Commercial Satellite Imaging Global Market Report 2023

“Commercial Satellite Imaging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on commercial satellite imaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
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Where is the largest and fastest growing market for commercial satellite imaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The commercial satellite imaging market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Technology: Optical; Radar

• 2) By Application: Geospatial Data Acquisition And Mapping; Natural Resource Management; Surveillance And Security; Conservation And Research; Disaster Management; Defence And Intelligence

• 3) By End User: Government; Military And Defense; Forestry And Agriculture; Energy; Civil Engineering And Archaeology; Transportation And Logistics; Other End Users

• Companies Mentioned: Blacksky Global LLC; European Space Imaging (EUSI) GmbH; ImageSat International N.V. (iSi); Galileo Group Inc.; L3Harris Technologies

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the commercial satellite imaging market are Blacksky Global LLC, European Space Imaging (EUSI) GmbH, ImageSat International N.V. (iSi), Galileo Group Inc., L3Harris Technologies, Harris Corporation, Maxar Technologies Inc., Planet Labs PBC, SpaceKnow Inc., Telespazio France, DigitalGlobe, Inc., Airbus S.A.S, Urthecast Corp, Skylab Analytics, Environmental Systems Research Institute Inc. (Esri), MDA Ltd and Trimble Navigation Limited.

The global commercial satellite imaging market is expected to grow from $3.88 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity pricesand supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial satellite imaging market is expected to reach $6.36 billion in 2027 at a CAGR of 10.2%.

The commercial satellite imaging market includes revenues earned by entities by providing visible, infrared, multispectral and hyperspectral commercial satellite imaging. The market value includes the value of related goods sold by the service provider or included within the service offering. The commercial satellite imaging market also includes sales of online mapping tools including drawing tools, image layeringand bulk data mapping. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Commercial satellite imaging refers to the use of satellites to capture high-resolution imagery and data for various purposes such as mapping, land use analysis, disaster responseand environmental monitoring.

North America was the largest region in the commercial satellite imaging market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main technologies involved in commercial satellite imaging are optical and radar. Optical refers to the use of visible light and other forms of electromagnetic radiation to capture images of the Earth's surface. The various applications involved are geospatial data acquisition and mapping, natural resource management, surveillance and security, conservation and research, disaster management, defense and intelligence which are used by government, military and defense, forestry and agriculture, energy, civil engineering and archaeology, transportation and logistics and other end users.

Increasing concerns with respect to national security are expected to propel the commercial satellite imaging market going forward. National security threats are any actions or events that pose a risk to the safety, stabilityand security of a nation or its citizens. These threats can originate from a variety of sources, including foreign governments, terrorist organizations, or cyber-attacks on government agencies. Satellite imaging data plays a complementary role in preventing cyber-attacks on government agencies by providing valuable information for network monitoring, geolocation, early warning, responseand mitigation efforts. For instance, in 2022, according to the Cyber Threat Report published by SonicWall, a US-based cyber security company, there was a significant increase in global ransomware incidents, with a rise of 105% in 2021 compared to the previous year. The number of ransomware attacks on government agencies saw a dramatic increase of 1,885%, which was more than twice the increase seen in healthcare (755%), education (152%)and retail (21%), combined, as well as a substantial increase in crypto-jacking attempts on government customers, with a rise of 709% in 2021. Therefore, the increasing concerns with respect to national security are driving the commercial satellite imaging market.

Technological advancements have emerged as the major trend gaining popularity in the commercial satellite imaging market. Major companies operating in the commercial satellite imaging market are introducing technologically advanced satellite imaging products and offerings to strengthen their position in the market. For instance, in 2020, Maxar Technologies Inc., a US-based space technology company specializing in geospatial intelligence space solutions launched 15 cm HD, a high-definition (HD) imagery offering. The HD technology enhances the pixel count using a mathematical model that is optimized for our imagery, leading to a superior visual output. This breakthrough is expected to result in clearer features and improve the ability of both people and algorithms to extract useful information. 15 cm HD greatly enhances the level of detail, allowing for the observation of finer features that are not visible in lower-resolution satellite imagery.

In December 2021, Planet Labs PBC, a US-based satellite imagery data company acquired VanderSat for an approximate amount of $28 million. With this acquisition, Planet Labs PBC will strengthen its position in the agriculture market. VanderSat is a Netherlands-based provider of global satellite data specializing in agriculture productsand services.

The countries covered in the commercial satellite imaging market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The commercial satellite imaging market research report is one of a series of new reports from The Business Research Company that provides commercial satellite imaging market statistics, including commercial satellite imaging industry global market size, regional shares, competitors with commercial satellite imaging market share, detailed commercial satellite imaging market segments, market trendsand opportunitiesand any further data you may need to thrive in the commercial satellite imaging industry. This commercial satellite imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.