Commercial Satellite Imaging Market

The Global Commercial Satellite Imaging Market size is expected to reach $4.7 billion by 2025, rising at a market growth of 11.3% CAGR during the forecast period.

Increasing dependence on location-based services (LBS) is expected to drive the growth of the global market for commercial satellite imagery. This is linked to the fact that location-based services play a major role in the use of smart devices by providing real-time geographic data. Satellite imaging works with the help of imagery satellites to capture images of the Earth or other planets. Using these images for commercial purposes is known as commercial satellite imaging that includes a variety of applications such as environmental monitoring & management, border area surveillance, energy resource security, and construction project mapping. Commercial satellite imaging is useful across different sectors, including transportation, defense, construction, and others that acts as a key driver of the satellite imagery market.

Satellite imaging applications are navigation, mapping, GIS, geomarketing and advertising, emergency and security applications, business applications, sport, augmented reality/games, mHealth, tracking and social networking. All these applications are designed to meet the various requirements and conditions of use. The surge in context-aware applications is predicted to further enhance market growth during the forecast period and the increasing number of devices shipments with location-based services.

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