The Commercial Satellite Imaging Global Market Report 2023 by The Business Research Company, provides commercial satellite imaging market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Commercial Satellite Imaging Global Market Report 2023, the global commercial satellite imaging market size is expected to grow from $3.88 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial satellite imaging market is expected to reach $6.36 billion in 2027 at a CAGR of 10.2%.
Increasing concerns with respect to national security are expected to propel the commercial satellite imaging market going forward. National security threats are any actions or events that pose a risk to the safety, stability and security of a nation or its citizens. These threats can originate from a variety of sources, including foreign governments, terrorist organizations, or cyber-attacks on government agencies. Satellite imaging data plays a complementary role in preventing cyber-attacks on government agencies by providing valuable information for network monitoring, geolocation, early warning, response and mitigation efforts.
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The commercial satellite imaging market is segmented:
1) By Technology: Optical, Radar
2) By Application: Geospatial Data Acquisition And Mapping, Natural Resource Management, Surveillance And Security, Conservation And Research, Disaster Management, Defence And Intelligence
3) By End User: Government, Military And Defense, Forestry And Agriculture, Energy, Civil Engineering And Archaeology, Transportation And Logistics, Other End Users
Technological advancements have emerged as the major trend gaining popularity in the commercial satellite imaging market. Major companies operating in the commercial satellite imaging market are introducing technologically advanced satellite imaging products and offerings to strengthen their position in the market. For instance, in 2020, Maxar Technologies Inc., a US-based space technology company specializing in geospatial intelligence space solutions launched 15 cm HD, a high-definition (HD) imagery offering. The HD technology enhances the pixel count using a mathematical model that is optimized for our imagery, leading to a superior visual output. This breakthrough is expected to result in clearer features and improve the ability of both people and algorithms to extract useful information. 15 cm HD greatly enhances the level of detail, allowing for the observation of finer features that are not visible in lower-resolution satellite imagery.
The commercial satellite imaging market report table of contents includes:
1. Executive Summary
2. Commercial Satellite Imaging Characteristics
3. Commercial Satellite Imaging Trends And Strategies
4. Commercial Satellite Imaging – Macro Economic Scenario
5. Commercial Satellite Imaging Size And Growth
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27. Commercial Satellite Imaging Competitive Landscape And Company Profiles
28. Microbiome Pipeline Analysis
29. Key Mergers And Acquisitions In The Commercial Satellite Imaging
30. Commercial Satellite Imaging Future Outlook and Potential Analysis
31. Appendix
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