Satellite data or satellite imagery is recognized as information about Earth and other planets in the space, gathered by man-made satellites in their orbits. The most widespread usage for satellite data is Earth Observation (EO): satellites provide information about the surface and weather changes happening on Earth. This report is mainly focused on satellite data services for Earth. Satellite data having wealth of available authentic information about Earth surface, weather, and other incidents is created via remote sensing technologies.
This research report categorizes the satellite data services market by vertical (Energy & Power, Engineering & Infrastructure, Defense & Security, Environmental, Agriculture, Maritime, Forestry, Transportation & Logistics, Insurance, Academic and Research, Others )by end use (Government & Military, Commercial, Service Providers) by services (Image Data and Data Analytics), by Deployment (Public Cloud, Private Cloud, Hybrid Cloud) and by regions (North America, Europe, Asia Pacific, Latin America and Middle East &Africa).
The Satellite Data Services Market is segmented according to five key regions in this report, namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin Africa along with their key countries.
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The satellite data services market is valued at USD 5.9 billion in 2021 and is projected to reach USD 16.7 billion by 2026, at a CAGR of 23.0% from 2021 to 2026. The US government invests in every part of the smallsat ecosystem and is likely to continue investing, both at the upstream and downstream, which would positively impact the satellite data services market. The more interesting development is in the increasing investments in smallsats by other governments around the world.
In the last few years, satellite data services market has evolved considerably. Especially, the supply side has seen new technologies and new systems being introduced into operation. In addition to the impact of cloud, the satellite data services industry finds itself at the junction of two revolutions, the one being the Big Data/Artificial Intelligence (AI) and the other being the commercialisation of space (through its main drivers, small and micro satellites). This market is expected to have exponential growth owing to the surge in the demand for satellite imagery data throughout various industries. In recent years, the satellite market has been experiencing advances in technology and the response of the marketplace have led to smaller sensors, satellites, and launch vehicles competent of performing valuable space missions at relatively low price. This new approach has led to an increase in the number of satellites being launched. CubeSats and Small Satellites are cheaper to manufacture in comparison to normal satellites and can be launched as a secondary payload on a rocket or larger launch vehicles that can deploy many satellites at a time into different orbits for specific verticals, such as energy & power, defense & security, agriculture, and forestry.
Agreements, collaborations, new product developments, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the satellite data services market. For example, In October 2021, Maxar Technologies was awarded an Option Year 2 contract (USD 176 Million) renewal by the US National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program.
Winners of satellite data services market are Maxar Technologies (US), L3Harris Geospatial (US), Airbus (Netherlands), Planet Labs, Inc.(US) and Spire (US).
Maxar Technologies (Maxar) was formed by the merger of Digital Globe and MDA Holdings Company on 5 October, 2017. The company had 4,400 employees in 2020 and is currently dual-listed on the Toronto Stock Exchange and New York Stock Exchange as MAXR. Maxar operates through two segments: Earth Intelligence and Space Infrastructure. The Space Infrastructure segment provides advanced surveillance and intelligence solutions, defense & maritime systems, radar geospatial imagery, space robotics, satellite antennas, and communication subsystems. The company has a presence in the US, Canada, Asia, Europe, South America, and Australia, among others. Maxar’s Earth observation constellation offers a comprehensive suite of commercial satellite imagery; its diversity in resolution, currency, spectral bands, and accuracy help industries conserve resources, expedite operations, ensure compliance, and save lives. Some of its major competitors include General Dynamics Corporation (US), Honeywell International Inc. (US), L3Harris Technologies (US), Cobham plc (UK), and Gilat Satellite Networks (Israel).
L3Harris Geospatial is an expert in providing scientifically proven geospatial solutions. The company offers industry solutions to the academic, defense & intelligence, federal & civil, maritime, utilities, transportation, and agriculture sectors. It uses software technologies, such as Jagwire data management tool, MapMerger data conflation tool, and Geiger-mode LiDAR technology (which enable deep learning and use artificial intelligence) to develop custom analytics and high-volume processing solutions.
