Satellite Data Services Market

Satellite Data Services Market by Vertical (Engineering & Infrastructure, Defense & Security, Agriculture), End-Use (Government & Military, Commercial), Service (Image Data, Data Analytics), Deployment and Region - Global Forecast to 2028

Report Code: AS 7367 Feb, 2024, by marketsandmarkets.com

[350 Pages Report] The Satellite Data Services Market is projected to grow from USD 9.3 Billion in 2023 to USD 20.9 Billion by 2028, growing at a CAGR of 17.5 % from 2023 to 2028. Satellite Data Services (SDS) encompass a range of offerings that leverage satellite technology to collect, process, and disseminate data for various applications across industries. The Satellite Data Services (SDS) Industry is experiencing robust growth driven by advancements in satellite technology, increasing demand for real-time and high-resolution imagery, and the growing need for data-driven decision-making across industries. Innovations in satellite design, miniaturization, and data processing capabilities have enhanced the availability and quality of satellite data, expanding its utility across diverse sectors. As organizations seek to leverage satellite data for applications ranging from precision agriculture to urban planning, the SDS market presents lucrative opportunities for both established players and new entrants.

Satellite Data Services Market

Satellite Data Services Market

Satellite Data Services Market Forecast to 2028

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Satellite Data Services Market Dynamics

Driver: Significant Advancements in Geospatial Imagery Analytics With the Introduction of AI and Big Data Vehicles

In today's era, orbiting satellites are producing unprecedented amounts of data, leading operators to employ advanced processing techniques for swift and insightful analyses across multiple applications. Artificial intelligence (AI) is becoming essential within Earth observation (EO) satellites, especially in optical imagery, aiding businesses in improving efficiency and enabling faster and more meaningful data analysis. AI involves computer-based systems mimicking human intelligence to execute tasks rapidly and accurately. Deep learning, another aspect, allows computers to replicate human brain processes. The increasing frequency and volume of data collection pose a challenge for businesses worldwide, but modern satellites, priced at around $200,000, can transmit terabytes of Earth images daily. This vast data flow fuels numerous AI-driven applications, providing insights into global-scale economic, social, and industrial processes previously inaccessible. AI and deep learning enable machines to process gigabytes of satellite data and offer valuable insights. These technologies are revolutionizing various industries, including healthcare, finance, advertising, retail, manufacturing, and transportation. Satellite data service providers like DigitalGlobe (Maxar Technologies) and Planet Labs (US) extensively utilize AI and deep learning to automatically identify objects and patterns in large volumes of satellite imagery. Planet Labs' dedicated machine learning solution, Planet Analytics, employs algorithms for processing daily satellite imagery and detecting and classifying objects.

Restraints: Lack of Dedicated Small Satellite Launch Vehicles

Small satellites are carried as secondary payloads and do not have dedicated launch vehicles. As secondary payloads, their missions are restricted due to a lack of control over the launch schedule, price, and destination orbit of the vehicles. This is due to constraints on the volume and pressure of the stored propellant, majorly to protect the primary payload and requirement of antenna systems in the launch vehicle. This may restrict the launch of small satellite payloads in more suitable or favorable mission orbits. In addition, the primary payload needs to have a pre-programmed orbital velocity and be placed into a specified orbit, which tends to limit launch windows available for small satellite missions. This also limits the fulfillment of mission requirements of small satellites in some applications.

Hence, the viability of utilizing small satellites across diverse applications hinges on the accessibility of dependable launch vehicles equipped with a broad spectrum of performance capabilities. Nevertheless, existing launch vehicle capacities fall short of effectively covering the full scope of potential payloads.

Opportunities: Increased Government Investment in Space Agencies

The US government continues to invest in all facets of the small satellite (smallsat) ecosystem and is poised to sustain these investments, spanning both upstream and downstream sectors. This ongoing commitment is anticipated to have a favorable effect on the satellite data services market. Of particular note is the growing trend of other governments worldwide increasing their investments in smallsats, signaling an intriguing development with potential implications for the global satellite industry.

