Commercial Satellite Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Commercial Satellite Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A4311
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Market Overview:

The global commercial satellite imaging market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.75% during 2023-2028.

Commercial satellite imaging is a tool used to visualize high-resolution datasets of ground conditions. It searches a map or an area of interest to compare date, prices, and resolution with other suppliers. It offers comprehensive data and a clear picture useful in simulation, engineering, infrastructure, telecommunications, precision agriculture, disaster recovery, forestry, and watershed management. It also provides a base to start projects for media and publication, regional studies, and mapping widespread trends. Presently, key players are introducing commercial satellite imaging that can detect ground conditions at night with radar imagery, thereby delivering unique, reliable monitoring capabilities to civil and defense organizations around the world.

Global Commercial Satellite Imaging Market Report

Commercial Satellite Imaging Market Trends:

Rising concerns about climatic changes, environmental degradation, and disaster monitoring represent one of the key factors escalating the demand for commercial satellite imaging around the world. Moreover, due to the growing security concerns and geopolitical tensions between countries, governing agencies of numerous countries are increasing their defense budget. They are deploying commercial satellite imaging to provide information that helps strengthen defense operations and security services. In addition, satellite imaging provides data on the chemical, physical, and biological properties of the planet. This information is widely used by researchers, scientists, and companies to develop advanced products. Apart from this, the introduction of advanced technologies, such as global positioning system (GPS) satellites, electric propulsion, remote sensing, high-resolution cameras, and light detection and ranging (LIDAR), is contributing to market growth. The escalating use of artificial intelligence (AI) and cloud infrastructure is also influencing the market positively. Furthermore, the integration of rapid acquisition with commercial satellite imaging technology can quickly deliver image data to support live monitoring of events, which is creating a favorable market outlook.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial satellite imaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, application and end user.

Breakup by Technology:

  • Optical
  • Radar

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Breakup by Application:

  • Geospatial Data Acquisition and Mapping
  • Urban Planning and Development
  • Disaster Management
  • Energy and Natural Resource Management
  • Surveillance and Security
  • Defense and Intelligence
  • Others
     

Breakup by End User:

  • Government
  • Military Defense
  • Forestry and Agriculture
  • Energy
  • Civil Engineering and Archaeology
  • Transportation and Logistics
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus S.A.S., BlackSky Technology Inc., EarthDaily Analytics (UrtheCast Corp.), European Space Imaging GmbH, Galileo Group Inc, L3Harris Technologies Inc., Maxar Technologies Inc., Planet Labs Inc., Skylab Analytics and SpaceKnow Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
 Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Technology, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus S.A.S., BlackSky Technology Inc., EarthDaily Analytics (UrtheCast Corp.), European Space Imaging GmbH, Galileo Group Inc, L3Harris Technologies Inc., Maxar Technologies Inc., Planet Labs Inc., Skylab Analytics and SpaceKnow Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global commercial satellite imaging market was valued at US$ 3.8 Billion in 2022.

We expect the global commercial satellite imaging market to exhibit a CAGR of 11.75% during 2023-2028.

The rising incidences of geopolitical tensions between nations, along with the increasing deployment of commercial satellite imaging, as it aids in providing information to strengthen defense operations and security services, are primarily driving the global commercial satellite imaging market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous R&D activities for commercial satellite imaging.

Based on the technology, the global commercial satellite imaging market can be categorized into optical and radar. Currently, optical accounts for the majority of the global market share.

Based on the application, the global commercial satellite imaging market has been segregated into geospatial data acquisition and mapping, urban planning and development, disaster management, energy and natural resource management, surveillance and security, defense and intelligence, and others. Among these, geospatial data acquisition and mapping currently exhibits a clear dominance in the market.

Based on the end user, the global commercial satellite imaging market can be bifurcated into government, military defense, forestry and agriculture, energy, civil engineering and archaeology, transportation and logistics, and others. Currently, military defense holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global commercial satellite imaging market include Airbus S.A.S., BlackSky Technology Inc., EarthDaily Analytics (UrtheCast Corp.), European Space Imaging GmbH, Galileo Group Inc, L3Harris Technologies Inc., Maxar Technologies Inc., Planet Labs Inc., Skylab Analytics, and SpaceKnow Inc.

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Commercial Satellite Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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