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Latin America Commercial Satellite Imaging Market: Exploring the Upcoming Trends, Market Dynamics, and Investment Opportunities in the Industry in 2018-2025
Latin America Commercial Satellite Imaging Market
The Latin America commercial satellite imaging market is expected to witness a considerable growth during the forecast period, due to emerging technologies in satellite imaging technology, which propel its adoption. In addition, increase in foreign investment and upsurge in adoption of satellite imaging technology are anticipated to propel the market growth.
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Commercial satellite imaging refers to obtaining images of Earth and space with the help of satellites. Many private companies offer satellite images of Earth along with processing to analyze them for various purposes, including monitoring & detection of vegetation, habitat, oil pipelines infrastructure construction, generation of digital elevation model (DEM), and exploration of natural resources & archaeological sites.
Foreign investment coupled with government investment in the geospatial industry leads to the rapid growth of the commercial satellite imaging market in Latin America.
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The development of the geospatial industry in the region is the major factor that drives the growth of the commercial satellite imaging market in Latin America.
The major players operating in the Latin America Commercial satellite imaging market include DigitalGlobe, Inc., Galileo Group, Inc., Threetek, Telespazio, SkyLab Analytics, Harris Corporation, Satellogic, Trimble Navigation Ltd, Airbus, and UrtheCast Corp.
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