For many countries, government investments, generally in R&D and startups, are seen not only as a way to address societal challenges but also facilitate independence from imports, and eventually become a global provider of solutions in a sector such as space. Governments also recognize that they do not have a well-developed venture sector like the one in the US, and hence, provide venture capital (VC) funds.

Recently, Japan has initiated the cabinet-level Impulsing Paradigm Change through the Disruptive Technologies Program (IMPACT) program and the Innovation Network Corporation of Japan (INCJ) which have the potential to advance space startups.

Planet The Indian Space Research Organization (ISRO) launched its first military communication satellite in 2020, necessitating ground stations with secure and dependable communications capabilities. Galileo is a new generation of navigation satellites that the European Union is funding, and it requires ground stations that can receive and analyze its satellite signals. The US government also invests in every part of the smallsat ecosystem and will likely continue investing upstream and downstream. Governments worldwide have increased their investments in smallsats.

Challenges: Concern Over Space Debris

Space debris refers to the uncontrolled and undesired descent of non-functional space vehicles or fragments of any size to Earth. Since the inception of human space activities, the number of objects orbiting Earth has grown exponentially, particularly with the rise of small satellites. According to estimates from NASA and the European Space Agency, there are over 150 million objects orbiting between low Earth orbit (LEO) and geostationary Earth orbit (GEO), weighing more than 5,000 tons in total.

Small satellites, often deployed in densely populated orbits, pose a threat to the space environment. Typically launched alongside larger satellites, they lack the maneuverability needed to navigate these orbits. Their radar signatures are minimal, making them difficult to detect with space surveillance sensors. Additionally, space debris poses hazards to small satellites, potentially leading to further debris through collisions or system failures.

Concerns also extend to the impacts of space debris re-entering the atmosphere, as it is uncontrolled and may fall unpredictably. NASA and the US Department of Defense's Space Surveillance Network (SSN) estimate over 27,000 large debris items, approximately 23,000 objects larger than a softball, half a million pieces the size of a marble or larger, and around 100 million pieces one millimeter or larger. Micrometer-sized debris poses a particular challenge, with one piece falling daily on average. Addressing this issue remains a significant challenge for space agencies worldwide.

Satellite Data Services Market by Ecosystem

Based on the Vertical, the Agriculture Segment is Estimated to Lead the Satellite Data Services Market in 2023 With the Highest CAGR

Based on the vertical, Based on Vertical, the satellite data services market has been segmented into Energy & Power, Engineering & Infrastructure, Defense & Security, Environmental & Weather, Agriculture, Maritime, Forestry, Transportation & Logistic, Insurance, Academic & Research and Others. The agriculture segment is set to experience substantial growth with highest CAGR in the satellite data services market. With rising global population and food demand, farmers are increasingly turning to satellite data for precision agriculture solutions. Satellite imagery aids in monitoring crop health, optimizing resource allocation, and mitigating risks. As technology advances, including higher-resolution sensors and data analytics, satellite data services offer farmers valuable insights for improving productivity and sustainability. This growing demand for satellite data-driven solutions in agriculture is expected to drive significant market growth in the coming years.

Based on the End Use, the Commercial Segment is Estimated to Lead the Satellite Data Services Market in 2023 With Highest CAGR

The commercial segment is poised for remarkable growth in the satellite data services market. With increasing demand for geospatial information across diverse industries such as agriculture, energy, infrastructure, and environmental monitoring, commercial enterprises are leveraging satellite data services for a wide range of applications. These include mapping, urban planning, asset monitoring, and market intelligence. Moreover, advancements in satellite technology, including higher-resolution imaging and enhanced data analytics, are enabling more sophisticated and valuable insights for commercial users. As businesses recognize the competitive advantages offered by satellite data, the commercial segment is expected to experience substantial expansion in the satellite data services market.

