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Published Date: 2016-02-08Number of Pages: 91

Commercial Satellite Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Spending on Commercial Satellites is Forecast to be Strong Until 2023

The global market for commercial satellite imaging is undergoing a transitional phase. Currently, the market is witnessing moderate growth; however, analysts project it to register a significant rise in the long run. In 2014, the market’s opportunity stood at US$2.5 bn, which is likely to rise at a CAGR of 11.40% between 2015 and 2023 and to reach a value of US$6.5 bn by 2023.

The incorporation of advanced technology in commercial satellite imaging has encouraged a number of industries to adopt this technology in order to increase their business reach to the new world. Besides, the increased demand for high-resolution satellite imagery in environmental protection and national development authorities, homeland security agencies, national defense organizations, and emergency services across the world is likely to augment the demand for commercial satellite imaging in the near future. The widening application range of imaging satellites is also projected to drive their demand over the next few years.

Defense and Intelligence Sector to Remain Largest Application Area for Commercial Satellite Imaging Technology

The major application areas of commercial satellite imaging technology are energy, natural resources management, geospatial technology, construction and development, defense and intelligence, disaster response management, conservation and research, and media and entertainment.

The defense and intelligence sector has reported the highest demand for this technology over the last few years and is expected to remain its largest application area over the forecast period. The increasing adoption of this technology in the military, infrastructure, and various other applications has been identified as the key factor behind this demand.

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High Funding by Governments for Space Programs Propels North America Commercial Satellite Imaging Market

The worldwide commercial satellite imaging market spreads across Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. North America, among all, has emerged as the market leader. In 2014, it accounted for a share of around 45% of the overall revenue generated in this market. High funding by the governments in the region for space programs and a strong technological base are the key factors that have propelled the commercial satellite imaging market in North America over the last few years. Analysts expect it to retain its dominance during the forecast period.

Latin America is also projected to witness a significant growth in its commercial satellite imaging market in the coming years as the demand for commercial satellite imaging equipment is expected to increase in this region due to their widespread application in the agricultural and the industrial sectors. In Latin America, these sectors are likely to report a remarkable rise in the near future.

The global market for commercial satellite imaging is moderately fragmented as it consists of a limited number of participants providing commercial satellite imaging services across the world. Spaceknow Inc., SkyLab Analytics, Trimble Navigation Ltd., Exelis Inc., Telespazio, DigitalGlobe Inc., Planet Labs Inc., Blacksky Global, and Galileo Group Inc. are the leading players in this market.

Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Commercial Satellite Imaging Market, 2014 & 2023
2.2 Global Commercial Satellite Imaging Market Revenue, 2013 – 2023 (US$ Mn) and Y-o-Y Growth (%)

Chapter 3 Global Commercial Satellite Imaging Market Analysis
3.1 Key Trends Analysis
3.2 Market Dynamics
      3.2.1 Drivers
      3.2.2 Restraints
      3.2.3 Opportunities
3.3 Value Chain Analysis
3.4 Global Commercial Satellite Imaging Market Analysis, By End-use Industry
      3.4.1 Overview
      3.4.2 Government
      3.4.3 Commercial Enterprises
      3.4.4 Civil Engineering Industry
      3.4.5 Military
      3.4.6 Forest 
      3.4.7 Agriculture
      3.4.8 Energy Sector
      3.4.9 Insurance
3.5 Global Commercial Satellite Imaging Market Analysis, By Application
      3.5.1 Overview
      3.5.2 Energy
      3.5.3 Geospatial Technology
      3.5.4 Natural Resources Management
      3.5.5 Construction and Development
      3.5.6 Disaster Response Management
      3.5.7 Defense and Intelligence
      3.5.8 Conservation and Research
      3.5.9 Media and Entertainment
3.6 Competitive Landscape
      3.6.1 Market Positioning of Key Players in Commercial Satellite Imaging Market (2014)
      3.6.2 Competitive Strategies Adopted by Leading Players

Chapter 4 North America Commercial Satellite Imaging Market Analysis
4.1 Overview
4.2 Key Trends Analysis
4.3 North America Commercial Satellite Imaging Market Analysis, by End-use Industry
      4.3.1 North America Commercial Satellite Imaging Market Share Analysis, by End-use Industry, 2014 & 2023 (%)
4.4 North America Commercial Satellite Imaging Market Analysis, By Application
      4.4.1 North America Commercial Satellite Imaging Market Share Analysis, by Application, 2014 & 2023 (%)
4.5 North America Commercial Satellite Imaging Market Analysis, by Region
      4.5.1 North America Commercial Satellite Imaging Market Share Analysis, by Region, 2014 & 2023 (%)

Chapter 5 Europe Commercial Satellite Imaging Market Analysis
5.1 Overview
5.2 Key Trends Analysis
5.3 Europe Commercial Satellite Imaging Market Analysis, by End-use Industry
      5.3.1 Europe Commercial Satellite Imaging Market Share Analysis, by End-use Industry, 2014 & 2023 (%)
5.4 Europe Commercial Satellite Imaging Market Analysis, By Application
      5.4.1 Europe Commercial Satellite Imaging Market Share Analysis, by Application, 2014 & 2023 (%)
5.5 Europe Commercial Satellite Imaging Market Analysis, by Region
      5.5.1 Europe Commercial Satellite Imaging Market Share Analysis, by Region, 2014 & 2023 (%)

