Commercial Satellite Imaging Market Development, Growing Demand, and Top Key Players

Commercial Satellite Imaging Market Research Report with top
Players and Growth Opportunity
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Satellite imagery is used in conservation and research, construction and infrastructure
development, defense and intelligence, disaster management, geospatial data
acquisition and mapping, media and entertainment, natural resource management, and
surveillance and security. In contemporary years, homeland security agencies, defense
organizations, emergency service organizations, and environmental protection agencies
are shifting toward high-resolution satellite imagery for data evaluation, crime
mapping, and crop forecasting, owing to which commercial satellite imaging
technologies will be adopted on a large scale.
Additionally, the surging use of location-based service (LBS) technology for business
intelligence (BI), consumer tracking, enterprise services, local search, location-specific
health information, mobile advertisements, navigation, and tourism will strengthen the
commercial satellite imaging market in coming years. Nowadays, governments of
developing countries, such as India, Mexico, and China, are taking several initiatives to
encourage startups to venture into LBS technology and facilitate its use, on account of
which end-use sectors of such nations are opting for commercial satellite imagery.
In the coming years, disaster management agencies will increase their reliance on
satellite imagery, due to the surging use of this technology in various Earth observation
programs in the Asian and European regions, to assess damages caused by natural
disasters. Additionally, the defense sector will also observe a notable use of satellite
imagery, owing to the soaring terrorism threats and mounting focus of governments on
improving defense capabilities. Moreover, the mounting investments being made in the
defense sector will also augment the use of this technology in military organizations.
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At present, Airbus Defence and Space, DigitalGlobe Inc., Environmental Systems
Research Institute, Galileo Group Inc., and Spaceknow Inc. provide optical and radar
technology-based imaging solutions for commercial satellite manufacturers. In recent
years, these companies have engaged in service launches, partnerships, and mergers
and acquisitions to offer their imaging technologies. For instance, in April 2018,
Environmental Systems Research Institute partnered with Alibaba Cloud to help both
organizations address the needs of customers regarding location intelligence in cloud
infrastructure.
According to P&S Intelligence, the North American region led the commercial satellite
imaging market in the preceding years, wherein the U.S. emerged as the dominant user
of commercial satellite imaging technologies. The dominance of the U.S. can be
primarily attributed to the increasing requirement for terror tracking activities in the
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defense sector of the country. Additionally, the surging expenditure on the natural
resources sector and the rising geospatial research activities will propel the use of
commercial satellite imaging in the region.
This study covers
1. Historical and the present size of the Commercial Satellite Imaging Market
2. Historical and the present size of the market segments and understand their
comparative future potential
3. Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
4. Competitive scenario of various market segments across key countries in
several regions for uncovering market opportunities for the stakeholders
5. Major players operating in the market and their service offerings
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