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Global Commercial Satellite Imaging Market Overview Covering Forecast Market Size And Growth Rate 2033 | Airbus SE, L3Harris Technologies Inc., Trimble Navigation Limited, Maxar Technologies Inc
Commercial Satellite Imaging Global Market Report
The Business Research Company presents an extensive market research report on the Commercial Satellite Imaging Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The commercial satellite imaging market size has grown rapidly in recent years. It will grow from $4.34 billion in 2023 to $4.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to defense and security applications, natural resource management, infrastructure development, disaster management, navigation and mapping.
The commercial satellite imaging market size is expected to see rapid growth in the next few years. It will grow to $7.33 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to precision agriculture, climate monitoring, urban planning and smart cities, humanitarian aid and disaster relief, telecommunications infrastructure. Major trends in the forecast period include global demand for real-time imaging, integration of hyperspectral imaging, public-private partnerships for data sharing, enhanced data analytics platforms, focus on environmental monitoring and climate change.
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Key Market Players:
Major companies operating in the commercial satellite imaging market report are Airbus SE, L3Harris Technologies Inc., Trimble Navigation Limited, Maxar Technologies Inc., DigitalGlobe Inc., Environmental Systems Research Institute Inc. (Esri), Telespazio Spa, MDA Ltd., Planet Labs PBC, Radiant Solutions Inc., Spire Global Inc., Capella Space Inc., BlackSky Global LLC, GHGSat Inc., ImageSat International N.V. (iSi), UrtheCast Corp., Orbital Insight Inc., Descartes Labs Inc., Tomorrow.io Inc., Satellogic S.L.U., SpaceKnow Inc., Kleos Space S.A., European Space Imaging (EUSI) GmbH, Galileo Group Inc., Skylab Analytics, Astrocast Satellite IoT Network, ICEYE Finland Oy, Satshots LLC, Predicio Analytics Inc., AGROVOCAT S.A.S., Soarview Technologies Inc.
Market Drivers:
Increasing concerns with respect to national security are expected to propel the commercial satellite imaging market going forward. National security threats are any actions or events that pose a risk to the safety, stability and security of a nation or its citizens. These threats can originate from a variety of sources, including foreign governments, terrorist organizations, or cyber-attacks on government agencies. Satellite imaging data plays a complementary role in preventing cyber-attacks on government agencies by providing valuable information for network monitoring, geolocation, early warning, response, and mitigation efforts. For instance, in 2022, according to the Cyber Threat Report published by SonicWall, a US-based cyber security company, there was a significant increase in global ransomware incidents, with a rise of 105% in 2021 compared to the previous year. The number of ransomware attacks on government agencies saw a dramatic increase of 1,885%, which was more than twice the increase seen in healthcare (755%), education (152%) and retail (21%), combined, as well as substantial increase in crypto-jacking attempts on government customers, with a rise of 709% in 2021. Therefore, the increasing concerns with respect to national security are driving the commercial satellite imaging market.
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https://www.thebusinessresearchcompany.com/report/commercial-satellite-imaging-global-market-report
The commercial satellite imaging market covered in this report is segmented -
1) By Technology: Optical, Radar
2) By Application: Geospatial Data Acquisition And Mapping, Natural Resource Management, Surveillance And Security, Conservation And Research, Disaster Management, Defense And Intelligence
3) By End User: Government, Military And Defense, Forestry And Agriculture, Energy, Civil Engineering And Archaeology, Transportation And Logistics, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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