According to a new report Global Commercial Satellite Imaging Market, published by KBV Research, The Global Commercial Satellite Imaging Market size is expected to reach $4.7 billion by 2025, rising at a market growth of 11.3% CAGR during the forecast period. Growing reliance on location-based services (LBS) is expected to push the growth of the global commercial satellite imaging market. This is because localized services play a key role in giving geographic data in real time through the use of smart devices. Commercial satellite imaging is also applicable across diverse sectors, including construction, defense, transportation and others as a key driver of the global commercial satellite imaging market.
The Government and Defense market dominated the Global Commercial Satellite Imaging Market by End User 2018, growing at a CAGR of 10.1 % during the forecast period. The Forestry & Agriculture market is expected to witness a CAGR of 10.1% during (2019 - 2025). Additionally, The Civil Engineering & Archaeology market is expected to witness highest CAGR of 12% during (2019 - 2025).
The Geospatial Data Acquisition & Mapping market dominated the Global Commercial Satellite Imaging Market by Application 2018, growing at a CAGR of 9.6 % during the forecast period. The Energy & Natural Resource Management market is expected to witness a CAGR of 10.4% during (2019 - 2025). The Defense & Intelligence market is expected to witness a CAGR of 12.8% during (2019 - 2025). Additionally, The Disaster Management market is expected to witness highest CAGR of 13.1% during (2019 - 2025).
The North America market dominated the Global Commercial Satellite Imaging Market by Region 2018, growing at a CAGR of 10 % during the forecast period. The Europe market is expected to witness a CAGR of 10.4% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 13.3% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Spaceflight Industries, Inc., Galileo Group, Inc., ImageSat International N.V., Maxar Technologies, Inc., Planet Labs, Inc., UrtheCast Corporation, Airbus SE, Saab Group (Vricon, Inc.), Trimble, Inc., Leonardo SpA, Thales Group S.A. and L3Harris Technologies, Inc.
Recent Strategies Deployed in Commercial Satellite Imaging Market
» Product Launches:
Sep-2019: Thales Alenia Space has launched new Space Inspire satellite product line (INstant SPace In-orbit REconfiguration) for allowing transition from video broadcasting to broadband connectivity services while maximizing the effectiveness & efficient use of the satellite resources.
Aug-2019: Trimble has launched the Trimble® T7 tablet for GIS data collection applications.
Jul-2019: Vricon, a subsidiary of Saab launched CitySuite, its newest 3D data product in order to fulfill the demand of geospatial market.
Jul-2019: Thales Alenia Space introduced Euclid satellite which can generate hundreds of thousands of images and several tens of petabytes of data.
Jun-2019: Trimble introduced V10 Imaging Rover for capturing 360-degree digital panoramic images for efficient visual documentation and measurement of the surrounding environment.
Nov-2018: Spaceflight launched 12 spacecraft from India’s Polar Satellite Launch Vehicle (PSLV) for meeting the growing demand of smallsat industry.
May-2018: Leonardo introduced first satellite-controlled European MALE-class drone flight which helps in controlling unmanned platforms.
Mar-2018: BlackSky, a subsidiary of Spaceflight launched next generation of small Earth observation satellite, Global-1, which has the features of geolocation accuracy, image quality and on-orbit lifetime.
Feb-2018: Trimble released MX9 Mobile Mapping Solution integrated with vehicle-mounted mobile LIDAR system, multi-camera imaging and field software for data collection.
Dec-2016: Spaceflight introduced BlackSky global intelligence platform, as well as its Early Adopter Program (EAP) participants, and the diverse partner ecosystem fueling the platform which has the embedded features of satellite imagery, social media and other data feeds for revealing the relevant insights around specific locations and topics.
Jun-2016: Vricon, a subsidiary of Saab introduced Vricon Data Suite, the 0.5m resolution Digital Terrain Model (DTM), a high-resolution bare earth elevation data layer for automated processing.
» Acquisition and Mergers:
Jan-2019: UrtheCast acquired Geosys from Land O' Lakes, Inc. in order to enhance its business capabilities in space operations.
Oct-2017: MDA, a Maxar acquired DigitalGlobe in order to strengthen its space technology solutions.
Feb-2017: Planet Labs acquired Terra Bella, Google's Earth business for taking over the Earth imaging data from Planet.
Jul-2015: Planet Labs took over BlackBridge and its RapidEye constellation of satellites in order to strengthen its satellite imaging business.
» Partnerships, Collaborations and Agreements:
Jul-2019: Maxar signed an agreement with Esri in order to deliver its Vivid and Metro satellite imagery mosaics to Esri for use in geospatial applications.
Jul-2019: Airbus signed a contract with French Agency for delivering four Earth Observation sats in order to achieve the resolutions.
