What is the global market size of Satellite Data Services Market?

Global Satellite Data Services Market size was valued at USD 6.58 billion in 2021 and is poised to grow from USD 7.86 billion in 2022 to USD 27.36 billion by 2030, at a CAGR of 19.50% during the forecast period (2023-2030).

Who are the key vendors in the Global Satellite Data Services Market?

International organizations have begun working with governmental and non-governmental organizations to create satellites that provide ultra-high-resolution SAR imaging, which aids in improved decision making. By providing satellite imaging data, which is routinely recorded at a worldwide scale and gives photos at increasingly relevant resolutions, new competitors like Planet Labs, Inc. and UrtheCast are upending the market. 'DigitalGlobe (United States)', 'GeoOptics (United States)', 'Airbus Defence and Space (France)', 'GeoIQ (United States)', 'ImageSat International (Israel)', 'Planet Labs (United States)', 'BlackSky Global (United States)', 'UrtheCast (Canada)', 'Spire Global (United States)', 'Skybox Imaging (United States)', 'Deimos Imaging (Spain)', 'Earth-i (United Kingdom)', 'Satellogic (Argentina)', 'GHGSat (Canada)', 'Iceye (Finland)', 'Orbital Insight (United States)', 'Capella Space (United States)', 'Satellite Imaging Corporation (United States)', 'SpaceKnow (United States)', 'GomSpace (Denmark)', 'Scanex (Russia)', 'Twenty First Century Aerospace Technology (China)'.

What is the key market trend for Global Satellite Data Services Market?

Earth observation constellations comprise a network of satellites working together to capture comprehensive and frequent imagery of the Earth's surface. Companies are deploying constellations of satellites to provide near-real-time and high-resolution data for various applications. The trend towards Earth observation constellations enables enhanced coverage, improved revisit times, and enables faster data acquisition for satellite data services.

Satellite Data Services Market Size, Share, Growth Analysis, By Deployment(Public Cloud, Private Cloud, Hybrid Cloud), By Service(Image Data (Spatial {Very high resolution, High resolution, Medium-low resolution}, Spectral), By Vertical(Energy & Power (Mining and Mineral Exploration, Oil & Gas Operation {Pipeline and transmission survey}, Renewable Energy Sources {Wind energy, Solar energy), By End Use(Government & Military (National Space Agencies, Departments of Defense, National Security Agencies, Academic and Research Institutions), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2140 | Region: Global | Published Date: September, 2024
Pages: 197 | Tables: 59 | Figures: 77

Satellite Data Services Market News

In September 2023, in an article of SPACENEWS, Phillepe Pham said that the growing need to tackle climate change presents a transformational growth opportunity for the Earth observation industry, executives from an international mix of companies in this market.
In August 2023, city-based space sector start-up GalaxEye Space Solutions Pvt Ltd claimed it has developed a drone based synthetic aperture radar (SAR).
In June 2023, CEYE's Four New Generation 3 Satellites Launch with SpaceX's Transporter-8, Introducing High-Resolution Spot Fine Image Product.
In March 2023, Planet Labs announced the launch of its new constellation of 210 Dove satellites. The new constellation will provide high-resolution imagery of the Earth every day.
In February 2023, Airbus Defense and Space announced the launch of its new Earth observation satellite, Sentinel-6 Michael Freilich. The satellite will collect data on sea level rise and ocean health.
In January 2023, Maxar Technologies announced the acquisition of Digital Globe. The acquisition will create a leading provider of commercial satellite imagery and geospatial data.

Satellite Data Services Market Report Snapshots

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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).

International organizations have begun working with governmental and non-governmental organizations to create satellites that provide ultra-high-resolution SAR imaging, which aids in improved decision making. By providing satellite imaging data, which is routinely recorded at a worldwide scale and gives photos at increasingly relevant resolutions, new competitors like Planet Labs, Inc. and UrtheCast are upending the market. 'Airbus (France) ', 'Maxar Technologies (US) ', 'L3Harris Technologies, Inc. (US) ', 'Planet Labs, PBC (US) ', 'ICEYE (Finland) ', 'Ursa Space Systems, Inc (US) ', 'Satpalda (India) ', 'Earth-i Ltd. (UK) ', 'ImageSat International (ISI) (Israel) ', 'Ceinsys Tech Ltd. (India) ', 'East View Geospatial, Inc (US) ', 'Trimble Inc. (US) ', 'Spectir (US) ', 'GISAT S.R.O. (Czech Republic) ', 'PlanetObserver (France) ', 'BlackSky (US) ', 'ESRI (US) ', 'RMSI (India) ', 'Orbital Insight (US) ', 'Spire Global (US) ', 'Birdi Ltd. (US) ', 'Descartes Labs, Inc (US) ', 'Satelytics (US) ', 'Apollo Mapping (US) ', 'Pixxel Mapping (India) ', 'HERE Technologies (Netherlands) '

The demand for satellite data services is driven by the growing need for Earth observation and remote sensing applications. Satellite imagery and data provide valuable insights into various aspects such as environmental monitoring, agriculture, urban planning, disaster management, and natural resource exploration. Governments, research institutions, and industries rely on satellite data to make informed decisions and monitor changes in the Earth's surface.

With the highest market share and a CAGR of 19.6%, North America will continue to dominate the industry. The deployment of commercial satellites, which is expected to spur future expansion in satellite data services, is being made possible thanks to significant investments from a number of regional governments. North America is predicted to have the highest and earliest adoption of commercial satellite imaging across a wide range of businesses, as well as sophisticated space project infrastructure. Furthermore, the North American sector has a sizable window of opportunity due to increased concerns about satellite-based surveillance.

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