Satellite data or satellite imagery is recognized as information about Earth and other planets in 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's surface, weather, and other incidents are 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, and 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, and Latin Africa along with their key countries.
To know about the assumptions considered for the study download the pdf brochure
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 upstream and downstream, which would positively impact the satellite data services market. The more interesting development is the increasing investments in smallsats by other governments around the world.
Key Players
Some of the key players operating in the Satellite Data Services Market include Maxar Technologies (US), Planet Labs, Inc. (US), Satellite Imaging Corporation (US), ICEYE (Finland), Earth-i Ltd. (UK), and Airbus (Netherlands). These players cater to various verticals, including energy & power, agriculture, forestry, and defense & security, by providing high-resolution satellite imagery and image processing services for analysis.
MAXAR TECHNOLOGIES
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.
L3HARRIS GEOSPATIAL
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 the Jagwire data management tool, MapMerger data conflation tool, and Geiger-mode LiDAR technology (which enables deep learning and uses artificial intelligence) to develop custom analytics and high-volume processing solutions.
Report Objectives
- To define, describe, and forecast the satellite data services market based on vertical, end-use, service, deployment, and region.
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the satellite data services market
- To forecast the size of various segments of the satellite data services market based on 5 main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America—along with major countries in each of these regions
- To analyze the micromarkets1 with respect to their individual growth trends, prospects, and contribution to the overall market
- To identify industry trends, market trends, and technology trends prevailing in the market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2
- To benchmark market players using competitive leadership mapping, which analyzes players based on various parameters within broad business categories and strategies
- To map the competitive intelligence based on company profiles, key strategies, and developments, such as agreements, contracts, partnerships, collaborations, and acquisitions.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high-growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenue decisions.