A recent report published by Infinium Global Research on commercial satellite imaging market provides an in-depth analysis of segments and sub-segments in the global as well as regional commercial satellite imaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional commercial satellite imaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global commercial satellite imaging market. According to the report, the global commercial satellite imaging market is projected to grow at a CAGR of 9.3% over the forecast period of 2019-2025.
The commercial satellite imaging market provides geospatial data which is used among various sectors such as civil engineering, energy, agriculture, defense, real estate, archaeology, and insurance. In the agricultural and forestry sector commercial satellite imaging is used for change detection, soil analysis, environmental analysis, irrigated landscape mapping, crop assessment, and yield determination. The commercial imaging satellite is prominently used by the defense sector for inspecting the rescue operation, mapping of border areas and monitoring illegal activities through the border area. Furthermore, in the government sector, the satellite image is used for various reasons such as environmental research, homeland security, mapping transportation network, land mapping, and others. In the energy sector, it is used for inspection of power plants, gas pipeline monitoring, exploration of energy sources and energy loss mapping
The advanced satellite imagery in the field of homeland security agencies, high resolution, and emergency services, national defense organizations and environment protection are boosting the adoption of commercial satellite imaging market around the world. However, the high cost and scarcity of trained human personnel are restraining the growth of the commercial satellite imaging market for the short term. Moreover, continuous technological development such as high-resolution cameras for clear visibility, cloud service, and remote sensing technology is expected to boost the demand of the commercial satellite imaging market in the near future.
The commercial satellite imaging market geographically segmented into North America, Asia Pacific, and Europe. North America is a leading region in commercial satellite imaging market since NASA and other prominent private companies such as Space Exploration Technologies (SpaceX) are present in this region and receives lots of funding from the federal government for different satellite programs. The Asia-Pacific commercial satellite imaging market is expected to grow at the highest CAGR during the forecast period, owing to the growing government funding and the cheapest space program in the world. Recently launch of several Chandrayaan series from
The report on global commercial satellite imaging market covers segments such as technology, end-use industry, and application. On the basis of technology, the sub-markets include optical, radar. On the basis of end-use industry, the sub-markets include agriculture, government, civil engineering, and energy sector. On the basis of application, the sub-markets include natural resources management, construction & development, defense & intelligence, media & entertainment, and geospatial technology.
The report provides profiles of the companies in the market such as European Space Imaging (EUSI) GmbH, DigitalGlobe, Inc., Spaceknow, Inc., SkyLab Analytics, ImageSat International N.V, Harris Corporation, UrtheCast Corp, BlackSky Global LLC, Planet Labs, Inc., and others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of commercial satellite imaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.