Geospatial technology incorporates historical and near-real-time mapping and surveying, remote sensing, aerial photography, global positioning system (GPS), and geographic information system (GIS) data so that downstream providers can offer navigation, connectivity, and location-based services.
While geospatial services revenue dropped at the start of the COVID-19 pandemic, government clients continued to invest in critical infrastructure monitoring and healthcare services. GIS mapping and GPS tracking, in fact, quickly demonstrated their value as health officials around the world used both along with specially developed apps to track the virus’s spread, perform contact tracing, and alert people about possible exposure. Esri, for example, created an interactive platform to monitor and track COVID-19 cases and vaccine distribution in real time. Healthcare agencies used ArcGIS Online to track active cases and deaths.
Urban utility system and remote pipeline inspections, digital mapping for public services, disaster response, investigations of the impact of climate change, and the development of fully autonomous vehicles all will rely on geospatial services. Frost & Sullivan estimated global market revenue in 2020 at $33.62 billion and projects a 2.5% compound annual growth rate through 2030. Government/infrastructure, operational and asset management, and natural resource monitoring services will be in highest demand.
Downstream providers must be able to offer user-friendly products and end-to-end services that include raw and processed image data, integration platforms, analytics, and IT infrastructure (developer tools). Start-ups that offer unique services and business models create new growth opportunities and could help established geospatial services players sustain growth through partnerships.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Strategic Imperative
Growth Environment
Frost Radar™: Downstream Geospatial Services
Frost Radar™: Competitive Environment
4 Earth Intelligence
Aerodyne
Airbus Defense and Space
DJI
Earth-i
Esri
Fugro
Here Technologies
Hexagon Geospatial
IBM
L3 Harris
Maxar Technologies
Picterra
SpaceKnow
Terra Drone India Pvt. Ltd.
Twenty First Century Aerospace Technology (Asia) Pte. Ltd.
UP42
Urban Hawk
Wingtra
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
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Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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A tailored session with you where we identify the:- Strategic Imperatives
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Priyanka Gopalakrishnan |
| Industries | Aerospace, Defence and Security |
| WIP Number | K68E-01-00-00-00 |
| Keyword 1 | Geospatial Solutions Market |
| Keyword 2 | Geographic Information System (GIS) |
| Keyword 3 | Geospatial Technology |
| Is Prebook | No |
| GPS Codes | 9000-A1 |
Frost Radar™: Downstream Geospatial Services, 2021
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
23-Feb-2022
Global
Frost Radar