Based on the Service, the Data Analytics Segment Dominates the Market & is Projected to Witness the Highest CAGR in 2023

Based on service, the satellite data services market has been segmented into Image Data and Data Analytics. The data analytics segment is further sub-segmented into image data processing, feature extraction, digital models, and classification. Processing higher-resolution imagery often generates considerable challenges for data analysis. The growing need for actionable insights across various industries is propelling the demand for advanced data analytics services. Satellite data, when coupled with sophisticated analytics tools, enables organizations to extract meaningful and actionable information for decision-making. Satellite data analytics play a vital role in monitoring environmental changes and assessing the impact of climate change. The ability to analyze trends in temperature, deforestation, and other environmental factors supports informed decision-making for sustainable resource management. The convergence of these drivers emphasizes the pivotal role of data analytics within the satellite data services market. As industries recognize the value of extracting actionable intelligence from satellite data, the demand for advanced analytics services is expected to drive significant growth in this segment.

The Asia-Pacific Market is Projected to Have the Largest Share in 2023 in the Satellite Data Services Market

Satellite Data Services Market
 by Region

Satellite Data Services Market by Region

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Based on Region, the satellite data services market has been segmented into North America, Europe, Asia Pacific, Middle East and Rest of the World (RoW). Asia-Pacific region seems to dominate the market in 2023. The Asia Pacific region is poised for significant growth in the satellite data services market, driven by several key factors. As the region experiences rapid economic development, urbanization, and technological advancement, there is an increasing demand for satellite data services across various industries and applications. Governments in Asia Pacific are investing heavily in space programs and satellite infrastructure to address diverse challenges, including environmental monitoring, disaster management, infrastructure development, and national security.

Furthermore, the growing adoption of satellite data services in sectors such as agriculture, forestry, urban planning, transportation, and telecommunications is fueling market expansion. The Asia Pacific region is home to a large and diverse population, presenting unique opportunities for satellite data applications in areas like precision agriculture, urban development, and digital connectivity.

Additionally, advancements in satellite technology, including the deployment of high-resolution imaging sensors, the miniaturization of satellites, and the emergence of satellite constellations, are driving innovation and enabling new applications for satellite data services in the region. Companies in Asia Pacific are also partnering with international satellite operators and technology providers to leverage their expertise and expand their market presence.

Overall, with its growing economy, technological advancements, and increasing demand for satellite data-driven solutions, the Asia Pacific region is poised to become a key driver of growth in the global satellite data services market.

Satellite Data Services Industry Companies: Top
Key Market Players

The Satellite Data Services Companies are dominated by a few globally established players such as, Airbus (France), Maxar Technologies (US), L3Harris Technologies, Inc (US), Planet Labs, PBC (US) and ICEYE (Finland) are the key manufacturers that secured satellite data services contracts in the last few years. The primary focus was given to the contracts and new product development due to the changing requirements of homeland security, and defense users across the world.

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Scope of the Report

Report Metric

Details

Estimated Market Size

USD 9.3 Billion in 2023

Projected Market Size

USD 20.9 Billion by 2028

Growth Rate

17.5%

Market Size Available for Years

2019–2028

Base Year Considered

2022

Forecast Period

2023-2028

Forecast Units

Value (USD Million/Billion)

Segments Covered

By Vertical, End-Use, Service, Deployment, and Region

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Rest of the world

Companies Covered

Airbus (France), Maxar Technologies (US), Northrop Grumman (US), L3Harris Technologies,Inc (US), Planet Labs, PBC (US), ICEYE (Finland), Trimble, Inc (US), Satellite Imaging Corporation(US), Spire Global are some of the major players in the satellite data services market. (29 Companies)

Satellite Data Services Market Highlights

The study categorizes the satellite data services market based on vertical, end-use, service, deployment, and region.

