The geospatial sector in India has undergone significant changes in recent years. The availability of high-resolution satellite imagery, the increasing use of drones, and the advent of Artificial Intelligence (AI) and Machine Learning (ML) have all contributed to the growth of this sector. In this blog, we will explore the key trends and market drivers in the Indian geospatial sector.
I. Increased Demand for Geospatial Data and Services:
Geospatial data is becoming increasingly important across various industries, including agriculture, defence, urban planning, infrastructure, and transportation. The use of geospatial data and services is also increasing in areas such as disaster management, natural resource management, and environmental monitoring. Some of the factors driving the demand for geospatial data and services in India include:
A. Growing Population: India’s population is expected to reach 1.7 billion by 2050, which is likely to lead to an increased demand for infrastructure, healthcare, and other services. Geospatial data can be used to plan and manage these services more efficiently.
B. Urbanization: The percentage of India’s population living in urban areas is expected to increase from 34% in 2018 to 50% by 2050. This trend is likely to lead to increased demand for geospatial data and services to manage urban infrastructure and services.
C. Digital India Initiative: The Digital India initiative aims to transform India into a digitally empowered society and knowledge economy. The use of geospatial data and services is an essential component of this initiative.
II. Adoption of New Technologies:
The adoption of new technologies such as high-resolution satellite imagery, drones, AI, and ML is driving the growth of the geospatial sector in India. Some of the ways these technologies are being used in the geospatial sector include:
A. High-Resolution Satellite Imagery: The availability of high-resolution satellite imagery is making it easier to collect and analyze geospatial data. This data can be used in various applications such as urban planning, crop monitoring, and disaster management.
B. Drones: The use of drones is becoming increasingly popular in the geospatial sector. Drones can be used to collect high-resolution imagery and other types of geospatial data in areas that are difficult to access.
C. AI and ML: The use of AI and ML in the geospatial sector is enabling more accurate and efficient analysis of geospatial data. For example, AI and ML can be used to classify land use and land cover, identify changes in vegetation, and predict the spread of wildfires.
III. Market Drivers:
Image Credit: https://www.geospatialworld.net/
A. New Collaboration Agreements: The market for the Indian geospatial industry is set to be driven by new collaboration agreements, according to a significant factor identified in recent reports.
Since the release of the Guidelines for Geospatial Data, the Indian geospatial ecosystem has witnessed substantial partnerships and collaborations, leading to enhanced technology integration across the country. This has been facilitated by multiple laws enacted by the government, which give a freer hand to the private sector, encouraging inter-disciplinary collaborations and upgrading the standard of geospatial technologies in India.
In recent years, notable collaborations have emerged, such as those between Google, Tech Mahindra, Genesys International, and Synspective and NeoGeo. These partnerships have been instrumental in shaping the Indian geospatial industry.
B. Domain Accelerator & Incubation Networks: According to recent reports, the Indian geospatial industry is expected to experience growth in incubation networks and domain accelerators with a focus on research and academia. Venture capitalists and private equity players have taken a keen interest in supporting space and geospatial startups.
The geospatial industry is now collaborating with research institutions to fund innovations, provide technical assistance, and mentor emerging startups. This has led to an upswing in start-ups in various fields, ranging from space to agriculture innovation, which has been spurred by the national geospatial policy.
For example, the partnership between T-Hub, which leads India’s innovation ecosystem, and Hexagon, one of the global leaders in digital reality solutions, to build a Geospatial Experience Centre is aimed at the country’s growing start-up ecosystem. This is just one example of the many initiatives that are being taken to drive the growth of the Indian geospatial industry.
C. Enhanced Workflow Integration: The integration of workflow across sectors such as AEC, Disaster, and Energy management is expected to be a significant driver of growth in the Indian geospatial industry. This is because of the interoperability of geospatial technologies with other emerging and established technologies that are used in various operations.
According to reports, the government is pushing for the integration of geospatial technology as part of workflow operations, which is expected to drive the growth of the geospatial market in India. For example, the Ministry of Road, Transport and Highways has mandated the use of LiDAR, Drones, and UAVs in national highway projects.
As new technologies continue to emerge, the workflow in geospatial technologies will undergo further changes and reformation to improve integration across various sectors. This is expected to have a significant impact on the growth of the Indian geospatial industry.
D. Evolving Legislative Environment: The integration of workflow across sectors such as AEC, Disaster, and Energy management is expected to be a significant driver of growth in the Indian geospatial industry. This is because of the interoperability of geospatial technologies with other emerging and established technologies that are used in various operations.
According to reports, the government is pushing for the integration of geospatial technology as part of workflow operations, which is expected to drive the growth of the geospatial market in India. For example, the Ministry of Road, Transport and Highways has mandated the use of LiDAR, Drones, and UAVs in national highway projects.
As new technologies continue to emerge, the workflow in geospatial technologies will undergo further changes and reformation to improve integration across various sectors. This is expected to have a significant impact on the growth of the Indian geospatial industry.
IV. Conclusion:
The Indian geospatial sector is witnessing a significant growth driven by increasing demand for geospatial data and services, adoption of new technologies, government initiatives and policies, emerging applications, and investment and M&A activity. The sector is expected to continue to grow in the coming years, presenting opportunities for businesses, investors, and professionals in the geospatial sector.
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