The global commercial satellite imaging market is anticipated to grow at a considerable CAGR of 11.3% during the forecast period. Commercial satellite imagery has become widely available, owing to the advent of inexpensive and easy-to-use software that offers easy access to satellite imagery provided by several companies active in the satellite imagery industry. Satellite images are used for various applications such as mapping of construction projects, border surveillance, security of energy resources, and environment monitoring and management of crops. For instance, in June 2022, FarmQA announced its partnership with Planet Labs PBC. The partnership provides agronomists, crop consultants and growers with field-specific imagery they need to diagnose problems and more effectively plan for seeding treatment, and harvest activities. The additional benefit for the customers is that they can select specific fields for which they want to bring in data, and they can locate Planet Imagery through the mobile app and FarmQA’s web application. Moreover, commercial satellite imaging is a critical part of location-based services (LBS) and is very useful in offering useful insights for emergency response in incidents such as natural disasters and life-threatening events.
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In addition, the market players such as Maxar Technologies, Planet Labs Pbc, Origin Digital and Aspia Space, and others operating in the market are inclined toward adopting various strategies such as partnership, collaboration, funding and others to remain competitive in the global market. In March 2022, a world-first service that revolutionises the way satellite imagery is used in precision agriculture has announced by UK technology companies Origin Digital and Aspia Space. The new ‘ClearSky’ service, was launched imminently in the UK. This innovation means that farmers using ClearSky are guaranteed to receive an image every six days showing them how their crop is developing, whatever the weather. ClearSky uses radar inputs, which penetrate the cloud, this means that even in the presence of 100% cloud cover, it delivers regular, reliable, and consistent cloud-free images that are easily understood and can be analyzed in the same way as regular satellite imagery.
Global Commercial Satellite Imaging Market Report Segment
By Type
- Visible Imagery
- Infrared Imagery
- Water Vapor Imagery
By Application
- Geospatial Data Acquisition and Mapping
- Natural Resource Management
- Surveillance and Security
- Construction and Development
- Disaster Management
- Defense and Intelligence
- Others (Energy Generation)
By End User
- Government
- Construction
- Transportation and Logistics
- Military and Defense
- Energy
- Forestry and Agriculture
- Other (civil engineering and archaeology)
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Commercial Satellite Imaging Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- European Space Imaging
- Galileo Group Inc
- Imagesat International (Isi) Ltd.
- L3 Harris Technolgies Inc
- Maxar Technologies
- Planet Labs Pbc
- Skywatch
- Spaceknow
- Telespazio France
- Trimble Inc.
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