Satellite Data Service Market: Global Industry Analysis and Forecast (2024-2030)

Global Satellite Data Service Market size was valued at US$ 9.29 Bn. in 2023 and the total revenue is expected to grow at 23.5% (CAGR) through 2024 to 2030, reaching US$ 40.75 Bn.
Satellite Data Service Market Overview:
The satellite data service provides the information received by satellites revolving in their orbit about the earth and other planets in space. Earth observation is the major use of satellite data (EO). Remote sensing technologies such as Synthetic Aperture Radar (SAR) and Real Aperture Radar (RAR) create satellite data, which provides a reliable and timely data stream. Satellite data services transmit information on the earth’s surface, weather, chemistry, and biology.To know about the Research Methodology :- Request Free Sample Report
Satellite Data Service Market Scope:
This research report satellite data services market is segmented by vertical (energy & power, engineering & infrastructure, defence & security, environmental & weather, agriculture, maritime, forestry, transportation & logistics, insurance, academic and research, and others, end-use (government & military, commercial, service providers), by services (image data and data analytics), by deployment (public cloud, private cloud, hybrid cloud), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

The global market report provides detailed information regarding various insights and the industry statistics, growth drivers, restraints, competitive landscape, regional analyses and challenges. Changing trends and dynamics of the global satellite data service have been discussed in a detailed report. The information gathered in the report has been taken from several primary and secondary sources
Research Methodology:
Satellite data's primary benefit is reliable information about the Earth’s surface, weather, and other incidents. Primary data helps to identify long-term trends. The number of satellite data uses and offers several benefits on both a global and local scale. Environmental, defence & security, transportation & logistics, agricultural, forestry, infrastructure, insurance, and other verticals use satellite data services.

The research methodology used in the report involves various secondary sources such as Digital Globe, Airbus Defence & Space, ICEYE, Satellite Imaging Corporation, and LAND info. Interview with experts, suppliers, and consultants to understand future trends in space data service
Market Dynamics:
4D GIS software

4D GIS software with satellite data is expected to witness steady growth in the forecast period. Many industries are adopting 4D GIS because of its better communication and decision-making capability, it includes the use of advanced technology like location base services, AI, and big data analytics which are some of the key drivers.

GIS technology not only helps in virtualizing space across time but also predicts vulnerabilities to avoid disasters

Governments, health care, aerospace and defence, construction and others can take it as an input they can use 4D to predict and display events across time. For example, knowledge of any weather event's past behaviour could help find its outcomes in the current situation. Whereas other data like satellite imagery only shows the present situation.

Satellite internet latency is major restring factor in the satellite data service market

Satellite internet latency is major restring factor in the satellite data service market. Sometimes very slow data transfer by starlight data service due to slow speed and limited bandwidth because of the distance the signal has to travel and all potential obstacles. This can be a matter of only a second, but a delay on that scale can seriously affect real-time applications like video chats. global communications and minor weather changes can have a massive impact on both the speed and latency of satellite data.
Satellite Data Service Market Segment Analysis:
By Vertical; Agriculture has always been well suited to satellite service technology. Satellite data-driven farming technologies such as finding out about climate change. Because satellite image provides a more detailed and more accurate picture of any given field It highlights things across many different criteria, from crop type, crop health, fertiliser requirement, irrigation requirements and other problem areas. With images being taken and analysed at regular intervals, farmers can detect trouble areas.

By end-users; increased need for satellite data in various industry verticals such as energy & power, defence & intelligence, environmental, agricultural, transport & logistics, and others is projected to help the market grow. The use of satellite data in defence & intelligence provides several benefits such as border and control organisations, police and rescue forces, and military and intelligence services. Satellite data is used to monitor extensive geographical areas. it is especially valuable for the rapid assessment of damage in local battle zones. Satellites provide ideal random access disconnected address system and the possibility of quickly changing the group of communication networks and information about the emergency in the battle zone informing to higher headquarters, And the time of need makes the satellite communication system particularly attractive for defence use. The report discusses in detail the various military applications and recommends the different utilization of satellites that India could adopt for defence purposes.
Regional Insights:
North America is expected to dominate the satellite data service market during the forecast period due to the maximum number of investments in NASA and ongoing research studies. Increasing adoption of commercial satellite imaging across industries in the region also exists in infrastructure to the undertaken space program is boosting the market growth

The objective of the report is to present a comprehensive analysis of the Satellite Data Service Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Satellite Data Service Market dynamics, structure by analyzing the market segments and project the Satellite Data Service Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Satellite Data Service Market make the report investor’s guide.
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Satellite Data Service Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 9.29 Bn.


Forecast Period 2024 to 2030 CAGR:
23.5%
Market Size in 2030:
US $ 40.75 Bn.


 Segments Covered:
by Vertical
Energy & Power
Defense & Intelligence
Engineering & Infrastructure
Environmental
Agriculture
Maritime
Insurance
Transportation & Logistics


by End-Users
Commercial
Government & Military



Satellite Data Service Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Satellite Data Service Market Key Players are:
1. Airbus S.A.S.
2. East View Geospatial Inc.
3. ImageSat International (ISI)
4. L3Harris Technologies, Inc.
5. Maxar Technologies
6. Planet Labs Inc.
7. Satellite Imaging Corporation
8. SpecTIR LLC
9. Trimble Inc.
10.Ursa Space Systems Inc.
11.Satpalda Geospatial Services
12.Earth-I Ltd.
13.Land Info Worldwide Mapping
14.Imagesat International (ISI)
15.Ceinsys Tech Ltd.
16.East View Geospatial
17.Trimble Inc.
18.Spectir
19.Geospatial Intelligence Pyt. Ltd.
20.Gisat S.R.O.
21.Planetobserver
22.Bird.I Ltd.
23.Blacksky

Frequently Asked Questions:

1. What is the forecast period considered for the Satellite Data Service Market report?
Ans. The forecast period for the Satellite Data Service Market is 2024-2030.

2. Which key factors are hindering the growth of the Satellite Data Service Market?
Ans. Satellite internet latency is major restring factor in the satellite data service market.

3. What is the compound annual growth rate (CAGR) of the Satellite Data Service Market for the forecast period?
Ans. 23.5% is the compound annual growth rate of the satellite data service market for the forecast period.

4. What are the key factors driving the growth of the Satellite Data Service Market?
Ans. 4D GIS software with satellite data is expected to witness steady growth in the forecast period.

5. Which are the worldwide major key players covered for the Satellite Data Service Market report?
Ans. Airbus S.A.S., East View Geospatial Inc., ImageSat International (ISI), L3Harris Technologies, Inc., Maxar Technologies are the major key players for satellite data service.