The commercial satellite imaging market was valued at USD 3.09 billion in 2019 and is expected to reach USD 5.75 billion by 2025, witnessing a growth at a CAGR of 11.05% during the forecast period (2020 – 2025)

New York, April 09, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Commercial Satellite Imaging Market – Growth, Trends and Forecast (2020 – 2025)” – https://www.reportlinker.com/p05881450/?utm_source=GNW
The significance of satellite imaging prompted governmental organizations to support its growth. Various governments have been supporting the firms in the market studied, by investing in satellite imaging technologies. The Australian government invested in satellite technologies, and it spent USD 260 million for the development of satellite technology and creation of jobs in Australia. These factors are encouraging companies to develop improved solutions in the market studied. For instance, BlackSky, a geospatial intelligence company, announced that it secured a USD 50 million loan from the Intelsat satellite powerhouse, primarily to boost its nascent Earth observation constellation. The company also announced its plans to use this capital to build on its existing assets and alliances. The company primarily aims to incorporate access to Intelsat’s communications infrastructure to deliver its imaging and intelligence services across the world.Clare: clare@reportlinker.com
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