Published On: Dec 09, 2015
The global satellite imaging market is expected to be worth approximately US$5 bn by the end of 2019, according to a research report published by Transparency Market Research. The market was recorded at more than US$2 bn in 2012 and is exhibiting a CAGR of 13.90% from 2013 to 2019. The report, titled “Commercial Satellite Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, can be purchased on the company website.
Browse the full Commercial Satellite Imaging (By Application: Energy, Geospatial Technology, Natural Resource Management, Construction and Development, Disaster Management, defense and Intelligence, Conservation and Research, Media and Entertainment; By End-use Industry: Government Commercial, Civil Engineering Industry, Military Commercial, Forestry and Agriculture, Energy Sector, Insurance) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at https://www.transparencymarketresearch.com/commercial-satellite-imaging-market.html
41.8% of the global satellite imaging market in 2012 was held collectively by the application segments of geospatial technology, natural resource management, and energy. The strategic advantage of satellite imaging in terms of investment and exploration is very high for these fields, contributing to their larger market shares. This, the report explains, is the way the global satellite imaging market is currently shifting from its prior dominant application segment of defense and military. The global satellite imaging market is now used in multiple fields, due to advancements in technology and the adoption of high-resolution satellite imaging.
Other application segments include construction and development, disaster response management, conservation and research, and media and entertainment.In terms of end use, the global satellite imaging market was dominated by the military sector in 2012, when it held 29.2% of the market. The global satellite imaging market, however, is finding increasing use and preference in the fields of oil and gas as well as natural energy resource management. The end-use industries of insurance, city planning, fleet management, agriculture and forests, and real estate have a lot to benefit from the growing global satellite imaging market.
The report’s geographical analysis reveals North America to have been the largest regional segment of the global satellite imaging market in 2012, followed by Europe. The report also states that North America is expected to continue leading the global satellite imaging market for the given forecast period. The region is, however, expected to face issues such as its current budgetary constraints. Other problems that could hinder the satellite imaging market in North America and other developed regions are the high capital investments required and the increasingly stringent government regulations pertaining to the networking and sharing of satellite images for the sake of privacy.
The key players in the global satellite imaging market, as explained in the report, include SkyBox Imaging, Inc., BlackBridge Communications Pvt. Ltd., ImageSat International N.V., Astrium Geo, GeoEye, Inc., and Digital Globe, Inc.
Key segments of the Global Satellite Imaging Market
Commercial Satellite Imaging Market, by Applications
- Energy commercial
- Geospatial technology
- Natural resources management
- Construction & development
- Disaster response management
- Defense & intelligence
- Conservation & research
- Media & entertainment
Commercial Satellite Imaging Market, by End-use Industry
- Government commercial
- Commercial enterprises
- Civil engineering industry
- Forestry & agriculture
- Energy sector
Commercial Satellite Market, by Geography
- North America
- Rest of the World
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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