Global Commercial Satellite Imaging Market Overview:
According to the latest report by IMARC Group, titled “Commercial Satellite Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global commercial satellite imaging market size reached US$ 3.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2027, exhibiting a growth rate (CAGR) of 11.4% during 2022-2027. Commercial satellite imaging refers to a tool used to visualize high-resolution datasets of ground conditions. It searches an area of interest or a map to compare prices, dates, and resolutions with other suppliers. Commercial satellite imaging offers comprehensive information and a clear picture useful in engineering, infrastructure, simulation, telecommunications, precision agriculture, disaster recovery, forestry, watershed management, etc. It also provides a base to initiate projects for regional studies, media and publication, and widespread mapping trends. As a result, commercial satellite imaging finds extensive applications across various sectors, such as forestry and agriculture, energy, military, defense, transportation and logistics, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Commercial Satellite Imaging Market Trends:
The rising concerns towards climatic changes, environmental degradation, and disaster monitoring are primarily driving the commercial satellite imaging market. Besides this, the escalating utilization of this mechanism by scientists, researchers, and companies to gather data on the chemical, physical, and biological properties of the planet is further augmenting the market growth. Moreover, the elevating requirement for commercial satellite imaging to strengthen defense operations and security services, owing to the rising safety concerns and geopolitical tensions between countries, is also catalyzing the global market. Apart from this, the introduction of several advanced technologies, including electric propulsion, global positioning system (GPS) satellites, remote sensing, high-resolution cameras, and light detection and ranging (LIDAR), is acting as another significant growth-inducing factor. Furthermore, the integration of rapid acquisition with this mechanism to quickly deliver image data is expected to bolster the commercial satellite imaging market in the coming years.
Global Commercial Satellite Imaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Airbus S.A.S.
- EarthDaily Analytics
- European Space Imaging
- Galileo Group Inc
- L3Harris Technologies Inc.
- Maxar Technologies
- Planet Labs Inc
- Skylab Analytics
Breakup by Technology:
- Geospatial Data Acquisition and Mapping
- Urban Planning and Development
- Disaster Management
- Energy and Natural Resource Management
- Surveillance and Security
- Defense and Intelligence
Breakup by End User:
- Military Defense
- Forestry and Agriculture
- Civil Engineering and Archaeology
- Transportation and Logistics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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