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Satellite Imaging Market Trends

  • Report ID: GMI8303
  • Published Date: Feb 2024
  • Report Format: PDF

Satellite Imaging Market Trends

The satellite imaging industry is witnessing a trend driven by the increasing exploration of wildlife scientific applications of satellite imagery. Researchers and conservationists leverage satellite technology for wildlife monitoring, habitat assessment, and biodiversity studies. The ability to capture detailed and real-time images aids in understanding ecosystems and tracking animal behaviors. As the demand for wildlife conservation efforts grows, the application of satellite imaging in scientific research contributes to a notable trend in the market, emphasizing its role in advancing ecological understanding and conservation initiatives.
 

To cite an instance, in January 2024, researchers made a significant discovery in the world of emperor penguins, unveiling four previously unknown colonies in Antarctica. Satellite imagery played a crucial role, revealing these colonies and contributing approximately 5,700 pairs to the estimated emperor penguin population. The findings were published in Antarctic Science. Scientists closely monitor the penguins using satellite imagery, as their distinctive brown guano contrasts against the bright Antarctic landscape. Additionally, satellites help track the penguins' search for new breeding grounds amid diminishing sea ice. This discovery underscored the valuable role of technology in wildlife research and conservation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for satellite imaging reached USD 4.2 billion in revenue in 2023 and is estimated to expand at over 11% CAGR between 2024 and 2032 as governments and disaster response agencies are increasingly relying on satellite technology for real-time monitoring, assessing damages, and planning efficient relief efforts.

Satellite imaging from the commercial segment accounted for over 35% revenue share in 2023 and is estimated to record substantial growth through 2032 owing to the growing demand across industries such as agriculture, construction, and telecommunications.

North America industry for satellite imaging accounted for 39% revenue share in 2023 and is estimated to expand at a robust growth rate through 2032 owing to the rising demand across diverse sectors, including agriculture, defense, and environmental monitoring across the region.

Some of the top firms engaged in the satellite imaging market are Airbus SE, BlackSky Technologies Inc., Capella Space, Deimos Imaging, European Space Imaging (EUSI) GmbH, ImageSat International NV, L3Harris Corporation Inc., Maxar Technologies Inc., Planet Labs Inc., Satellogic, and Telespazio.

Satellite Imaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 200
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