Satellite Data Services Market Size, Share, Growth Analysis, By Deployment, By Service, By Vertical, By End Use, By Region

Description

Global Satellite Data Services Market size was valued at USD 7.85 billion in 2022 and is poised to grow from USD 9.39 billion in 2023 to USD 39.06 billion by 2031, growing at a CAGR of 19.50% during the forecast period (2024-2031).

Artificial satellite services play a crucial role in gathering data about Earth, providing insights into the planet's surface and weather conditions. Imaging satellites capture detailed photographs of Earth and other celestial bodies, which are utilized for various commercial purposes. These applications of satellite imagery include environmental monitoring, energy resource management, border surveillance, and construction project mapping. Earth photography is vital for tasks such as topographical mapping, disaster response, environmental assessment, traffic management, and infrastructure development. The satellite data services market is anticipated to grow due to rising demand for Earth observation satellites, increased privatization within the space industry, and a surge in satellite data needs across different sectors. Governments have also contributed to the sector's growth by advancing satellite and navigation systems. For example, in October 2022, the U.S. Space Force outlined future standards for commercial satellite communications, aiming to guide suppliers in preparing for upcoming procurement opportunities. This initiative is expected to generate contracts worth between USD 620 million and USD 630 million over five years. Despite these growth prospects, the market faces challenges such as stringent regulations on satellite deployment and a shortage of specialized launch vehicles for small satellites. However, the market is likely to benefit from the growing adoption of artificial intelligence (AI) and machine learning (ML), which are anticipated to open new avenues for satellite data services.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Satellite Data Services market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Satellite Data Services Market Segmental Analysis

Global Satellite Data Services Market is segmented based on Vertical, Service, End Use, Deployment. Based on Service, the market is segmented into Data Analytics and Image Data. Based on Deployment, the market is segmented into public cloud, private cloud and hybrid cloud. Based on Vertical, the market is segmented into Energy & Power, Engineering & Infrastructure, Defense & Security, Environmental & Weather, Agriculture, Maritime, Forestry, Transportation & Logistics, Insurance, Academic & Research, and Others. Based on End Use, the market is segmented into Commercial, Government and Military, Service providers and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Satellite Data Services Market

The growing use of location-based services (LBS) in industries such as transportation, logistics, and mobile applications is significantly boosting the demand for satellite data services. LBS applications depend on precise positioning data from satellite systems, including GPS, to deliver functionalities such as navigation, fleet management, asset tracking, and location-based marketing. As LBS becomes more prevalent across these sectors, the need for accurate satellite data services is also rising. The integration of LBS into diverse industries drives the expansion of satellite data services. With applications ranging from real-time navigation to sophisticated fleet management and targeted marketing, the reliance on satellite-based positioning data is increasing. This heightened demand underscores the growing importance of satellite data services in supporting and enhancing LBS applications across various fields.

Restraints in the Global Satellite Data Services Market

Although satellite data services offer extensive global coverage, there are still limitations when it comes to accessing remote or hard-to-reach areas. Challenges such as obstructed line of sight, rugged terrain, and adverse weather conditions can impact the availability and reliability of satellite data in these regions. Consequently, certain remote or underdeveloped areas may experience reduced service quality and access difficulties.

Market Trends of the Global Satellite Data Services Market

Earth observation constellations consist of networks of satellites operating collaboratively to capture detailed and frequent imagery of the Earth's surface. By deploying these constellations, companies can deliver near-real-time, high-resolution data across a variety of applications. This trend enhances overall coverage, improves revisit intervals, and accelerates data acquisition for satellite data services. The use of Earth observation constellations allows for more comprehensive monitoring and faster data retrieval compared to single-satellite systems. This advancement supports a wide range of uses, including environmental monitoring, disaster response, and resource management, by providing more frequent and detailed observations of the planet.

Product Code: SQMIG45J2140

Introduction

Objectives of the Study
Definitions
Market Scope

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Executive Summary

Market Overview Outlook
Supply Demand Trend Analysis
Segmental Opportunity Analysis

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers

Key Market Insights

Key Success Factors of The Market
Degree Of Competition
Top Investment Pockets
Market Attractive Index
Ecosystem Mapping
Pricing Analysis
Value Chain Analysis
Use Cases Analysis

Satellite data service market by Deployment

Market Overview
Public Cloud
Private Cloud
Hybrid cloud

Satellite data service market by Service

Market Overview
Image data
- Spatial
- Very high resolution
- High resolution
- Medium-low resolution
- Temporal
- Spectral
- Radiometric
Data Analytics
- Image Data Processing
- Pan-sharpening
- Orthorectification
- Mosaicking
- Cloud patching
- Aerial triangulation
- Feature Extraction
- Digital Models
- Digital Terrain Model (DTM)
- Digital Surface Model (DSM)
- Digital Elevation Model (DEM)
- Classifications
- Land cover and change detection

Satellite data service market by Vertical

Market Overview
Energy & Power
- Mining and Mineral Exploration
- Oil & Gas Operation
- Renewable Energy Sources
- Wind energy
- Solar energy
- Hydroelectric power
- Other
- Utility
- Powerline management
- Underground utility monitoring
Engineering & Infrastructure
- Land & Urban Management
- 3D urban and terrain modeling (DTM)
- Industrial And Asset Mapping
- GIS integrated LiDAR mapping
Defense & Security
- Surveillance
- Critical Infrastructure Protection
- Crime Mapping
- Monitoring Of Airfields
Environmental & Weather
- Global Climate Change
- Land Cover and Change Detection
- Air & Water Pollution
- Natural Disasters
- Weather Forecast
Agriculture
- Crop Type Identification
- Precision Farming
Maritime
- Port & Harbor Monitoring
- Coastal Management
- Search And Rescue
- Illegal Fishing Monitoring
Forestry
- Forest Cover Mapping
- Emergency Wildfire Monitoring
Transportation & Logistics
- Transportation Route Planning
- Transportation And Logistics Site Planning
- Traffic Management
Insurance
- Flood Monitoring
- Property Damage Estimation
Academic & Research
Others

Satellite data service market by End Use

Market Overview
Government & Military
- National Space Agencies
- Departments Of Defense
- National Security Agencies
- Academic And Research Institutions
- Departments Of Environment & Agriculture
- National Mapping & Topographic Agencies
- Others
Commercial
- Geological Companies
- Mapping And Cartographic Companies
- Mining, Oil, And Gas Companies
- Transport, Construction, And Infrastructure Companies
- Satellite Operators/Owners
- Media And Entertainment
- Others
Service Providers

Satellite data service market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

Airbus (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Maxar Technologies (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
L3Harris Technologies, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Planet Labs, PBC (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ICEYE (Finland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ursa Space Systems, Inc (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Satpalda (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Earth-i Ltd. (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ImageSat International (ISI)(Israel)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ceinsys Tech Ltd. (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
East View Geospatial, Inc (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Trimble Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Spectir (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GISAT S.R.O. (Czech Republic)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PlanetObserver (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BlackSky (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ESRI (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
RMSI (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Orbital Insight (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Spire Global (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Birdi Ltd. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Descartes Labs, Inc (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Satelytics (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Apollo Mapping (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pixxel Mapping (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
HERE Technologies (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Satellite Data Services Market Size, Share, Growth Analysis, By Deployment, By Service, By Vertical, By End Use, By Region - Industry Forecast 2024-2031