(MENAFN- GlobeNewsWire - Nasdaq) Brooklyn, New York, March 19, 2023 (GLOBE NEWSWIRE) -- According to a recently revamped/updated market research report published by Global Market Estimates, the global commercial satellite imaging market is projected to grow from USD 6.2 Billion in 2023 to USD 7.5 Billion in 2028 at a CAGR value of 12.3% from 2023 to 2028.
The market is projected to increase during the forecast period as more satellite imagery is used for commercial reasons, including those related to energy, agriculture, and the military. Additionally, the market has benefited from the increased demand for high-resolution and contemporary satellite images in the areas of national development administration, national military organization, emergency services, and environmental protection.
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on“ global commercial satellite imaging market - forecast to 202 8 ''
Key Market Insights
As per the end-user outlook, the government segment is expected to be the largest segment in the global market from 2023 to 2028 As per the application outlook, the geospatial data acquisition & mapping segment holds the largest share in the market The Asia Pacific region is analyzed to be the fastest-growing region in the market North America region will have the largest share in the market during the forecast period [2023-2028] BlackSky, European Space Imaging, Galileo Group, Inc., ImageSat, L3Harris Technologies, Inc., Maxar Technologies Inc., Planet Labs Inc., Airbus S.A.S., SpaceKnow Inc. and Telespazio France, among others, are some of the key players in the commercial satellite imaging market.
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Application Outlook (Revenue, USD Billion, 2023-2028 )
Geospatial Data Acquisition and Mapping Natural Resource Management Surveillance and Security Conservation and Research Disaster Management Defense and Intelligence
End-User Outlook (Revenue, USD Billion, 2023-2028 )
Government Construction Transportation, and Logistics Military and Defence Forestry and Agriculture
Regional Outlook (Revenue, USD Billion, 2023-2028 )
North America
Europe
Germany UK France Spain Italy Netherlands Rest of Europe
Asia Pacific
China India Japan South Korea Thailand Indonesia Malaysia Singapore Vietnam Rest of APAC
Central & South America
Brazil Argentina Chile Rest of CSA
Middle East & Africa
Saudi Arabia UAE Israel South Africa Rest of MEA
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