Commercial Satellite Imaging Market to Grow at a 11.5% CAGR, Featuring Key Players, Market Size, Share & Trends by 2032
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WILMINGTON, NEW CASTLE, DE, UNITED STATES, September 12, 2024 /EINPresswire.com/ — The 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. Advantages such as precise mapping for mission planning, search, and rescue operations and rise in utilization of satellite imagery in government and defense sectors drive the growth of the global commercial satellite imaging market. Moreover, the introduction of new technologies such as electric propulsion technology, high-resolution cameras, advanced remote sensing technology, and others supplements the market.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/1751
They are gaining immense popularity and are massively adopted in the government sector, defense & intelligence, transportation, telecommunication, manufacturing, e-retailing, energy, and natural resource management industries. This is attributed to high-resolution imagery to produce updated, highly accurate, and real-time maps by LBSs. Therefore, growth in adoption of LBSs is expected to drive the growth of the commercial satellite imaging industry. The global commercial satellite imaging market size has been steadily increasing due to the growing demand for geospatial data across various sectors.
The commercial satellite imaging market size is segmented into application, end user, and region. By application, the market is categorized into geospatial data acquisition & mapping, urban planning & development, disaster management, energy & natural resource management, surveillance & security, defense & intelligence, and others. By end user, it is segregated into government, military & defense, forestry & agriculture, energy, civil engineering & archaeology, transportation & logistics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞
𝐏𝐋𝐀𝐍𝐄𝐓 𝐋𝐀𝐁𝐒 𝐈𝐍𝐂, 𝐄𝐔𝐑𝐎𝐏𝐄𝐀𝐍 𝐒𝐏𝐀𝐂𝐄 𝐈𝐌𝐀𝐆𝐈𝐍𝐆, 𝐁𝐋𝐀𝐂𝐊𝐒𝐊𝐘 𝐆𝐋𝐎𝐁𝐀𝐋 𝐋𝐋𝐂, 𝐓𝐄𝐋𝐄𝐒𝐏𝐀𝐙𝐈𝐎 𝐅𝐑𝐀𝐍𝐂𝐄, 𝐒𝐏𝐀𝐂𝐄𝐊𝐍𝐎𝐖, 𝐌𝐀𝐗𝐀𝐑 𝐓𝐄𝐂𝐇𝐍𝐎𝐋𝐎𝐆𝐈𝐄𝐒 𝐈𝐍𝐂, 𝐇𝐀𝐑𝐑𝐈𝐒 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐆𝐀𝐋𝐈𝐋𝐄𝐎 𝐆𝐑𝐎𝐔𝐏, 𝐈𝐍𝐂, 𝐈𝐌𝐀𝐆𝐄𝐒𝐀𝐓 𝐈𝐍𝐓𝐄𝐑𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐍.𝐕, 𝐔𝐑𝐓𝐇𝐄𝐂𝐀𝐒𝐓 𝐂𝐎𝐑𝐏
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/96901c72d180c81450561c793fa8809a
For instance, the China government announced in June 2021 that four satellites will be launched into predetermined orbits for catastrophe prevention and mitigation, asteroid resource discovery, ecological environment monitoring, and other applications. Surge in demand for satellite data from various industry verticals and increase in requirement of earth observation satellites are factors expected to drive the market growth. Companies with a strong technological edge and diverse customer base are likely to gain a competitive advantage in the commercial satellite imaging market share landscape.
Based on end user, the government segment held the largest share in 2021, accounting for more than one-fifth of the global commercial satellite imaging market. However, the civil engineering and archaeology segment is expected to register the largest CAGR of 13.2% during the forecast period.
𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/1751
Based on region, North America contributed to the highest share in 2021, holding nearly two-fifths of the total market share, and is expected to continue its dominant share by 2031. However, Asia-Pacific is projected to portray the fastest CAGR of 12.9% during the forecast period.
Based on application, the geospatial data acquisition and mapping segment accounted for the highest share in 2021, contributing to more than one-fourth of the total market share, and is estimated to continue its lead position during the forecast period. However, the defense & intelligence segment is projected to manifest the highest CAGR of 13.3% from 2022 to 2031.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1751
Similarly, energy companies are also adopting commercial satellite imagery services for enhancement in productivity, which supports the market growth. For instance, in May 2022, ProStar Holdings Inc., a major company in Precision Mapping Solutions, was announced that Scout Energy Partners, signed a service-level agreement (SLA) for ProStar’s cloud and mobile solution to improve the management and safety of pipeline operations.
𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Aerial Imaging Market – https://www.prnewswire.com/news-releases/aerial-imaging-market-to-reach-8-52-bn-globally-by-2030-at-14-2-cagr-allied-market-research-301467316.html
Small Satellite Market – https://www.globenewswire.com/en/news-release/2021/09/20/2299922/0/en/Small-Satellite-Market-to-Hit-13-71-Billion-by-2030-Allied-Market-Research.html
Amphibious Vehicle Market – https://www.prnewswire.com/news-releases/amphibious-vehicle-market-to-reach-5-02-bn-globally-by-2027-at-8-5-cagr-allied-market-research-301237187.html
Drone Training and Education Services Market – https://www.prnewswire.com/news-releases/drone-training-and-education-services-market-to-reach-18-04-billion-globally-by-2032-at-34-9-cagr-allied-market-research-301991735.html
David Correa
Allied Market Research
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