Global Satellite Data Services Market by Application (Administrative, Commercial, Scientific), by Industry Vertical (Engineering & Infrastructure, Energy & Power) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global satellite data services market was worth USD 5.3 billion in 2019. This represents a 27% CAGR from 2020-2027. Market growth is expected to be driven by the high functionality of satellite imagery data and growing demand for satellite-based images. The popularity of Google Earth and other tools like it is driving market growth.

Service providers have many opportunities to offer integrated AI and ML solutions due to the increased adoption of machine learning and artificial intelligence (AI) in the space industry. AI-based platforms offer insights into previously unobtainable factors, such as economic, social, and industrial processes. The increasing use of ML algorithms to process satellite imagery daily to detect and classify objects, locate topographic and geographic features, and monitor minute changes over time are all examples of how ML algorithms are being used. Lockheed Martin Corporation, a defense contractor, has created a satellite imagery recognition method, the Global Automated Target Recognition. This system uses open-source deep learning libraries to quickly and efficiently classify large datasets.

Satellite data is used extensively in the development and operation of connected cars and smart cities. These data are used by urban planners to analyze settlement trends and manage infrastructure. Remote sensing technology has been used more extensively to map and model city infrastructure. This is helping cities meet the increasing demands for sustainable urban development. Satellite imagery adoption is also increasing due to the growing urban agglomeration, monitoring urbanization in adjacent areas, and smart city planning and execution.

Researchers can access satellite imagery from distant locations by combining cloud computing and satellite imagery. Organizations can access historical data through cloud technology, which can be used to analyze it. Amazon Web Services, Inc., among others, has enabled services from two ground stations to withstand the distributed computing capacity by using Lockheed Martin Verge antenna systems. Amazon's AWS Earth provides several datasets to clients such as images from Landsat and MODIS. It also includes Sentinel-2 satellite constellations. This allows users to make better data-driven decisions.

Application Insights

In 2019, the market for satellite data services was dominated by the administrative segment in terms of revenue share. Non-government and government agencies are leading the charge in using satellite-based imagery for administrative purposes, such as cadastral mapping, land management, and monitoring infrastructure. Organizations can use big data analytics to integrate satellite imagery with urban development and the flow of resources. They can also take administrative steps as necessary. Satellite data services are being sought out because they can be used to create precise 3D maps of the geographic information system (GIS), which will assist planners in designing efficient construction and defense operations as well as reducing the risk of natural disasters.

Due to increasing use of data services for maritime navigation, pipeline design, and broadcasting, the commercial segment accounted for a greater share of revenue than 32% in 2019. Numerous farming and agriculture companies now use commercially available satellite imagery data for monitoring the right vegetation after harvesting. This helps to improve soil conditions and to ensure that they are in good shape. Commercial applications offer promising growth opportunities for detecting mutations like cracks in dams or dikes, ground movement near pipelines, growth in trees in electric lines, monitoring refugee movements, and monitoring activities at high altitudes.

Industry Vertical Insights

In 2019, the highest revenue share was held by the environmental segment. There are significant growth opportunities in the environment sector due to the need for high-resolution images of earth to map wildlife populations, track illegal miners, and identify deforestation trends. The market has seen a significant increase in satellite imagery use by meteorologists to monitor climate change and to take corrective actions. Federal agencies have begun to develop missions that use satellite-based LiDAR to map structure, height and biomass above ground. NASA's Global Ecosystem Dynamics Investigation (GEDI), for example, facilitates the mapping of these use cases via the International Space Station. This eliminates the need to rent airplanes to monitor the sky.

In 2019, the defense and security segment made up a significant portion of the revenue share. Satellite technology has allowed local governments and defense agencies to better understand movement and equipment, assess damage from natural disasters, and identify camouflaged bunkers. Companies have begun to offer satellite imagery as a service and all elements of Tasking, Processing Exploitation and Dissemination (TPED), to enable data-driven decision making. Earth-i Ltd. is a geospatial Intelligence company that offers attractive services to defense companies by combining data analytics and regularly taken pictures of the Earth's surface.

Regional Insights

North America was the dominant market for satellite data services in 2019, capturing 33% of the revenue share. With the formulation of the National Space Strategy, the government can partner with commercial companies to create a strong defense against space-bound threats. The U.S. also freely distributes images from the Landsat satellite, which promises productivity savings and economic benefits to users. These initiatives have led to the rise of small satellite manufacturers such as Pumpkin Space Systems Inc. or AAC Clyde Space. They offer continuous feeds about the earth's surface.

