Commercial Satellite Imaging
Commercial Satellite Imaging Market Forecasts to 2030 - Global Analysis By Technology (Optical, Radar and Other Technologies), Application (Geospatial Data Acquisition and Mapping, Urban Planning and Development, Disaster Management, Energy and Natural Resource Management, Surveillance and Security, Defense and Intelligence and Other Applications), End User and by Geography
According to Stratistics MRC, the Global Commercial Satellite Imaging Market is accounted for $4.25 billion in 2024 and is expected to reach $9.09 billion by 2030 growing at a CAGR of 13.5% during the forecast period. Urban planning and agriculture are two industries that have greatly benefited from commercial satellite imaging. These cutting-edge satellites take detailed pictures of the Earth's surface, giving governments and corporation’s alike access to vital information. Moreover, strategic planning and well-informed decision-making are made possible by the detailed imagery, which can be used for tracking environmental changes, evaluating infrastructure development, or monitoring crop health.
According to the National Geospatial-Intelligence Agency (NGA), commercial satellite imaging has become integral to global security and decision-making processes, offering unparalleled insights into environmental, economic, and geopolitical developments worldwide.
Market Dynamics:
Driver:
Growing need for geographic information
A growing number of industries, including transportation, natural resource management, and urban planning, are in need of geospatial data. Both the public and private sectors utilize satellite imagery for thorough mapping, planning land uses, and building infrastructure. Additionally, when it comes to planning transportation systems, urban growth, and environmental preservation initiatives, this information is essential.
Restraint:
Price of services and data via satellite
The price of satellite data and services includes all associated costs, including those for data processing, distribution, and storage, in addition to the original cost of imagery acquisition. Particularly costly can be high-resolution satellite imagery, which is frequently needed for in-depth analysis. Furthermore, the requirement for specialized software tools and analytics drives up the total cost, rendering it unaffordable for startups and smaller businesses with tighter budgets.
Opportunity:
Technological developments in satellite
Significant chances for innovation and market expansion are presented by the ongoing developments in satellite technology. The quality and diversity of satellite imagery are improved by advancements in spectral bands, spatial resolution, and sensor capabilities. Moreover, the development of small satellite constellations, the miniaturization of satellite components, and the progress made in propulsion systems allow for flexible and economical satellite deployment.
Threat:
Strong rivalry and pricing pressure
The proliferation of satellite operators and service providers has increased competition in the commercial satellite imaging market. Strong competition, especially for entry-level satellite imaging services, can result in pricing wars and pressure on profit margins to decline. Additionally, in order to sustain their market position and profitability, both new and established players must set themselves apart through technological innovation, value-added services, and strategic alliances.
Covid-19 Impact:
There were several ways in which the COVID-19 pandemic affected the market for commercial satellite imaging. The initial disruptions to satellite launch schedules, supply chains for satellite components, and project timelines caused by the global economic slowdown and travel restrictions resulted in delays in satellite deployments and upgrades. Reduced project funding and government budgets also had an impact on demand from industries like infrastructure and defense. However, the pandemic also brought attention to how crucial satellite data is for remote monitoring and disaster relief, which raised the demand for satellite imaging services in industries like environmental monitoring, urban planning, and agriculture.
The Optical segment is expected to be the largest during the forecast period
The optical imaging segment holds the largest market share in commercial satellite imaging. Optical satellites use visible light and different electromagnetic spectrums to collect imagery, providing high-resolution pictures appropriate for disaster relief, urban planning, agriculture, and environmental monitoring. In order to provide accurate spatial resolution and detailed color information, these satellites need sunlight to illuminate their targets. Moreover, when situations call for sharp vision and the capacity to discern minute objects on the surface of the Earth, optical imaging is the method of choice.
The Government segment is expected to have the highest CAGR during the forecast period
In the commercial satellite imaging market, the government sector usually shows the highest CAGR. Applications for satellite imaging by government organizations include border surveillance, infrastructure planning, disaster management, and environmental monitoring. The need for precise and current spatial data to facilitate decision-making and improve operational efficiencies is what drives demand in this industry. Additionally, governments are using satellite imagery more frequently to address a range of issues and enhance the provision of public services as a result of developments in data analytics and satellite technology.
