Commercial Satellite Imaging Market Projected Growth Rate Through 2023-2032

The Commercial Satellite Imaging Global Market Report 2023, provides comprehensive information on the commercial satellite imaging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global commercial satellite imaging market size is expected to grow from $3.88 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial satellite imaging market is expected to reach $6.36 billion in 2027 at a CAGR of 10.2%.

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echnological advancements have emerged as the major trend gaining popularity in the commercial satellite imaging market. Major companies operating in the commercial satellite imaging market are introducing technologically advanced satellite imaging products and offerings to strengthen their position in the market. For instance, in 2020, Maxar Technologies Inc., a US-based space technology company specializing in geospatial intelligence space solutions launched 15 cm HD, a high-definition (HD) imagery offering. The HD technology enhances the pixel count using a mathematical model that is optimized for our imagery, leading to a superior visual output. This breakthrough is expected to result in clearer features and improve the ability of both people and algorithms to extract useful information. 15 cm HD greatly enhances the level of detail, allowing for the observation of finer features that are not visible in lower-resolution satellite imagery.

The commercial satellite imaging market is segmented:

1) By Technology: Optical, Radar

2) By Application: Geospatial Data Acquisition And Mapping, Natural Resource Management, Surveillance And Security, Conservation And Research, Disaster Management, Defence And Intelligence

3) By End User: Government, Military And Defense, Forestry And Agriculture, Energy, Civil Engineering And Archaeology, Transportation And Logistics, Other End Users

Top Major Players:
Blacksky Global LLC
European Space Imaging (EUSI) GmbH
ImageSat International N.V. (iSi)
Galileo Group Inc.
L3Harris Technologies

North America was the largest region in the commercial satellite imaging market in 2022.

The table of contents in TBRC’s commercial satellite imaging market report includes:

1. Executive Summary
2. Commercial Satellite Imaging Market Characteristics
3. Commercial Satellite Imaging Market Trends And Strategies
4. Commercial Satellite Imaging Market – Macro Economic Scenario
5. Commercial Satellite Imaging Market Size And Growth
…………………………………………………………………….
26. Africa Commercial Satellite Imaging Market
27. Commercial Satellite Imaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Satellite Imaging Market
29. Commercial Satellite Imaging Market Future Outlook and Potential Analysis
30. Appendi

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