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Commercial Satellite Imaging Market by End User (Government, Defense, Forestry & agriculture, Energy, Civil engineering & archaeology, Media & entertainment, and insurance), Application (Geospatial data acquisition & mapping, Urban planning & development , Disaster management, Energy & natural resource management, Surveillance & security) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

AE 161751
Pages: 128
Oct 2016 | 3036 Views
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Author's : Puja Mourya
Tables: 29
Charts: 49
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Commercial Satellite Imaging Market

Commercial Satellite Imaging Market is expected to garner $5,275 million by 2022, registering a CAGR of 11.5% during the forecast period 2016 - 2022. The commercial satellite imaging market provides geospatial data and information in the form of real-time images, which are utilized across different commercial sectors for various purposes, including environment monitoring & management, security of energy resources, surveillance of border areas, and mapping of constructional projects. Increase in adoption of location-based services (LBS) in various sectors, including defense & intelligence, transportation, telecommunication, manufacturing, e-retailing, and energy supplements the market growth. However, aerial imaging services provide higher resolution images as compared to satellite imagery, which is expected to restrict the growth of the market. Moreover, decrease in price of satellite imaging solutions and technological advancements such as launch of GPS satellites, cloud service, remote sensing technology, and high-resolution cameras are expected to create numerous opportunities for the growth of the commercial satellite imaging market.

The commercial satellite imaging market offers geospatial data which is utilized among various sectors, including government, defense, agriculture, energy, civil engineering, archaeology, real estate, and insurance. Defense sector is one of the prominent end users of the commercial satellite imaging market industry, owing to its varied applications such as mapping of border areas, inspecting rescue operations, and monitoring illegal activities through border areas. Additionally, the government sector utilizes satellite imagery for various purposes such as land mapping, homeland security, environmental research, mapping transportation network, and others. In agriculture and forestry sector, images captured through satellites are used for crop assessment, change detection, irrigated landscape mapping, soils analysis, environmental analysis, and yield determination. Moreover, satellite imagery is also used for energy loss mapping, gas pipeline monitoring, exploration of energy sources, and inspection of power plants in the energy sector.

The prominent players of the commercial satellite imaging market across the globe include 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.

Segment Overview

The global commercial satellite imaging market is segmented based on end user, application, and geography. Based on the end user segment, the market is divided into government, defense, forestry & agriculture, energy, civil engineering & archaeology, and others (media & entertainment, insurance, and real estate). Various applications of the market include geospatial data acquisition & mapping, urban planning & development, disaster management, energy & natural resource management, and surveillance & security. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Commercial satellite imaging market segment overview

In the year 2015, geospatial data acquisition & mapping application dominated the global commercial satellite imaging market size due to the increase in demand of satellite imagery to collect real-time geographical information in various sectors, including defense & military, government, civil engineering, construction, and others. However, disaster management application segment is expected to grow at the fastest CAGR during the forecast period, owing to the increase in incidents of natural and man-made disasters such as flood, earthquakes, cyclones, fire, hurricanes, border disputes, terrorist attacks, and others.

Global Commercial Satellite Imaging Market: Top Impacting Factors

Commercial Satellite Imaging Market: Top Impacting Factors

Increase in trend of location-based service (LBS)

Real-time geographical data can be captured with the help of LBS through internet capable devices. Satellite imagery is used in LBS for various applications, including shopping services, navigation services, traffic information, and others. In addition, it is used in various equipment providing LBS, such as mobile phones, tracking devices, digital cameras, tablets, and fitness devices. Increase in adoption of mobile devices and LBS highly impacts the growth of commercial satellite imaging market.

Rise in application of satellite imagery in various sectors

The commercial satellite imaging services is adopted across various sectors, including civil engineering & construction, government, defense & intelligence, agriculture & forestry, transportation, real estate, and others. The earth imagery is utilized for varied applications such as topographic mapping, infrastructure planning & construction, exploitation of new energy sources, disaster management, monitoring oil & gas pipelines, green mapping, traffic management, tracking of fleet, and others. Thus, growth in utilization of commercial satellite imagery in various sectors positively impacts the growth of the market.

High-resolution aerial imaging services

Various advantages of aerial imaging over satellite imaging include frequent flying capacity, flexibility in harsh weather conditions, and better clarity & resolution of images. Satellites usually provide 50-cm resolution images, whereas digital aerial cameras can capture images with resolution up to 25mm (2.5cm).

