According to the report, global demand for commercial satellite imaging Market was valued at USD 2.6 Billion in 2014 and is expected to generate revenue of USD 5.3 billion by end of 2020, growing at a CAGR of 12.00% between 2015 and 2020. Zion Market Research has published a new report titled “Commercial Satellite Imaging Market For Geospatial Technology, Disaster Response Management, Defense & Intelligence, Construction & Development, Energy, Natural Resources Management, Conservation & Research Application And By End-Users Military, Forest, Government, Commercial Enterprises, Civil Engineering Industry, Agriculture, Energy, And Insurance: Global Industry Perspective, Comprehensive Analysis And Forecast, 2014 – 2020.”
The report covers forecast and analysis for the commercial satellite imaging market on a global and regional level. The study provides historic data of 2014 along with a forecast for 2015 to 2020 based revenue (USD Million). The study includes drivers and restraints for the commercial satellite imaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the commercial satellite imaging market on a global level.
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Global satellite imaging market is mainly driven by increasing commercial space economy. Rising demand for high-resolution satellite imagery by the national development organization, services, environmental protection and emergency services is expected to be another key driving factor for commercial satellite imaging market. Stringent government regulations imposed on satellite imaging are expected to hinder market growth in the near future.
Commercial satellite imaging market can be segmented based on application into defense and intelligence, geospatial technology, construction and development, energy, natural resources management and other. Commercial satellite imaging is dominated by defense and intelligence segment in terms of revenue. It accounted for over 30.0% share of the total market in 2014.
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Military, forest, government, commercial enterprises, agriculture, energy, and other are a key application of commercial satellite imaging market. In 2014, the government segment dominated the global commercial satellite imaging market and accounted for more than 32% share of the total market. Increasing number of commercial satellites launched by different agencies such as NASA is expected to drive the government application segment.
Based on regional segmentation, North America dominated the global commercial satellite imaging market and accounted for over 42% share of the total market in 2014. North America is expected to grow at a rapid pace due to increasing government financial support in the region. Europe is also expected to experience significant growth of commercial satellite imaging market in the years to come.
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Some of the key players of global commercial satellite imaging market include GeoEye Inc., BlackBridge (RapidEye), Planet Labs, Inc., Space know, Inc., Skybox Imaging, Inc., Trimble Navigation Limited, Digital Globe, Inc., Image Sat International N.V., Astrium Geo, SkyLab Analytics, Telespazio, Google Inc., and Galileo Group.