Description:
Commercial satellite imaging refers to obtaining images of Earth with the help of satellites. Many private companies offer satellite images of Earth along with processing, and analysis for various purposes, including monitoring & detection of vegetation, habitat, oil pipelines infrastructure construction, generation of digital elevation model( DEM), and exploration of natural resources & archaeological sites. The commercial satellite imaging market is significantly growing worldwide, owing to the increase in trend of location-based service( LBS), and rise in application of satellite imagery in sectors such as government, retail, manufacturing, transportation, construction, defense, and healthcare. However, aerial imaging services, which provide cost-effective & higher resolution images and videos as compared to satellite imaging, limits the growth of commercial satellite imaging market. In addition, various limitations of satellite imaging include time-consuming image processing, dependence on weather conditions, image sensing incapability in dense forests, and others. Moreover, decrease in the prices of satellite imaging solutions along with technological advancements such as next-generation GPS satellites, advanced remote sensing technology, high-resolution cameras, light detection and ranging( LIDAR) technology, electric propulsion technology, and others are expected to create numerous opportunities for the market.
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The world commercial satellite imaging market is segmented on the basis of end user, application, and geography. Commercial satellite imaging has gained increased adoption across various industries encompassing government, defense, forestry & agriculture, energy, civil engineering & archaeology, and others( media & entertainment, and insurance). The various applications of commercial satellite imaging include geospatial data acquisition & mapping, urban planning & development, disaster management, energy & natural resource management, and surveillance & security. Geographically, the market is classified into North America( U. S., Mexico, and Canada), Europe( UK, Germany, France, Russia, Rest of Europe), Asia-Pacific( China, India, and Japan, Rest of Asia-Pacific), and LAMEA( Latin America, Middle East, and Africa).
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Leading players, such as DigitalGlobe, Inc., Galileo Group, Inc., Planet Labs, Inc., Spaceknow, Inc., SkyLab Analytics, Harris Corporation, BlackSky Global LLC, ImageSat Inernational N. V, European Space Imaging( EUSI) GmbH, and UrtheCast Corp., and their key business strategies have been analyzed in the report to gain competitive insight into the market. In July 2016, DigitalGlobe, Inc. announced to launch WorldView-4 imaging satellite, which is expected to offer wide growth opportunities to the company by providing advanced and high resolution images to customers. In September 2016, Harris Corporation announced the launch of Advanced Baseline Imager( ABI). ABI is an advanced geostationary weather instrument used in satellites, that can capture images of Earth in five minutes.
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