Commercial Satellite Imaging Market - Popular Trends & Technological Advancements to Watch Out for Near Future 2023 - PowerPoint PPT Presentation

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Commercial Satellite Imaging Market - Popular Trends & Technological Advancements to Watch Out for Near Future 2023

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Global Commercial Satellite Imaging Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insights by Application (Geospatial Data Acquisition & Mapping, Defence & Intelligence, Energy, Disaster Management, Natural Resource Management, Construction & Development, Surveillance & Security, Conservation and Research, and Media & Entertainment), and by End-User (Commercial Enterprise, Government, Defence, Forestry & Agriculture, Civil Engineering Industry, Energy, and Insurance) – PowerPoint PPT presentation

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Title: Commercial Satellite Imaging Market - Popular Trends & Technological Advancements to Watch Out for Near Future 2023


1
Global Commercial Satellite Imaging Market to
Witness 11.2 CAGR during 2017 2023
2
Global Commercial Satellite Imaging Market
According to a new research report Global
Commercial Satellite Imaging Market Size, Share,
Development, Growth and Demand Forecast to 2023 -
Industry Insights by Application (Geospatial Data
Acquisition Mapping, Defence Intelligence,
Energy, Disaster Management, Natural Resource
Management, Construction Development,
Surveillance Security, Conservation Research,
and Media Entertainment), and by End-User
(Commercial Enterprise, Government, Defence,
Forestry Agriculture, Civil Engineering
Industry, Energy, and Insurance) published by
PS Market Research, the global commercial
satellite imaging market is projected to reach
6,809.9 million by 2023, growing at a CAGR of
11.2 during 2017 - 2023. Browse Report
Description at https//www.psmarketresearch.com/m
arket-analysis/commercial-satellite-imaging-market

3
Global Commercial Satellite Imaging Market
Global commercial satellite imaging market to
grow in double digits
As per the research, the global commercial
satellite imaging market is likely to witness
double digit growth during the forecast period.
The commercial satellite imaging market offers
geospatial data and information in the form of
real-time images. These images captured through
satellite imagery systems are utilized for
several purposes, including natural resource
management, surveillance of terror prone border
areas, mapping of vast constructional projects
and for environment monitoring and management.
Surging adoption of location-based services (LBS)
by various end-users, including commercial
enterprise, government, defense, civil
engineering, forestry agriculture, insurance
and energy, is likely to spearhead the growth of
the global commercial satellite imaging market.
4
Global Commercial Satellite Imaging Market
Insights on market segments
Geospatial data acquisition mapping has been
the largest application segment in the commercial
satellite imaging market globally, accounting for
a major share of the revenues in 2016. The market
for disaster management is expected to grow at
the highest pace during the forecast period. On
the other hand, commercial enterprise has been
the major end-user in commercial satellite
imaging market, whereas defence segment is
expected to be the fastest growing end-user
industry during forecast period. Commercial
enterprises have been using Earth imagery
services for optimizing business processes
through location based services. The major
end-users for commercial satellite imaging in
commercial enterprises include media
entertainment, conservation and research,
tourism, and biomedical. The emerging car rental
market is one of the major end-users of
commercial satellite imaging. For instance,
recently Uber, a major car rental service
provider, partnered with DigitalGlobe, which is a
prime provider of satellite imaging services, to
use the latters satellite images for mapping and
improving its pick-up and drop-off locations.
5
Global Commercial Satellite Imaging Market
The market to witness fastest growth in
Asia-Pacific during the forecast period
Geographically, North America has been the
largest market for commercial satellite imaging
and Asia-Pacific had been the fastest growing
regional market. North America is expected to
account for over 40 of the global commercial
satellite imaging market in 2023. By country, the
U.S. stands as the largest market globally,
whereas the commercial satellite imaging market
in India has been growing at highest pace. The
anticipated growth in the Asia-Pacific market can
be owed to factors such as rapid adoption of
Earth imagery technologies, growth in industry
digitalization and advancement in satellite image
analytics across the region. Further, increasing
regional government focus towards advancement of
Earth imagery technology is expected to bolster
the commercial satellite imaging market.
6
Global Commercial Satellite Imaging Market
Technological advancements in satellite imaging
escalates the global market growth
Satellite imaging is widely used for image
capturing, which can offer valuable data and
information, used by government and research
organizations across various sectors for various
applications including weather information and
forecasting, farming and forestry. In addition,
the companies involved in offering commercial
satellite imaging products and services are
heavily investing in research development to
enhance high-resolution cameras and advance
sensing technology, which would further help in
improving the quality of satellite-based Earth
Observation (EO) images. With advancement in
agriculture management technology, and rapid
increase in use of precision agriculture
techniques, information concerning within-field
crop yield variability has become more important
for effective and efficient crop management. In
addition, high resolution satellite imagery of
growing crops can be used in order to generate
yield maps for both within season and after
season crop management. Further, with increasing
government expenditure on space programs and
research development to adopt advance
technology in satellite imaging systems is also a
prominent factor, which is expected to drive the
demand of satellite imaging in coming years.
7
Global Commercial Satellite Imaging Market
Moderate competition among key players
The research states that the global commercial
satellite imaging market is moderately
competitive, with players developing advance
Earth imagery and data analytics solutions. Some
of the key players operating in the global
commercial satellite imaging market are
DigitalGlobe, Inc., Galileo Group, Inc.,
Spaceknow, Inc., Environmental Systems Research
Institute, and Airbus Defence and Space. The
global commercial satellite imaging market is
heading towards consolidation, as most of the
major vendors in the global commercial satellite
imaging market are actively focused on enhancing
their offerings to meet the ongoing demand for
advance satellite imagery solutions through
global strategic developments. Some of the major
strategic developments in the global commercial
satellite market include acquisition of
businesses engaged in satellite imagery or
geospatial information services by big players,
and partnerships and agreements between the Earth
imagery providers and geospatial information and
data analytics players, and their beneficiaries.
8
Global Commercial Satellite Imaging Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/c
ommercial-satellite-imaging-market/report-sample
9
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