Segment

Subsegment

By Vertical

  • Energy & Power
    • Mining and Mineral Exploration
    • Oil & Gas Operation
    • Renewable Energy Sources
    • Utility
  • Engineering & Infrastructure
    • Land & Urban Management
    • Industrial And Asset 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 (Survey Waters, Detect Vessels, Track Activities, Track Oil Spills)
    • 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

By End Use

  • 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

By Service

  • Image Data
    • Spatial
    • Spectral
    • Temporal
    • Radiometric
  • Data Analytics
    • Image Data Processing
    • Feature Extraction
    • Digital Models
    • Classification

By Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the world

Recent Developments

  • In May 2023, Airbus secured a Geospatial Commission Earth observation data pilot contract to supply high resolution satellite imagery to UK public sector. Airbus will provide EO data to more than 100 users across up to 35 public sector organizations within the UK government, including complete mosaic coverage of the whole of the UK, with extremely low cloud cover and high quality pixels.
  • In May 2022, The National Reconnaissance Office announced it awarded Maxar Technologies 10-year contracts to provide satellite imagery for U.S. intelligence, defense and federal civil agencies.
  • In August 2022, Planet Labs, PBC announced that it was selected by two companies, SES Government Solutions and Telesat Government Solutions, to demonstrate real-time space-to-space connectivity solutions from LEO satellites to other in-space communication satellites operated by SES and Telesat for NASA’s Communication Services Project.

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TABLE OF CONTENTS
 
1 INTRODUCTION 
    1.1 OBJECTIVES OF STUDY 
    1.2 MARKET DEFINITION 
    1.3 MARKET SCOPE 
           1.3.1 SATELLITE DATA SERVICES MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 INCLUSIONS AND EXCLUSIONS 
    1.5 CURRENCY & PRICING 
           1.5.1 USD EXCHANGE RATE
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1.  RECESSION IMPACT  
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
           2.1.3 KEY PRIMARY SOURCES
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
    2.3 RESEARCH APPROACH AND METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
    2.4 RECESSION IMPACT ANALYSIS 
    2.5 TRIANGULATION AND VALIDATION 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RISKS ANALYSIS 
    2.8 LIMITATIONS 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 RECESSION IMPACT ANALYSIS 
    5.4 PRICING ANALYSIS 
           5.4.1 INDICATIVE PRICING ANALYSIS, BY SATELLITE INFRASTRUCTURE
           5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
    5.5 VALUE CHAIN ANALYSIS 
    5.6 MARKET ECOSYSTEM MAP 
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS 
    5.8 CASE STUDY ANALYSIS 
    5.9 TARIFF AND REGULATORY LANDSCAPE 
           5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1  KEY STAKEHOLDERS IN BUYING PROCESS
           5.10.2  BUYING CRITERIA
    5.11 TECHNOLOGY ANALYSIS 
    5.12 KEY CONFERENCES & EVENTS (2023-24)  
    5.13 OPERATIONAL DATA 
    5.14 INVESTMENT AND FUNDING SCENARIO 
 
6 INDUSTRY TRENDS 
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
    6.3 IMPACT OF MEGATRENDS 
    6.4 USE CASE ANALYSIS 
    6.5 TECHNOLOGY ROADMAP 
 
