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Increasing national security concerns are projected to promote innovation in commercial satellite imaging production, propelling the market during the forecast period.

The global commercial satellite imaging market is expected to grow from $3.88 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The global commercial satellite imaging market is expected to reach $6.36 billion in 2027 at a CAGR of 10.2%.

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Global Commercial Satellite Imaging Market Segments Include:

• By Technology: Optical, Radar
• By Application: Geospatial Data Acquisition And Mapping, Natural Resource Management, Surveillance And Security, Conservation And Research, Disaster Management, Defence And Intelligence
• By End User: Government, Military And Defense, Forestry And Agriculture, Energy, Civil Engineering And Archaeology, Transportation And Logistics, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global commercial satellite imaging market in 2021.

Major Market Players in the commercial satellite imaging market include Blacksky Global LLC, European Space Imaging (EUSI) GmbH, ImageSat International N.V. (iSi), Galileo Group Inc., L3Harris Technologies, Harris Corporation, Maxar Technologies Inc.

Technological advances have emerged as the most popular trend in the commercial satellite imaging sector. To improve their market position, major businesses in the commercial satellite imaging industry are introducing technologically advanced satellite imaging goods and offers. Maxar Technologies Inc., a US-based space technology business specialising in geospatial intelligence space solutions, for example, debuted 15 cm HD, a high-definition (HD) images product, in 2020. The HD technology increases the pixel count by utilising a mathematical model optimised for our imagery, resulting in a better visual output. This development is likely to result in clearer features and increase both people’s and algorithms’ abilities to extract relevant information. The increased resolution of 15 cm HD allows for the detection of finer characteristics that are not visible in lower-resolution satellite data.

The Commercial Satellite Imaging Global Market Report 2023  provides a commercial satellite imaging market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The commercial satellite imaging market forecast analyzes commercial satellite imaging market size, commercial satellite imaging market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Commercial satellite imaging is the use of satellites to acquire high-resolution photos and data for a variety of applications including mapping, land use analysis, disaster response, and environmental monitoring.

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