Commercial Satellite Imaging Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Commercial Satellite Imaging Market is segmented by Application (Geospatial Data Acquisition & Mapping, Natural Resource Management, Surveillance & Security, Conservation & Research, Construction & Development, Disaster Management, Defense & Intelligence), End-user Vertical (Government, Construction, Transportation & Logistics, Military & Defense, Energy, Forestry & Agriculture), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.


Commercial Satellite Imaging Market Size

Commercial Satellite Imaging Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 11.84 %

Major Players

Commercial Satellite Imaging Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Commercial Satellite Imaging Market Analysis

The Commercial Satellite Imaging Market size was valued at USD 4,030.70 million in 2022, and is expected to reach USD 7,724.87 million by 2028, growing at a CAGR of 11.84% during the forecast period (2023-2028).

Images of the Earth taken by imaging satellites run by governments and companies worldwide are known as satellite images, sometimes known as Earth observation imagery, spaceborne photography, or simply satellite photos. Meteorology, oceanography, fisheries, agriculture, biodiversity protection, forestry, landscape, geology, cartography, regional planning, education, intelligence, and warfare are just a few fields where satellite photos are used.

  • The imaging method generates raw image data using optically equipped satellites. Since it is closer to the object, aeronautical imaging delivers a higher image resolution than satellite imaging. The most economical and greatest image resolution is provided by terrestrial imaging; however, it has geographical limitations. Because of their quick supply of image data and wide coverage, satellites are favored over other imaging techniques. Additionally, imaging services are economical once they are in orbit, supporting industry growth over time.
  • The increasing requirement for efficient monitoring of vast land areas is one of the key drivers for the commercial satellite market. The use of satellite imagery and data can provide detailed and accurate information about land use, vegetation, and other features, which can be used for a wide range of applications such as agriculture, urban planning, natural resource management, and environmental monitoring.
  • The rising smart city initiatives are also driving the commercial satellite market. Smart cities use various technologies, such as the Internet of Things (IoT) and satellite imagery, to collect and analyze data to improve citizens' quality of life and reduce the environmental impact of urban areas. Satellite imagery plays a key role in smart city initiatives by providing detailed and accurate information about the built environment, such as the location and condition of buildings, roads, and other infrastructure. This information can improve urban planning, transportation, and public services.
  • The availability of open-source data for various countries can challenge the commercial satellite imaging market. Open-source data refers to satellite imagery and other freely available data to the public, often provided by government agencies or organizations.
  • In the post-COVID-19 market, businesses and government organizations are preparing for an innovation shift since the restrictions are lifted to evaluate and modify their supply chains quickly. For instance, in May 2022, the European Space Agency (ESA), Japan Aerospace Exploration Agency (JAXA), and the National Aeronautics and Space Administration (NASA), an independent agency of the U.S. Federal Government that is in charge of the civilian space program as well as aeronautics and space research, announced that they had teamed up to use the combined scientific power of their earth-observing satellites to document global changes in the environment and human society.

Commercial Satellite Imaging Industry Segmentation

Commercial satellite imaging deals with capturing images of the earth through satellites, also knowns as earth observation, and utilizing these images for various applications. The satellite images are used for commercial purposes in environmental monitoring and management, security of energy resources; border surveillance; mapping of construction projects, etc.

The Commercial Satellite Imaging Market is segmented by Application (Geospatial Data Acquisition & Mapping, Natural Resource Management, Surveillance & Security, Conservation & Research, Construction & Development, Disaster Management, Defense & Intelligence), End-user Vertical (Government, Construction, Transportation & Logistics, Military & Defense, Energy, Forestry & Agriculture), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

By Application
Geospatial Data Acquisition and Mapping
Natural Resource Management
Surveillance and Security
Conservation and Research
Construction and Development
Disaster Management
Defense and Intelligence
By End-user Vertical
Transportation and Logistics
Military and Defense
Forestry and Agriculture
Other End-user Verticals
By Geography
North America
Asia Pacific
Latin America
Middle East and Africa

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Commercial Satellite Imaging Market Trends

This section covers the major market trends shaping the Commercial Satellite Imaging Market according to our research experts:

