Global Satellite Data Services Market to Reach $44 Billion by 2030
The global market for Satellite Data Services estimated at US$12.6 Billion in the year 2023, is expected to reach US$44 Billion by 2030, growing at a CAGR of 19.6% over the period 2023-2030. Image Data Service, one of the segments analyzed in the report, is expected to record 18.8% CAGR and reach US$33.1 Billion by the end of the analysis period. Growth in the Data Analytics Service segment is estimated at 22.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 19.2% CAGR
The Satellite Data Services market in the U.S. is estimated at US$4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 19.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.
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