Global Commercial Satellite Imaging Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global commercial satellite imaging market is marked to expand notably at a CAGR of 12% during the forecast period of 2018-2023. Increasing incorporation of satellite imaging in various commercial services such as mobility-on-demand applications, navigation systems, and others, high demand for satellite imaging for scientific as well as industrial purposes, increased research activities, increased utilization of satellite images to manage the infrastructural development in construction and development industry, and optimization of border surveillance system are propelling the growth of the global commercial satellite imaging market. Increasing demand for satellite imagery in the defense sector of various regions is also fueling the expansion of the global commercial satellite imaging market during the assessment period.
Global Commercial Satellite Imaging Market: Segmental Analysis
The global commercial satellite imaging market has been segmented on the basis of application, end-users, and types. Based on application, the global commercial satellite imaging market has been segmented into geospatial data acquisition & mapping, defense & intelligence, energy, construction & development, surveillance & security, disaster management, and others. Based on end-users, the global commercial satellite imaging market has been segmented into commercial and defense. Based on type, the global commercial satellite imaging market has been segmented into small (nano, pico, micro), middle, and large.
Global Commercial Satellite Imaging Market: Key Players
The prime players profiled by Market Research Future (MRFR) that are operating in the global commercial satellite imaging market are DigitalGlobe (the U.S.), Galileo Group (the U.S.), SpaceKnow (the U.S.), Airbus (France), Harris Corporation (the U.S.), Planet Labs, Inc. (the U.S.), Exelis Inc. (the U.S.), Blacksky (the U.S.), European Space Imaging (Germany), and UrtheCast (Canada).
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Global Commercial Satellite Imaging Market: Regional Analysis
Geographically, the global commercial satellite imaging market has been segmented into five major regions such as North America, Europe, Asia Pacific (APAC), South America, and the Middle East and Africa. The Europe region commands the dominant share of the global commercial satellite imaging market owing to the high demand for satellite imaging for scientific as well as industrial purposes, increased research activities, increasing incorporation of satellite imaging in various commercial services such as mobility-on-demand applications, navigation systems, and others, and increased utilization of satellite images to manage the infrastructural development in construction and development industry of this region. The Asia Pacific region is projecting significant growth in the global commercial satellite imaging market owing to the increased utilization of satellite imaging services on various commercial platforms to optimize the services provided on those platforms, utilization of geospatial data for topographic mapping before the initiation of mining activities, increased geographical study for exploration of economic minerals, and increasing demand for real-time satellite images for global positioning system in this region.
Global Commercial Satellite Imaging Market: Industry Updates
In February 2019, it has been announced that Chile is looking forward to replace its first high-resolution commercial satellite with a more advanced spy satellite for aerial imaging.
In February 2019, the Scientist at NASA (National Aeronautics and Space Administration) has announced that they have discovered a possible second impact crater in northwest Greenland with the help of the images obtained from a commercial satellite.
In January 2019, China has launched four satellites into earth’s orbit, adding two satellites to China’s commercial earth-imaging constellation of satellites and two small satellites on tech demo mission.
In January 2019, ISRO has announced that it will be launching an imaging satellite ‘Microsat-R’ on the 46th flight of Polar Satellite Launch Vehicle (PSLV-C44).
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
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