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Global Commercial Satellite Imaging Market to Grow at 10% During 2024-2032, Bolstered by Rising Concerns Regarding Climate Change

November 17, 2021 | Technology & Media

IMARC Group’s latest report, titled “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,” finds that the global commercial satellite imaging market size reached US$ 4.2 Billion in 2023. Commercial satellite imaging refers to a tool employed for visualizing ground conditions via high-resolution images and datasets. It offers comprehensive data and clear images that find extensive applications in engineering, infrastructure, simulation, disaster recovery, precision agriculture, telecommunications, watershed management and forestry. Moreover, it provides a base to start projects for regional studies, mapping widespread trends, and media and publication. Nowadays, leading players are launching commercial satellite imaging that can detect ground conditions at night using radar imagery to deliver reliable monitoring capabilities to civil and defense organizations across the globe.

Global Commercial Satellite Imaging Market Trends: 

The rising concerns regarding climate change, environmental degradation and disaster monitoring represents the primary factor driving the global market. Apart from this, with the growing security concerns and geopolitical tensions between countries, governments of various nations are expanding their overall defense budget. Due to this, they are rapidly employing commercial satellite imaging to acquire information that will help strengthen defense operations and security services. Additionally, commercial satellite imaging provides critical data on the biological, physical and chemical properties of the planet that is widely used by scientists, researchers and companies to develop innovative products. Besides this, the introduction of advanced technologies, including high-resolution cameras, remote sensing, and electric propulsion, have enhanced image quality. Furthermore, commercial satellite imaging technology is integrated with rapid acquisition to deliver image data quickly and support live monitoring of events. This, in confluence with the rising usage of artificial intelligence (AI) and cloud infrastructure, is creating a positive market outlook. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2032, exhibiting a CAGR of 10% during the forecast period (2024-2032). 

Market Summary: 

  • Based on technology, the market has been bifurcated into optical and radar.
  • On the basis of the application, the market has been classified 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.
  • Based on the end user, the market has been segregated into government, military defense, forestry and agriculture, energy, civil engineering and archaeology, transportation and logistics and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some 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 Scope:

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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Commercial Satellite Imaging Market to Grow at 10% During 2024-2032, Bolstered by Rising Concerns Regarding Climate Change
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