraud detection and prevention industry size in the years ahead.

Author Name : Shreshtha Dhatrak

3 key trends fostering global bike sharing market outlook

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​Rising environmental concerns along with the implementation of government regulation will outline bike sharing market trends over the forecast period. Rapid modernization and urbanization has caused major traffic problems that has been associated with safety risks, air pollution, economic competitiveness, loss in relation with accessibility and sustainable growth.Bike sharing schemes offer transport flexibility, reduced congestion as well as fuel congestion and reduction in harmful emissions.

Increasing health consciousness among people owing to the rise in health conditions as a result of living a sedentary lifestyle will contribute towards expanding bike sharing industry share. Bikes play a major role in leading a healthy lifestyle and exhibit some key health benefits. The benefits of biking comprises flexible joints, stronger bones, lower body fat levels, improved cardiovascular fitness as well as reduced anxiety and stress levels.

Rapid advancements in technology has led service providers to install appropriate navigations systems in bicycles which helps people find their destination. The convenience delivered by the improving technology will foster bike sharing market size. Copenhagen had launched an efficient and innovative bike sharing program a few years ago that was offering GPS-enabled Android tablets with the bikes.

The new equipment was to help commuters schedule their travel by train or bike and ensure that they are aware of their new pick up connection.

Listed below are few trends that will likely fuel global bike sharing industry forecast:

  • Rising investments into startups

Key venture investments have been proliferating the growth of bike sharing market because of a large number of capitalists steadily investing in bike sharing start-ups in order to help them grow. Funding has recently taken off around the world and has been considered ideal for the first and the last mile transport. This has resulted in investors placing their bets on bike sharing companies. Companies in China that have already established their presence in the market have attracted significant investments.

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Ofo, for instance, became the first bike sharing unicorn in China and scaled globally, showing clear potential to secure additional investments. The company was valued at $3 billion and has raised more than USD 2.15 billion in its series of funding by companies like Ant Financial and Alibaba. In the follow-on of Series E round, Ofo raised USD 586 million in March 2018 in order to fund its global expansion.

Hellobike, the third largest bike sharing platform in China had also raised an investment of USD 321 million from Ant Financial and has been trailing behind companies like Ofo and Mobike.

  • Emerging E-bike sector

E-bike has been gaining a momentum due to an increase in the adoption of smart bikes. Key merits attached to this service is that it permits dockless operations which entails a light infrastructure at a much lower cost. Consumer preference towards E-bikes have been surging due to its cost effective features coupled with solutions that are eco-friendly, driving the expansion of bike-sharing market size.

PBSC Urban Solutions along with BIXI Montreal recently teamed up to offer next-gen E-FIT bikes that will seamlessly fit into the public bike systems. The bikes are lightweight and offer three-speeds for maximum rideability. After the combination with PBSC’s E-station, the integrated batteries start charging right after the bikes are docked which has increased daily trips over 15%.

  • Affordability of free floating bikes

Free Floating bike sharing segment will witness a considerable growth over the analysis period owing to its affordability. Dockless bike share will reduce the cost of buildings or stations used for bike parking which in turn will help increase its deployment. Consumer inclination towards this segment will increase due to the convenience of parking bikes anywhere at their stop. The navigation system installed in these bikes help find their locations and can be unlocked through bike sharing apps.

The Ministry of Transport says that China has nearly 70 companies that have deployed over 23 million bicycles nationwide and have attracted more than 400 million users. With a revenue of $35 billion, this industry has helped create over 390,000 jobs. It has also been estimated that dockless bike sharing in China has helped reduce 400 million hours of time spent in the traffic. This has established a low-carbon network for transport and lessened the pressure for urban transport.

Major companies underscoring global bike sharing market forecast including Neutron Holdings Inc., Tembici, Divvy Bikes, Capital Bikeshare, Lime, Youon Bikes and Mobike. The players have consistently involved in gathering investments and collaborating with firms and governments for the expansion of their business.

Author Name : Riya Yadav

Pet tech market trends to be driven by rising innovations brought forth by industry players

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Pet tech market trends are anticipated to depict a rapid transformation owing to the rising prevalence of pet e-commerce and advent of products with tech enabled services that lead to the pets’ enhanced wellbeing and security. Nowadays pet owners are looking for novel approaches to keep their pet happy and healthy which would further substantially influence pet tech market outlook over the forecast period.

U.S. pet tech market share, by product, 2018 & 2025 (USD Million)
U.S. pet tech market share, by product, 2018 & 2025 (USD Million)

Prominent reports suggest that in recent years, the annual spending on pets has surged to double due to the busy schedule of pet owners. As companies continue to offer top-grade products like high-tech fences, pet cameras, automatic food bowls, and more, pet tech industry size is expected to substantially increase in the ensuing years.