Jul-2019: Vricon, a subsidiary of Saab collaborated with Spatial Networks and Cesium for helping the governments and industry clients in getting complete information of remote environments.
Jul-2019: Thales signed an agreement with Indonesia’s Ministry of Communication and Information Technology in which Thales will design and manufacture the satellite named SATRIA for Indonesia.
Jun-2019: BlackSky, a subsidiary of Spaceflight collaborated with HawkEye 360 which helps the BlackSky to make the use of signal-detection data offered by HawkEye 360’s formation-flying satellite constellation in its own web-based analytical services.
Jun-2019: Maxar signed a contract with U.S. Government in order to help the government in fulfilling their mission requirements.
Jun-2019: Airbus collaborated with Surrey Satellite Technology Limited for using end-to-end imaging operations and for enhancement of Vision-1, SSTL S1-4 Satellites.
Apr-2019: ImageSat teamed up with Kleos Space in order to explore the opportunities for using the Kleos’ maritime Radio Frequency (RF) activity-based satellite data which helps in increasing geospatial intelligence analytics.
Apr-2019: Leonardo signed an agreement with Petrobras for satellite monitoring which delivers 150 images per month from COSMO-SkyMed satellites constellation in order to detect the oil spills from production and exploration operations.
Feb-2019: Spaceflight signed Launch Services Agreement with Vector in order to launch the multiple satellites in space.
Dec-2018: MDA, a subsidiary of Maxar collaborated with Orbital Insight for delivering high-resolution imagery from its RADARSAT-2 synthetic aperture radar (SAR) satellite to Orbital Insight in order to help them in processing and transforming the data into actionable intelligence for the energy industry.
Dec-2018: Planet Labs teamed up with BASF in order to deliver timely satellite imagery and data to European farmers for helping them in making agronomics decision accordingly.
Sep-2018: Planet Labs signed partnership agreement with Orbital Insights for providing global imagery and advanced analytics to Orbital.
Sep-2018: Airbus came into partnership with Orbital Insight in order to build a comprehensive suite of geospatial analytics services and tools.
Sep-2018: Leonardo signed a MoU with Aireon LLC in order to combine the data from AireonSM into its ‘LeadInSky’ Air Traffic Management (ATM) solution for facilitating the deployment of space-based ADS–B data.
Jul-2018: UrtheCast signed a contract with European Commission for providing a large set of observation products and services to European Space Agency and European Commission; this contract has been led by the consortium of Airbus Defence and Space, Planet, IGN-France and space4environment.
Jun-2018: ImageSat integrated with Magnus for the launch of Disaster Management services which utilizes the ImageSat International’s ISI satellite intelligence services in order to control and mitigate the natural disasters and crisis situations; also, obtain satellite imagery and analytics on demand for maintaining the updated situational awareness on large scale.
Jun-2018: Planet Labs came into partnership with Airbus in order to enable access to each other's data and joint cooperation on new geospatial solutions development.
Mar-2018: Spaceflight came into partnership with Thales Alenia Space and Telespazio in order to develop smallsats and offer geospatial services.
Dec-2017: UrtheCast signed an agreement with Space View Technology in order to distribute their respective space technology portfolio.
Oct-2017: UrtheCast collaborated with e-GEOS in order to integrate high-resolution radar data with medium and very-high resolution optical imagery for providing exceptional decision making insights to the customers..
Jul-2017: UrtheCast came into partnership with Esri in order to enable the users of Esri to access reliable and quality assured imagery directly into their laptops and apps.
Mar-2017: Airbus teamed up with FD for developing the innovative approach for large scale processing of geospatial data with the use of its Kx analytics platform.
Mar-2017: Vricon, a subsidiary of Saab signed an agreement with Esri in which the products of the company will be sold by Esri for streamlining the acquisition process.
Nov-2016: Vricon, a subsidiary of Saab came into partnership with European Space for providing the high resolution 3D geodata products to the European government.
Jul-2016: UrtheCast partnered with OmniEarth in support of UrtheCast's planned UrtheDaily Constellation which is capable of imaging 140 million square kilometers of the global landmass every day at 5 meters GSD.
Jan-2016: Airbus partnered with HIS for delivering satellite imagery analytics.
Global Commercial Satellite Imaging Market Segmentation
Geospatial Data Acquisition & Mapping
Energy & Natural Resource Management
Defense & Intelligence
Surveillance & Security
Urban Planning & Development
By End User
Government and Defense
Forestry & Agriculture
Civil Engineering & Archaeology
Transportation & Logistics
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Spaceflight Industries, Inc.
Galileo Group, Inc.
ImageSat International N.V.
Maxar Technologies, Inc.
Planet Labs, Inc.
Saab Group (Vricon, Inc.)
Thales Group S.A.
L3Harris Technologies, Inc.
Commercial Satellite Imaging Market Related Reports:
North America Market
Asia Pacific Market