As per Market Research Future Analysis, the Global Satellite Data Services Market was valued at USD 115.1 billion in 2022 and is projected to grow from USD 128.359 billion in 2023 to USD 246.9133 billion by 2030, with a CAGR of 11.52% during the forecast period. The growth is driven by innovations in satellite services for earth observation and disaster management, alongside the increasing integration of AI and cloud computing in the sector. The demand for satellite imagery in various industries, including construction, agriculture, and environmental monitoring, is also propelling market expansion.
Key trends driving the satellite data services market include technological advancements and increasing applications across sectors.
Key players include Airbus SE (Netherlands), BlackSky (US), DigitalGlobe Inc (US), Earth-i Ltd (UK), and others.
The surge in innovations in the field of space and satellite services to leverage earth observation and disaster management, combined with the robust growth in penetration of artificial intelligence and cloud computing in the space sectors, which is now required to offer insights on previously inaccessible factors such as industrial, economic, and social processes, are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Growing need for satellite imagery data is driving the market growth
The growing need for satellite imagery data drives market CAGR. The growing need for satellite imaging in construction, oil and gas, agriculture, mining, and others is expected to drive market growth. There are several advantages to using satellite imagery in the building industry. Through high-resolution satellite photos, infrastructure projects may become more detail-oriented, and satellite data can provide a graphical reference for planners and engineers, resulting in greater accuracy in their development.
Similarly, satellite imaging might be utilized in the mining sector to get data-based information on the mineral potential of a given area during the pre-feasibility and feasibility phases of mineral extraction. These elements are expected to propel the spacecraft.
Additionally, the increased use of artificial intelligence (AI) and machine learning (ML) in the space industry has provided many opportunities for service providers to offer AI and ML-integrated solutions. AI-powered platforms provide access to previously inaccessible social, industrial, and economic aspects. Daily satellite data is increasingly being processed with ML algorithms to identify and recognize objects, find geographic and topographic characteristics, and track minute changes over time.
Satellite data is commonly employed in creating smart cities and linked automobiles. Urban planners use these data to analyze settlement trends better and guarantee effective infrastructure management. The increased use of remote sensing technologies for zoning and city infrastructure modeling has aided in satisfying the ever-increasing demands of city-dwelling populations for improved management of sustainable urban development. Moreover, increased urban agglomeration and monitoring urbanization of neighboring regions to allow smart city planning and implementation are increasing the use of satellite images.
Cloud computing and satellite photography allow researchers to obtain image data from faraway regions. Organizations can employ cloud technology to have access to historical data for analysis. With Lockheed Martin's Verge antenna systems, organizations like Amazon Web Services, Inc. have enabled services on two ground stations to withstand dispersed processing capacity. AWS Earth provides its clients with various datasets, including pictures from the Landsat, MODIS, GOES, NEXRAD, and Sentinel-2 satellite constellations, allowing users to make more calculated data-driven choices. Thus, driving the satellite data services market revenue.
Based on type, the satellite data services market segmentation includes image data and data analytics. The image data segment dominated the market, accounting for 35% of market revenue (11,126.4 million). The increase might be attributed to the growing demand for imaging data in the public and private sectors. The majority of picture data is utilized for remotely sensed imaging. Remote sensing is primarily used to collect data for various applications such as geological mapping, hydrocarbon exploration, mineral and water exploration, and natural hazards research. Moreover, satellite photography is one of the most powerful and important technologies meteorologists employ.
Since they depict how events are happening in a straightforward, quick, and precise manner, these visualizations comfort forecasters about the atmosphere's behavior.
Figure 1 Satellite Data Services Market, by Distribution channel, 2022 & 2030 (USD billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on application, the satellite data services market segmentation includes energy & power, engineering & infrastructure, environmental monitoring, agriculture, maritime, transportation & logistics, and others. In 2022, the environmental monitoring category had the highest revenue share. The demand for high-resolution earth photos to correctly monitor wildlife populations, track illicit mining and detect deforestation trends has created major development opportunities in the environmental industry.
