Global Commercial Satellite Imaging Market (2021-2026) by Technology, Application, End-Use & Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Commercial Satellite Imaging Market is estimated to be USD 3.14 Bn in 2021 and is expected to reach USD 5.42 Bn by 2026, growing at a CAGR of 11. 55%.

Market Dynamics

Commercial satellite imaging mainly involves capturing earth images through satellites and utilizing these images for various commercial purposes. Some of the foremost applications of commercial satellites include acquisition & mapping, disaster management, energy & natural resource management, urban planning & development, etc. A rapid increase in the use of satellite data in the development of smart cities and connected vehicles, growing applications in military and defense sectors, and rise in demand for high resolution and advanced satellite imagery in various fields such as national defense organizations, homeland security agencies, etc. driving the growth of the market.

However, strict government regulations for the implementation and use of satellites and availability of low-cost alternatives such as aerial imaging services may create hindrances in the market's growth.

Market Segmentation

The Global Commercial Satellite Imaging Market is segmented further by Technology, Application, End-Use & Geography.

By Technology, the Global Commercial Satellite Imaging Market is classified into Optical and Radar.

By Application, the Global Commercial Satellite Imaging Market is classified into Natural Resources Management, Defense & Intelligence, Construction & Development, Media & Entertainment, Surveillance and Security, Conservation and Research, and Disaster Management.

By End Use, the Global Commercial Satellite Imaging Market is classified into Agriculture, Civil Engineering, Energy Sector, Government, Military and Defense, and Transportation & Logistics.

By Geography, North America is expected to lead the market.

Recent Developments

1. NRO’s strategy to buy satellite imagery is shaped by a thriving commercial market.. - 5th October 2021

2. Rocket Lab, a leading launch provider and space systems company, announced a rideshare agreement with Scottish / American PocketQube satellite manufacturer, Alba Orbital, to launch a cluster of small satellites designed to demonstrate innovative radio and night-time Earth observation technologies.. - 18th August 2021

3. BlackSky Announces Next Generation Dual Payload Satellite Architecture to Deliver High Resolution and Nighttime Imaging Capabilities.. - 24th September 2020

Company Profiles

Some of the companies covered in this report are Galileo Group Inc., Blacksky Global LLC, Telespazio France UrtheCast Corporation, Planet Labs Inc., DigitalGlobe Inc., Exelis Inc., Trimble Navigation Ltd., SkyLab Analytics, Spaceknow Inc., Alba Orbital Ltd., Deimos Imaging, Harris Corporation, ImageSat International N.V, Fraym, Inc., DZYNE Technologies, Inc., European Space Imaging GmbH, Kayrros SAS, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of M.E.A.)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Commercial Satellite Imaging Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market