Pet technology has become a rapidly emerging market remnant of electronic and connected solutions which help owners to train, monitor, feed, and play with their furry friends. According to studies, security and safety are considered as major concerns for the pet owners and most of them opine that technology will help resolve them efficiently. Pet tech manufacturers are looking to develop new products and advanced solutions for pets that will help attract a significant consumer pool comprising pet lovers. This would further enhance the growth of pet tech market share in the upcoming years.

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Of late, companies have been working to launch novel products like smart cameras that are designed to be the perfect assistants for busy pet parents through which they can talk, watch and even play with their pets remotely. The pet owners can receive notifications about their pet’s behavior and can undertake continuous home monitoring. Such products brought forth by industry players will considerably contribute to stimulate pet tech industry trends.

In terms of the regional landscape, the North America pet tech market held more than 55% of the industry share in 2018 and will experience steady growth due to the increase in the adoption of technological solutions in the household sector. It has been observed that major changes in pet ownership are in the pipeline due to the advent of technological and cultural change.

Nowadays, pet parents are opting, not for traditional food but nutritious food with healthy ingredients for their pets. They are also paying more attention to pet care, grooming, transportation, and many other aspects. The pet owners in North America are spending massively on the health and fitness of their pets as well.

In 2017, it was projected that the mutual gross written premiums of pet health insurance were registered at more than USD 1.2 billion. The household pet ownership in the region is witnessing high growth, which stimulates pet care companies to manufacture more tech-enabled products, in turn, propelling the pet tech industry share.

Pet tech companies are on the continuous quest of undertaking novel methods to keep pets close to their owners which has given rise to several new applications and solutions that can make the pet’s life feasible and trouble-free. For instance, in May 2019, Petz, a chain of pet shops in Brazil had recently created an e-commerce tool named Pet-Commerce which combines artificial intelligence with facial recognition to aid dogs make their own online shopping decisions and provide their dogs the best- ever experience. These novel innovations will attract more pet owners and highlight the substantial growth potential for pet tech industry players.

Considering the efforts undertaken by the remarkably industry players, it is clear that the pet tech market would depict substantial growth in the forthcoming years. The competitive spectrum of this industry is distinctive and consists of renowned companies such as Fitbark, IceRobotics, Garmin Ltd., Konectera, Whistle Labs LLC, Loc8tor, Motorola, Nedap N.V., Pod Trackers Pty Ltd, Tractive, Petcube, Inc., Petnet Inc., Scollar, PetPace LLC, CleverPet, Petrics, and WOPET.

Exemplary initiatives by the leading players will undoubtedly have a lasting impact on the growth prospects of this industry. Global Market Insights, Inc. estimates that pet tech market size will exceed the USD 20 billion mark by 2025.

Author NameDeeksha Pant

Growing automobile sector to bolster adsorption equipment market forecast over 2019-2025

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Increasing awareness with respect to volatile organic compound emission (VOC) has propelled adsorption equipment market share, along with the need to maintain indoor air quality standards across varied industrial segments. Symptoms of nausea, difficulty in breathing, irritation in nose, eyes and throat are some of the indicators of excess exposure to VOC caused to humans. These conditions can usually be observed in manufacturing, printing and furniture operations worldwide, presenting a massive need for countering these emissions.

U.S. Adsorption Equipment Market Share, By Application, 2014 – 2025 (USD Million)

U.S. Adsorption Equipment Market Share, By Application, 2014 - 2025 (USD Million)

Booming automobile sector across developed and developing nations has strengthened the adsorption industry size. Paints used in the automotive industry emit high levels of xylene, acetic acid, butyl ester and ethyl acetate either during intermediate, top coating and baking process of automobile parts. The growing automobile industry in India, which had witnessed a 9.5% increase in sales to reach 4.02 million units in the year 2017. Widespread application across the auto manufacturing sector will evidently create a substantial demand for controlling VOC emission from paints, magnifying global adsorption equipment industry outlook.

Disposable or rechargeable canisters segment accounts for a substantial share of adsorption equipment utilized worldwide, and is expected to surpass USD 65 million in revenues over the forecast period. These canisters are widely used in the water purification process. According to a report by United Nations, by 2030 over 700 million people globally could be displaced owing to intense water scarcity.

Existence of water pollution in terms of organic pollutants let out by domestic sewage, agricultural wastewater and industrial wastes has added to increase in toxic waste in water. Toxic pollutants can lead to severe environmental issues and can prove to be extremely hazardous to living beings. Adsorption equipment market size will expand notably while becoming an integral part of wastewater management techniques.

