Commercial Satellite Imaging Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

The market for commercial satellite imaging generated US$ 5.2 billion in 2021 and is anticipated to grow by 11.5% year over year to reach US$ 5.8 billion in 2022. The industry is anticipated to increase to US$ 12.4 billion by 2032 as a result of the increasing assistance from various governmental organizations. During the forecast period, a 7.9% CAGR is expected in the trade.

The increasing importance of satellite imaging has encouraged the government of many nations to invest in the industry, which will likely benefit the market. For instance, the Australian government provided USD 260 million to support the development of satellite technology and the creation of jobs. Similar to this, Black Sky, a well-known geospatial intelligence participant, said that it has secured a US$ 50 million loan from Intelsat, the global satellite technology leader, to finance them

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