Italy Satellite Imagery Services Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.89 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Satellite Imagery Services Market Analysis
The Italy satellite imagery services market is valued at 81.0 million in the current year. It is expected to grow at a CAGR of 10.89% during the forecast period to become 135.9 million by the next five years. The Italy satellite imagery services market is driven by the increasing demand for satellite imagery services in disaster management, increasing support from the government to boost the space sector and the adoption of big data and analytics.
- The satellite imagery services market in Italy is in the developing stage and is expected to grow at a significant pace in the coming years owing to the growth in investments from the Italian government to boost the country's space economy coupled with increasing application of satellite imagery services in government as well as the private sector. Moreover, the increasing presence of major global and local market vendors is analyzed to proliferate the market growth in the coming years.
- Moreover, the government and the Italian space agency is making significant investment and policies to boost the country's space ecosystem, which is further acting as a driver for the growth of the satellite imagery services market in the country. For instance, the Italian space agency launched the "Italia Space Venture" Fund to support innovative entrepreneurial initiatives in space and aerospace sector, such as start-ups, university spin-offs, and innovative firms in the growth phase, and private venture capital funds dedicated to space.
- Further, the country is expected to increase the use of satellite imagery services in the coming years owing to the increasing growth in natural disasters such as floods, drought, and landslides. Satellite imagery services help government and disaster management officials assess the situation and quickly respond to the damages. Recently, the country witnessed floods, landslides, and draughts, which further necessitates using satellite imagery services for disaster management, energy sector exploration, environment changes, and management and monitoring of environmental changes.
- The use of high-resolution satellite images in various sectors for data-driven decisions and improved outcomes in multiple sectors, such as military and defense, agriculture, government, construction, etc., is further augmenting the growth of the satellite imagery services market in the country. The agriculture industry has been using satellite imaging techniques in agri-monitoring; the government in the country is using satellite imagery services to monitor various changes in land cover and extract meaningful insights to combat natural disasters properly. Such wide applications across sectors offer positive market growth in the coming years.
- The COVID-19 pandemic has significantly impacted satellite operations in the country with delayed launches of satellites, which impacted the satellite imagery services market in the country. Post-pandemic, the satellite imagery services market is witnessing significant growth owing to the boost to the space industry by the Italian government through the Italian government's National Plan for Recovery and Resilience and the increase in launches of satellites.
Italy Satellite Imagery Services Market Trends
Disaster Management Segment is Expected to Hold Significant Market Share
- The disaster management segment is expected to hold a significant share in the Italy satellite imagery services market owing to various benefits associated with the satellite imagery services to analyze and assess natural disasters in the country. Such factors are further expected to propel the demand for satellite imagery services for the disaster management application in the coming years, thus positively impacting the growth of the market.
- Additionally, floods and landslides are relatively widespread events in Italy, which might severely impact the resident population, thus driving the demand for satellite imagery services in disaster management applications. Moreover, satellite imagery services help disaster management officials interpret images of the damage for pre or post-disaster assessment.
- Moreover, the increasing risk due to climate change is driving the country's demand for satellite imagery services. The country is highly vulnerable to climate disasters, which makes it prone to floods and landslides. Satellite imagery services companies are helping the government review the aftermath of climate disasters in the country.
- Additionally, the country is currently witnessing growth in natural disasters such as floods and landslides, resulting in significant loss of human lives. Satellite imagery services can help emergency and disaster management officials with a wealth of information for assessing, analyzing, and monitoring natural disasters such as hurricanes, floods, landslides, and earthquakes in small and large regions around the country. For instance, according to Consiglio Nazionale delle Ricerche data, the number of people that lost their life in a landslide or flood in Italy in 2022 was the highest in a couple of years and amounted to 24.
Military and Defense Segment is Expected to Witness Substantial Traction
- High-Resolution satellite imagery offers substantial benefits to the military and defense sectors to monitor their infrastructure and effectively plan decisions by leveraging Valuable insights and advanced datasets for more informed decision-making through satellite imagery services. Moreover, the increasing military and defense spending in the country and ongoing advancements in the military sector are analyzed to drive the demand for satellite imagery services in the coming years.
- Further, satellite imagery is increasingly becoming crucial in military and defense operations, providing strategic advantages that have revolutionized national security. Satellite imagery services have opened new intelligence gathering, surveillance, and tactical decision-making possibilities. The High-resolution images captured by satellites can provide valuable information about enemy troop movements, military installations, and other strategic assets. Such benefits are analyzed to boost the adoption of satellite imagery services in the country's defense sector over the forecast period.
- Furthermore, growing military expenditure and defense budgets in Italy are analyzed to aid the market's growth under study. For instance, according to the data from NATO, the defense expenditure of Italy in 2022 is estimated to be USD 32,423 million. Such high budget expenditure in infrastructure, operations & maintenance, equipment, R&D, etc., is analyzed to create substantial growth opportunities for satellite imagery services in the defense sector over the forecast period.