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R&D in the field of vapor adsorption equipment has enhanced the overall industry scope remarkably. For instance, the development of Brayton cycle heat pump that facilitates VOC recycling and recovery has magnified the deployment of adsorption equipment, invariably driving the industry trends. Vapor phase segment in adsorption equipment industry is anticipated to hold a significant share, registering a steady CAGR of around 2.5% from 2019 to 2025.

Owing to the rising automobile sector coupled with stringent regulations related to VOC emissions. the use of adsorbers in the automotive sector has accelerated. Reportedly, the gross turnover generated by the auto sector in EU represents 7% of its GDP. Moreover, governments have introduced an Integrated Pollution Prevention and Control Directive (IPPC) that requires all new installations to comply with its standards in order to control air, water and environmental pollution. The proliferation of automobile, electronics, water treatment and printing sectors in the region will positive steer Europe adsorption equipment market outlook.

Demand for adsorption equipment is clearly driven by the growing need for industries to preserve environmental, water and air quality. With expanding industrial establishments across the globe, governments and other regulatory authorities are discovering the need to control the VOC emissions in order to protect the future of economies. Simultaneously, increasing innovations in the adsorption equipment sphere to suited varied industrial applications is providing impetus to global adsorption equipment industry.

Emissions are an inevitable part of many crucial sectors such as automobile, painting, printing, water treatment, among others, in order to adhere to the government rules and regulations and to contribute to the growing CSR activities by the companies. Several key players offering critical adsorption equipment include Tigg LLC, Monroe Environmental Corp, Munters Corporation and Eisenmann SE, as well as several others. Global Market Insights Inc. has estimated that global adsorption equipment market share will exceed annual valuations of USD 340 million by 2025.

Author NameShreshtha Dhatrak

Rising inclination toward digital transformation to drive digital lending platform market trends

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Growing adoption of mobile banking services driven by rapid digitization trends has fueled digital lending platform market size over the past few years. Consumer inclination towards using digital lenders for automotive loans is growing steadily owing to minimal documentation required, transparent and quick loan processing, as well as lower interest rates compared to conventional lending. Increasing implementation of software solutions among financial institutions to reduce operating costs and deliver services via digital channels is anticipated to bolster product demand worldwide.

South Korea Digital Lending Platform Market Revenue, By Business Model, 2018 & 2025 (USD Million)

South Korea Digital Lending Platform Market Revenue, By Business Model, 2018 & 2025 (USD Million)

A digital lending platform will essentially reduce operational, business as well as regulatory risks in digital lending organizations with a responsive and configurable approach. Use of digital platforms will cater to the mounting demand among financial organizations for enhanced customer experience while interacting with lenders and borrowers, providing speed and transparency. These platforms also improve loan collection and repayment methods for institutions with efficient real-time loan approval, processing and disbursal, which will augment digital lending platform industry share over the forecast period.

Studies have estimated that 53% of adults worldwide will be using smartphones, PCs, tablets or smartwatches to avail financial services by 2021. Cloud-based digital lending platforms are already being used by banks and NBFCs to reach customers across the globe, informing them about the status of their loan payments as well as basic account information.

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A large number of banks are leveraging the opportunity to offer digital lending services for expanding their customer base, impacting product demand. Moreover, expansion of IoT coupled with the cloud computing revolution in digital banking will help meet customer expectations by redefining loan processes, strengthening digital lending platform market outlook.

Technology has been the driving force in business transformation over the years, but the speed at which advanced technologies are being launched has reached an unprecedented level. Increasing digitalization worldwide along with growing adoption of digital platforms for conducting business is anticipated to stimulate digital lending platform industry prospects.

Digital transformation is not solely based on development of new technology, but also an organization’s ability to accept transformation at the intersection of business and people. Reportedly, 55% of startups had already switched to digital business strategies in 2018 as opposed to 38% of conventional organizations. This suggests that startups will be accountable for increasing revenue via digital platforms, expanding the scope of digital lending platform market.

Built Technologies, which focuses on taking construction lending into the digital age, had raised close to $21 million in a Series A round in 2017. The company was aimed at using digital transformation to enable lenders to use data for making more informed decisions on their loans while simultaneously providing borrowers a conveniently digital user experience with quicker access to money and propelling projects forward. Rising adoption of digital technology for lending among financial companies for loan repayments is expected to complement digital lending platform industry trends over the forecast timeframe.

