According to a new report Global Commercial Satellite Imaging Market, published by KBV Research, The Global Commercial Satellite Imaging Market size is expected to reach $4.7 billion by 2025, rising at a market growth of 11.3% CAGR during the forecast period. Growing reliance on location-based services (LBS) is expected to push the growth of the global commercial satellite imaging market. This is because localized services play a key role in giving geographic data in real time through the use of smart devices. Commercial satellite imaging is also applicable across diverse sectors, including construction, defense, transportation and others as a key driver of the global commercial satellite imaging market.
The Government and Defense market dominated the Global Commercial Satellite Imaging Market by End User 2018, growing at a CAGR of 10.1 % during the forecast period. The Forestry & Agriculture market is expected to witness a CAGR of 10.1% during (2019 - 2025). Additionally, The Civil Engineering & Archaeology market is expected to witness highest CAGR of 12% during (2019 - 2025).
The Geospatial Data Acquisition & Mapping market dominated the Global Commercial Satellite Imaging Market by Application 2018, growing at a CAGR of 9.6 % during the forecast period. The Energy & Natural Resource Management market is expected to witness a CAGR of 10.4% during (2019 - 2025). The Defense & Intelligence market is expected to witness a CAGR of 12.8% during (2019 - 2025). Additionally, The Disaster Management market is expected to witness highest CAGR of 13.1% during (2019 - 2025).
Full Report: https://www.kbvresearch.com/commercial-satellite-imaging-market/
The North America market dominated the Global Commercial Satellite Imaging Market by Region 2018, growing at a CAGR of 10 % during the forecast period. The Europe market is expected to witness a CAGR of 10.4% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 13.3% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Spaceflight Industries, Inc., Galileo Group, Inc., ImageSat International N.V., Maxar Technologies, Inc., Planet Labs, Inc., UrtheCast Corporation, Airbus SE, Saab Group (Vricon, Inc.), Trimble, Inc., Leonardo SpA, Thales Group S.A. and L3Harris Technologies, Inc.
Recent Strategies Deployed in Commercial Satellite Imaging Market
» Product Launches:
Sep-2019: Thales Alenia Space has launched new Space Inspire satellite product line (INstant SPace In-orbit REconfiguration) for allowing transition from video broadcasting to broadband connectivity services while maximizing the effectiveness & efficient use of the satellite resources.
Aug-2019: Trimble has launched the Trimble® T7 tablet for GIS data collection applications.
Jul-2019: Vricon, a subsidiary of Saab launched CitySuite, its newest 3D data product in order to fulfill the demand of geospatial market.
Jul-2019: Thales Alenia Space introduced Euclid satellite which can generate hundreds of thousands of images and several tens of petabytes of data.
Jun-2019: Trimble introduced V10 Imaging Rover for capturing 360-degree digital panoramic images for efficient visual documentation and measurement of the surrounding environment.
Nov-2018: Spaceflight launched 12 spacecraft from India’s Polar Satellite Launch Vehicle (PSLV) for meeting the growing demand of smallsat industry.
May-2018: Leonardo introduced first satellite-controlled European MALE-class drone flight which helps in controlling unmanned platforms.
Mar-2018: BlackSky, a subsidiary of Spaceflight launched next generation of small Earth observation satellite, Global-1, which has the features of geolocation accuracy, image quality and on-orbit lifetime.
Feb-2018: Trimble released MX9 Mobile Mapping Solution integrated with vehicle-mounted mobile LIDAR system, multi-camera imaging and field software for data collection.
Dec-2016: Spaceflight introduced BlackSky global intelligence platform, as well as its Early Adopter Program (EAP) participants, and the diverse partner ecosystem fueling the platform which has the embedded features of satellite imagery, social media and other data feeds for revealing the relevant insights around specific locations and topics.
Jun-2016: Vricon, a subsidiary of Saab introduced Vricon Data Suite, the 0.5m resolution Digital Terrain Model (DTM), a high-resolution bare earth elevation data layer for automated processing.
Global Commercial Satellite Imaging Market Segmentation
Geospatial Data Acquisition & Mapping
Energy & Natural Resource Management
Defense & Intelligence
Surveillance & Security
Urban Planning & Development
By End User
Government and Defense
Forestry & Agriculture
Civil Engineering & Archaeology
Transportation & Logistics
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Spaceflight Industries, Inc.
Galileo Group, Inc.
ImageSat International N.V.
Maxar Technologies, Inc.
Planet Labs, Inc.
Saab Group (Vricon, Inc.)
Thales Group S.A.
L3Harris Technologies, Inc.
Commercial Satellite Imaging Market Related Reports:
North America Market
Asia Pacific Market