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Commercial Satellite Imaging Market Report by Technology (Optical, Radar), Application (Geospatial Data Acquisition and Mapping, Urban Planning and Development, Disaster Management, Energy and Natural Resource Management, Surveillance and Security, Defense and Intelligence, and Others), End User (Government, Military Defense, Forestry and Agriculture, Energy, Civil Engineering and Archaeology, Transportation and Logistics, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4311
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Market Overview:
The global commercial satellite imaging market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.
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Report Attribute
|
Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 4.2 Billion |
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Market Forecast in 2032
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US$ 10.2 Billion |
| Market Growth Rate 2024-2032 | 10% |
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.
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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 2024-2032. Our report has categorized the market based on technology, application and end user.
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 Technology:
- Optical
- Radar
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| 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) |
The global commercial satellite imaging market was valued at US$ 4.2 Billion in 2023.
We expect the global commercial satellite imaging market to exhibit a CAGR of 10% during 2024-2032.
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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