Latin America Commercial Satellite Imaging Market Anticipated to Discern Stable Expansion by 2018 to 2023 | CAGR 11.4%
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Commercial satellite imaging refers to obtaining images of Earth and space with the help of satellites. Many private companies offer satellite images of Earth along with processing to analyze them for various purposes, including monitoring & detection of vegetation, habitat, oil pipelines infrastructure construction, generation of digital elevation model (DEM), and exploration of natural resources & archaeological sites.
Foreign investment coupled with government investment in the geospatial industry leads to the rapid growth of the commercial satellite imaging market in Latin America. The development of the geospatial industry in the region is the major factor that drives the growth of the commercial satellite imaging market in Latin America.
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The Latin America commercial satellite imaging market is expected to witness considerable growth during the forecast period, due to emerging technologies in satellite imaging technology, which propel its adoption. In addition, increase in foreign investment and upsurge in the adoption of satellite imaging technology are anticipated to propel the market growth.
Comprehensive and Competitive Analysis of Leading Market Players
•Galileo Group Inc.
•Trimble Navigation Ltd
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