Commercial Satellite Imaging Market Development and Demand Forecast to 2020

With the main benefits of multispectral sensing, repetitive coverage, global observation and low-cost implementation, satellite remote sensing technology is a favorable tool for monitoring environment. Emergence of new technologies, increasing popularity of location based service (monitoring sites and security purposes) and rising application areas of commercial satellite imaging are the major drivers of commercial satellite imaging market.

The increasing availability of geospatial data and decreasing cost of geospatial technologies have made high-resolution imagery analysis a sustainable research tool for human rights organizations, which is emerging as a trend in the commercial satellite imaging market. For human rights-related documentation, monitoring, and advocacy efforts, high-resolution satellite imagery is used which ultimately benefits the commercial satellite imaging market.

The process of gathering data in the form of images through the use of a revolving satellite around the earth or by an aircraft/drone (unmanned or manned) flying at high altitudes is known as commercial satellite imaging. The major advantage of satellite imagery is that a satellite can be deliberately positioned (geo-static position) anywhere in the orbital space to take remote images of earth. Satellite and aerial imagery is also commonly known as remote sensing. In aerial imagery, photographs of earth are taken with the help of hand held (on an aircraft/drone) or mounted camera through remote triggering or by a photographer. Satellite imaging involves extensive variety of sensors, cameras and instruments that are installed on satellites revolving around the earth.

The global commercial satellite imaging market can be categorized on the basis of applications, industry verticals and geography. On the basis of applications, the global commercial satellite imaging market can be divided into energy, geospatial technology, construction and development, disaster response management, conservation & research, natural resources management, media and entertainment and defense and intelligence. Based on industry vertical, the global market for commercial satellite imaging has been classified into government, commercial enterprises, civil engineering industry, military, forestry and agriculture, energy sectors, and insurance.

Satellite imaging technology has immense influence on the decision making process in almost all socioeconomic and business activities. The technology has moved from predominantly defense and government uses to a variety of commercial and environmental analysis applications. In remote, inaccessible or tightly controlled areas such as Burma and Sri Lanka, imagery is particularly useful for assessing forced displacement, extent of violent conflict and other human rights concerns.

Insurance, real estate and city planning and fleet management are emerging as potential commercial applications for commercial satellite imaging market. The increased demand for applications such as oil and gas (energy) sector management and natural resource management play a major role in driving the global commercial satellite imaging market.

Get More Information Visit : P&S Market Research

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