Europe occupied a significant market share in 2019, and it is expected to continue its steady growth over the forecast period. The European Union and other international institutions have collaborated to create several acts and initiatives, including the Common Agriculture Policy (CAP), UN Convention for Combating Desertification and Land Degradation and the EU Raw Materials Initiative and the Soil Framework Directive. These institutions use data from the Copernicus Hyperspectral Imaging Mission for the Environment, (CHIME), mission for their customers. The Netherlands Space Office (NSO), manages the National Satellite Data Portal. This portal allows countries like The Netherlands to manage both the supply and demand sides of satellite-based imagery.

The Retro Propulsion Assisted Landing Technologies project (RETALT) was also launched in the region. This project is developing a reliable and reusable technology that can be used to lower the cost of space access. The Copernicus Programme in Europe has a large number of satellite data and it is freely available to the public. This provides significant opportunities for new products and applications.

Satellite Data Services Market Share insights

Airbus S.A.S., DigitalGlobe, Harris Geospatial Solutions, Inc., Planet Labs, Inc., Ursa Space System, and ICEYE are just a few of the market leaders. Organizations worldwide have started partnering with government and non-government agencies to develop satellites that offer ultra-high-resolution SAR imagery, which facilitates better decision making. Planet Labs, Inc., and UrtheCast have entered the market to disrupt it by providing satellite imagery data. This is often captured on a global basis and offers images at increasing resolutions. Space companies have also developed applications that offer images and insight on the earth's surface. This is possible by using highly advanced satellites from companies like Airbus S.A.S. which are equipped with state of-the-art cameras, sensors, and other technologies.

Companies have been able to diversify their services and increase their offerings through mergers and acquisitions. Maxar Technologies Ltd. was formed in February 2017 by the merger of DigitalGlobe and MacDonald, Detwiler and Associates Ltd. To improve service offerings and satisfy the needs of customers, companies are also collaborating with each other. Ursa Space Systems has extended its partnership with SI Imaging Services Co. Ltd to provide intelligence, insights and analytics for a broad range of industries.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2016 to 2027. Grand View Research has divided the global satellite data service market report by application, vertical industry, and region.

• App Outlook (Revenue USD Million, 2016-2027)

  • Scientific

  • Administrative

  • Commercial

• Industry Vertical Outlook (Revenue USD Million, 2016-2027)

  • Security & Defense

  • Energy & Power

  • Agriculture

  • Environmental

  • Engineering & Infrastructure

  • Marine

  • Other

• Regional Outlook (Revenue USD Million, 2016-2027)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

These are the most frequently asked questions about this report

b. Global satellite data services market was valued at USD 5.36 Billion in 2019, and is forecast to grow to USD 6.58 Billion by 2020.

b. Global satellite data services market will grow at a compound annual rate of 27.9% between 2020 and 2027, to reach USD 36.92 Billion by 2027.

b. With a market share of 45.86%, the administrative segment dominated global satellite data services in 2019, This is due to the necessity to create precise 3D geoinformation system (GIS), maps in order to assist planners in designing efficient construction and defense operations.

b. Airbus S.A.S., DigitalGlobe, Harris Geospatial Solutions, Inc., Planet Labs, Inc., Ursa Space Systems, and ICEYE are some of the major players in the global market for satellite data services.

b. The market growth is being driven by technological proliferation in the satellite data services industry, miniatureaturization of satellites and sensors, and an increase in demand for small-sized satellites.

Up Market Research published a new report titled “Satellite Data Services Market research report which is segmented by Application (Administrative, Commercial, Scientific), by Industry Vertical (Engineering & Infrastructure, Energy & Power), By Players/Companies Airbus SAS; DigitalGlobe; Harris Geospatial Solutions, Inc; Ursa Space Systems; and ICEYE, Inc; Planet Labs”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Satellite Data Services Market Report Segments:

The market is segmented by Application (Administrative, Commercial, Scientific), by Industry Vertical (Engineering & Infrastructure, Energy & Power).

Satellite Data Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Satellite Data Services Market

Overview of the regional outlook of the Satellite Data Services Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Satellite Data Services Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Satellite Data Services Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Administrative

                2. Commercial

                3. Scientific

                1. Engineering & Infrastructure

                2. Energy & Power

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Satellite Data Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Satellite Data Services Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.