Region with largest share:
The commercial satellite imaging market is dominated by North America. The reasons for this dominance are as follows: there are large satellite imaging companies; there is a robust commercial sector that requires high-resolution imagery for a variety of applications such as agriculture, environmental monitoring, urban planning, and disaster management; huge government investments are made in defence and intelligence applications; and there is advanced technological infrastructure. Furthermore, high levels of satellite imaging technology research and development, robust regulatory frameworks supporting satellite operations, and an established space industry ecosystem all benefit the area.
Region with highest CAGR:
The commercial satellite imaging market is growing at the highest CAGR in the European region. Strong government support for space programs, the existence of well-established satellite imaging companies, and the growing uptake of satellite-based solutions in a variety of industries, including agriculture, environmental monitoring, infrastructure development, and defense, are the main factors driving this growth. Moreover, to increase their capacity for satellite imaging, European nations like France, Germany, and the United Kingdom are encouraging public-private partnerships and making investments in cutting-edge satellite technologies.
Key players in the market
Some of the key players in Commercial Satellite Imaging market include Imagesat International N.V, European Space Imaging, Planet Labs Inc, Exelis, Inc., Blacksky Global LLC, Spaceknow, Maxar Technologies Inc, Urthecast Corp, DigitalGlobe, Inc., Harris Corporation, Telespazio, Galileo Group, Inc and Trimble Navigation Limited.
Key Developments:
In May 2024, Maxar Intelligence and Lockheed Martin will streamline the purchase and delivery of geospatial products for the F-35 fighter jet’s flight simulation and training platform under a new agreement. Maxar said the long-term agreement with Lockheed seeks to standardize licensing, pricing and requirements for its products, including Dynamic imagery basemaps and Precision3D Data Suite, as part of efforts to improve the F-35 Full Mission Simulator or FMS.
In April 2024, Planet Labs PBC has signed a multi-year data-license agreement with Carbon Mapper, Inc. to provide hyperspectral core imagery to the non-profit and its partners until 2030. The $20 million agreement is made possible by initial funding led by a major climate philanthropy.
In April 2024, a contract signed between ESA and Arianespace ensures a ride into orbit for the Smile mission on a Vega-C rocket. Smile is a collaboration between ESA and the Chinese Academy of Sciences (CAS). Standing for ‘Solar wind Magnetosphere Ionosphere Link Explorer’, its goal is to provide a more complete understanding of the interaction between the Sun and Earth. The launch is a major European contribution to the mission.
Technologies Covered:
• Optical
• Radar
• Other Technologies
Applications Covered:
• Geospatial Data Acquisition and Mapping
• Urban Planning and Development
• Disaster Management
• Energy and Natural Resource Management
• Surveillance and Security
• Defense and Intelligence
• Other Applications
End Users Covered:
• Government
• Military and Defence
• Forestry and Agriculture
• Energy and Power
• Civil Engineering and Archaeology
• Transportation and Logistics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Commercial Satellite Imaging Market, By Technology
