Satellite Data Services Global Market Report 2024

Description

“Satellite Data Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on satellite data services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for satellite data services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The satellite data services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Administrative; Commercial; Scientific
2) By Service: Data Analytics; Image Data; Other Services
3) By Application: Energy and Power; Defense and Intelligence; Engineering and Infrastructure; Transportation and Logistics; Agriculture; Other Applications
Companies Mentioned: Airbus S. A. S.; East View Geospatial Inc.; ImageSat International; L3Harris Technologies Inc.; Maxar Technologies
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Satellite Data Services involve the collection of information about the Earth, obtained by artificial satellites in orbit. This data is utilized to provide insights into surface and weather changes on the planet. Imaging satellites play a crucial role in capturing images of the Earth or other celestial bodies, facilitating effective data monitoring, mapping, and contributing to the development of smart cities and connected vehicles.

The primary types of satellite data services are administrative, commercial, and scientific. Administrative satellite data services are instrumental in the efficient mapping and monitoring of Earth's resources, ecosystems, and events. These services encompass data analytics, image data, and other functionalities, applied in diverse sectors such as energy and power, defense and intelligence, engineering and infrastructure, agriculture, transportation and logistics, among others.

The satellite data services market research report is one of a series of new reports from The Business Research Company that provides satellite data services market statistics, including satellite data services industry global market size, regional shares, competitors with a satellite data services market share, detailed satellite data services market segments, market trends and opportunities, and any further data you may need to thrive in the satellite data services industry. This satellite data services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The satellite data services market size has grown rapidly in recent years. It will grow from $9. 07 billion in 2023 to $10. 8 billion in 2024 at a compound annual growth rate (CAGR) of 19. 0%. The growth observed in the historical period can be attributed to the increased demand for earth observation data, the emergence of small satellite constellations, improvements in disaster response and management capabilities, a growing demand for precision agriculture, and the commercialization of space activities.

The satellite data services market size is expected to see rapid growth in the next few years. It will grow to $22. 08 billion in 2028 at a compound annual growth rate (CAGR) of 19. 6%. The anticipated growth in the forecast period can be attributed to the increasing demand from the energy and power sectors, the expanding transportation and logistics sectors, and the growing insurance industry. Key trends expected in the forecast period encompass a rising demand for geospatial analytics, a focus on climate monitoring and environmental sustainability, integration with 5G networks, an increasing demand for Internet of Things (IoT) connectivity, and advancements in satellite imaging technologies.

The satellite data services market is poised for growth due to the increasing demand for satellite data across various industries. Satellite data serves various purposes, including guiding missiles and supporting military activities. Additionally, it provides critical information about changes in the Earth's surface and weather conditions. For instance, in May 2021, United Launch Alliance (ULA), a US-based rocket manufacturer, launched the fifth Space-Based Infrared System satellite for the U. S. Space Force. Equipped with onboard infrared sensors, this $1 billion satellite, constructed by Lockheed Martin, is designed to detect and track plumes generated by missile launches worldwide, enabling the U. S. to anticipate potential threats. The expanding need for satellite data in diverse industries is thus a driving force behind the growth of the satellite data services market.

Government support is expected to play a pivotal role in propelling the satellite data services market. Governments worldwide are recognizing the significance of satellite data in sectors such as agriculture, environmental monitoring, disaster management, and defense. They are implementing financial, regulatory, and policy measures to facilitate and promote the growth of satellite data services. An example is the Chinese government's announcement in May 2021 about plans to launch a mega constellation called 'Guowang' (GW), comprising 13,000 satellites to provide satellite-based internet services. Robust government initiatives are anticipated to contribute significantly to the growth of the satellite data services market.

A notable trend in the satellite data services market is the emergence of new product advancements. Major companies in the sector are actively developing innovative products to enhance their market positions. In March 2023, Chinese defense contractor CASIC (China Aerospace Science and Industry Corporation) prepared to launch the first satellite for a very low Earth orbit (VLEO) constellation. This constellation, consisting of 300 communications and remote-sensing satellites, aims to provide a global ultrafast response capability within 15 minutes, showcasing advancements in satellite technology.

Major companies in the satellite data services market are leveraging artificial intelligence (AI) and machine learning (ML) to optimize efficiency. These technologies enable enhanced data analysis, autonomous satellite navigation, and real-time decision-making, thereby optimizing mission efficiency and reducing operational costs. For example, BAE Systems, a British multinational arms, security, and aerospace company, developed Azalea, a cluster of four multi-sensor satellites using AI and ML for data analysis. The satellites collect optical, radar, and radio frequency (RF) data, which is then analyzed in orbit to deliver resulting intelligence securely worldwide.

