The global Satellite Imagery market is projected to experience significant growth from 2023 to 2030. With increasing adoption of strategies by key players, the market is expected to rise over the forecast period. The market size of the global Satellite Imagery market is estimated to be worth USD 3,096 million in 2022. However, due to the COVID-19 pandemic, the market is forecasted to reach a readjusted size of USD 8,659.8 million by 2028, with a CAGR of 18.7%.
The market analysis covers global and United States Satellite Imagery markets, as well as other regional and county-level data. By type, 0.3m Resolution accounted for the largest market share in 2021. By application, Transportation was the leading segment in 2021.
The key players in the global Satellite Imagery market include Maxar Technologies, Airbus, L3Harris, Telespazio, Satellogic, ImageSat International, Capella Space, ICEYE, and European Space Imaging. These top 3 companies hold over 58% market share. North America is the largest market, followed by Europe and Asia Pacific.
The Satellite Imagery market is segmented by region, players, type, and application. The report provides revenue and forecast data for the period 2017-2028. For the United States market, the report focuses on the market size by players, type, and application for the period 2017-2028.
The factors driving the growth of the Satellite Imagery market include increased demand in transportation, agriculture, surveying and exploration, military and defense, and other sectors. The market offers various types of Satellite Imagery, including 0.3m Resolution, 0.5m Resolution, 1m Resolution, and others.
The leading regions in the Satellite Imagery market are North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. These regions have a strong presence in the market due to their technological advancements and increasing demand.
In conclusion, the Satellite Imagery market is expected to witness substantial growth in the coming years. The market offers a wide range of applications and product types, and key players are investing in strategies to expand their market presence. With the ongoing COVID-19 pandemic, the market is experiencing certain readjustments, but it is expected to recover and continue its growth trajectory.