5.1 Introduction
5.2 Optical
5.3 Radar
5.4 Other Technologies
6 Global Commercial Satellite Imaging Market, By Application
6.1 Introduction
6.2 Geospatial Data Acquisition and Mapping
6.3 Urban Planning and Development
6.4 Disaster Management
6.5 Energy and Natural Resource Management
6.6 Surveillance and Security
6.7 Defense and Intelligence
6.8 Other Applications
7 Global Commercial Satellite Imaging Market, By End User
7.1 Introduction
7.2 Government
7.3 Military and Defence
7.4 Forestry and Agriculture
7.5 Energy and Power
7.6 Civil Engineering and Archaeology
7.7 Transportation and Logistics
7.8 Other End Users
8 Global Commercial Satellite Imaging Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Imagesat International N.V
10.2 European Space Imaging
10.3 Planet Labs Inc
10.4 Exelis, Inc.
10.5 Blacksky Global LLC
10.6 Spaceknow
10.7 Maxar Technologies Inc
10.8 Urthecast Corp
10.9 DigitalGlobe, Inc.
10.10 Harris Corporation
10.11 Telespazio
10.12 Galileo Group, Inc
10.13 Trimble Navigation Limited
List of Tables
1 Global Commercial Satellite Imaging Market Outlook, By Region (2022-2030) ($MN)
2 Global Commercial Satellite Imaging Market Outlook, By Technology (2022-2030) ($MN)
3 Global Commercial Satellite Imaging Market Outlook, By Optical (2022-2030) ($MN)
4 Global Commercial Satellite Imaging Market Outlook, By Radar (2022-2030) ($MN)
5 Global Commercial Satellite Imaging Market Outlook, By Other Technologies (2022-2030) ($MN)
6 Global Commercial Satellite Imaging Market Outlook, By Application (2022-2030) ($MN)
7 Global Commercial Satellite Imaging Market Outlook, By Geospatial Data Acquisition and Mapping (2022-2030) ($MN)
8 Global Commercial Satellite Imaging Market Outlook, By Urban Planning and Development (2022-2030) ($MN)
9 Global Commercial Satellite Imaging Market Outlook, By Disaster Management (2022-2030) ($MN)
10 Global Commercial Satellite Imaging Market Outlook, By Energy and Natural Resource Management (2022-2030) ($MN)
11 Global Commercial Satellite Imaging Market Outlook, By Surveillance and Security (2022-2030) ($MN)
12 Global Commercial Satellite Imaging Market Outlook, By Defense and Intelligence (2022-2030) ($MN)
13 Global Commercial Satellite Imaging Market Outlook, By Other Applications (2022-2030) ($MN)
14 Global Commercial Satellite Imaging Market Outlook, By End User (2022-2030) ($MN)
15 Global Commercial Satellite Imaging Market Outlook, By Government (2022-2030) ($MN)
16 Global Commercial Satellite Imaging Market Outlook, By Military and Defence (2022-2030) ($MN)
17 Global Commercial Satellite Imaging Market Outlook, By Forestry and Agriculture (2022-2030) ($MN)
18 Global Commercial Satellite Imaging Market Outlook, By Energy and Power (2022-2030) ($MN)
19 Global Commercial Satellite Imaging Market Outlook, By Civil Engineering and Archaeology (2022-2030) ($MN)
20 Global Commercial Satellite Imaging Market Outlook, By Transportation and Logistics (2022-2030) ($MN)
21 Global Commercial Satellite Imaging Market Outlook, By Other End Users (2022-2030) ($MN)
22 North America Commercial Satellite Imaging Market Outlook, By Country (2022-2030) ($MN)
23 North America Commercial Satellite Imaging Market Outlook, By Technology (2022-2030) ($MN)
24 North America Commercial Satellite Imaging Market Outlook, By Optical (2022-2030) ($MN)
25 North America Commercial Satellite Imaging Market Outlook, By Radar (2022-2030) ($MN)
26 North America Commercial Satellite Imaging Market Outlook, By Other Technologies (2022-2030) ($MN)
27 North America Commercial Satellite Imaging Market Outlook, By Application (2022-2030) ($MN)
28 North America Commercial Satellite Imaging Market Outlook, By Geospatial Data Acquisition and Mapping (2022-2030) ($MN)
29 North America Commercial Satellite Imaging Market Outlook, By Urban Planning and Development (2022-2030) ($MN)
30 North America Commercial Satellite Imaging Market Outlook, By Disaster Management (2022-2030) ($MN)
31 North America Commercial Satellite Imaging Market Outlook, By Energy and Natural Resource Management (2022-2030) ($MN)
32 North America Commercial Satellite Imaging Market Outlook, By Surveillance and Security (2022-2030) ($MN)
33 North America Commercial Satellite Imaging Market Outlook, By Defense and Intelligence (2022-2030) ($MN)
34 North America Commercial Satellite Imaging Market Outlook, By Other Applications (2022-2030) ($MN)
35 North America Commercial Satellite Imaging Market Outlook, By End User (2022-2030) ($MN)
36 North America Commercial Satellite Imaging Market Outlook, By Government (2022-2030) ($MN)
