The Europe Commercial Satellite Imaging Market would witness market growth of 10.4% CAGR during the forecast period (2019-2025). Commercial satellite imaging refers to using satellites to obtain images of Earth and space. Many private companies offer Earth satellite images and process and analyse them, including vegetation monitoring and detection, habitat, construction of infrastructure pipelines, generation of the Digital Model Elevation, and natural resource and archaeological sites exploration.
The market growth is driven by an increase in location-based service (LBS) trend and an increase in satellite imaging applications in sectors like government, manufacturing, retail, transportation, defense, construction, and healthcare. Aerial imaging services, however, provide cost-effective & high-resolution images and videos compared to satellite imaging, which is one of the major factors of restraint.
Satellite imaging involves creating raw image data using a satellite enabled for optical sensing. Aeronautical imagery provides higher image resolution compared to satellite imagery as it is closer to the target. Terrestrial imaging offers the highest image resolution and is cost-effective, but it suffers from geographical constraints. Satellites also offer comprehensive coverage of the globe in addition to faster delivery of image data, making them the preferred alternative to other imaging solutions. In addition, it is relatively inexpensive to use imaging services once the satellite is launched into space, which is expected to drive market growth over the next few years.
Based on Application, the market is segmented into Geospatial Data Acquisition & Mapping, Energy & Natural Resource Management, Defense & Intelligence, Disaster Management, Surveillance & Security, Urban Planning & Development and Others. Based on End User, the market is segmented into Government & Defense, Forestry & Agriculture, Civil Engineering & Archaeology, Energy, Transportation & Logistics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Spaceflight Industries, Inc., Galileo Group, Inc., ImageSat International N.V., Maxar Technologies, Inc., Planet Labs, Inc., UrtheCast Corporation, Airbus SE, Saab Group (Vricon, Inc.), Trimble, Inc., Leonardo SpA, Thales Group S.A. and L3Harris Technologies, Inc.
Market Segmentation:
By Application
By End User
By Country
Companies Profiled
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