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Commercial Satellite Imaging Market to Garner $5.26 Bn, Globally, by 2026 at 11.2% CAGR, Says Allied Market Research
[September 10, 2019]

Commercial Satellite Imaging Market to Garner $5.26 Bn, Globally, by 2026 at 11.2% CAGR, Says Allied Market Research


PORTLAND, Oregon, Sept. 10, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Commercial Satellite Imaging Market by Application (Geospatial Data Acquisition & Mapping, Planning & Development, Disaster Management, Energy & Natural Resource Management, Surveillance & Security, Defense & Intelligence, and Others), and End User (Government, Military Defense, Forestry and Agriculture, Energy, Civil Engineering & Archaeology, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global commercial satellite imaging market accounted for $2.24 billion in 2018 and is projected to reach $5.26 billion by 2026, registering a CAGR of 11.2% during the forecast period.

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Prime determinants for growing market

Rise in adoption of location-based services (LBS) and rise in application of satellite imagery in various sectors have boosted the global commercial satellite imaging market. However, high resolution of aerial imaging services and various disadvantages of satellite imagine hamper the market growth. On the contrary, decreasing prices of satellite imaging solutions and technological advancements are expected to create lucrative opportunities in the near future.  

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Geospatial data acquisition and mapping segment dominated the market

The geospatial data acquisition and mapping segment held the largest share in 2018, contributing more than one-fourth of the global commercial satellite imaging market. This is owing to its potential in archaeology, construction, government, mining, and civil engineering. However, surveillance & security segment is projected to register the fastest CAGR of 11.8% during the forecast period, owing to increasing security concerns and focus on developing security programs.

Civil engineering and archaeology segment tomanifest fastest growth



The civil engineering and archaeology segment is projected to manifest the fastest CAGR of 11.7% during the forecast period, owing to rise in construction activities and increase in need for geographical for its effective utilization. However, the government segment held the largest share in 2018, accounting for more than one-fifth of the global commercial satellite imaging market, owing to increase in security concerns and rise in use of commercial satellite imaging for geospatial mapping.

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North America to rule the market

The global commercial satellite imaging market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America region dominated the market in 2018, contributing around two-fifths of the market, owing to increase in utilization of satellite imaging in their defense, government, and agriculture sectors and presence of major market players such as Google, Inc. and GeoEye, Inc. However, the market across the Asia-Pacific region is anticipated to manifest the fastest CAGR of 11.8% during the forecast period, owing to rising investment in the satellite manufacturing and increase in number of satellite launches.

Forerunners of the market

The global commercial satellite imaging market report includes analysis of the major market players such as

  • Surrey Satellite Technology Ltd.
  • Airbus Defence and Space
  • ADCC International East Africa Limited
  • Korea Space-image Technology, Ltd
  • Vricon, Inc.
  • SpaceView Inc.

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Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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