37 North America Commercial Satellite Imaging Market Outlook, By Military and Defence (2022-2030) ($MN)
38 North America Commercial Satellite Imaging Market Outlook, By Forestry and Agriculture (2022-2030) ($MN)
39 North America Commercial Satellite Imaging Market Outlook, By Energy and Power (2022-2030) ($MN)
40 North America Commercial Satellite Imaging Market Outlook, By Civil Engineering and Archaeology (2022-2030) ($MN)
41 North America Commercial Satellite Imaging Market Outlook, By Transportation and Logistics (2022-2030) ($MN)
42 North America Commercial Satellite Imaging Market Outlook, By Other End Users (2022-2030) ($MN)
43 Europe Commercial Satellite Imaging Market Outlook, By Country (2022-2030) ($MN)
44 Europe Commercial Satellite Imaging Market Outlook, By Technology (2022-2030) ($MN)
45 Europe Commercial Satellite Imaging Market Outlook, By Optical (2022-2030) ($MN)
46 Europe Commercial Satellite Imaging Market Outlook, By Radar (2022-2030) ($MN)
47 Europe Commercial Satellite Imaging Market Outlook, By Other Technologies (2022-2030) ($MN)
48 Europe Commercial Satellite Imaging Market Outlook, By Application (2022-2030) ($MN)
49 Europe Commercial Satellite Imaging Market Outlook, By Geospatial Data Acquisition and Mapping (2022-2030) ($MN)
50 Europe Commercial Satellite Imaging Market Outlook, By Urban Planning and Development (2022-2030) ($MN)
51 Europe Commercial Satellite Imaging Market Outlook, By Disaster Management (2022-2030) ($MN)
52 Europe Commercial Satellite Imaging Market Outlook, By Energy and Natural Resource Management (2022-2030) ($MN)
53 Europe Commercial Satellite Imaging Market Outlook, By Surveillance and Security (2022-2030) ($MN)
54 Europe Commercial Satellite Imaging Market Outlook, By Defense and Intelligence (2022-2030) ($MN)
55 Europe Commercial Satellite Imaging Market Outlook, By Other Applications (2022-2030) ($MN)
56 Europe Commercial Satellite Imaging Market Outlook, By End User (2022-2030) ($MN)
57 Europe Commercial Satellite Imaging Market Outlook, By Government (2022-2030) ($MN)
58 Europe Commercial Satellite Imaging Market Outlook, By Military and Defence (2022-2030) ($MN)
59 Europe Commercial Satellite Imaging Market Outlook, By Forestry and Agriculture (2022-2030) ($MN)
60 Europe Commercial Satellite Imaging Market Outlook, By Energy and Power (2022-2030) ($MN)
61 Europe Commercial Satellite Imaging Market Outlook, By Civil Engineering and Archaeology (2022-2030) ($MN)
62 Europe Commercial Satellite Imaging Market Outlook, By Transportation and Logistics (2022-2030) ($MN)
63 Europe Commercial Satellite Imaging Market Outlook, By Other End Users (2022-2030) ($MN)
64 Asia Pacific Commercial Satellite Imaging Market Outlook, By Country (2022-2030) ($MN)
65 Asia Pacific Commercial Satellite Imaging Market Outlook, By Technology (2022-2030) ($MN)
66 Asia Pacific Commercial Satellite Imaging Market Outlook, By Optical (2022-2030) ($MN)
67 Asia Pacific Commercial Satellite Imaging Market Outlook, By Radar (2022-2030) ($MN)
68 Asia Pacific Commercial Satellite Imaging Market Outlook, By Other Technologies (2022-2030) ($MN)
69 Asia Pacific Commercial Satellite Imaging Market Outlook, By Application (2022-2030) ($MN)
70 Asia Pacific Commercial Satellite Imaging Market Outlook, By Geospatial Data Acquisition and Mapping (2022-2030) ($MN)
71 Asia Pacific Commercial Satellite Imaging Market Outlook, By Urban Planning and Development (2022-2030) ($MN)
72 Asia Pacific Commercial Satellite Imaging Market Outlook, By Disaster Management (2022-2030) ($MN)
73 Asia Pacific Commercial Satellite Imaging Market Outlook, By Energy and Natural Resource Management (2022-2030) ($MN)
74 Asia Pacific Commercial Satellite Imaging Market Outlook, By Surveillance and Security (2022-2030) ($MN)
75 Asia Pacific Commercial Satellite Imaging Market Outlook, By Defense and Intelligence (2022-2030) ($MN)
76 Asia Pacific Commercial Satellite Imaging Market Outlook, By Other Applications (2022-2030) ($MN)
77 Asia Pacific Commercial Satellite Imaging Market Outlook, By End User (2022-2030) ($MN)
78 Asia Pacific Commercial Satellite Imaging Market Outlook, By Government (2022-2030) ($MN)
79 Asia Pacific Commercial Satellite Imaging Market Outlook, By Military and Defence (2022-2030) ($MN)
80 Asia Pacific Commercial Satellite Imaging Market Outlook, By Forestry and Agriculture (2022-2030) ($MN)
81 Asia Pacific Commercial Satellite Imaging Market Outlook, By Energy and Power (2022-2030) ($MN)
82 Asia Pacific Commercial Satellite Imaging Market Outlook, By Civil Engineering and Archaeology (2022-2030) ($MN)
