DUBLIN, Feb. 21, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/w8qx4q/commercial) has announced the addition of the "Concise Analysis of the International Commercial Satellite Imaging Market - Trends and Forecast to 2019" report to their offering.
The global commercial satellite imaging market, valued at USD 2.05 billion in 2012, is expected to see strong growth at 13.9% CAGR during 2013 to 2019 period. At present, this technology is used in variety of commercial applications and has shown a significant growth when compared to defense and government (intelligence), which dominated market in past years. With continuous improvements in technology, both in sensors and image processing techniques, the future holds much promises for commercial satellite imaging market. The data generated through satellite imagery in combination with aerial photography, further provides more accurate, easy to understand, and precise images, to facilitate response to any developing climatic or geo-political situation. Growing popularity of location based services and increasing use of satellite for monitoring sites and security purposes are some of the key factors to drive the growth of this market.
It offers widespread applications including energy sector management, construction & development, natural resources management, defense & intelligence, media & entertainment, disaster response management, and conservation & research among others. The potential end-use industries of satellite imagery geospatial products and services are many, such as government, commercial enterprises, civil engineering industry, military, forestry & agriculture and energy sectors, among others. Military departments, especially across emerging economies in Asia-Pacific, Africa, and South America regions, are rapidly learning the value of high resolution satellite imagery in developing their security programs. Hence, they are progressively embracing high resolution satellite imagery technology in order to support military operations and defense activities. Thus, global commercial satellite imaging market in 2012 was dominated by the military segment.
Geographically, North America was the largest market followed by Europe, and is expected to remain largest market for commercial satellite imaging despite current budgetary issues. However, challenges such as high capital investments and strict government regulations imposed on satellite imaging data sharing are hindering market growth. Some of the key participants in this market include companies such as Digital Globe Inc., GeoEye Inc., Astrium Geo, ImageSat International N.V., BlackBridge (RapidEye) and Skybox Imaging, Inc., among others.
Key Topics Covered:
2 Executive Summary
3 Global Commercial Satellite Imaging Market Overview
4 Global Commercial Satellite Imaging Market Overview, by Applications
5 Global Commercial Satellite Imaging Market, by End-Use Industry
6 Global Commercial Satellite Imaging Market, by Geography
7 Company Profiles
- DigitalGlobe, Inc.
- ImageSat International N.V.
- RapidEye AG (BlackBridge)
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SOURCE Research and Markets