Now, on the basis of technology, the commercial satellite imaging market can be categorized as radar and optical. In 2017, images taken via optical technology held the larger revenue share, as the technology is cost-effective and the images produced are similar to how people see the world with their eyes. During the forecast period, this category is expected to hold on to its market dominance, but the radar technology category is predicted to grow faster. Radar technology creates high bandwidth signals that penetrate even smoke and clouds to generate clearer images of the earth.

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Across the world, the commercial satellite imaging market is growing due to the rising demand for LBS. Local search, navigation, mobile advertisements, enterprise services, tourism, location-specific health information, and consumer tracking utilize LBS. Now, the demand for LBS is itself being buoyed by government support in countries, including Mexico, China, and India and growing awareness among customers. To strengthen their position in the domain, companies offering satellite imaging services are engaging in the research and development of advanced technologies, which can help produce more high-resolution images, further aiding the market progress.

Globally, North America generated the highest commercial satellite imaging market revenue in 2017 on account of the increasing use of the technology for tracking terrorist activities by the U.S. Department of Defense. Further, the rising number of natural disasters, specifically hurricanes, tornados, and floods, is impelling the government to use systems for monitoring these and as well as managing the damage these cause. This is why the region is expected to be the largest revenue contributor (more than 30.0%) to the domain in the future as well.

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Therefore, we see that the growing terrorist and natural disaster threat will keep aiding the market progress during the forecast period.

The research offers historical market size of the global commercial satellite imaging market for the period 2013–2017 and market forecast for the period 2018–2023.

Market Segmentation by Technology

• Optical
• Radar

Market Segmentation by Application

• Defence
• Natural resources
• Energy
• Infrastructure
• Location-Based Services (LBS)      
• Maritime
• Disaster management
• Others

Market Segmentation by Region

• North America Commercial Satellite Imaging Market
  • By Technology
  • By Application
  • By Country – U.S. and Canada
• Europe Commercial Satellite Imaging Market
  • By Technology
  • By Application
  • By Country – U.K., Germany, France, Russia and Rest of Europe
• Asia-Pacific Commercial Satellite Imaging Market
  • By Technology
  • By Application
  • By Country – China, India, Japan, and Rest of Asia-Pacific
• Middle-East and Africa Commercial Satellite Imaging Market
  • By Technology
  • By Application
  • By Country – UAE, South Africa and Rest of MEA
• Latin America Commercial Satellite Imaging Market
  • By Technology
  • By Application
  • By Country – Brazil, Mexico and Rest of Latin America