Meteorologists' growing use of satellite imagery to closely monitor climate changes and take required remedial steps has fueled market expansion. Government authorities have begun to design missions that will employ satellite-based LiDAR to scan the structure and height of forest covers, as well as the carbon storage and biomass above ground. For instance, NASA has created the Ecosystem Dynamics Investigation (GEDI), which allows for geographical mapping of the aforementioned use cases via the International Space Station (ISS), removing the need to rent planes for aerial photography.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American satellite data services market area will dominate this market. The development of the new National Space Strategy allows the government to collaborate with private firms to construct a major defensive system against threats from space-bound assaults. Furthermore, the United States freely shares photographs collected by the Landsat satellite, offering users productivity savings and economic advantages.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe satellite data services market, accounts for the second-largest market share due to the European Union has worked with other international organizations to implement several acts and initiatives, including the Common Agriculture Policy (CAP), the United Nations Convention to Combat Desertification and Land Degradation, the EU Raw Materials Initiative, and the Soil Framework Directive. Further, the German satellite data services market held the largest market share, and the UK satellite data services market was the fastest-growing market in the European region.
The Asia-Pacific Satellite Data Services Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the growing population, and economic growth in nations such as India, Japan, and China have resulted in a significant demand for satellite data services, particularly in the business sector. Moreover, China’s satellite data services market held the largest market share, and the Indian satellite data services market was the fastest-growing market in the Asia-Pacific region.
Leading market companies are extensively spending on R&D to extend their product lines, which will help the satellite data services market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The satellite data services industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the satellite data services industry to benefit clients and increase the market sector. In recent years, the satellite data services industry has offered some of the most significant medical advantages. Major players in the satellite data services market, including Airbus SE (Netherlands), Black sky (US), Digitalglobe Inc (US), Earth-i Ltd (UK), and others, are attempting to increase market demand by investing in research and development operations.
Airbus SE is a leading provider of satellite data services, offering various products and solutions to customers in various industries. The satellite data services are delivered through Earth Observation and Defense and Space divisions. Airbus' satellite data services include the acquisition and processing of high-resolution imagery, as well as data analytics and monitoring solutions.
For instance, in September 2022, Airbus won contracts with the Czech Republic and the Netherlands' Ministries of Defense to deliver satellite communications for the next 15 years. The Czech Republic and the Netherlands will use two and three channels of the Airbus UHF (Ultra High Frequency) military communications hosted payload on the EUTELSAT 36D telecommunications satellite, which is slated to launch in 2024.
BlackSky is a provider of satellite data services, offering a range of geospatial intelligence products and solutions to customers in various industries worldwide. The company's satellite data services are delivered through its constellation of high-resolution imaging satellites and its cloud-based geospatial platform, BlackSky Geospatial Solutions. For Instance, In April 2022, For 45 days, BlackSky (NYSE BKSY) proved the capacity to swiftly alter orbits, launch two additional satellites, and collect photos over Ukraine. Customers got dawn-to-dusk analytics and imaging goods from Ukraine within 24 hours of the company's most recent launch, in addition to a significant increase in constellation capacity.
Satellite Data Services Type Outlook
Satellite Data Services Application Outlook
Satellite Data Services Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 115.1 billion |
| Market Size 2023 | USD 128.3595 billion |
| Market Size 2030 | USD 246.9133 billion |
| Compound Annual Growth Rate (CAGR) | 11.52% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Airbus SE (Netherlands), Black sky (US), Digitalglobe Inc (US), Earth-i Ltd (UK), Geospatial Intelligence Pty Ltd (Australia), Gisat SRO (Czech Republic), Harris Geospatial Solutions Inc (US), Imagesat International (Israel), Planet Labs Inc (US), Trimble Inc (US) |
| Key Market Opportunities | · Rising Integration Demands for Satellite and Terrestrial Mobile Technology |
| Key Market Dynamics | · Growing Interest from Government and Military |
Satellite Data Services Market Highlights:
Frequently Asked Questions (FAQ):
The satellite data services market size was valued at USD 115.1 Billion in 2022.
The market is projected to grow at a CAGR of 128.35% during the forecast period, 2023-2030.
North America had the largest share of the market
The key players in the market are Airbus SE (Netherlands), Black sky (US), Digitalglobe Inc (US), Earth-i Ltd (UK),
The image data satellite data services category dominated the market in 2022.
Environmental monitoring had the largest share of the market.
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