“Commercial Satellite Imagery market to total USD 7.98 billion in 2030” says new Visiongain report

18 March 2020
Aviation

Visiongain has published a new Aviation report entitled Commercial Satellite Imagery (CSI) Market Forecast 2020-2030.

The Commercial Satellite Imagery market is estimated to witness a Compound Annual Growth Rate of 10.9 per cent from 2020 to 2030.

Several factors are having a driving effect on the industry, particularly funding from government, defence, and intelligence agencies.

Visiongain anticipates that global investment and consolidation will be very robust and stable over the next decade. The market’s strong health is due to the factors previously mentioned, as well as the presence of several established companies.

The leading players currently providing CSI products and services are BlackSky Global, European Space Imaging, Galileo Group, L3Harris Technologies, ImageSat International, Maxar Technologies, Planet Labs, SpaceKnow, Telespazio France and UrtheCast Corporation.

The senior Aviation Analyst said: "The global Commercial Satellite Imagery market is expected to generate sales of USD 2.84 billion in 2020.

"The reasons as to why the industry is, today, such a prosperous and buoyant worldwide business are wide-ranging. For example, the government, defence, and intelligence sectors have been prime markets and sources of economic support for CSI companies for a number of years.

"Also, in 2019, the National Reconnaissance Office announced that it was ready to start buying products from new vendors who for years have felt frozen out of the market – such as Planet and BlackSky. This means that new opportunities for commercial suppliers of satellite imagery will be plentiful.

"Secondly, the growing popularity of location-based services is expected to accelerate the CSI market over the next decade. LBS have been widely adopted by several key industries, including defence, transport, telecommunication, manufacturing, e-retail, energy and natural resource management.

"Location-based services also aid civil defence operations, flood responses, rescue events, and the fallout from other natural disasters. Therefore, it is inevitable that the CSI market will continue to grow alongside the use of LBS because imagery makes practically every decision-making process more efficient.

"By 2030, visiongain predicts that the Commercial Satellite Imagery market will have surpassed the five billion-dollar mark, achieving a total sales figure of USD 7.98 billion.”

Note for Editors
If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Advanced Surface Movement Guidance & Control System (A-SMGCS) Market Report 2021-2031

In near future, majority of the airports are expected to reach their capacity limit which in turn will results in longer blockage times of car parks and terminals, delays, unnecessary environmental impact, unnecessary fuel consumption, reduced economy due to worsening fleet rotation, etc.

18 December 2020

Read

Visiongain Publishes Air Traffic Management Market Report 2021-2031

Despite the difficulties and complexities of air traffic management, major developments in both developed and emerging markets for air travel are on the way forward. The growth of the air travel industry in countries such as China and India will enhance air traffic management through the use of processes, instruments, and technologies already used in developed markets such as the United States and Europe.

01 December 2020

Read

Visiongain Publishes Radiation-Hardened Electronics Market Report 2021-2031

Radiation-Hardened Electronics market has been witnessing strong growth over the past few years owing to significant investments in space exploration programs across the globe. Radiation-Hardened Electronics are highly used for space application which is required to decommissioning nuclear power plants and also to carry out human activities in space accelerator.

30 October 2020

Read

Visiongain Publishes Inertial Navigation System Market Report 2021-2031

Focus of armed forces across the globe on the procurement of military aircraft, armored vehicles, missile systems, and various artillery systems is one of the major factors driving the demand for inertial navigation systems market over the past few years.

30 October 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever