Commercial Satellite Imaging Market Size, Share & Trends Analysis Report By Technology, By Product, By Application, And Segment Forecasts, 2022 – 2027

MarketIintelligenceData recently published a research report called Commercial Satellite Imaging Market. Primary and secondary research methods were used to construct this report. The Analysis was derived using history and predictions. The report includes an in-depth study of geographic regions, revenue forecasts, segmentation, and market share.

The global Commercial Satellite Imaging Market is expected to flourish in terms of volume and value over the forecast period. The report provides an understanding of the various drivers, threats, opportunities, and limitations of the market. Analysts have used SWOT and Porter’s Five Forces Analysis to determine the impact of these factors on market growth during the forecast period.

The Global Commercial Satellite Imaging Market Size is Projected to Reach at a CAGR of 12% during 2022-2027.

Market Overview

The significance of satellite imaging has prompted governmental organizations to support its growth. Various governments have been supporting the firms in the market studied, by investing in satellite imaging technologies. The Australian government invested in satellite technologies, and it spent USD 260 million for the development of satellite technology and the creation of jobs in Australia.
These factors have been encouraging the companies to develop improved solutions in the market studied. For instance, BlackSky, a geospatial intelligence company announced that it secured USD 50 million loans from the Intelsat satellite powerhouse, primarily to boost its nascent earth observation constellation. The company also announced its plans to use this capital to build on its existing assets and alliances. The company primarily aims to incorporate access to Intelsat’s communications infrastructure to deliver its imaging and intelligence services across the world.

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Global Commercial Satellite Imaging Market Analysis Report Top Companies: 

DigitalGlobe, DMCii, ImageSat International, Planet Labs, Deimos Imaging, E-GEOS, Geosys Enterprise Solutions, Satellogic, Terra Bella

Recent Development:

February 2020 - The Air Force Life Cycle Management Centre partnered with L3Harris Technologies for a multimillion-dollar contract to develop a software platform, which may make it easier for analysts to use artificial intelligence (AI) to identify objects in large data sets, thus, addressing urgent defence need for automation to analyse large geospatial data sets.
July 2019 - DigitalGlobe developed OpenStreetMap imagery endpoints, which may enable the users of OpenStreetMap to see uniformity in content between the previous and new layers. The imagery is expected to be more recent and more frequently updated by using the latest Maxar mosaic content. The improved production processes (bundle block adjustment, atmospheric compensation, continuous updates, etc.) are expected to benefit OSM contributors.

Commercial Satellite Imaging Market Segmentation by Type:

1m Resolving Power
25m Resolving Power
5m Resolving Power
Other

Commercial Satellite Imaging Market Segmentation by Application:

Transportation
Environment
Agriculture Industry
Other

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The North American Region is Expected to Account for the Largest Share

North America is expected to dominate the market studied during the forecast period, due to the highest number of researches and investments in the market studied, the presence of sophisticated infrastructure to undertake space programs, and the earliest and highest adoption of commercial satellite imaging across various industries in the region.
Due to the strong support from the federal government regarding grants to academic institutions and companies, in order to develop highly advanced satellite imaging devices, the market studied is estimated to expand further in the region. According to the Union of Concerned Scientists, the United States has the largest number of satellites in orbit i.e. 901 as of March 2019, followed by China with 299 satellites.

Regional Commercial Satellite Imaging Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Commercial Satellite Imaging Market Report:

Detailed overview of Commercial Satellite Imaging Market
Changing the Commercial Satellite Imaging market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Commercial Satellite Imaging market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Commercial Satellite Imaging Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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