7 SATELLITE DATA SERVICES MARKET, BY VERTICAL 
    7.1 INTRODUCTION  
    7.2 ENERGY & POWER 
           7.2.1 MINING AND MINERAL EXPLORATION
           7.2.2 OIL & GAS OPERATION
                    7.2.2.1 Pipeline and transmission survey
                    7.2.2.2 Oil & gas exploration
           7.2.3 RENEWABLE ENERGY SOURCES
                    7.2.3.1 Wind energy
                    7.2.3.2 Solar energy
                    7.2.3.3 Hydroelectric power
                    7.2.3.4 Others
           7.2.4 UTILITY
                    7.2.4.1 Powerline management
                    7.2.4.2 Underground utility monitoring
    7.3 ENGINEERING & INFRASTRUCTURE 
           7.3.1 LAND & URBAN MANAGEMENT
                    7.3.1.1 3D urban and terrain modeling (DTM) 
           7.3.2 INDUSTRIAL AND ASSET MAPPING
                    7.3.2.1 GIS integrated LiDAR mapping
    7.4 DEFENSE & SECURITY 
           7.4.1 SURVEILLANCE
           7.4.2 CRITICAL INFRASTRUCTURE PROTECTION
           7.4.3 CRIME MAPPING
           7.4.4 MONITORING OF AIRFIELDS
    7.5 ENVIRONMENTAL & WEATHER 
           7.5.1 GLOBAL CLIMATE CHANGE
           7.5.2 LAND COVER AND CHANGE DETECTION
           7.5.3 AIR & WATER POLLUTION
           7.5.4 NATURAL DISASTERS
           7.5.5 WEATHER FORECAST
    7.6 AGRICULTURE 
           7.6.1 CROP TYPE IDENTIFICATION
           7.6.2 PRECISION FARMING
    7.7 MARITIME 
           7.7.1 PORT & HARBOR MONITORING
           7.7.2 COASTAL MANAGEMENT (SURVEY WATERS, DETECT VESSELS, TRACK ACTIVITIES, TRACK OIL SPILLS) 
           7.7.3 SEARCH AND RESCUE
           7.7.4 ILLEGAL FISHING MONITORING
    7.8 FORESTRY 
           7.8.1 FOREST COVER MAPPING
           7.8.2 EMERGENCY WILDFIRE MONITORING
    7.9 TRANSPORTATION & LOGISTICS 
           7.9.1 TRANSPORTATION ROUTE PLANNING
           7.9.2 TRANSPORTATION AND LOGISTICS SITE PLANNING
           7.9.3 TRAFFIC MANAGEMENT
    7.1 INSURANCE 
           7.10.1 FLOOD MONITORING
           7.10.2 PROPERTY DAMAGE ESTIMATION
    7.11 ACADEMIC AND RESEARCH 
    7.12 OTHERS 
 
8 SATELLITE DATA SERVICES MARKET, BY END USE 
    8.1 INTRODUCTION 
    8.2 GOVERNMENT & MILITARY 
           8.2.1 NATIONAL SPACE AGENCIES
           8.2.2 DEPARTMENTS OF DEFENSE
           8.2.3 NATIONAL SECURITY AGENCIES
           8.2.4 ACADEMIC AND RESEARCH INSTITUTIONS
           8.2.5 DEPARTMENTS OF ENVIRONMENT & AGRICULTURE
           8.2.6 NATIONAL MAPPING & TOPOGRAPHIC AGENCIES
           8.2.7 OTHERS
    8.3 COMMERCIAL 
           8.3.1 GEOLOGICAL COMPANIES
           8.3.2 MAPPING AND CARTOGRAPHIC COMPANIES
           8.3.3 MINING, OIL, AND GAS COMPANIES
           8.3.4 TRANSPORT, CONSTRUCTION, AND INFRASTRUCTURE COMPANIES
           8.3.5 SATELLITE OPERATORS/OWNERS
           8.3.6 MEDIA AND ENTERTAINMENT
           8.3.7 OTHERS
    8.4 SERVICE PROVIDERS 
 
9 SATELLITE DATA SERVICES MARKET, BY SERVICE 
    9.1 INTRODUCTION 
    9.2 IMAGE DATA 
           9.2.1 SPATIAL
                    9.2.1.1 Very high resolution
                    9.2.1.2 High resolution
                    9.2.1.3 Medium-low resolution
           9.2.2 SPECTRAL
           9.2.3 TEMPORAL
           9.2.4 RADIOMETRIC
    9.3 DATA ANALYTICS 
           9.3.1 IMAGE DATA PROCESSING
                    9.3.1.1 Pan-sharpening
                    9.3.1.2 Orthorectification
                    9.3.1.3 Mosaicking
                    9.3.1.4 Cloud patching
                    9.3.1.5 Aerial Triangulation
           9.3.2 FEATURE EXTRACTION
           9.3.3 DIGITAL MODELS
                    9.3.3.1 Digital Terrain Models (DTM) 
                    9.3.3.2 Digital Surface Models (DSM) 
                    9.3.3.3 Digital Elevation Models (DEM) 
           9.3.4 CLASSIFICATION
                    9.3.4.1 Object classification or identification
                    9.3.4.2 Land cover and change detection
 
