Global Commercial Satellite Imaging Market is expected to foresee significant growth. APAC to lead the growth!

The global commercial satellite imaging market is expected to register a CAGR of around 11% over the period of 2022-2028. This is mainly due to the increasing usage of satellite imagery for commercial purposes like defense, agriculture, energy, and others and rising concerns about climatic changes, environmental degradation, and disaster monitoring. Moreover, deforestation monitoring followed by the growing security concerns and geopolitical tensions between countries will positively stimulate the industry landscape.

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Based on the application, the market is segmented into geospatial data acquisition, urban planning, disaster management, natural resource management, surveillance, defense & intelligence, and others. Among these, the defense & intelligence segment held a prominent share of the commercial satellite imaging market in 2020 and is expected to witness substantial growth during the forecast period. This is because satellite imagery provides geospatial data products and services to most government and defense agencies for a variety of applications where security concerns are paramount.

On the basis of end-user, the market is categorized into government, military & defense, forestry & agriculture, civil engineering, transportation, and others. The military & defense segment captured a noteworthy share of the global commercial satellite imaging market in 2020 and is anticipated to witness strong growth during the forecast period because the military & defense industry is a prominent buyer of geospatial intelligence and mapping services.

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For a better understanding of the market adoption of commercial satellite imaging, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America accounted for a prominent share of the global commercial satellite imaging and is expected to grow at a significant growth rate during the forecast period owing to the rapid adoption of commercial satellite imaging across several industries in the region. In addition, the rapidly growing military spending is further contributing to the growth of this market in the region.

Some of the major players operating in the commercial satellite imaging market are BlackSky Technology Inc., European Space Imaging GmbH, Galileo Inc., Harris Corporation, ImageSat International N.V., Maxar Technologies Inc., Planet Labs PBC, SpaceKnow, Inc., Telespazio Spa, and UrtheCast Corp.

Global Commercial Satellite Imaging Market Segmentation

Market Insight, by Application

• Geospatial Data Acquisition
• Urban Planning
• Disaster Management
• Natural Resource Management
• Surveillance
• Defense & Intelligence
• Others

Market Insight, by End-User

• Government
• Military & Defense
• Forestry & Agriculture
• Civil Engineering
• Transportation
• Others

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• BlackSky Technology Inc.
  • European Space Imaging GmbH
  • Galileo Inc.
  • Harris Corporation
  • ImageSat International N.V.
  • Maxar Technologies Inc.
  • Planet Labs PBC
  • SpaceKnow, Inc.
  • Telespazio Spa
  • UrtheCast Corp.