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Worldwide Commercial Satellite Imaging Market Registering a CAGR of 11.5% During the Forecast Period 2016 - 2022 | ResearchBeam

12-23-2016 02:58 PM CET | Media & Telecommunications

Press release from: Research beam market research

Worldwide Commercial Satellite Imaging Market Registering

Research Beam added report on “World Commercial Satellite Imaging Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Commercial Satellite Imaging Market by End User (Government, Defense, Forestry & agriculture, Energy, Civil engineering & archaeology, Media & entertainment, and insurance), Application (Geospatial data acquisition & mapping, Urban planning & development , Disaster management, Energy & natural resource management, Surveillance & security) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022”

Research Beam study says Global Commercial Satellite Imaging Market is expected to garner $5,275 million by 2022, registering a CAGR of 11.5% during the forecast period 2016 - 2022, Download PDF Sample Copy @ http://www.researchbeam.com/commercial-satellite-imaging-market/request-sample

The commercial satellite imaging market provides geospatial data and information in the form of real-time images, which are utilized across different commercial sectors for various purposes, including environment monitoring & management, security of energy resources, surveillance of border areas, and mapping of constructional projects. Increase in adoption of location-based services (LBS) in various sectors, including defense & intelligence, transportation, telecommunication, manufacturing, e-retailing, and energy supplements the market growth. However, aerial imaging services provide higher resolution images as compared to satellite imagery, which is expected to restrict the growth of the market. Moreover, decrease in price of satellite imaging solutions and technological advancements such as launch of GPS satellites, cloud service, remote sensing technology, and high-resolution cameras are expected to create numerous opportunities for the growth of the market.

The commercial satellite imaging market offers geospatial data which is utilized among various sectors, including government, defense, agriculture, energy, civil engineering, archaeology, real estate, and insurance. Defense sector is one of the prominent end users of the market, owing to its varied applications such as mapping of border areas, inspecting rescue operations, and monitoring illegal activities through border areas. Additionally, the government sector utilizes satellite imagery for various purposes such as land mapping, homeland security, environmental research, mapping transportation network, and others. In agriculture and forestry sector, images captured through satellites are used for crop assessment, change detection, irrigated landscape mapping, soils analysis, environmental analysis, and yield determination. Moreover, satellite imagery is also used for energy loss mapping, gas pipeline monitoring, exploration of energy sources, and inspection of power plants in the energy sector.

The prominent players of the market across the globe include DigitalGlobe, Inc., Galileo Group, Inc., Planet Labs, Inc., Spaceknow, Inc., SkyLab Analytics, Harris Corporation, BlackSky Global LLC, ImageSat Inernational N.V, European Space Imaging (EUSI) GmbH, and UrtheCast Corp.

Segment Overview
The world commercial satellite imaging market is segmented based on end user, application, and geography. Based on the end user segment, the market is divided into government, defense, forestry & agriculture, energy, civil engineering & archaeology, and others (media & entertainment, insurance, and real estate). Various applications of the market include geospatial data acquisition & mapping, urban planning & development, disaster management, energy & natural resource management, and surveillance & security. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits of Commercial Satellite Imaging Market
• The study provides an in-depth analysis of the world commercial satellite imaging market along with current trends and future estimations to elucidate the imminent investment pockets.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the commercial satellite imaging industry.
• The report provides information of key drivers, restraints, and opportunities along with their impact analysis.
• Quantitative analysis of the current market and forecast for the period of 20142022 is provided to highlight the financial appetency of the commercial satellite imaging industry.
• Porters Five Forces analysis of the commercial satellite imaging industry illustrates the potency of buyers and suppliers that participate in the market.
• Value chain analysis provides a clear understanding on the roles of stakeholders.

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