10 SATELLITE DATA SERVICES MARKET, BY DEPLOYMENT 
     10.1 INTRODUCTION 
     10.2 PUBLIC CLOUD 
     10.3 PRIVATE CLOUD 
     10.4 HYBRID CLOUD 
 
11 REGIONAL ANALYSIS 
     11.1 INTRODUCTION 
     11.2 NORTH AMERICA 
             11.2.1 PESTLE ANALYSIS: NORTH AMERICA
             11.2.2  RECESSION IMPACT ANALYSIS: NORTH AMERICA
             11.2.3 US
             11.2.4 CANADA
     11.3 EUROPE 
             11.3.1 PESTLE ANALYSIS: EUROPE
             11.3.2  RECESSION IMPACT ANALYSIS: EUROPE
             11.3.3 RUSSIA
             11.3.4 GERMANY
             11.3.5 FRANCE
             11.3.6 UK
             11.3.7 NETHERLANDS
             11.3.8 SPAIN
             11.3.9 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 PESTLE ANALYSIS: ASIA PACIFIC
             11.4.2  RECESSION IMPACT ANALYSIS: ASIA PACIFIC
             11.4.3 CHINA
             11.4.4 AUSTRALIA
             11.4.5 INDIA
             11.4.6 JAPAN
             11.4.7 SOUTH KOREA
             11.4.8 SINGAPORE
     11.5 MIDDLE EAST 
             11.5.1 PESTLE ANALYSIS: MIDDLE EAST 
             11.5.2  RECESSION IMPACT ANALYSIS: MIDDLE EAST
             11.5.3 GCC COUNTRIES
                        11.5.3.1 UAE 
                        11.5.3.2 SAUDI ARABIA 
             11.5.4 REST OF MIDDLE EAST
     11.6 REST OF THE WORLD  
             11.6.1 PESTLE ANALYSIS:  REST OF THE WORLD
             11.6.2  RECESSION IMPACT ANALYSIS: REST OF THE WORLD
             11.6.3 LATIN AMERICA
             11.6.4 AFRICA
 
12 COMPETITIVE LANDSCAPE 
     12.1 INTRODUCTION 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
     12.3 MARKET SHARE ANALYSIS 
     12.4 REVENUE ANALYSIS 
     12.5 COMPANY EVALUATION MATRIX:KEY PLAYERS 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
             12.5.5 COMPANY FOOTPRINT
     12.6 START-UP/SME EVALUATION MATIRX: STARTUP/SMES 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
             12.6.5 COMPETITIVE BENCHMARKING
     12.7 COMPANY VALUATION AND FINANCIAL METRICS 
     12.8 COMPETITIVE SCENARIO 
             12.8.1 NEW PRODUCT LAUNCHES
             12.8.2 CONTRACTS
             12.8.3 AGREEMENTS, ACQUISITIONS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES
 
13 COMPANY PROFILES 
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
             13.2.1 AIRBUS
             13.2.2 MAXAR TECHNOLOGIES
             13.2.3 L3HARRIS TECHNOLGIES,INC 
             13.2.4 PLANET LABS, INC. 
             13.2.5 SATELLITE IMAGING CORPORATION
             13.2.6 ICEYE
             13.2.7 URSA SPACE SYSTEMS
             13.2.8 SATPALDA GEOSPATIAL SERVICES
             13.2.9 EARTH-I LTD. 
             13.2.10 LAND INFO WORLDWIDE MAPPING
             13.2.11 IMAGESAT INTERNATIONAL (ISI) 
             13.2.12 CEINSYS TECH LTD. 
             13.2.13 EAST VIEW GEOSPATIAL
             13.2.14 TRIMBLE INC. 
             13.2.15 SPECTIR
             13.2.16 GEOSPATIAL INTELLIGENCE PYT. LTY.
             13.2.17 GISAT S.R.O. 
             13.2.18 PLANETOBSERVER
             13.2.19 BLACKSKY
             13.2.20 ESRI
             13.2.21 RMSI
             13.2.22 ORBITAL INSIGHT
             13.2.23 SPIRE GLOBAL
     13.3 OTHER PLAYERS 
             13.3.1 BIRD.I LTD. 
             13.3.2 DESCARTES LABS,INC
             13.3.3 SATELYTICS
             13.3.4 APOLLO MAPPING
             13.3.5 PIXXEL MAPPING
             13.3.6 HERE TECHNOLOGIES
 
