Commercial Satellite Imaging Market Size Worth $5.68 Billion by 2023 | CAGR: 10.85% | Global Key Players - DigitalGlobe, Galileo Group, Planet Labs, Spaceknow, SkyLab Analytics, Harris

Marketprognosis.com Publish a New Market Research Report On “Commercial Satellite Imaging Market - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Commercial Satellite Imaging Market:

In 2017, the Commercial Satellite Imaging Market was valued at USD 3.061 Billion and is expected to reach a value of USD 5.68 Billion by 2023, registering a CAGR of 10.85% during 2018-2023 (the forecast period). The scope of this report is limited to the solutions offered by the various market players for natural resource management, geospatial data acquisition, security & surveillance, and disaster management, among others.

The major market drivers have been the adoption of location-based services and the reduced costs of satellite imaging solutions. Further, the technological advancements, such as the launch of GPS satellites, remote sensing technology, cloud service, and high-resolution cameras, have created numerous opportunities for the growth of the commercial satellite imaging market. However, the provision of higher resolution images through aerial imaging, when compared to satellite imagery, is expected to restrict the market growth.

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Being an early adopter and leader in space technology for imaging applications across various end-user verticals, the United States dominates the market. The country boasts of a highly advanced and developed market landscape buoyed by government organizations, such as NASA. The United States is one of the highest spending countries on aerospace and defense. Also, the country has been a forerunner in adopting technologies to address environmental concerns, through the United States Environmental Protection Agency.

In 2016, the country invested around USD 1.42 trillion to combat climate change and carbon emissions, through effective imaging and GIS. The government’s emphasis on owning a state-of-the-art technology and equipment for the use in the industry proves to be instrumental in driving the adoption rate of satellite-based imaging techniques. With the increasing number of natural disasters, such as Hurricane Harvey, Hurricane Matthew, Great Smoky Mountains wildfires, and Louisiana floods, it is imperative for the country to adopt monitoring and disaster management solutions. However, high costs and licensing issues remain the major constraints impeding the market growth in this region.

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Major Key Players:

1 DigitalGlobe, Inc. ( Maxar Technologies)

2 Galileo Group, Inc.

3 Planet Labs, Inc.

4 Spaceknow, Inc.

5 SkyLab Analytics

6 Harris Corporation and More…………….

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Commercial Satellite Imaging Market.

Table of Contents:

1 Introduction

2 Research Scope and Methodology

3 Market Analysis

4 Market Dynamics

5 Technology Snapshot

6 Segmentation By Application

7 Segmentation By End-user Vertical

8 Segmentation By Region

9 Key Vendor Profiles

10 Investment Analysis

11 Future of the Market

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This release was published on openPR.