L3Harris provides a wide range of high-quality professional and custom satellite mapping services, with end-to-end capability, from data acquisition to data processing, to data analysis. L3Harris has global partnerships with satellite data suppliers, maintains a vast internal archive of products, and offers flexible licensing options. The company uses different satellites to provide satellite imagery in high, medium, and low resolutions. It also provides elevation data and vector data. It also offers a variety of in-house digital elevation databases and has partnered with industry-leading satellite operators, such as Airbus, PlanetObserver, and AW3D, to enable access to each other’s satellite data and for joint cooperation on the development of new geospatial solutions.
Airbus, a global leader in space exploration and satellite imagery, provides interoperable and collaborative solutions in 5 major domains: land, air, sea, space, and cyber. Its multidomain superiority is evidenced by its 50+ years of field-tested technology. As of 30 September 2021, Airbus had 125,888 employees and is listed on the Euronext Paris Stock exchange, with the ticker symbol AIR.
The company provides products, services, and solutions through three major segments: Airbus (Commercial Aircraft segment), Airbus Helicopters, and Airbus Defence & Space, which offers innovative and effective space and defense solutions and services to its customers. Airbus has a presence across regions Asia Pacific, Europe, North America, the Middle East, and Latin America. The company provides automated transfer vehicles, the Orion European service module, Columbus (ISS module), Ariane (Rocket family), Eurostar (Satellite bus), ExoMars rover, and rocket engines (HM7B, Aestus, Vinci, Vulcan, and high priority hydrazine).In December 2021, Airbus announced the general availability of their premium satellite imagery and elevation data in Microsoft Azure Maps. Customers of Azure Maps can now access a new global reference layer made from high-quality Airbus imagery as well as a homogenous elevation dataset covering the entire globe.
Planet Labs, Inc. (Planet Labs) is a manufacturer of microsatellites and a provider of satellite-based information services, which include high-resolution imagery. It also provides analytics-based services. The company has deployed over 351 satellites in space, some of which are Dove, Sky Sat, and Rapid Eye. Planet Labs operates more than 200 satellites that together provide an unprecedented dataset of Earth observation imagery. With a unique combination of coverage, frequency, and resolution, the company delivers geospatial insights at the speed of change, which is used to obtain the most nuanced understanding of changing ground conditions. Planet Labs serves multiple verticals, such as agriculture, civil government, defense & intelligence, education & research, emergency management, energy infrastructure, finance & business intelligence, forestry & land use, insurance, mapping & GIS, and maritime. The company currently serves at least 30,000 users and 400 customers in almost 40 countries with six offices across the US, Canada, Germany, and the Netherlands.
Spire is a provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from space to assist organizations in making decisions. Spire uses a proprietary constellation of multi-purpose nanosatellites called LEMUR (Low Earth Multi-Use Receiver). The company’s software analytics generate proprietary Earth data, insights, and predictive analytics for its global customers through a subscription model. Spire monetizes this information across a broad and growing number of industries including weather, aviation, maritime, and government, with global coverage and near real-time data that can be integrated into customer business operations. Spire is also pioneering an innovative ‘space-as-a-service’ business model. Leveraging its fully deployed infrastructure and large-scale operation, customers can operate their own payloads on orbit through Spire’s API. In December 2021, Spire Global, Inc. successfully delivered a US Space Force Space Systems Command (SSC) payload to space aboard its 3U LEMUR CubeSat. The satellite has been operating nominally since July 2021 and is performing on-orbit experiments to collect payload performance data. SSC, through its Science and Technology Directorate (SSC/ZAD), awarded Spire this mission under the Small Business Innovation Research (SBIR) program.
Satellite Data Services Market by Vertical (Energy & Power, Engineering & Infrastructure, Environmental & Weather, Agriculture, Transportation & Logistics, Insurance), Service (Image Data, Data Analytics), End-Use, Region - Global Forecast to 2026
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