14 APPENDIX 
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 
     14.4 AVAILABLE CUSTOMIZATION 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the current size of the Satellite Data Services Market. Exhaustive secondary research was done to collect information on the Satellite Data Services market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. After that, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the Satellite Data Services market.

Secondary Research

The market ranking of satellite data services companies was determined using secondary data made available through paid and unpaid sources and by analyzing the product portfolios of major companies. These companies perform on the basis of the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred to for this research study included financial statements of companies offering satellite data services and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the satellite data services market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after acquiring information regarding the satellite data services market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East and ROW which includes Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.

Satellite Data Services Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The market sizing of the market was undertaken from the demand side. The market was upsized at a regional level based on procurements and launches planned by the country. Such procurements provide information on each application demand aspects of satellite data services. For each application, all possible end users in the satellite data services market were identified.

Note: An analysis of technological, military funding, year-on-year launches, and operational costs was carried out to arrive at the CAGR and understand the market dynamics of all countries in the report. The market share for all vertical, end-use, service, deployment and region was based on the recent and upcoming launches of satellite data services in every country from 2023 to 2028.

Satellite Data ServicesMarket Size: Bottom-up Approach

Satellite Data Services Market
 Size, and Bottom-up Approach

Satellite Data Services Market Size: Top-Down Approach

Satellite Data Services Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the market, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated using both, the top-down and bottom-up approaches.

Country-wise deliveries of vehicles in different platforms from 2023 to 2028 were considered for base data. Data was taken from the OEM manufacturers and various governing bodies of each country.

The following figure indicates the market breakdown structure and the data triangulation procedure implemented in the market engineering process used to develop this report.

Market Definition

Satellite data services refer to the acquisition, processing, and delivery of critical information such as imagery, measurements, and signals collected by satellites orbiting Earth. These services cater to various industries and applications, offering valuable insights for agriculture, environmental monitoring, defense, infrastructure management, disaster response, navigation, and telecommunications. Key features of satellite data services include global coverage, real-time or near-real-time data acquisition, and the ability to monitor large areas consistently.

Market Stakeholders

  • Remote Sensing Service Providers
  • Ministries of Defense
  • Scientific Research Centers
  • Satellite Imagery Service Providers
  • Satellite Data Analytics Solution Providers
  • Satellite Operators

Report Objectives

  • To define, describe, and forecast the size of the satellite data services market based on vertical, end-use, service, deployment, and region from 2023 to 2028.
  • To forecast the size of various segments of the market with respect to major regions, namely, North America, Europe, Asia Pacific, Middle East and the Rest of the World (RoW), which comprises Latin America and Africa
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the satellite data services market across the globe.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the satellite data services market.
  • To analyze opportunities for stakeholders in the market by identifying key market trends
  • To analyze competitive developments such as contracts, acquisitions and expansions, agreements, joint ventures and partnerships, new product launches, and Research & Development (R&D) activities in the satellite data services market.
  • To provide a detailed competitive landscape of the -market, in addition to an analysis of business and corporate strategies adopted by leading market players.
  • To strategically profile key market players and comprehensively analyze their core competencies2.

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the Satellite Data Services Market
  • Profiling of other market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Satellite Data Services Market.
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AS 7367
Published ON
Feb, 2024
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