According to the latest report by IMARC Group, titled “Commercial Satellite Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global commercial satellite imaging market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026.
Commercial satellite imaging is a tool used for commercial purposes to visualize high-resolution datasets of ground conditions. It helps in environmental monitoring and management, security of energy resources, border surveillance, as well as mapping of construction projects. Commercial satellite imaging is operated by commercial businesses and governments across the globe. It provides faster image delivery, facilitating comprehensive earth coverage. As a result, it finds application in simulation, engineering, infrastructure, telecommunication, precision agriculture, forestry, disaster recovery, and watershed management.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Commercial Satellite Imaging Market Trends:
The global commercial satellite imaging market is primarily driven by the increasing dependence on location-based services (LBS), which provide real-time geographical data using smart devices. Commercial satellite imaging companies sell images to Google Maps, Apple Maps, and government organizations through licensing agreements that use the service for national defense, and environmental protection, and development and emergency services. The market is further propelled by the integration of technologies such as global positioning system (GPS) satellites, advanced sensing, high-resolution cameras, light detection and ranging (LIDAR), and electric propulsion. Other factors, such as the increasing defense budgets to deploy commercial satellite imaging to provide information that strengthens defense operations and the growing security and environmental concerns, are also significantly influencing the growth of the market.
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Global Commercial Satellite Imaging Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Airbus S.A.S.
- EarthDaily Analytics
- European Space Imaging
- Galileo Group Inc
- L3Harris Technologies Inc.
- Maxar Technologies
- Planet Labs Inc
- Skylab Analytics
Breakup by Technology:
Breakup by Application:
- Geospatial Data Acquisition and Mapping
- Urban Planning and Development
- Disaster Management
- Energy and Natural Resource Management
- Surveillance and Security
- Defense and Intelligence
Breakup by End User:
- Military Defense
- Forestry and Agriculture
- Civil Engineering and Archaeology
- Transportation and Logistics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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