Satellite Data Services Market Forecasts to 2028 – Global Analysis By Vertical (Energy & Power, Academic & Research, Maritime and Other verticals), Service (Data Analytics and Image Data), Deployment (Hybrid Cloud, Private Cloud and Public Cloud), End Use

Satellite Data Services Market Forecasts to 2028 – Global Analysis By Vertical (Energy & Power, Academic & Research, Maritime and Other verticals), Service (Data Analytics and Image Data), Deployment (Hybrid Cloud, Private Cloud and Public Cloud), End User and Geography

According to Stratistics MRC, the Global Satellite Data Services Market is accounted for $9.43 billion in 2022 and is expected to reach $35.15 billion by 2028 growing at a CAGR of 24.5% during the forecast period. Satellite data service is the process of gathering information about the Earth from man-made satellites in various orbits. Satellites transmit data on the planet's surface and weather. Satellite data services are concerned with the capture of photographs of Earth or other planets using imaging satellites. Commercial satellite imaging is the use of these images for commercial reasons, which covers applications such as environmental monitoring and management, energy resource security, border surveillance, and building project mapping. Earth observation is the major use of satellite data (EO). It transmits information on the earth's surface, meteorological, chemical, and biological changes. Satellite data is generated using remote sensing technologies like Synthetic Aperture Radar (SAR) and Real Aperture Radar (RAR), which provide a consistent and timely data stream.

According to SIPRI, total global military spending increased by 0.7 percent in real terms in 2021, reaching USD 2.1 trillion.

Market Dynamics:

Driver:

Increase in the demand for satellite imagery data

The growing demand for satellite imaging in industries such as construction, oil and gas, agriculture, mining, and others is expected to drive market growth. There are several advantages to using satellite imaging in the building industry. With the use of high-resolution satellite photos, infrastructure projects can become more detail-oriented, and the satellite data can provide a graphical reference for planners and engineers, resulting in greater accuracy in their construction. Similarly, satellite imaging could be utilised in the mining industry 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 boost the expansion of the satellite data services market.

Restraint:

Strict regulations

Government policies at both the national and international levels have an impact on the evolution of the satellite data services ecosystem and business, either directly or indirectly. