The “Commercial Satellite Imaging Market” report provides overview of competitive landscape analysis, major trends, and key regional development status. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Commercial Satellite Imaging market report highlights details on the leading players of the market, along with various liable aspects related and connected with the market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
Commercial satellite imaging refers to the scanning of the Earth using a satellite or high-flying aircraft to obtain georeferenced data. Satellite imaging is widely being used in various applications of defense, which has been the largest application area, globally.
- The government’s investments in satellite imaging are poised to ensure that a wide range of Australian industries has access to data, thereby helping it to mold its investments, create jobs in target regions, and increase competitiveness. The booming digital economy of Australia is expected to benefit the developed sectors, such as mining, transport, construction, aviation, and agriculture.
Major Key Players:
- UrtheCast Corp.
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Key Market Trends:
Military and Defense Applications Account for Significant Share
Military and defense applications are the largest end-user segments of commercial satellite imaging. The military and defense segment accounted for a share of over 40% of the market studied, as of 2017. The growth of the segment can be mainly attributed to security and surveillance applications, which are the core functionalities of any defense organization.A case in point is that of Afghanistan. After 9/11, the US government did not legislate the high-resolution Ikonos satellite out of taking or releasing images of Afghanistan. Instead, all the exclusive rights of Afghanistan’s spatial data were bought by the US government, making it impossible for other countries to use commercial US imagery to survey the area.As of 2017, only 16 satellite launches across the globe have been categorized for military operations, whereas, about 219 satellites were launched in the commercial domain. Out of all the satellites launched in the military domain, more than 43% were found to be earth/space observation satellites, whereas, more than 75% of the satellites in the commercial domain were identified as earth observation/space observation satellites (UCS Satellite Database).
Over the forecast period, increasing regulations and bills (like the American Space Commerce Free Enterprise Act of 2017, which is expected to be passed during the forecast period to provide faster licensing timeline to imaging companies) are likely to augment the quality of commercially available spatial data, thereby boosting the growth of the military and defense segment.
North America Region Account for the Largest Share
North America is expected to dominate the market studied during the forecast period, due to the highest number of researches and investments in the market, the presence of sophisticated infrastructure to undertake space programs, and earliest and highest adoption of commercial satellite imaging across various industries in the region.Due to strong support from the federal government regarding grants to academic institutions and companies to develop highly advanced satellite imaging devices, the market studied is estimated to expand further in the region.According to the Satellite Industry Association, the United States generated USD 110 billion in revenue from the satellite industry in 2016. This growth is estimated to continue, due to an increase in investments and applications of satellite industry services in other sectors.
The region is also actively innovating new applications for satellite imaging to solve real-life problems.
Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.
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Commercial Satellite Imaging Market Covers Following Points in TOC:
1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS4.1 Market Overview4.2 Introduction to Market Drivers and Restraints4.3 Market Drivers4.3.1 Increasing Use of Mobile Devices4.3.2 Increasing Use of Mobile Devices4.4 Market Restraints4.4.1 High-resolution Images Offered by Other Imaging Technologies4.5 Value Chain Analysis4.6 Industry Attractiveness Porter’s Five Forces Analysis4.6.1 Threat of New Entrants4.6.2 Bargaining Power of Buyers/Consumers4.6.3 Bargaining Power of Suppliers4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION5.1 By Application5.1.1 Geospatial Data Acquisition and Mapping5.1.2 Natural Resource Management5.1.3 Surveillance and Security5.1.4 Conservation and Research5.1.5 Construction and Development5.1.6 Disaster Management5.1.7 Defense and Intelligence5.1.8 Other Applications5.2 By End User Vertical5.2.1 Government5.2.2 Construction5.2.3 Transportation and Logistics5.2.4 Military and Defense5.2.5 Energy5.2.6 Forestry and Agriculture5.2.7 Other End-user Verticals5.3 Geography5.3.1 North America5.3.2 Europe5.3.3 Asia Pacific5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE6.1 Company Profiles6.1.1 DigitalGlobe Inc.6.1.2 Galileo Group Inc.6.1.3 Planet Labs Inc.6.1.4 SpaceKnow Inc.6.1.5 SkyLab Analytics6.1.6 Harris Corporation6.1.7 BlackSky Global LLC6.1.8 ImageSat International NV6.1.9 European Space Imaging (EUSI) GmbH
6.1.10 UrtheCast Corp.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
Email: [email protected]
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