Press release
Commercial Satellite Imaging Market Increasing Adoption of this Technology in the Military
By using industry-standard tools such as Porter’s five force analysis and SWOT analysis, analysts have identified the key strengths, weaknesses, opportunities, and threats in the market.
Key companies operating in the global market are listed in the report by highlighting their products, applications, and specifications.
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The application of advanced technology has motivated many industries to use commercial satellite imaging to broaden their business reach across the globe.
The demand for high-resolution satellite imaging from national development authorities, national defense organizations, environmental protection organizations, and homeland security agencies is expected to increase.
The application of commercial satellite imaging is predicted to increase. These trends are expected to propel the global market for commercial satellite imaging.
Commercial satellite imaging finds application in energy, geospatial technology, defense and intelligence, conservation and research, disaster response management, construction and development, and media and entertainment.
The demand for commercial satellite imaging is expected to be the highest from the defense and intelligence sector owing to the rising adoption in the military and infrastructure applications.
The rising government funding is likely to support the growth of the global commercial satellite imaging market. Governments of many nations are assisting leading companies to focus on research and development activities to introduce new commercial satellite imaging techniques.
The rising application of commercial satellite imaging in the industrial and agricultural sectors is also expected to benefit the market in the long run.
By region, the global commercial satellite imaging market is divided into Latin America, Europe, North America, Asia Pacific, the Middle East and Africa. In 2014, North America led the global commercial satellite imaging market.
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Rising government funding is expected to help the North America commercial satellite imaging market to maintain its dominance. However, Latin America is expected to register a significant growth in the global market in the years to come.
Thanks to the technological advancements, the adoption of commercial satellite imaging continues to increase across the globe. Improvements in high-resolution imagery technology and reducing the size of commercial satellites have led to the growth of the level of competition in between leading companies operating in the global commercial satellite imaging market.
Currently, this global market is observing the evolution of many new smaller satellites, CubeSats, operated by companies such as PlanetiQ and Skybox Imaging Inc.
The introduction of CubeSats has been a key trend, offering high-resolution images, however at low costs of operations, production, and launching.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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