Global Commercial Satellite Imaging Market in Latin America Is Estimated to Register a CAGR of About 11.4% During Forecast Period 2018-2025

According to a recent report published by Allied Market Research, titled, Latin America Commercial Satellite Imaging Market by End User, Type, and Application: Opportunity Analysis and Industry Forecast, 20172025, the Latin America commercial satellite imaging market was valued at $98.2 million in 2017, and is projected to reach at $237.3 million by 2025, growing at a CAGR of 11.4% from 2018 to 2025.

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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.

Some of the Major Market Players Are:

•DigitalGlobe Inc.
•Galileo Group Inc.
•Threetek
•Telespazio
•SkyLab Analytics
•Harris Corporation
•Satellogic
•Trimble Navigation Ltd
•Airbus
•UrtheCast Corp.

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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.

The Latin America commercial satellite imaging market is expected to witness a 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 adoption of satellite imaging technology are anticipated to propel the market growth.

Latin America Commercial Satellite Imaging Market: https://www.alliedmarketresearch.com/press-release/latin-america-commercial-satellite-imaging-market.html

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