Global Commercial Satellite Imaging Market worth US$ 4.6 billion 2019 with a CAGR of 10.9%

The report " Global Commercial Satellite Imaging Market, By Application (Geospatial Data Acquisition & Mapping, Natural Resource Management, Surveillance & Security, Conservation & Research, and Others), By End-user (Government, Construction, Transportation & Logistics, Military & Defense, Energy, and Forestry & Agriculture) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030". China Commercial Real Estate accounted for US$ 4.6 billion in 2019 with a CAGR of 10.9%. Growing demand for satellite imagery in various sectors is one of the key factors driving growth of the global commercial satellite imaging market globally. In addition, growing demand for high-resolution satellite imagery in emergency services, defense, homeland security, and environmental protection, for crime mapping, crop forecasting, and data evaluation, commercial satellite imaging is expected to fuel growth of the global market over the forecast period. Furthermore, innovative developments in technologies are offering lucrative growth opportunities for the key players operating in the global commercial satellite imaging market across the globe. For instance, high-resolution cameras, next-generation GPS satellites, light detection and ranging (LIDAR) technology and remote sensing technologies help record, observe, and perceive objects or events from remote locations.

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Key Highlights:

In February 2017, Planet Labs Inc., a provider of earth imaging, has announced plans to acquire Terra Bella, a business of Google which offers commercial high-resolution earth observation satellite imagery. The acquisition aimed to achieve substantial growth by serving new customers in the commercial satellite imaging market, globally.
Key Market Insights from the report:

The global commercial satellite imaging market accounted for US$ 4.6 billion in 2019 and is projected to register a moderate CAGR of 10.9% over the forecast period. The market report has been segmented on the basis of property type.

By application, the defense & intelligence segment held the largest market share in 2017. This is attributed due to rising terrorism threats and growing focus of governments toward the advancement of their defense capabilities across the globe.
By end-user, the target market is segmented into government, construction, transportation & logistics, military & defense, energy, and forestry & agriculture.
By region, growing geospatial research, coupled with high expenditure on the natural resources in the U.S., is anticipated to boost the growth of the North American market over the forecast period.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Commercial Satellite Imaging Market, By Application (Geospatial Data Acquisition & Mapping, Natural Resource Management, Surveillance & Security, Conservation & Research, and Others), By End-user (Government, Construction, Transportation & Logistics, Military & Defense, Energy, and Forestry & Agriculture) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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The prominent player operating in the Australia Plastic Packaging market includes DigitalGlobe Inc., Galileo Group Inc., Planet Labs Inc., SpaceKnow Inc., Skylab Analytics, Harris Corporation, BlackSky Global LLC, ImageSat International NV, UrtheCast Corp., and European Space Imaging (EUSI) GmbH.

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