Commercial Satellite Imaging Market Global Industry Size, Share, Trends, Opportunity and Forecast, 2024 | TechSci Research
The global Commercial Satellite Imaging Market size is projected to cross USD 5.0 billion by 2024, growing at a CAGR of over 10% during the forecast period. The commercial satellite imaging market is growing mainly due to the market growth can be mainly attributed to advancements in satellite imagery technologies and expansion of geospatial information analytics capabilities. Moreover, the increasing adoption of location-based services (LBS) in various sectors, including transportation, defense & intelligence, manufacturing, telecommunication, energy supplements and e-retailing is bolstering the growth of the commercial satellite imaging industry. In terms of technology, the market for commercial satellite imaging is categorized into Optical technology and Radar technology. The market for optical technology type accounted for majority of the market share in 2017, while the market for radar technology type is projected to witness the fastest growth during the forecast period. ...