Global Commercial Satellite Imaging Market Report and Forecast 2024-2032

Global Commercial Satellite Imaging Market Outlook

The global commercial satellite imaging market size reached approximately USD 4.69 billion in 2023. The market is further projected to grow at a CAGR of 10.60% between 2024 and 2032, reaching a value of USD 11.61 billion by 2032.

Key Trends in the Market

Commercial satellite imaging commonly referred to as earth observation refers to the process of capturing and collecting images of earth with the help of a satellite, the collected images are then used for various commercial purposes.

• The rising applications of captured images in environment and weather forecasting and the need for a quick response in emergency situations such as natural calamities and defence security events has boosted the commercial satellite imaging market demand.

• Rising security concerns along with the ability of the satellite imaging to offer geospatial services and products has led to an increased demand from the defence authorities and various government agencies.

• The demand for commercial satellite imaging is rising rapidly for agricultural applications, natural resource management, and urban planning, among others, as with the help of satellite imagery and data one can easily obtain detailed and accurate information about vegetation, among others.

Global Commercial Satellite Imaging Market Analysis

Based on application, the market is divided into defence and intelligence, disaster management, energy and natural resource management, geospatial data acquisition and mapping, surveillance and security, and urban planning and development, among others.

By end use, the market is classified into construction, energy, forestry and agriculture, government, military and defence, and transportation and logistics, among others. Based on region, the commercial satellite imaging market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Planet Labs PBC

• DigitalGlobe Inc.

• Galileo Group, Inc.

• SpaceKnow Inc.

• Maxar Technologies Inc,

• L3Harris Corporation Inc.

• BlackSky Technology Inc.

• Imagesat International (I.S.I) Ltd.

• European Space Imaging (EUSI) GmbH

• Others

Market Share by End Use

Government accounted for a significant commercial satellite imaging market share during the historical period and is expected to expand further over the forecast period. The precise information and high-quality image provided by commercial satellite imaging assists government agencies to save lives, protect properties, and to strengthen economic stability within geographical limits. Moreover, the images are also used by the governments to run a regulatory check on land management, population impact, and carbon management, among others.

Market Share by Region

North America holds a significant share of the market owing to the strong presence of leading market players. The availability of modern infrastructure and increased spendings on space programs coupled with rising the demand for commercial satellite imaging from various governments in the region is further fuelling the commercial satellite imaging market growth.

The Asia Pacific is anticipated to witness significant growth due to rising investments by governments of countries including China, India, and Japan, among others in commercial satellite imaging, to ensure national security.

Competitive Landscape

Planet Labs PBC was founded in 2010 and is headquartered in California, United States. The data analytics and aerospace company, builds small satellites and delivers information about the planet.

DigitalGlobe Inc., a commercial earth imagery content provider, was founded in 1992 and is headquartered in Colorado, United States. The company provides advanced geospatial services and operates civilian remote sensing spacecrafts.

Galileo Group, Inc. provides advanced remote sensing solutions using data fusion, hyperspectral imaging, and LIDAR, among others. The company was founded in 1998 and is headquartered in Florida, United States.

Other commercial satellite imaging market players include SpaceKnow Inc., Maxar Technologies Inc, L3Harris Corporation Inc., BlackSky Technology Inc., Imagesat International (I.S.I) Ltd., and European Space Imaging (EUSI) GmbH, among others.

Key Highlights of the Report