In December 2021, Planet, a US-based provider of satellite imagery and geospatial solutions, acquired VanderSat for $28 million. This acquisition is expected to bring Planet a top-tier remote-sensing data science team, accounts in agriculture and insurance verticals, accelerate its software strategy, and expand its footprint in Europe. VanderSat, based in the Netherlands, specializes in providing satellite-observed data, products, and services with a focus on water and crops.

Major companies operating in the in the satellite data services market report are Airbus S. A. S., East View Geospatial Inc., ImageSat International, L3Harris Technologies Inc., Maxar Technologies, Ceinsys Tech Ltd., Earth-i Ltd., ICEYE, Planet Labs Inc., Satellite Imaging Corporation, Space Exploration Technologies Corp., SpecTIR LLC, Trimble Inc., Ursa Space Systems Inc., Birdi Ltd., BlackSky Technology, Capella Space, Descartes Labs, DigitalGlobe, Geospatial Intelligence Pty Ltd., Gisat S. R. O., Harris Geospatial Solutions, HawkEye 360, OmniEarth Inc., Orbital Insight, SATPALDA Geospatial Services, SatSure AG, Spire Global Inc., Terrafuse, EUMETSAT

North America was the largest region in the satellite data services market in 2023. The regions covered in the satellite data services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the satellite data services market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The satellite data services market includes revenues earned by entities by providing facts about the weather, chemistry, biology, the surface of the earth, and resources. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10568

1. Executive Summary

2. Satellite Data Services Market Characteristics

3. Satellite Data Services Market Trends And Strategies

4. Satellite Data Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Satellite Data Services Market Size and Growth

5.1. Global Satellite Data Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Satellite Data Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Satellite Data Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Satellite Data Services Market Segmentation

6.1. Global Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Administrative
Commercial
Scientific
6.2. Global Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Data Analytics
Image Data
Other Services
6.3. Global Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Energy and Power
Defense and Intelligence
Engineering and Infrastructure
Transportation and Logistics
Agriculture
Other Applications

7. Satellite Data Services Market Regional And Country Analysis

7.1. Global Satellite Data Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Satellite Data Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Satellite Data Services Market

8.1. Asia-Pacific Satellite Data Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Satellite Data Services Market

9.1. China Satellite Data Services Market Overview
9.2. China Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Satellite Data Services Market

10.1. India Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Satellite Data Services Market

11.1. Japan Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Satellite Data Services Market

12.1. Australia Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Satellite Data Services Market

13.1. Indonesia Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Satellite Data Services Market

14.1. South Korea Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Satellite Data Services Market

15.1. Western Europe Satellite Data Services Market Overview
15.2. Western Europe Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Satellite Data Services Market

16.1. UK Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Satellite Data Services Market

17.1. Germany Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Satellite Data Services Market

18. 5. France Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Satellite Data Services Market

19. 9. Italy Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Satellite Data Services Market

20.13. Spain Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Satellite Data Services Market

21.1. Eastern Europe Satellite Data Services Market Overview
21.2. Eastern Europe Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Satellite Data Services Market

22.1. Russia Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Satellite Data Services Market

23.1. North America Satellite Data Services Market Overview
23.2. North America Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Satellite Data Services Market

24.1. USA Satellite Data Services Market Overview
24.2. USA Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Satellite Data Services Market

25.1. Canada Satellite Data Services Market Overview
25.2. Canada Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Satellite Data Services Market

26.1. South America Satellite Data Services Market Overview
26.2. South America Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Satellite Data Services Market

27.1. Brazil Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Satellite Data Services Market

28.1. Middle East Satellite Data Services Market Overview
28.2. Middle East Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Satellite Data Services Market

29.1. Africa Satellite Data Services Market Overview
29.2. Africa Satellite Data Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Satellite Data Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Satellite Data Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Satellite Data Services Market Competitive Landscape And Company Profiles

30.1. Satellite Data Services Market Competitive Landscape
30.2. Satellite Data Services Market Company Profiles
- 30.2.1. Airbus S. A. S.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. East View Geospatial Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. ImageSat International
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. L3Harris Technologies Inc.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Maxar Technologies
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Satellite Data Services Market Competitive Benchmarking

32. Global Satellite Data Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Satellite Data Services Market

34. Satellite Data Services Market Future Outlook and Potential Analysis

34.1 Satellite Data Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Satellite Data Services Market In 2028 - Segments Offering Most New Opportunities
34. 3 Satellite Data Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer