Global Commercial Satellite Imaging Market Overview
Introduction:
Commercial Satellite Imaging Market was valued at US$ 4.8 billion in 2024 and is projected to grow at a CAGR of 11.4% to reach US$ 14.1 billion by 2034.
Commercial Satellite Imaging Market is imaged of Earth or other planets collected by imaging satellites and are operated by government and business across the globe. Satellite imaging companies sell images by licensing them to government or businesses such as Apple Maps and Google Maps. According to data published by Union of Concerned Scientists (UCS) in 2019, the satellite database has registered more than 2000 operational satellites currently in orbit around Earth.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Commercial Satellite Imaging Market Dynamics
Growing demand for satellite imagery in various sectors is one of the key factors driving growth of the global commercial satellite imaging market globally. In addition, growing demand for high-resolution satellite imagery in emergency services, defense, homeland security, and environmental protection, for crime mapping, crop forecasting, and data evaluation, commercial satellite imaging is expected to fuel growth of the global market over the forecast period. However, alternative technologies to commercial satellite imaging, such as aerial imaging services, are likely to restrain growth of the target market globally. Nevertheless, innovative developments in technologies are offering lucrative growth opportunities for the key players operating in the global commercial satellite imaging market across the globe. For instance, high-resolution cameras, next-generation GPS satellites, light detection and ranging (LIDAR) technology and remote sensing technologies help record, observe, and perceive objects or events from remote locations.
Global Commercial Satellite Imaging Market Segmentation
Commercial Satellite Imaging Market is segmented based on application, end-user, and region.
Based on application, the commercial satellite imaging market is segmented into geospatial data acquisition & mapping, natural resource management, surveillance & security, conservation & research, and others. Others application segment includes construction & development, disaster management, and defense & intelligence. The defense & intelligence segment held the largest market share in 2017. This is attributed due to rising terrorism threats and growing focus of governments toward the advancement of their defense capabilities across the globe.
On the basis of end-user, the target market is segmented into government, construction, transportation & logistics, military & defense, energy, and forestry & agriculture.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Based on region the commercial satellite imaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest hare for the global market overt the forecast period whereas the U.S. was the more significant contributor. The rising adoption of commercial satellite imaging by the defense sector of the U.S. to track terrorism activities across the globe is driving growth for it in the country. In addition, growing geospatial research, coupled with high expenditure on the natural resources in the U.S., is anticipated to boost the growth of the North American market over the forecast period.
Report Scope:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 4.8 billion |
|
Projected Market Size 2034 |
US$ 14.1 billion |
|
CAGR Growth Rate |
11.4% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Application - Geospatial Data Acquisition & Mapping, Natural Resource Management, Surveillance & Security, Conservation & Research, and Others By End-user - Government, Construction, Transportation & Logistics, Military & Defense, Energy, and Forestry & Agriculture |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Commercial Satellite Imaging Market report based on Application, end-user and region:
Commercial Satellite Imaging Market, By Application:
- Geospatial Data Acquisition & Mapping
- Natural Resource Management
- Surveillance & Security
- Conservation & Research
- Others
Commercial Satellite Imaging Market, By End-user:
- Government
- Construction
- Transportation & Logistics
- Military & Defense
- Energy
- Forestry & Agriculture
Commercial Satellite Imaging Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Commercial Satellite Imaging Market Key Players
The key players operating the Commercial Satellite Imaging Market includes, DigitalGlobe Inc., Galileo Group Inc., Planet Labs Inc., SpaceKnow Inc., Skylab Analytics, Harris Corporation, BlackSky Global LLC, ImageSat International NV, UrtheCast Corp., and European Space Imaging (EUSI) GmbH.
Global Commercial Satellite Imaging Market Key Issues Addressed
Recent Development:
- In May 2023, South Korea successfully launched a commercial-grade satellite for the first time Thursday as part of its growing space development program, as rival North Korea is pushing to place its first military spy satellite into orbit. The two Koreas, technically in a state of war, have no military reconnaissance satellites of their own and both are eager to possess them. The South Korean launch will likely assist its efforts to develop a space-based surveillance system.
- In April 2023, Astraea, Inc., a platform for spatiotemporal data and analytics, announced a new ordering service offering access to advanced satellite imagery sources from providers like Planet Labs PBC, among others. With the launch of the ordering service, Astræa customers get scalable access to the most advanced commercial satellite imagery on the market.
Global Commercial Satellite Imaging Market Company Profile
- Harris Corporation*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DigitalGlobe Inc.
- Galileo Group Inc.
- Planet Labs Inc.
- SpaceKnow Inc.
- Skylab Analytics
- BlackSky Global LLC
- ImageSat International NV
- UrtheCast Corp.
- European Space Imaging (EUSI) GmbH.
“*” marked represents similar segmentation in other categories in the respective section.
Global Commercial Satellite Imaging Market Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Commercial Satellite Imaging Strategies
- Key Questions this Study will Answer
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Commercial Satellite Imaging Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Geospatial Data Acquisition & Mapping
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Natural Resource Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Surveillance & Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Conservation & Research
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Commercial Satellite Imaging Market, By End User, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Government
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Construction
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Transportation & Logistics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Military & Defense
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Energy
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Forestry & Agriculture
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Commercial Satellite Imaging Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- DigitalGlobe Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- Galileo Group Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- Planet Labs Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- SpaceKnow Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- Skylab Analytics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- Harris Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- BlackSky Global LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- ImageSat International NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- UrtheCast Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- European Space Imaging (EUSI) GmbH.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Tragedy
- DigitalGlobe Inc.
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The commercial satellite imaging market is segmented based of application, end-user, and region.
Commercial Satellite Imaging Market was valued at US$ 4.8 billion in 2024 and is projected to grow at a CAGR of 11.4% to reach US$ 14.1 billion by 2034.
Increasing demand for high-resolution and real-time satellite imagery, advancements in satellite technology, and the integration of satellite data with other technologies like artificial intelligence and machine learning. Opportunities could arise from the growing applications of satellite imagery in sectors such as agriculture, defense, environmental monitoring, and infrastructure development.
Expanding use of satellite imagery for various applications, such as urban planning, disaster monitoring, agriculture, and defense. Additionally, advancements in satellite technology, increasing awareness of the benefits of satellite data, and government initiatives promoting the use of space-based information contribute to the market's growth.
North America has historically been a significant player in the commercial satellite imaging sector, with companies like Maxar Technologies and Planet Labs. However, the market dynamics can evolve, and the latest reports should be consulted for up-to-date insights.
The key players operating the Commercial Satellite Imaging Market includes, DigitalGlobe Inc., Galileo Group Inc., Planet Labs Inc., SpaceKnow Inc., Skylab Analytics, Harris Corporation, BlackSky Global LLC, ImageSat International NV, UrtheCast Corp., and European Space Imaging (EUSI) GmbH.