Military and Defense is Expected to Hold Significant Market Share

  • Military and defense applications are the most extensive end-user application of commercial satellite imagery. The segment's expansion is attributed to the security and surveillance activities, which are crucial functions of every defense organization. •Various nations have satellites circling the Earth, providing numerous functions. However, because of the security concerns of other countries, they usually have limited access to international airspace. In extreme circumstances, countries might execute shutter control laws that force satellites of foreign countries in regional airspace to turn off their photographic equipment.
  • Considering all these global government prohibitions, other parties often obtain geographical information regarding foreign nations. Governments can regulate the characteristics such as quality and clarity of commercially accessible images and impose a ban on a specific place. However, military agencies always tend to have backup plans.
  • Therefore, there is a massive diversity of geographical information that is principally customized to various customers' demands. With changes in satellite imagery (such as hyperspectral imaging), the commercial realm is progressively acquiring data that is only used for military purposes and the data modified for the general public.
  • Commercial imaging is vital to meeting the needs of both new security and intelligence concerns. This is due to countries' increased attention to evolving their military capabilities and dealing with terrorism threats worldwide. Commercial satellite firms offer vital data for defense and national security. Commercial aerospace has a substantial economic benefit as space becomes more accessible, but government-funded terrorist monitoring using satellite imagery is too expensive.
  • Growing military expenditure and defense budgets in most nations are anticipated to aid the growth of the market under study.
Commercial Satellite Imaging Market-Military Spending, In USD Million, Selected NATO Countries, 2022

Asia Pacific Expected to Register Fastest Growth

  • The Asia-Pacific market is expected to grow considerably throughout the forecast period. Increasing government initiatives for satellite imaging to entice global and domestic firms are other vital reasons for the region's market growth.
  • The ASEAN countries' developing commercial satellite business is affecting the worldwide commercial satellite imaging industry. The continuing expansion of High Throughput Satellite (HTS) technology is bringing new possibilities and capabilities in various APAC vertical areas.
  • For instance, in May 2022, The SuperView Neo-1 01 and 02 imaging satellites from China Siwei were successfully launched by a Long March rocket. They improved China Siwei's already-existing 50 cm resolution SuperView-1 constellation of satellites and offered 30 cm images to clients needing extra channels of extremely high-resolution imaging.
  • The region's end-user verticals are adopting new technologies at an exponentially expanding rate, which is bolstering the growth of the commercial satellite imaging market. Governments across the region are also investing in advanced technologies that are expected to shape the future of imaging satellites.
  • For instance, the Polar Satellite Launch Vehicle C-53, or PSLV C-53, of the Indian Space Research Organization, was launched from the Sriharikota, India spaceport carrying three Singaporean commercial satellites. The PSLV Orbital Experimental Module, also known as POEM DS-EO, includes an electro-optic, multi-spectral payload to satisfy the demands of humanitarian aid and disaster relief. This payload will give full-color images for land categorization.
Commercial Satellite Imaging Market - Growth Rate by Region

Commercial Satellite Imaging Industry Overview

The commercial satellite imaging market is highly fragmented, with the presence of major players like DigitalGlobe Inc., Galileo Group Inc., Planet Labs Inc., SpaceKnow Inc., and Skylab Analytics. among others. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In November 2022, Planet Labs PBC and Microsoft Corp. announced an expanded agreement to support African climate adaptation programs with artificial intelligence (AI) technologies and satellite data. Planet Labs PBC is a significant provider of daily Earth data and insights. This technological collaboration supports the formation of a related AI Innovation Council comprised of regional partners and nonprofits, as well as Microsoft's recently announced first global expansion of its AI for Good Labs into Nairobi, Kenya, and Cairo, Egypt. Data scientists in Africa would have access to Planet satellite imagery from all over the African continent as part of this program, which would support projects focusing on early warning systems and climate adaptation, which is the process of adjusting to the current or anticipated effects of climate change. The AI Innovation Council nominated these projects.

 In March 2022 - L3Harris Technologies and venture capital firm Shield Capital have formed a strategic partnership to foster emerging defense and commercial technologies that address customers' growing demand for innovative, agile solutions that can be fielded quickly. The agreement gives L3Harris access to disruptive innovators for technology transfer, teaming arrangements, direct investments or potential acquisitions, and partnered contracts. Working with Shield Capital is part of the company's strategy to leverage third-party capabilities and make calculated investments to address customers' most pressing and complex national security challenges.

