Ever since man started exploring the space, satellites have been providing a wealth of information that has aided in the development of industries all around the world. The global Satellite Imagery market size is projected to reach US$ 8047.19 million by 2028, from US$ 2573.81 million in 2021, at a CAGR of 17.93% during 2022-2028. This is largely due to the increasing demand from both governments and commercial organizations for spatial data and analytics.
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Satellite imagery can be a valuable tool for businesses and governments. Here are some of the benefits of satellite imagery:
Fully considering the economic change by this health crisis, 0.5m Resolution accounting for 62.78% of the Satellite Imagery global market in 2021, is projected to value US$ 4965.24 million by 2028, growing at a revised 17.44% CAGR in the post-COVID-19 period. While Transportation segment is altered to an 20.61% CAGR throughout this forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Satellite Imagery market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Satellite Imagery market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Satellite Imagery market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Satellite Imagery market.
Status and Future of the Satellite Imagery Market
The satellite imagery market is booming, and it looks like it will continue to do so in the near future. Here are some reasons why:
Scope and Market Size:
Satellite Imagery market is segmented by players, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Satellite Imagery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2017-2028.
By Company
- Maxar Technologies
- Airbus
- L3Harris
- Telespazio
- Satellogic
- ImageSat International
- Capella Space
- ICEYE
- European Space Imaging
- BlackSky
- EarthDaily Analytics
- Planet Labs
- Earth-i
- PlanetObserver
The information for each competitor/Company Profile includes:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Satellite Imagery revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Satellite Imagery revenues share in global market, 2021 (%)
- Key companies Satellite Imagery sales in global market, 2017-2022 (Estimated), (K MT)
- Key companies Satellite Imagery sales share in global market, 2021 (%)
Segment by Type
- 0.3m Resolution
- 0.5m Resolution
- 1 m Resolution
- Others
Segment by Application
- Transportation
- Agriculture
- Surveying and Exploration
- Military and Defense
- Others
By Region
Geographically, the market is dominated by North America, Europe, Asia Pacific (APAC), and Latin America. However, the APAC region isexpected to witness the highest growth rate during the forecast period.
- North America
- USA
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- Southeast Asia
- Korea
- Others
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- GCC Countries
- South Africa
- Turkey
- Rest of MEA
Factors Influencing the Growth of the Satellite Imagery Market
The satellite imagery market is growing rapidly due to the increasing demand for accurate mapping and land management. The increasing popularity of drones has also contributed to the growth of the satellite imagery market.
Some of the factors that are influencing the growth of the satellite imagery market are rising demand for precision mapping and expansion of infrastructure. These factors are driving growth in applications such as land management, surveying, and resource exploration.
Another factor that is contributing to the growth of the satellite imagery market is increasing adoption of advanced imaging technology by businesses. This is resulting in a shift from traditional aerial photography to high-resolution satellite imagery.
This is attributed to rising demand from various industries, such as construction, mining, transportation, and defense.
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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