Global Satellite Data Services Market Size, Share, Growth Analysis, By Service(Data Analytics and Image Data), By End Use(Commercial and Military) - Industry Forecast 2023-2030

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FAQ's

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).

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)'

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.

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.

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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