DUBLIN--(BUSINESS WIRE)--Aug 30, 2018--The "Commercial Satellite Imaging - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Commercial Satellite Imaging market accounted for $2,950.23 million in 2017 and is expected to reach $8,585.56 million by 2026 growing at a CAGR of 12.6%.

Technological developments, reducing prices of satellite imaging solutions, surging Customer awareness, supportive government initiatives and growing application of satellite imagery in a variety of sectors are some factors favoring market growth. However, cost associated with satellite launch is a major factor restricting the market.

On the basis of end user, the defense sector accounted for the highest revenue share in the global market, owing to recurrent incidents of cross-border disputes, and security concerns worldwide. Growth in demand for geospatial intelligence and mapping services, battlefront analysis, and real-time situation analysis of borders provide enormous growth opportunities the market in defense sector.

In terms of geography, North America held majority market share during forecast period due the presence of sophisticated infrastructure to undertake space programs, new systems developed by NASA and SpaceX in the US, and the growing demand for navigation satellite, communication satellites, and satellites for spying purposes. Also, the growing investments for space programs in America will further accelerate the rate of revenue generation in the market.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porter's Five Forces Analysis

5 Global Commercial Satellite Imaging Market, By Application

6 Global Commercial Satellite Imaging Market, By End-User

7 Global Commercial Satellite Imaging Market, By Geography

8 Key Developments

9 Company Profiling

Galileo Group, Inc. Spaceknow, Inc. Digital Globe, Inc. UrtheCast Corp. European Space Imaging GmbH ImageSat Inernational N.V. Planet Labs, Inc. SkyLab Analytics ImageSat Inernational N.V. BlackSky Global LLC Exelis, Inc. Trimble Navigation Limited Telespazio

For more information about this report visit https://www.researchandmarkets.com/research/swq4xv/global_commercial?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005831/en/

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Related Topics:Satellite Communications



SOURCE: Research and Markets

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PUB: 08/30/2018 04:25 PM/DISC: 08/30/2018 04:25 PM