The geospatial technology industry is on a quest – a quest to offer complete solutions to the user market. Innovations are driving the industry towards strategic integrated solutions with enhanced capabilities, multiple applications, and improved features. Technology innovations in Earth Observation, GNSS and Positioning Infrastructure and Spatial Analytics are creating cutting-edge competition in the geospatial landscape resulting in a rapid and innovative growth of the industry. Read on to find out how the geospatial technology landscape is evolving.
Evolving Geospatial Technology
The Earth Observation industry is rapidly transforming. Microsatellites and small satellites offering high-definition pictures and videos have invaded the Earth Observation space with a commercial intent. The global nano and microsatellite is expected to growth at a CAGR of 24% during 2016-2021. A recent study by SpaceWorks Enterprises, Inc. (SEI) indicates that there shall be 450 nano/microsatellite launches annually in and after 2023. On analyzing the trend, it is found that Earth Observation and remote sensing applications in varied industry verticals will continue to drive the nano/microsatellite market in the future. These miniature spacecraft are catalysts for growth, minimize the cost of missions, increasing use of space technology while simultaneously enabling more applications and technologies. The product portfolio is, therefore, moving towards products with low power, highly integrated, miniaturized, lightweight and real-time imaging sensors and satellites. These technologies result in creating light-weight airborne remote sensing platforms providing high spatial resolution information.
A good example of this is the Indian Earth Observation product market that is looking forward to grabbing a slice of the global market for nano and micro-satellites which is set to grow at $3 Billion by 2020. The Indian Space Research Organization (ISRO) is looking to launch 3000 nanosatellites for launch in the next 10 years for surveillance and other space-based applications.
GNSS and Positioning
The GNSS and Positioning products are moving towards offering technology evolved with increased accuracy, compactness and light weight, multi-sensor system. Light and compact products are the top trends for new generation surveying instruments. Multi-sensor systems, robotic total stations and total stations with integrated video technology are driving the changing GNSS and Positioning product trends. In the case of Total Stations, the primal design has been changed to make surveying faster and convenient. These are now remote controlled, thus saving time and money. More so, total stations now include computing, communications and geospatial data mapping which leads to the integration of varied surveying technologies for enhanced efficiency. Also, by integrating video technology with total stations will enable surveyors to see exactly what the surveyor sees and use geo-referenced images for use in photogrammetry. These provide automatic target recognition and an excellent tracking platform thus meeting the optical and conventional surveying needs of the market.
GIS and Spatial Analytics
The changing technology trends for GIS and Spatial Analytics are centered on making geographic information accessible, and accurate with easy visualization. As the fundamentals of GIS evolve and the industry enters into a service based and solution centric domain, advanced analytics democratizes the location component. Simultaneously, leveraging geographic information from the vast network of devices and sensors defines the latest trends in developing a comprehensive enterprise GIS for the future. At present, real-time data is being integrated with Internet of Things (IoT), directly into a GIS layer so that data is analyzed, visualized and fused together to be used by professionals, consumers, and citizens. GIS is also moving away from its traditional space and becoming more consumer-friendly. Currently, the user experience of using GIS is becoming simpler with the creation of easy-to-use applications. Shifting from Cloud to mobile devices is being increasingly used to collect geospatial data at any place, anytime making information immediately available for analysis.
In conclusion, it is the multi-sensor integration that is driving the geospatial product portfolio. Fusing data from multiple sensors to exploit the synergy resulting from the fusion for data interpretation and analysis is critical for decision making. Increased accuracy, modularity, and compact and light-weight products are gaining traction over traditional products. The product portfolios are changing and what remains to be seen is how these trends will drive the growth of the Geospatial Industry on a whole.
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