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Commercial satellite imaging market to grow at a CAGR of 10.85% during 2018 to 2023 published by leading research firm

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In 2017, the commercial satellite imaging market was valued at USD 3.061 billion and is expected to reach a value of USD 5.68 billion by 2023, registering a CAGR of 10.85% during 2018-2023 (the forecast period).

The scope of this report is limited to the solutions offered by the various market players for natural resource management, geospatial data acquisition, security & surveillance, and disaster management, among others.

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The major market drivers have been the adoption of location-based services and the reduced costs of satellite imaging solutions. Further, the technological advancements, such as the launch of GPS satellites, remote sensing technology, cloud service, and high-resolution cameras, have created numerous opportunities for the growth of the commercial satellite imaging market.