Portland, OR, Oct. 16, 2019 (GLOBE NEWSWIRE) -- According to the report, the global commercial satellite imaging market was estimated at $2.24 billion in 2018 and is expected to reach $5.25 billion by 2026, growing at a CAGR of 11.2% from 2019–2026. The report offers a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive scenario, and wavering market trends.
Increasing adoption of location-based service (LBS) and rising application of satellite imagery in various sectors fuel the growth of the global commercial satellite imaging market. On the other hand, high resolution of aerial imaging services and various disadvantages of satellite imaging restrain the growth to some extent. However, decreasing the prices of satellite imaging solutions and high-end technological advancements are expected to create lucrative opportunities in the near future.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1751
The government segment to dominate by 2026
Based on end-use, the government segment accounted for nearly one-fourth of the total market revenue in 2018 and is expected to dominate throughout the forecast period. The civil engineering and archaeology segment, on the other hand, is projected to showcase the fastest CAGR of 11.7% during the estimated period.
The geospatial data acquisition and mapping segment to rule the roost
Based on application, the geospatial data acquisition and mapping segment contributed to one-fourth of the total market share in 2018 and is anticipated to lead the trail during 2019–2026. Simultaneously, the surveillance & security segment would cite the fastest CAGR of 11.8% by 2026.
North America to retain its dominance in terms of revenue
Based on geography, North America garnered the lion’s share in 2018, holding two-fifths of the total market. Simultaneously, the Asia-Pacific region would showcase the fastest CAGR of 11.8% throughout the forecast period.
Frontrunners in the industry
The key players analyzed in the report include European Space Imaging, Galileo Group, Inc., BlackSky Global LLC, Telespazio France, Maxar Technologies Inc., Planet Labs Inc., UrtheCast Corp, Harris Corporation, ImageSat International N.V., and others. These players have incorporated different strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to brace their stand in the market.
Inquire for Purchase Report: https://www.alliedmarketresearch.com/purchase-enquiry/1707
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.