Commercial Satellite Imaging Market Leaders

  1. DigitalGlobe Inc.

  2. Galileo Group Inc.

  3. Planet Labs Inc.

  4. SpaceKnow Inc.

  5. Skylab Analytics

*Disclaimer: Major Players sorted in no particular order

Commercial Satellite Imaging Market Concentration.jpg

Commercial Satellite Imaging Market News

  • December 2022: Maxar Technologies announced that Intelsat's Galaxy 35 and Galaxy 36 satellites are performing as expected following launch aboard an Ariane 5 rocket from Arianespace's launch facility in French Guiana. These two geostationary (GEO) satellites would allow Intelsat, the operator of the world's largest integrated satellite and terrestrial network and the leading provider of in-flight connectivity, to seamlessly transfer its services as part of the FCC's plan to reallocate portions of the C-band spectrum for 5G terrestrial wireless services.
  • December 2022: Accenture and Planet Labs collaborated on AI-Powered Geospatial-Intelligence tools for sustainability, traceable supply chain, and climate risk solutions. Accenture has entered into a collaboration agreement with Planet Labs through its Accenture Ventures Project Spotlight initiative to help power decision-making at organizations across a wide range of industries, including forestry, consumer packaged goods, agriculture, energy, and government. Accenture Ventures' Project Spotlight, an engagement and early investment program that connects emerging technology startups with the Global 2000 to fill strategic innovation gaps, is aligned with the collaboration with Planet.
  • November 2022: GeoOptics was awarded a contract to provide NASA with high-quality data from its radio occultation satellites for evaluation to determine their suitability for advancing NASA's science and application goals. The data would be available for NASA researchers looking into climate change, weather, space weather, and other applications.

Commercial Satellite Imaging Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter Five Forces

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of the Imapct of COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Requirement for Efficient Monitoring of Vast Land Areas

      2. 5.1.2 Rising Smart City Initiatives

      3. 5.1.3 Big Data and Imagery Analytics

    2. 5.2 Market Restraints

      1. 5.2.1 High-resolution Images Offered by Other Imaging Technologies

    3. 5.3 Market Challenges

      1. 5.3.1 Availability of Open-Source Data for Various Countries


    1. 6.1 By Application

      1. 6.1.1 Geospatial Data Acquisition and Mapping

      2. 6.1.2 Natural Resource Management

      3. 6.1.3 Surveillance and Security

      4. 6.1.4 Conservation and Research

      5. 6.1.5 Construction and Development

      6. 6.1.6 Disaster Management

      7. 6.1.7 Defense and Intelligence

    2. 6.2 By End-user Vertical

      1. 6.2.1 Government

      2. 6.2.2 Construction

      3. 6.2.3 Transportation and Logistics

      4. 6.2.4 Military and Defense

      5. 6.2.5 Energy

      6. 6.2.6 Forestry and Agriculture

      7. 6.2.7 Other End-user Verticals

    3. 6.3 By Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia Pacific

      4. 6.3.4 Latin America

      5. 6.3.5 Middle East and Africa


    1. 7.1 Company Profiles

      1. 7.1.1 DigitalGlobe Inc.

      2. 7.1.2 Galileo Group Inc.

      3. 7.1.3 Planet Labs Inc.

      4. 7.1.4 SpaceKnow Inc.

      5. 7.1.5 Skylab Analytics

      6. 7.1.6 L3Harris Corporation Inc.

      7. 7.1.7 BlackSky Global LLC

      8. 7.1.8 ImageSat International NV

      9. 7.1.9 European Space Imaging (EUSI) GmbH

      10. 7.1.10 UrtheCast Corp.

    2. *List Not Exhaustive


**Subject to Availability
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Commercial Satellite Imaging Market Research FAQs

The Commercial Satellite Imaging Market is studied from 2018 - 2028.

The Commercial Satellite Imaging Market is growing at a CAGR of 11.84% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2022.

DigitalGlobe Inc., Galileo Group Inc., Planet Labs Inc., SpaceKnow Inc., Skylab Analytics are the major companies operating in Commercial Satellite Imaging Market.

Commercial Satellite Imaging Industry Report

Statistics for the 2023 Commercial Satellite Imaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Satellite Imaging analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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