Chapter 6 Asia Pacific Commercial Satellite Imaging Market Analysis
6.1 Overview
6.2 Key Trends Analysis
6.3 Asia Pacific Commercial Satellite Imaging Market Analysis, by End-use Industry
      6.3.1 Asia Pacific Commercial Satellite Imaging Market Share Analysis, by End-use Industry, 2014 & 2023 (%)
6.4 Asia Pacific Commercial Satellite Imaging Market Analysis, By Application
      6.4.1 Asia Pacific Commercial Satellite Imaging Market Share Analysis, by Application, 2014 & 2023 (%)
6.5 Asia Pacific Commercial Satellite Imaging Market Analysis, by Region
      6.5.1 Asia Pacific Commercial Satellite Imaging Market Share Analysis, by Region, 2014 & 2023 (%)

Chapter 7 Middle East and Africa (MEA) Commercial Satellite Imaging Market Analysis
7.1 Overview
7.2 Key Trends Analysis
7.3 MEA Commercial Satellite Imaging Market Analysis, by End-use Industry
      7.3.1 MEA Commercial Satellite Imaging Market Share Analysis, by End-use Industry, 2014 & 2023 (%)
7.4 MEA Commercial Satellite Imaging Market Analysis, By Application
      7.4.1 MEA Commercial Satellite Imaging Market Share Analysis, by Application, 2014 & 2023 (%)
7.5 MEA Commercial Satellite Imaging Market Analysis, by Region
      7.5.1 MEA Commercial Satellite Imaging Market Share Analysis, by Region, 2014 & 2023 (%)

Chapter 8 Latin America Commercial Satellite Imaging Market Analysis
8.1 Overview
8.2 Key Trends Analysis
8.3 Latin America Commercial Satellite Imaging Market Analysis, by End-use Industry
      8.3.1 Latin America Commercial Satellite Imaging Market Share Analysis, by End-use Industry, 2014 & 2023 (%)
8.4 Latin America Commercial Satellite Imaging Market Analysis, By Application
      8.4.1 Latin America Commercial Satellite Imaging Market Share Analysis, by Application, 2014 & 2023 (%)
8.5 Latin America Commercial Satellite Imaging Market Analysis, by Region
      8.5.1 Latin America Commercial Satellite Imaging Market Share Analysis, by Region, 2014 & 2023 (%)

Chapter 9 Company Profiles
9.1 DigitalGlobe, Inc.
9.2 Galileo Group, Inc.
9.3 Planet Labs, Inc.
9.4 Spaceknow, Inc. 
9.5 Exelis, Inc.
9.6 SkyLab Analytics
9.7 Trimble Navigation Limited.
9.8 Telespazio
9.9 Blacksky Global 

Commercial Satellite Imaging Market: Overview 

Thanks to the technological advancements, the adoption of commercial satellite imaging continues to increase across the globe. Improvements in high-resolution imagery technology and reducing the size of commercial satellites have led to the growth of the level of competition in between leading companies operating in the global commercial satellite imaging market. Currently, this global market is observing the evolution of many new smaller satellites, CubeSats, operated by companies such as PlanetiQ and Skybox Imaging Inc. The introduction of CubeSats has been a key trend, offering high-resolution images, however at low costs of operations, production, and launching. 

Established companies are aiming to offer high-resolution images to maintain their dominance in the global market. The global commercial satellite imaging market is in its transitional phase. While the market is registering a moderate growth, it is expected to reach US$6.5 bn by 2023. 

The report highlights the key factors expected to drive and restrict the growth of the global commercial satellite imaging market. By using industry-standard tools such as Porter’s five force analysis and SWOT analysis, analysts have identified the key strengths, weaknesses, opportunities, and threats in the market. Key companies operating in the global market are listed in the report by highlighting their products, applications, and specifications. 

Commercial Satellite Imaging Market: Trends and Opportunities 

The application of advanced technology has motivated many industries to use commercial satellite imaging to broaden their business reach across the globe. The demand for high-resolution satellite imaging from national development authorities, national defense organizations, environmental protection organizations, and homeland security agencies is expected to increase. The application of commercial satellite imaging is predicted to increase. These trends are expected to propel the global market for commercial satellite imaging. 

Commercial satellite imaging finds application in energy, geospatial technology, defense and intelligence, conservation and research, disaster response management, construction and development, and media and entertainment. The demand for commercial satellite imaging is expected to be the highest from the defense and intelligence sector owing to the rising adoption in the military and infrastructure applications. 

The rising government funding is likely to support the growth of the global commercial satellite imaging market. Governments of many nations are assisting leading companies to focus on research and development activities to introduce new commercial satellite imaging techniques. The rising application of commercial satellite imaging in the industrial and agricultural sectors is also expected to benefit the market in the long run. 

Commercial Satellite Imaging: Region-wise Outlook 

By region, the global commercial satellite imaging market is divided into Latin America, Europe, North America, Asia Pacific, the Middle East and Africa. In 2014, North America led the global commercial satellite imaging market. Rising government funding is expected to help the North America commercial satellite imaging market to maintain its dominance. However, Latin America is expected to register a significant growth in the global market in the years to come. 

Key Players mentioned in the Report: 

The global commercial satellite imaging market is moderately fragmented in nature and is dominated by few leading companies. Some of the leading organizations operating in the global commercial satellite imaging market are Spaceknow Inc., Trimble Navigation Ltd., Telespazio, Planet Labs Inc., Galileo Group Inc., SkyLab Analytics, Exelis Inc., DigitalGlobe Inc., and Blacksky Global. 

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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