Satellite Imaging Market – Segments, Production and Consumption, Analysis, Statistics and Overview by Top Manufacturers 2023
Jun 6, 2019
Global Commercial Satellite Imaging Market Size, Share, Growth by Application (Geospatial Data Acquisition & Mapping, Defense & Intelligence, Energy, Surveillance & Security, Disaster Management), End-User (Commercial, Defense), Type (Small, Middle, Large)-Forecast till 2023
Pune, India - June 6, 2019 /MarketersMedia/ —
Geospatial information acquisition & mapping has been the largest commercial satellite imaging market across the globe. In addition, commercial platform has been the major customer of commercial satellite imaging market. It include providers of map created services such as Apple Maps, and Google Maps.
The market is forecasted to witness slow but steady growth by 2024, which will be a surplus growth at a moderate CAGR during the projected period (2018 -2024).
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Segmentation:
The global commercial satellite imaging market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Application: Geospatial Data Acquisition & Mapping, Defence & Intelligence, Energy, Construction & Development, Surveillance & Security, Disaster Management and others.
Segmentation by End-Users: Commercial and Defence
Segmentation by Type: Small (Nano, Pico, Micro), Middle, and Large.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Satellite imaging consists of the various stages of collecting data in the form of images through the use of imaging satellites. Satellite imagery is becoming a competitive market gradually, owing to the rising numbers of new players in this market. The commercial satellite imaging market is gaining attention with the growing necessity for disruptive satellite imagery information analytics by companies across various industries. Critical information and market understanding about various geospatial and environment conditions is carried out for the purpose of efficient resource supervision.
The major trends witnessed in the global commercial satellite imaging market include hyper-spectral image processing for automatic target identification purposes. Most of the military applications involve detecting objects, such as tracking movement of vehicles, with the help of hyper-spectral image processing. Moreover, hyper-spectral image sensors provide image data encompassing both spatial and spectral information. In addition, it can be used to detect various activities, including military activities. Moreover, development in high resolution satellite imagery, for applications in data related sectors such as agriculture and natural resource managing, is also a factor supporting the growth of global commercial satellite imaging market.
Key Players:
The key players in global commercial satellite imaging market are DigitalGlobe (U.S.), Galileo Group Inc. (U.S.), SpaceKnow (U.S.), Airbus (France), Harris Corporation (U.S.), Planet Labs, Inc. (U.S.), Exelis Inc. (U.S.), Blacksky (U.S.), European Space Imaging (Germany), and UrtheCast (Canada)
Most of the vendors in the global commercial satellite imagery market are aggressively using both organic and inorganic growth strategies for their business growth. Currently, the global market is in the process of consolidation, through mergers and acquirements among major companies. For example, Digital Globe lately announced its partnership with Esri and Harris Corporation, the providers of advance geospatial information.
There are various benefits of satellite imaging over aerial imaging, such as frequent flying ability, flexibility in severe weather conditions, and better precision & resolution of images captured by satellite system. Although, satellites normally can capture up to 50 cm resolution pictures used for larger picture overview, whereas, the new generation digital aerial cameras can capture pictures with resolution up to 3 cm, suitable for engineering survey type projects.
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