- Moreover, as technology continues to advance with the use of advanced technologies such as AI Big data, satellite imagery's role in military and defense services will likely continue to grow in the coming years. Additionally, military sector-specific satellite imagery services from leading market players are analyzed to augment the growth of the market in the coming years.
Italy Satellite Imagery Services Industry Overview
The satellite imagery services market in Italy is fragmented, with many global and regional players operating in the market. Thales Alenia Space, Viasat Group SpA and, Maxar Technologies, e-GEOS are a few of the major market vendors operating in the market. Market vendors are focusing on new launches and partnership activities to enhance their market presence and market share in the Italy satellite imagery services market.
In May 2023, European Space Imaging (EUSI) and Maxar Technologies collected new satellite imagery that shows the aftermath of storm damage and flooding in the northern region of Emilia-Romagna, Italy. Through satellite imagery provided by the two firms, an extensive amount of silt and mud can be seen covering the streets and fields along the Montone River in Forli. and Lamone River in Faenza.
Italy Satellite Imagery Services Market Leaders
Thales Alenia Space
Viasat Group S.p.A
Airbus
Maxar Technologies
e-GEOS
*Disclaimer: Major Players sorted in no particular order
Italy Satellite Imagery Services Market News
- March 2023: Arianespace announced signing a contract with the European Space Agency (ESA), acting on behalf of the Italian government, for launching the IRIDE constellation of imaging satellites. The agreement includes two firm Vega C launches, starting in late 2025, with an option for a third. The Italian government funds the IRIDE constellation. It will consist of 36 satellites built by a consortium of Italian companies equipped with various imaging payloads, including optical and radar.
- October 2022: Europe's Copernicus Earth-observing mission Sentinel-2 satellite captured a striking satellite image of Italy's Stromboli volcano less than 5 hours after it erupted early on Oct. 9. The satellite image, processed in proper colors, shows lava pouring into the sea and vast plumes of ash and smoke rising above the volcano. The satellite images prompted the civil protection authorities in Italy to raise an orange alert due to enhanced volcano imbalance.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Investments to Strengthen Country's Space Economy
5.1.2 Adoption of Big Data and Imagery Analytics
5.2 Market Restraints
5.2.1 High Cost of Satellite Imaging Data Acquisition and Processing
6. MARKET SEGMENTATION
6.1 By Application
6.1.1 Geospatial Data Acquisition and Mapping
6.1.2 Natural Resource Management
6.1.3 Surveillance and Security
6.1.4 Conservation and Research
6.1.5 Disaster Management
6.1.6 Intelligence
6.2 By End-User
6.2.1 Government
6.2.2 Construction
6.2.3 Transportation and Logistics
6.2.4 Military and Defense
6.2.5 Forestry and Agriculture
6.2.6 Others
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Thales Alenia Space
7.1.2 Viasat Group S.p.A
7.1.3 Airbus
7.1.4 Maxar Technologies
7.1.5 e-GEOS
7.1.6 Geocento
7.1.7 EUSI
7.1.8 Planetek Italia s.r.l.
7.1.9 OHB-Italia S.p.A.
7.1.10 L3Harris Technologies
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Italy Satellite Imagery Services Industry Segmentation
Satellite imagery refers to images of the Earth taken from satellites orbiting the planet. These satellites are equipped with various sensors for detecting visible light, infrared light, microwave radiation, and more to craft high-resolution images. These images combine to create visual representations of the Earth, providing new perspectives on climate, geography, and manmade structures.
The Italy satellite imagery services market is segmented by application (geospatial data acquisition and mapping, natural resource management, surveillance and security, conservation and research, disaster management, and intelligence), by end-user (government, construction, transportation and logistics, military and defense, forestry and agriculture, and other end users). The market sizes and forecasts are provided in terms of value USD for all the above segments.
| By Application | |
| Geospatial Data Acquisition and Mapping | |
| Natural Resource Management | |
| Surveillance and Security | |
| Conservation and Research | |
| Disaster Management | |
| Intelligence |
| By End-User | |
| Government | |
| Construction | |
| Transportation and Logistics | |
| Military and Defense | |
| Forestry and Agriculture | |
| Others |
Frequently Asked Questions
What is the current Italy Satellite Imagery Services Market size?
The Italy Satellite Imagery Services Market is projected to register a CAGR of 10.89% during the forecast period (2024-2029)
Who are the key players in Italy Satellite Imagery Services Market?
Thales Alenia Space , Viasat Group S.p.A , Airbus, Maxar Technologies and e-GEOS are the major companies operating in the Italy Satellite Imagery Services Market.
What years does this Italy Satellite Imagery Services Market cover?
The report covers the Italy Satellite Imagery Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Satellite Imagery Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Satellite Imagery Services Industry Report
Statistics for the 2024 Italy Satellite Imagery Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Satellite Imagery Services analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
