Commercial Satellite Imaging Market to Reach USD 5018.6 million by 2019, Globally: Transparency Market Research

ALBANY, New York, January 20, 2014 — (PRNewswire) —

According to a new market report "Commercial Satellite Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019," published by Transparency Market Research, the market for commercial satellite imaging globally is forecast to reach USD 5,018.6 million by 2019. The market growth is driven by increased demand for applications such as oil and gas (energy) sector management and natural resource management. Insurance, real estate and city planning and fleet management are emerging as potential commercial applications for satellite imagery market.

Browse the full report with TOC at  http://www.transparencymarketresearch.com/commercial-satellite-imaging-market.html 

Globally, this market was valued at USD 2,054.5 million in 2012 and is forecast to grow at 13.9% CAGR from 2013 - 2019. The data collected by satellites images has commercial value across industries, including commercial enterprises, civil engineering, military, forestry & agriculture, energy sectors and insurance, among others. Global commercial satellite imaging market in 2012 was dominated by the military segment, which accounted for 29.2% revenue share. It is due to quick adoption of this technology by major countries particularly in the defense sector, where high resolution satellite imagery is being implemented to develop their security programs and bolster vigilance systems.

This technology is mainly used in the energy sector, geospatial technology, natural resources management, construction & development, media & entertainment disaster response management, defense & intelligence and conservation & research among others. Geospatial technology, energy and natural resource management are emerging as promising applications for satellite imaging industry. These three segments together accounted for approximately 41.8% of market revenue share in 2012. Governments purchase commercial satellite imagery in order to support national security reconnaissance activities, climate change research, weather prediction, and land management activities. Growth of the commercial satellite imagery is driven by increasing demand from defense sector, predominantly by countries with large imagery intelligence (IMINT) requirements. Currently, due to rising terrorism concerns, defense and intelligence departments all over the world are seeking ways to support their security initiatives using satellite imagery.

Geographically, North America is expected to remain largest market for commercial satellite imagery followed by Europe. North America and Europe collective had revenue share of 70.7% in 2012. Commercial satellite imagery market in North America has been world-leading, and is expected to dominate the global market during the forecast period in spite of reduction in government funding. Europe is showing slower growth due to lower economic activity and turbulent budgetary situation, due to which large finance activities have been withheld or suspended for short term.

Market participants include renowned companies such as Digital Globe Inc., GeoEye Inc., Astrium Geo, who are currently dominating the market space. GeoEye and DigitalGlobe represented approximately 65.1% of commercial satellite imagery market in 2012. New participants are expected to face stiff competition from existing players, and will have to focus on service differentiation and quality, so as to sustain growth in the long run. Other players in the market include ImageSat International N.V., BlackBridge (RapidEye) and Skybox Imaging, Inc. among others.

Related & Recently Published Reports by Transparency Market Research


This report analyzes the global commercial satellite imaging market in terms of revenue (USD million). The market has been segmented as follows:

Commercial Satellite Imaging Market, by Industry Vertical:

  • Government
  • Commercial enterprises
  • Civil engineering industry
  • Military
  • Forestry and agriculture
  • Energy sectors
  • Insurance

Commercial Satellite Imaging Market, by Application:

  • Energy
  • Geospatial technology
  • Natural resources management
  • Construction and development
  • Disaster response management
  • Defense and intelligence
  • Conservation & research
  • Media and entertainment

Commercial Satellite Imaging Market, By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Browse all Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: Email Contact
Web: http://www.transparencymarketresearch.com/
Blog: http://www.tmrblog.com/
Blog: http://transparencymarketresearch.areavoices.com/

SOURCE http://www.transparencymarketresearch.com/

Contact:
http://www.transparencymarketresearch.com/




Review Article Be the first to review this article
Harris

Airbus

Featured Video
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Senior Structural Engineer for Design Everest at San Francisco, CA
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Upcoming Events
SPTechCon 2016, Dec 5 - 8, 2016, San Francisco, CA at San Francisco CA - Dec 5 - 8, 2016
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Trimble
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy