Commercial Satellite Imaging Market Reach USD 9.2 Billion by 2031 at 11.3% CAGR

Rise in utilization of satellite imagery in government and defense sectors drive the growth of the global 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭. North America contributed to the highest share in 2021, and is expected to continue its dominant share by 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/1751

Satellite imaging offers geospatial products and services for most government agencies and defense authorities for security-related applications. With high image quality and precision, satellite imaging is a proven source of information for any government or defense authorities, which helps in maximizing security programs. In addition, the information extracted from satellite images helps the local governments to better assess real-life situations. This, in turn, contributes toward developing live-saving and property-protection programs and enhance the future economic stability of their respective communities.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

𝐈𝐌𝐀𝐆𝐄𝐒𝐀𝐓 𝐈𝐍𝐓𝐄𝐑𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐍.𝐕, 𝐏𝐋𝐀𝐍𝐄𝐓 𝐋𝐀𝐁𝐒 𝐈𝐍𝐂, 𝐄𝐔𝐑𝐎𝐏𝐄𝐀𝐍 𝐒𝐏𝐀𝐂𝐄 𝐈𝐌𝐀𝐆𝐈𝐍𝐆, 𝐓𝐄𝐋𝐄𝐒𝐏𝐀𝐙𝐈𝐎 𝐅𝐑𝐀𝐍𝐂𝐄, 𝐌𝐀𝐗𝐀𝐑 𝐓𝐄𝐂𝐇𝐍𝐎𝐋𝐎𝐆𝐈𝐄𝐒 𝐈𝐍𝐂, 𝐆𝐀𝐋𝐈𝐋𝐄𝐎 𝐆𝐑𝐎𝐔𝐏, 𝐈𝐍𝐂, 𝐁𝐋𝐀𝐂𝐊𝐒𝐊𝐘 𝐆𝐋𝐎𝐁𝐀𝐋 𝐋𝐋𝐂, 𝐒𝐏𝐀𝐂𝐄𝐊𝐍𝐎𝐖, 𝐇𝐀𝐑𝐑𝐈𝐒 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐔𝐑𝐓𝐇𝐄𝐂𝐀𝐒𝐓 𝐂𝐎𝐑𝐏

Satellite images are used for urban management or planning and for smart city development. . Urban planners use satellite imagery datasets containing useful information regarding annotated objects data to understand settlement trends and ensure efficient infrastructure management. In addition, rise in use of remote sensing technology for zoning and city infrastructure modeling has helped in meeting increasing demands from city-based populations toward better management of sustainable urban development. In addition, growth in urban agglomeration and monitoring urbanization of adjoining areas to enable smart city planning and implementation is propelling satellite imagery adoption.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/commercial-satellite-imaging-market/purchase-options

Aerial imaging services are majorly adopted for business and personal commercial use, owing to their low cost as compared to satellite imagery. Furthermore, the data captured by these services is most recent as in some cases old satellites may not be able to reflect the most recent changes or developments. In addition, the resolution and clarity of aerial images are likely to be higher, which makes the real-time situation easier to understand. These advantages of aerial imaging services are expected to restrain the growth of the global commercial satellite market.

Advantages such as precise mapping for mission planning, search, and rescue operations and rise in utilization of satellite imagery in government and defense sectors drive the growth of the global commercial satellite imaging market. Moreover, the introduction of new technologies such as electric propulsion technology, high-resolution cameras, advanced remote sensing technology, and others supplements the market. On the other hand, increase in usage of satellite data for development of smart cities and connected vehicles along with rise in implementation in commercial applications present new opportunities in the coming years.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, North America contributed to the highest share in 2021, holding nearly two-fifths of the total market share, and is expected to continue its dominant share by 2031. However, Asia-Pacific is projected to portray the fastest CAGR of 12.9% during the forecast period.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1751

Based on end user, the government segment held the largest share in 2021, accounting for more than one-fifth of the global commercial satellite imaging market. However, the civil engineering and archaeology segment is expected to register the largest CAGR of 13.2% during the forecast period.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By application, the geospatial data acquisition & mapping segment generated the highest revenue in 2021.

By end user, the government segment was the highest revenue contributor in 2021.

By region, North America contributed the highest revenue, followed by Europe, Asia-Pacific, and LAMEA in 2021.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Small Satellite Market - https://www.prnewswire.com/news-releases/small-satellite-market-to-reach-13-71-billion-globally-by-2030-at-16-4-cagr-allied-market-research-301471345.html

Nanosatellite and Microsatellite Market - https://www.prnewswire.com/news-releases/nanosatellite-and-microsatellite-market-to-reach-8-69-billion-globally-by-2030-at-14-9-cagr-allied-market-research-301474824.html

Aerial Imaging Market - https://www.globenewswire.com/en/news-release/2021/12/09/2348758/0/en/Aerial-Imaging-Market-to-Garner-8-51-Billion-by-2030-Allied-Market-Research.html

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