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Report Ocean has released a research study titled “Commercial Satellite Imaging Market 2023 Forecast to 2032 Analysis by Market Trends.” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.
The Commercial Satellite Imaging refers to capturing the images of earth through satellites and these images are further utilized for various commercial purposes such as location-based services, weather forecasting, acquisition & mapping, disaster management, energy & natural resource management, urban planning & development, and security & surveillance applications. The rising expansion of global space ecosystem and increasing penetration of location-based services as well as Strategic initiatives from leading market players are factors that are accelerating the global market demand.
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For instance, according to The Space Foundation estimates – in 2019, the global space economy estimated at USD 428 billion, and it further increased to USD 447 billion in 2020, witnessing an increase of around 4.4%. Moreover, Commercial space activity raised 6.6% (from around USD 336.89 billion in 2019) to around USD 357 billion in 2020. Furthermore, strategic initiatives from leading market players including public private partnerships would influence the growth of Commercial Satellite Imaging Market. For instance, in September 2020, Norway’s Ministry of Climate and Environment entered in a new contract with three satellite monitoring companies named Kongsberg Satellite Services (KSAT), Planet and Airbus. The USD 43.5 million contract awarded under Norway’s International Climate and Forests Initiative (NICFI) to enable free access to high-resolution satellite imagery of the tropics. In addition, in May 2022, The National Reconnaissance Office (NRO), USA awarded an undisclosed billion-dollar contract to acquire commercial satellite imagery to three space technology companies named Colloredo, US based Maxar Technologies, California based Planet Labs and Virginia based BlackSky Technology.
Blacksky Global LLC
European Space Imaging
Galileo Group, Inc
Harris Corporation
Imagesat International N.V
Maxar Technologies Inc
Planet Labs Inc
Spaceknow
Telespazio France
Urthecast Corp
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MARKET OVERVIEW
The Commercial Satellite Imaging market involves the collection and sale of high-resolution satellite imagery for various applications. Here’s a deep analysis of this market in 10 key points:
By Application
Geospatial data acquisition and mapping
Urban planning and development
Disaster Management
Energy and natural resource management
Surveillance & Security
Defense & Intelligence
By End User
Government
Military & defense
Forestry & Agriculture
Energy
Civil Engineering and Archaeology
Transportation and Logistics
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market Research Objective:
To assess market size and growth potential:
To understand customer preferences and behavior:
To evaluate market competition:
To explore new market segments:
To assess brand perception and awareness:
To evaluate product or service satisfaction:
To analyze market trends and industry dynamics:
To explore market entry opportunities:
To conduct market segmentation and targeting:
To assess pricing strategies:
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Updated : 2023-11-14 06:08 GMT+08:00
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