Sarasota, FL -- (SBWIRE) -- 12/03/2018 -- Global Commercial Satellite Imaging Market: Overview

Satellite imagery is termed as the earth pictures or pictures of other planets taken by imaging satellites carrying their operations under the regulation and auspices of various governments and private businesses across the globe. Satellite imaging firms are selling pictures of the different parts of the earth and the planets by licensing them through government authorities and businesses such as Google maps and Apple maps. The application of satellite imaging for its commercial use in farming, insurance, power, and defense sectors is referred to as the commercial satellite imaging market.

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Global Commercial Satellite Imaging Market: Growth Factors

Massive use of advanced technologies in commercial satellite imaging has prompted myriad sectors to install this technology for enhancing their global reach. Furthermore, the escalating need of high resolution and modern satellite imagery in national development administration, defense units, emergency services, environmental protection activities, and homeland security agencies is likely to propel the growth of commercial satellite imaging market in the ensuing years. Furthermore, escalating use of commercial satellite imaging in media & entertainment, research & development, disaster response management, intelligence, construction, geospatial technology, natural resources, and energy sectors are predicted to boost the revenue of commercial satellite imaging market in the coming years. In addition, escalating use of satellite imaging for security and in broadband services is anticipated to further drive the scope of commercial satellite imaging market in the years to come.

Furthermore, the decline in the satellite imaging solutions costs and technological innovations such as the launching of GPS satellites, remote sensing, cloud solutions, and the introduction of high-resolution cameras will further spur commercial satellite imaging market earnings over the coming decade.

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Global Commercial Satellite Imaging Market: Segmentation

The global commercial satellite imaging market can be divided based on end-user and application. On the basis of the end-user, the market space is further sub-segmented into defense, government, forestry & agriculture, energy, civil engineering & archaeology, media & entertainment, and insurance. Based on the application, the market is further sectored into geospatial data acquisition & mapping, urban planning & development, disaster management, energy & natural resource management, and surveillance & security

Global Commercial Satellite Imaging Market: Regional Analysis

Based on regions, the global commercial satellite imaging market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the global market over the past few years, owing to massive state funding of space research activities. It has been speculated that the region is likely to witness a tremendous growth over the forecast timeframe, subject to breakthroughs witnessed in research & development ventures. Furthermore, usage of high-resolution satellite imaging is anticipated to contribute lucratively towards non-defense applications of commercial satellite imaging in the region. Latin America commercial satellite imaging market is predicted to experience a substantial expansion in the years ahead.

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Global Commercial Satellite Imaging Market: Competitive Players

The key participants across commercial satellite imaging market are DigitalGlobe, Inc., Galileo Group, Inc., SpaceKnow, Inc., Trimble Navigation Ltd., SkyLab Analytics, Harris Corporation, BlackSky Global LLC, Telespazio, ImageSat International N.V, European Space Imaging (EUSI) GmbH, Planet Labs, Inc., and Urthe Cast Corp.