Satellite Data Services Market

Airbus SE (Netherlands), Harris Geospatial Solutions Inc (US) and DigitalGlobe (US) are Leading Players in the Satellite Data Services Market

The satellite data services market size is projected to grow from USD 7.5 billion in 2019 to USD 23.4 billion by 2025, at a CAGR of 21.0% from 2019 to 2025. Some of the factors that are expected to fuel the growth of the satellite data services industry are increasing demand for data-driven solutions for companies, need for monitoring project developments, and increase in efficiency of utilization of agricultural resources, among others.

Airbus SE (Netherlands), Harris Geospatial Solutions, Inc (US), DigitalGlobe (US), Satellite Imaging Corporation (US), and Planet Labs, Inc. (US) are some of the leading players operating in the market. These players have adopted various growth strategies such as contracts, partnerships, agreements, collaborations, and new product launches, and research & development (R&D) activities to further expand their presence in the market.

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Airbus SE is the leader in the satellite data services market. The company offers geospatial intelligence through its subsidiary, Airbus Defense and Space. The company operates its fleet of Earth observation satellites, and the imagery captured from these satellites is used to provide detailed analysis for markets such as defense, security, maritime, agriculture, forest & environment, land administration & mapping, oil &  gas, mining & energy, aviation, civil engineering & infrastructures, insurance & banking, and mobility & transport. In 2018, the company generated USD 3.7 billion in revenues through services provided. The fleet of satellites used by the company includes Pléiades Neo, Pléiades, Pléiades-1A, Pléiades-1B, SPOT 6/7, Vision-1, DMC Constellation, and the Radar Constellation.

Harris Geospatial Solutions, Inc. comes in second in the satellite data services market. The company offers industry solutions for academics, defense & intelligence, federal & civil, maritime, utilities, transportation, and agriculture. It uses software technologies which enable deep learning and use artificial intelligence. The solutions offered include creating elevation data and vector data.

  • In July 2018, Harris was awarded three multi-award IDIQ contracts with ceilings totaling USD 1.5 billion to provide the National Geospatial-Intelligence Agency (NGA, US) with geospatial data services for up to 10 years. This contract is of a significant amount and has enabled Harris to become a key player in the US market.

The satellites used by the company include WorldView-4, WorldView-3, WorldView-2, WorldView-1, GeoEye-1, KOMPSAT, Pleiades-1, TerraSAR-X, SkySat-1 and -2, and TripleSat, among others. The company is a key provider of geospatial data to the US government.

DigitalGlobe secures the third position in the satellite data services market. This company is a key provider of satellite imagery to numerous companies operating in this market. It owns a fleet of high-resolution satellites which help analyze and monitor the earth, identify and classify objects, and customize maps, among others. The company has partnered with various major companies such as Satpalda Geospatial Services, PlanetObserver, and East View Geospatial, among others to strengthen its position in the market.

  • In September 2018, DigitalGlobe, a subsidiary Maxar Technologies, received a renewal contract for the global enhanced GEOINT Delivery (Global EGD) contract from the US National Geospatial-Intelligence Agency (NGA).

Related Reports:

Satellite Data Services Market by Vertical (Energy & Power, Engineering & Infrastructure, Environmental, Agriculture, Maritime, Transportation & Logistics, Insurance), Service (Image Data, Data Analytics), End-Use, Region - Global Forecast to 2025

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Report Code
AS 7367
RI Published ON
9/27/2019
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