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Global Satellite Data Service Market: By Vertical: Energy and Power, Defence and Intelligence, Engineering and Infrastructure, Environmental, Agriculture, Maritime, Others; By Service; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Satellite Data Service Market Outlook
The global satellite data service market stood at a value of around USD 7.47 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 22.60% to reach USD 25.35 billion by 2027.
Growing Demand for Data Analytics Service to Aid the Global Satellite Data Service Industry Growth
The data analytics segment based on service accounts for a significant share in the market owing to the rising demand for pan-sharpened images, orthorectification, and cloud patching. The data analytics involved in the image data processing reduces the time and mental labour. Moreover, data analytics optimises the user experience through smooth operations and efficient picture enhancing capabilities. Hence, the segment is anticipated to witness a significant growth in the forecast period.
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The Asia Pacific Accounts for a Significant Share in the Market
The satellite data service industry in the Asia Pacific is driven by the growing adoption of satellite data service in the aerospace and defence sector. The growing investments by the government towards carrying out security surveillance and search and rescue operations are likely to propel the demand for satellite data services. Furthermore, the favourable government policies aimed towards assisting urban infrastructure development and planning, use of land, facilitating geographical mapping and monitoring are anticipated to boost the market growth in the region in the forecast period.
Satellite Data Service: Market Segmentation
Satellite data service is defined as the process of accessing the information pertaining to earth gathered by the artificial satellites. The information provided by the satellite is usually about the climate or weather on the planet.
Based on vertical, the market can be segmented into:
- Energy and Power
- Defence and Intelligence
- Engineering and Infrastructure
- Environmental
- Agriculture
- Maritime
- Insurance
- Transportation and Logistics
The bifurcation of the market based on service include:
- Data Analytics
- Image Data
The significant end uses of the product include:
- Commercial
- Government and Military
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Application of Satellite Data Service in Various Industries to Boost the Growth of the Satellite Data Service Industry
The rising application of satellite data service in various industries such as agriculture, energy and power, maritime, transportation and logistics, and military and defence, among others is driving the global satellite data service industry. Among these, the agriculture segment accounts for a significant share owing to the rising demand for satellite data service for monitoring harvest and carrying out field segmentation. In addition to this, the growing demand for satellite data service aimed towards mapping the areas affected by natural disasters is likely to boost the market growth. Furthermore, the expansion of the aerospace and defence industry is likely to generate a significant demand for satellite data services.
Key Industry Players in the Global Satellite Data Service Market
The report gives a detailed analysis of the following key players in the global satellite data service market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- East View Geospatial Inc.
- ImageSat International (ISI)
- Airbus S.A.S.
- L3Harris Technologies, Inc.
- Planet Labs Inc.
- Maxar Technologies
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vertical, Service, End Use, Region |
| Breakup by Vertical | Energy and Power, Defence and Intelligence, Engineering and Infrastructure, Environmental, Agriculture, Maritime, Insurance, Transportation and Logistics |
| Breakup by Service | Data Analytics, Image Data |
| Breakup by End Use | Commercial, Government and Military |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | East View Geospatial Inc., ImageSat International (ISI), Airbus S.A.S., L3Harris Technologies, Inc., Planet Labs Inc., Maxar Technologies, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Satellite Data Service Market Analysis
8.1 Key Industry Highlights
8.2 Global Satellite Data Service Historical Market (2018-2022)
8.3 Global Satellite Data Service Market Forecast (2023-2028)
8.4 Global Satellite Data Service Market by Vertical
8.4.1 Energy and Power
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Defence and Intelligence
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Engineering and Infrastructure
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Environmental
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Agriculture
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Maritime
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Insurance
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Transportation and Logistics
8.4.8.1 Historical Trend (2018-2022)
8.4.8.2 Forecast Trend (2023-2028)
8.5 Global Satellite Data Service Market by Service
8.5.1 Data Analytics
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Image Data
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Satellite Data Service Market by End Use
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Government and Military
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Satellite Data Service Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Satellite Data Service Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Satellite Data Service Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Satellite Data Service Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Satellite Data Service Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Satellite Data Service Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 East View Geospatial Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ImageSat International (ISI)
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Airbus S.A.S.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 L3Harris Technologies, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Planet Labs Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Maxar Technologies
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Satellite Data Service Market: Key Industry Highlights, 2018 and 2028
2. Global Satellite Data Service Historical Market: Breakup by Vertical (USD Billion), 2018-2022
3. Global Satellite Data Service Market Forecast: Breakup by Vertical (USD Billion), 2023-2028
4. Global Satellite Data Service Historical Market: Breakup by Service (USD Billion), 2018-2022
5. Global Satellite Data Service Market Forecast: Breakup by Service (USD Billion), 2023-2028
6. Global Satellite Data Service Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Satellite Data Service Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Satellite Data Service Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Satellite Data Service Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Satellite Data Service Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Satellite Data Service Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Satellite Data Service Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Satellite Data Service Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Satellite Data Service Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Satellite Data Service Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Satellite Data Service Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Satellite Data Service Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Satellite Data Service Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Satellite Data Service Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Satellite Data Service Market Structure
Key Questions Answered in the Report
In 2021, the global satellite data service market attained a value of nearly USD 7.47 billion.
The market is estimated to grow at a CAGR of 22.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to USD 25.35 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of satellite data service in the military and defence sector, growing technological advancements, and rising government expenditure towards enhancing urban infrastructure, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing inclination towards artificial intelligence and cloud-based satellite data services.
Energy and power, defence and intelligence, engineering and infrastructure, environmental, agriculture, maritime, insurance, and transportation and logistics are the major verticals included in the market report.
Data analytics and image data are the different services based on which the market has been segmented.
Commercial and government and military are the significant end uses of satellite data service.
The major players in the industry are East View Geospatial Inc., ImageSat International (ISI), Airbus S.A.S., L3Harris Technologies, Inc., Planet Labs Inc., and Maxar Technologies, among others.
Analyst Review
The global satellite data service market attained a value of USD 7.47 billion in 2021, driven by the rising application of satellite data services in the government and military sector. Aided by the expansion of the major service providers and rapid digitalisation, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 22.60%. The market is projected to reach USD 25.35 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on vertical, the market is divided into energy and power, defence and intelligence, engineering and infrastructure, environmental, agriculture, maritime, insurance, and transportation and logistics. On the basis of service, the market is divided into data analytics and image data. The significant end uses of satellite data service include commercial and government and military. The major regional markets for satellite data service are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include East View Geospatial Inc., ImageSat International (ISI), Airbus S.A.S., L3Harris Technologies, Inc., Planet Labs Inc., and Maxar Technologies, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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