DUBLIN, Jan. 15, 2019 /PRNewswire/ --
The "Commercial Satellite Imaging Market by Technology - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
Global commercial satellite imaging market is expected to reach $5,266.5 million by 2023, commercial satellite imaging offers geospatial data and information in the form of real-time images.
These images, which are captured through satellite imagery systems, are utilized for various purposes such as natural resource management, geographical border surveillance, construction project mapping, and environmental monitoring. Besides, the increasing adoption of location-based services (LBS) by various end-users, including commercial enterprises, government, defense, civil engineering, forestry and agriculture, insurance and energy, is expected to support the growth of the market.
The commercial satellite imaging market is categorized into optical and radar technologies. Optical technology accounted for a major market share in terms of revenue in 2017. During the forecast period, radar technology is anticipated to be the faster-growing category in the market.
Defense has been the largest application area of commercial satellite imaging and contributed the highest revenue to the market in 2017. However, disaster management is anticipated to be the fastest-growing category during the forecast period, with a CAGR of about 17%.
Geographically, APAC has been the fastest-growing commercial satellite imaging market. The market in the region is also anticipated to register the highest CAGR, during the forecast period, on account of the rapid adoption of Earth imagery technologies, increasing digitalization, and advancements in satellite image analytics. In addition, the growing focus of the regional government on Earth imagery technologies is expected to bolster market growth.
North America was the largest market for commercial satellite imaging in 2017 and is expected to account for over 30% revenue in the global market in 2023. By country, the U.S. stands as the largest market globally, with India registering the fastest growth from 2013 to 2017.
With advancements in agriculture management technology and growing adoption of precision agriculture techniques, information concerning within-field crop yield variability has become crucial for effective and efficient crop management. In addition, high-resolution satellite imagery of crops can be used to generate yield maps for both within-season and after-season crop management. These factors are expected to further push the commercial satellite imaging market growth.
Technological developments such as electric propulsion and remote sensing are offering growth opportunities to the players operating in the commercial satellite imaging industry. Electric propulsion is gaining interest as a revolutionary technology for the development of commercial and scientific satellites. Hence, developments in electric propulsion technology are expected to generate lucrative opportunities for the companies offering commercial satellite imaging products and services.
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.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Technology
4.1.2 By Application
126.96.36.199 Natural resources
188.8.131.52 Location-based services (LBS)
184.108.40.206 Disaster management
4.2 Value Chain Analysis
4.3 Market Dynamics
220.127.116.11 Hyperspectral image processing for automatic target detection
18.104.22.168 High resolution satellite imagery for effective crop management
22.214.171.124 Growing demand for location-based service (LBS)
126.96.36.199 Surge in application of satellite imagery in various sectors
188.8.131.52 Technological advancements in satellite imaging
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 High resolution aerial services to hinder the growth of the market
18.104.22.168 Lack of clarity in transmitted images to hamper the growth of the market
22.214.171.124 Impact analysis of restraints on market forecast
126.96.36.199 Earth science analytics in energy and petroleum industry
188.8.131.52 Innovative developments in satellite imaging technology
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Technology
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Satellite Imagery Pricing Comparison
11.2 Global Strategic Developments of Key Players
11.2.1 Mergers & Acquisitions
11.2.3 Product Launches
11.2.4 Other Developments
Chapter 12. Company Profiles
- Environmental Systems Research Institute Inc. (Esri)
- MDA Corporation
- Airbus SE
- Blacksky Global LLC
- European Space Imaging (EUSI) GmbH
- ImageSat International N.V.
- Galileo Group Inc.
- Planet Labs Inc.
- Skylab Analytics
- SpaceKnow Inc.
For more information about this report visit https://www.researchandmarkets.com/research/wrsnk9/global_commercial?w=5
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