The commercial satellite imaging market is expected to grow over the CAGR of around 11.6% during the period 2017 to 2023.
Satellite imaging creates a raw image data with the assistance of optical recognizing enabled satellite. When comparing satellite imaging with that of aeronautical satellite, aeronautical satellite provides a higher resolution of image because it is close to the image. Imaging satellite also provides a widespread coverage of the globe, which makes it an effective alternative in imaging solution. With the growing technology, end-users can now easily access the imaging information with the help of satellite imaging.
The factors that are responsible for the growth of commercial satellite imaging market are increase in demand for high resolution satellite images for protection and increased use of satellite imaging in various sector. Other factors that are responsible for the growth of this market are advancements in technology and the increased availability of broadband technology.
Market Research Analysis
North America is expected to dominate the commercial satellite imaging market during the forecast period because the Government of North America has provided higher funding for space program and provided strong technology base for the development of satellite imaging. Europe is expected to be the second largest region for the commercial satellite imaging market. In Asia-Pacific, countries such as India, China and Japan is also expected to grow due to the growth in Location-Based Service (LBS) technology. The global commercial satellite imaging market is expected to grow at a CAGR of 11.6 % during the forecast period.
Scope of the Report
This study provides an overview of the global commercial satellite imaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global commercial satellite imaging market by its end-use industry, by application, and by region.
The key players in commercial satellite imaging market are DigitalGlobe International, Inc (Singapore), Galileo Group (U.S.), SpaceKnow, Inc (U.S.), Airbus Defence and Space (France), Harris Corporation (U.S.), Planet Labs, Inc (U.S.), Exelis Inc.,(U.S.), Blacksky Global (U.S.), European Space Imaging GmbH (Germany) and UrtheCast (Canada).