Key Benefits of Commercial Satellite Imaging Market

  • The study provides an in-depth analysis of the global commercial satellite imaging market along with current trends and future estimations to elucidate the imminent investment pockets.
  • Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the commercial satellite imaging market.
  • The report provides information of key drivers, restraints, and opportunities along with their impact analysis of commercial satellite imaging market share across industries.
  • Quantitative analysis of the current market and forecast for the period of 2014-2022 is provided to highlight the financial appetency of the commercial satellite imaging industry.
  • Porters Five Forces analysis of the commercial satellite imaging industry illustrates the potency of buyers and suppliers that participate in the market.
  • Value chain analysis provides a clear understanding on the roles of stakeholders.

Commercial Satellite Imaging Market Key Segments

The commercial satellite imaging market is segmented based on end user, application, and geography.

By End User

  • Government
  • Defense
  • Forestry & agriculture
  • Energy
  • Civil engineering & archaeology
  • Others (media & entertainment, and insurance)

By Application

  • Geospatial data acquisition & mapping
  • Urban planning & development
  • Disaster management
  • Energy & natural resource management
  • Surveillance & security

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Russia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled in the Report

  • Digital Globe, 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
  • UrtheCast Corp.

Other Market Players Mentioned in The Report

Elecnor SA., Vricon, Inc, Rocket Lab, Surrey Satellite Technology Ltd., MacDonald, Dettwiler and Associates Ltd. (MDA), Airbus Defence and Space, Lockheed Martin Corporation, Space Systems/Loral, LLC, (SSL), SpaceView Inc, Korea Space-image Technology, Ltd., ADCC International East Africa Limited, Aeroquest Mapcon Inc., Antrix Corporation Limited, Beijing Gisuni Information Co. Ltd., Terraserver, Inc., GeoEye, Inc., RapidEye, Inc., Vexcel Corp., Satshot, Inc., PlanetiQ, Inc., NovaWurks, Inc., GlobeXplorer LLC, DMC International Imaging (DMCii), Mapbox, Inc., TSM Corporation, Environmental Systems Research Institute (Esri), Exelis Inc.

 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies

3.3 Value chain analysis
3.4 Porters five forces analysis

3.4.1 Moderate bargaining power of suppliers
3.4.2 Moderate intensity of competitive rivalry
3.4.3 Moderate threat of substitute
3.4.4 Moderate threat of new entrants
3.4.5 High bargaining power of buyers

3.5 Market share analysis, 2015
3.6 Market dynamics

3.6.1 Drivers

3.6.1.1 Increasing trend of location-based service (LBS)
3.6.1.2 Rising application of satellite imagery in various sectors

3.6.2 Restraints

3.6.2.1 High resolution offered by aerial imaging services
3.6.2.2 Various disadvantages of satellite imaging

3.6.3 Opportunities

3.6.3.1 Decreasing prices of satellite imaging solutions
3.6.3.2 Technological advancements

Chapter: 4 WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY END-USER

4.1 Government

4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Market size and forecast

4.2 Defense

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Forestry and agriculture

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

4.4 Energy

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast

4.5 Civil engineering and archaeology

4.5.1 Key market trends
4.5.2 Key growth factors and opportunities
4.5.3 Market size and forecast

4.6 Others (media & entertainment, and insurance)

4.6.1 Key market trends
4.6.2 Key growth factors and opportunities
4.6.3 Market size and forecast

Chapter: 5 WORLD COMMERCIAL SATELLITE IMAGING MARKET BY APPLICATION

5.1 Geospatial data acquisition and mapping

5.1.1 Key market trends
5.1.2 Key growth factors and opportunities
5.1.3 Market size and forecast

5.2 Urban planning & development

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

5.3 Disaster management

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast

5.4 Energy & natural resource management

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast

5.5 Surveillance & security

5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast

Chapter: 6 WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY GEOGRAPHY

6.1 North America

6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and forecast

6.1.3.1 U.S.
6.1.3.2 Canada
6.1.3.3 Mexico

6.2 Europe

6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast

6.2.3.1 UK
6.2.3.2 Germany
6.2.3.3 France
6.2.3.4 Russia
6.2.3.5 Rest of Europe

6.3 Asia-Pacific

6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast

6.3.3.1 India
6.3.3.2 China
6.3.3.3 Japan
6.3.3.4 Rest of Asia-Pacific

6.4 LAMEA

6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast

6.4.3.1 Latin America
6.4.3.2 Middle East
6.4.3.3 Africa

Chapter: 7 COMPANY PROFILES

7.1 Digital Globe, Inc.

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 Key strategic moves and developments

7.2 Galileo Group, Inc.

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Key strategic moves and developments

7.3 Planet Labs, Inc.

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Key strategic moves and developments

7.4 Spaceknow, Inc.

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Key strategic moves and developments

7.5 Harris Corporation

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Business performance
7.5.4 Key strategic moves and developments

7.6 SkyLab Analytics

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Key strategic moves and developments