83 Asia Pacific Commercial Satellite Imaging Market Outlook, By Transportation and Logistics (2022-2030) ($MN)
84 Asia Pacific Commercial Satellite Imaging Market Outlook, By Other End Users (2022-2030) ($MN)
85 South America Commercial Satellite Imaging Market Outlook, By Country (2022-2030) ($MN)
86 South America Commercial Satellite Imaging Market Outlook, By Technology (2022-2030) ($MN)
87 South America Commercial Satellite Imaging Market Outlook, By Optical (2022-2030) ($MN)
88 South America Commercial Satellite Imaging Market Outlook, By Radar (2022-2030) ($MN)
89 South America Commercial Satellite Imaging Market Outlook, By Other Technologies (2022-2030) ($MN)
90 South America Commercial Satellite Imaging Market Outlook, By Application (2022-2030) ($MN)
91 South America Commercial Satellite Imaging Market Outlook, By Geospatial Data Acquisition and Mapping (2022-2030) ($MN)
92 South America Commercial Satellite Imaging Market Outlook, By Urban Planning and Development (2022-2030) ($MN)
93 South America Commercial Satellite Imaging Market Outlook, By Disaster Management (2022-2030) ($MN)
94 South America Commercial Satellite Imaging Market Outlook, By Energy and Natural Resource Management (2022-2030) ($MN)
95 South America Commercial Satellite Imaging Market Outlook, By Surveillance and Security (2022-2030) ($MN)
96 South America Commercial Satellite Imaging Market Outlook, By Defense and Intelligence (2022-2030) ($MN)
97 South America Commercial Satellite Imaging Market Outlook, By Other Applications (2022-2030) ($MN)
98 South America Commercial Satellite Imaging Market Outlook, By End User (2022-2030) ($MN)
99 South America Commercial Satellite Imaging Market Outlook, By Government (2022-2030) ($MN)
100 South America Commercial Satellite Imaging Market Outlook, By Military and Defence (2022-2030) ($MN)
101 South America Commercial Satellite Imaging Market Outlook, By Forestry and Agriculture (2022-2030) ($MN)
102 South America Commercial Satellite Imaging Market Outlook, By Energy and Power (2022-2030) ($MN)
103 South America Commercial Satellite Imaging Market Outlook, By Civil Engineering and Archaeology (2022-2030) ($MN)
104 South America Commercial Satellite Imaging Market Outlook, By Transportation and Logistics (2022-2030) ($MN)
105 South America Commercial Satellite Imaging Market Outlook, By Other End Users (2022-2030) ($MN)
106 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Country (2022-2030) ($MN)
107 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Technology (2022-2030) ($MN)
108 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Optical (2022-2030) ($MN)
109 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Radar (2022-2030) ($MN)
110 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Other Technologies (2022-2030) ($MN)
111 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Application (2022-2030) ($MN)
112 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Geospatial Data Acquisition and Mapping (2022-2030) ($MN)
113 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Urban Planning and Development (2022-2030) ($MN)
114 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Disaster Management (2022-2030) ($MN)
115 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Energy and Natural Resource Management (2022-2030) ($MN)
116 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Surveillance and Security (2022-2030) ($MN)
117 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Defense and Intelligence (2022-2030) ($MN)
118 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Other Applications (2022-2030) ($MN)
119 Middle East & Africa Commercial Satellite Imaging Market Outlook, By End User (2022-2030) ($MN)
120 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Government (2022-2030) ($MN)
121 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Military and Defence (2022-2030) ($MN)
122 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Forestry and Agriculture (2022-2030) ($MN)
123 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Energy and Power (2022-2030) ($MN)
124 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Civil Engineering and Archaeology (2022-2030) ($MN)
125 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Transportation and Logistics (2022-2030) ($MN)
126 Middle East & Africa Commercial Satellite Imaging Market Outlook, By Other End Users (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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