Technological Advancement to Drive Commercial Satellite Imaging Market to a Valuation of USD 10.23 BN. By 2027: TMR

Technological Advancement to Drive Commercial Satellite Imaging Market to a Valuation of USD 10.23 BN. By 2027: TMR

PR Newswire

ALBANY, New York, March 26, 2020

-  Compound Annual Growth Rate from 2019 to 2027 to be 11.61%

-  Defense and Intelligence to be a leading market segment. North America to account for a sizeable market share

ALBANY, New York, March 26, 2020 /PRNewswire/ -- Over the period – 2019 to 2027 – the global commercial satellite imaging market is set to grow at a rate of 11.61%, compounded annually. A number of growth drivers would help the market chart an impressive trajectory. Besides, the growth rate would translate to a robust market valuation, which is set to rise from USD 3.82 bn. in the year 2018 to USD 10.23 bn by the year 2027.

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As per Transparency Market Research, "Technological advancement would be a significant determinant of growth in the market."

Key Findings of the Global Commercial Satellite Imaging Market

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on Commercial Satellite Imaging Market (End User - Government, Commercial Enterprises, Civil Engineering Industry, Military, Forest, Agriculture, Energy Sectors, and Insurance; Applications - Energy, Geospatial Technology, Natural Resources Management, Construction and Development, Disaster Response Management, Defense and Intelligence, Conservation and Research, and Media and Entertainment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027 at

https://www.transparencymarketresearch.com/commercial-satellite-imaging-market.html

Key Drivers of Growth in the Global Commercial Satellite Imaging Market:

Technological advancement is key to growth in the global commercial satellite imaging market, as per Transparency Market Research. Furthermore, interplay of a number of connected factors help the market stay buoyant over the assessment period.  A synopsis is provided below:

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Key Impediments to Growth in the Global Commercial Satellite Imaging Market:

The market, which is set to witness an upward facing and steep growth curve over the assessment period, is witnessing a number of restrains in its landscape. A prominent restrain that is hampering growth in the global commercial satellite imaging market is requirement of high capital investment. However, as novel opportunities of growth arise in the developing nations of the world, the influence of limitations would be counteracted.

Regional analysis of Global Commercial Satellite Imaging Market:

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Competitive Landscape of the Global Commercial Satellite Imaging Market:

The market is highly competitive. Top players that occupy the vendor landscape of global commercial satellite imaging market include Galileo Group Inc., Planet Labs Inc., Blacksky Global, Telespazio, Exelis Inc., DigitalGlobe Inc., SkyLab Analytics, Trimble Navigation Ltd., and Spaceknow Inc.

Over the next few years the top players would direct efforts towards consolidating their market position by strengthening distribution networks, notes Transparency Market Research.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/577

The market is segmented based on: 

End-use Industry

By Application

By Region

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry:

Mobile Satellite Services (MSS) Market – In 2017, the global mobile satellite services market was valued at US$3942.3 mn. Rising at a healthy 7.4% CAGR between 2017 and 2025, the global market is likely to reach US$6955.3 mn by the end of 2025. Holding nearly 66.2% of the market based on service type, the data segment emerged dominant in 2016. Its dominance is expected to remain sealed through the aforementioned forecast period.

Automotive Telematics Market – the automotive telematics market is projected to reach a value of ~US$ 99 Bn by 2027, expanding at a CAGR of ~17% during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles.  For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere.

Television Broadcasting Services Market – The global television broadcasting services market is witnessing strong growth owing to factors such as increasing demand for high definition (HD) content and advertisement as a growing source of revenue. At present, OTT services and production studios have huge demand from consumers and therefore broadcasters are highly focused on creating large volumes of higher-quality content.

Commercial Satellite Launch Services Market – The commercial use of satellites for applications such as internet and GPS has witnessed a significant increase in the past few years, which has subsequently boosted the commercial satellite launch services market. The demand for satellite-based telemetry applications is further contributing to the growth of this market. The demand for communication network and the rising need for data bandwidth as well as the increasing popularity of unmanned aerial vehicles (UAVs) has further aided the growth of commercial satellite launches.

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About Transparency Market Research

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. Our experienced team of analysts, researchers, and consultants 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.

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