7.7 BlackSky Global LLC

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Key strategic moves and developments

7.8 ImageSat Inernational N.V.

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Key strategic moves and developments

7.9 European Space Imaging GmbH

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Key strategic moves and developments

7.10 UrtheCast Corp.

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Business performance
7.10.4 Key strategic moves and developments

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP INVESTMENT POCKETS
FIG. 3 TOP WINNING STRATEGIES IN COMMERCIAL SATELLITE IMAGING MARKET
FIG. 4 VALUE CHAIN ANALYSIS
FIG. 5 PORTERS FIVE FORCES ANALYSIS
FIG. 6 MARKET SHARE ANALYSIS OF COMMERCIAL SATELLITE IMAGING MARKET (2015)
FIG. 7 APPLICATION OF LOCATION-BASED SERVICES
FIG. 8 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY END-USER, 2015 & 2022
FIG. 9 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN GOVERNMENT SECTOR, 2014-2022 ($MILLION)
FIG. 10 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN GOVERNMENT SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 11 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN DEFENSE SECTOR, 2014-2022 ($MILLION)
FIG. 12 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN DEFENSE SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 13 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN FORESTRY & AGRICULTURE SECTOR, 2014-2022 ($MILLION)
FIG. 14 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN FORESTRY & AGRICULTURE SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 15 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN ENERGY SECTOR, 2014-2022 ($MILLION)
FIG. 16 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN ENERGY SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 17 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN CIVIL ENGINEERING & ARCHAEOLOGY SECTOR, 2014-2022 ($MILLION)
FIG. 18 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN CIVIL ENGINEERING & ARCHAEOLOGY SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 19 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN OTHER (MEDIA & ENTERTAINMENT, AND INSURANCE) SECTORS, 2014-2022 ($MILLION)
FIG. 20 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN OTHER (MEDIA & ENTERTAINMENT AND INSURANCE) SECTORS, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 21 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN GEOSPATIAL DATA ACQUISITION & MAPPING APPLICATION, 20142022 ($MILLION)
FIG. 22 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN GEOSPATIAL DATA ACQUISITION & MAPPING APPLICATION, 2015 & 2022 (%)
FIG. 23 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN URBAN PLANNING & DEVELOPMENT APPLICATION, 20142022 ($MILLION)
FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN URBAN PLANNING & DEVELOPMENT APPLICATION, 2015 & 2022 (%)
FIG. 25 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN DISASTER MANAGEMENT APPLICATION, 20142022 ($MILLION)
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN DISASTER MANAGEMENT APPLICATION, 2015 & 2022 (%)
FIG. 27 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN ENERGY & NATURAL RESOURCE MANAGEMENT APPLICATION, 20142022 ($MILLION)
FIG. 28 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN ENERGY & NATURAL RESOURCE MANAGEMENT APPLICATION, 2015 & 2022 (%)
FIG. 29 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN SURVEILLANCE & SECURITY APPLICATION, 20142022 ($MILLION)
FIG. 30 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET IN SURVEILLANCE & SECURITY APPLICATION, 2015 & 2022 (%)
FIG. 31 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY GEOGRAPHY, 2015 & 2022
FIG. 32 NORTH AMERICA COMMERCIAL SATELLITE IMAGING MARKET, 2014-2022 ($MILLION)
FIG. 33 COMPARATIVE MARKET SHARE ANALYSIS OF NORTH AMERICA COMMERCIAL SATELLITE IMAGING MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 34 EUROPE COMMERCIAL SATELLITE IMAGING MARKET, 2014-2022 ($MILLION)
FIG. 35 COMPARATIVE MARKET SHARE ANALYSIS OF EUROPE COMMERCIAL SATELLITE IMAGING MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 36 ASIA-PACIFIC COMMERCIAL SATELLITE IMAGING MARKET, 2014-2022 ($MILLION)
FIG. 37 COMPARATIVE MARKET SHARE ANALYSIS OF ASIA-PACIFIC COMMERCIAL SATELLITE IMAGING MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 38 LAMEA COMMERCIAL SATELLITE IMAGING MARKET, 2014-2022 ($MILLION)
FIG. 39 COMPARATIVE MARKET SHARE ANALYSIS OF LAMEA COMMERCIAL SATELLITE IMAGING MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 40 DIGITALGLOBE, INC.: REVENUE, 20132015 ($MILLION)
FIG. 41 DIGITALGLOBE, INC.: REVENUE BY GEOGRAPHY (%), 2015
FIG. 42 DIGITALGLOBE, INC.: REVENUE BY CUSTOMERS (%), 2015
FIG. 43 HARRIS CORPORATION: REVENUE, 20132015 ($MILLION)
FIG. 44 HARRIS CORPORATION: REVENUE BY BUSINESS SEGMENT (%), 2015
FIG. 45 HARRIS CORPORATION: REVENUE BY SUB-SEGMENT (%), 2015
FIG. 46 HARRIS CORPORATION: REVENUE BY GEOGRAPHY (%), 2015
FIG. 47 URTHECAST CORP.: REVENUE, 20142015 ($MILLION)
FIG. 48 URTHECAST CORP.: REVENUE BY SERVICES (%), 2015
FIG. 49 URTHECAST CORP.: REVENUE BY GEOGRAPHY (%), 2015