Increased utilization of internet services coupled with changing end-user requirements are encouraging financial organizations to shift to digital business models for managing consumer needs on their choice of channel. Advent of advanced technologies such as biometric-based authentication, e-signatures, e-mandates, ML, AI, advanced analytics and blockchain for mitigating fraud and NPAs risk is estimated to bolster digital lending platform market expansion.

Declining costs of internet connectivity and fast-paced advancement in smartphone technology will support the rising digitalization across financial institutions, proving to be crucial factors in pushing the market growth.

Leading market players are relying on strategic alliances through mergers and acquisitions to enhance product offerings and expand their regional presence. Key players comprising digital lending platform space are Built Technologies, Finastra, Finantix, Nucleus Software, Arena Limited and Newgen Software Technologies Limited, among several others. Global digital lending platform market size is projected to surpass USD 17 billion in annual revenues by 2025.

Author NameHrishikesh Kadam

Rise in government applications to spur geospatial imagery analytics market share

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Geospatial imagery analytics market trends will witness increasing traction, owing to rapidly advancing technologies that have allowed companies to adopt spatial tracking and imaging tools including remote sensors and wireless devices. The technology offers different ways in which maps could be produced and used by several public and private enterprises as well as communities. Researchers and GIS professionals using cloud computing to access any resourceful information related to geospatial data will expand the scope of geospatial imagery analytics industry.

APAC Geospatial Imagery Analytics Market Size, By Region, 2018 & 2025 (USD Million)
APAC Geospatial Imagery Analytics Market Size, By Region, 2018 & 2025 (USD Million)

Governments seem have their own geospatial requirements – government agencies face critical challenges like providing information during emergencies or undertake initiatives towards building a smart community. Procuring geospatial data through different image capturing sources provides them access to detailed information to take decisions, such as those related to agricultural lands, which cover the complete jurisdiction and are updated regularly. These agencies have increasingly been adopting the services of satellite imaging firms, contributing significantly towards geospatial imagery analytics industry share.

There has been a surging demand for geospatial tools based on the cloud, to keep an organization’s infrastructure regularly updated and making it easier to map the records and manage them, at lower costs. In fact, the cloud-based deployment model in geospatial imagery analytics market will witness a decent growth rate of more than 25% between 2019-2025. Companies are now offering cloud GIS services through pay-per-use pricing models to enable more agencies gain access to geospatial data. This will eventually help consumers who do not have skills and resources required to achieve GIS implementations.

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The Geospatial Intelligence Center (GIC) in U.S. introduced a new tool in July 2019 for GSI users, called Virtual Inspection Studio (VIS), that enables users to enhance remote property assessment by using ultra-high resolution in aerial imagery. It can give assess to a 360 degree property view and accurate measurement of area and distance calculations. The United States Automobile Association (USAA) has demonstrated their use of VIS in quickly assessing damage and helping to settle claims. Similar use cases will boost the application of imaging solutions and reinforce geospatial imagery analytics industry outlook.

The defense and intelligence community utilizes geospatial imagery that is heavily dependent on image processing software, providing the benefits of multispectral imaging features. Hawkeye, a commercial satellite constellation operator, recently launched RFGeo that uses satellite generated data to introduce new geospatial analysis of data which the satellite delivers, in a standard format for a common tracking software. The company has also reached military market and has demonstrated the remarkable potential for geospatial imagery analytics industry in partnership with the intelligence community.

The construction, marine, defense and agriculture sectors use several aerial imaging platforms like surveillance cameras and drones in order to gather land related information that GIS professionals can use to solidify their decision making process. Government initiatives in Asia Pacific countries to develop the space industry will help enhance navigations systems to capture geospatial images which can be used to support numerous industrial applications. Reportedly, Asia Pacific geospatial imagery analytics market is anticipated to witness a more than 25% CAGR over the forecast timespan.

The Union Mine Ministry in India is exploring the use of drones that could work for mine related functions like surveillance, operation of mines, reclamation of land after mining and managing waste dumps. Large public sector units have been involved in the exploitation of these drones like National Mineral Development Corporation, Hindustan Copper Limited as well government organizations like Geological Survey of India and Indian Bureau of Mines. Substantial research and investment activities promoted by public enterprises will help drive APAC geospatial imagery analytics industry size.

Several companies are involved in the development and advancement of geospatial products that are experiencing high demand, with the fast-paced advancement of smart technologies, including Bentley Systems, AeroVironment Inc., Harris Corporation, PrecisionHawk, Inc. and Satellite Imaging Corporation. Strategic partnerships with other companies, governments and intelligence agencies will help bolster geospatial imagery analytics market size, which is estimated to surpass annual revenues of USD 8 billion by 2025.

Author NameRiya Yadav