List of Tables

TABLE 1 WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 2 WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY END-USER, 2014-2022 ($MILLION)
TABLE 3 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN GOVERNMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN DEFENSE SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN FORESTRY & AGRICULTURE SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN ENERGY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN CIVIL ENGINEERING AND ARCHAEOLOGY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN OTHER (MEDIA & ENTERTAINMENT AND INSURANCE) END-USER SECTORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9 WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 10 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN GEOSPATIAL DATA ACQUISITION & MAPPING APPLICATION, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 11 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN URBAN PLANNING & DEVELOPMENT APPLICATION, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 12 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN DISASTER MANAGEMENT APPLICATION, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 13 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN ENERGY & NATURAL RESOURCE MANAGEMENT APPLICATION, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 14 WORLD COMMERCIAL SATELLITE IMAGING MARKET IN SURVEILLANCE & SECURITY APPLICATION, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 15 WORLD COMMERCIAL SATELLITE IMAGING MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 16 NORTH AMERICA COMMERCIAL SATELLITE IMAGING MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 17 EUROPE COMMERCIAL SATELLITE IMAGING, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18 ASIA-PACIFIC COMMERCIAL SATELLITE IMAGING, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19 LAMEA COMMERCIAL SATELLITE IMAGING, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 20 DIGITALGLOBE, INC.: COMPANY SNAPSHOT
TABLE 21 GALILEO GROUP, INC.: COMPANY SNAPSHOT
TABLE 23 SPACEKNOW, INC.: COMPANY SNAPSHOT
TABLE 24 HARRIS CORPORATION: COMPANY SNAPSHOT
TABLE 25 SKYLAB ANALYTICS: COMPANY SNAPSHOT
TABLE 26 BLACKSKY GLOBAL LLC: COMPANY SNAPSHOT
TABLE 27 IMAGESAT INTERNATIONAL N.V.: COMPANY SNAPSHOT
TABLE 28 EUROPEAN SPACE IMAGING GMBH: COMPANY SNAPSHOT
TABLE 29 URTHECAST CORP.: COMPANY SNAPSHOT

 

Commercial satellite imaging is the process of capturing real-time images of Earth, which are used for several commercial purposes such as urban planning & development, geospatial mapping, disaster management, energy & natural resource management, and surveillance & security. In addition, satellite imagery is used by various commercial sectors including civil engineering, government, defense, forestry, agriculture, media & entertainment, insurance, and real estate. Commercial satellite imaging has gained increased adoption in the defense sector over the years. The imagery obtained from satellites are used for a variety of applications in the defense sector such as surveillance, battlefront analysis, strategy formulation, and situation analysis on border areas. Rise in incidents of terrorism, illegal migration, human trafficking, and the need for updated geographical maps are expected to boost the commercial satellite imaging market growth in the defense sector during the forecast period. For instance, in December 2014, Airbus Defence and Space launched an Earth observation satellite named SPOT 7, which provides multiple resolution geospatial maps used in defense sector. The imagery provided by SPOT 7 satellite is used for civil and military mapping during the incidents of wars, maritime surveillance, and security of border.

Higher resolution images offered by aerial imagery as compared to satellite imaging restricts the growth of the commercial satellite imaging market. However, advancements in next-generation GPS satellites, advanced remote sensing technology, high-resolution cameras, light detection and ranging (LIDAR) technology, electric propulsion technology are expected to enhance the market growth in the coming years. Leading players have collaborated with other companies to enhance their product portfolios to increase their market potential in terms of geographical and customer base. In May 2016, Harris Corporation collaborated with Esri, which is a prominent provider of geographic information system (GIS) solutions. This collaboration assisted Harris Corporation in enhancing the commercial imagery from small satellites (Small-Sats), unmanned aerial system (UAS) platforms and open-data sources. North America is the leading revenue contributor to the global commercial satellite imaging market during the forecast period due to increase in investment by military and defense sector in the region. In the near future, Asia-Pacific is expected to grow rapidly, owing to frequent incidents of terrorist attacks and natural calamities in countries such as Japan, India, and China.

 

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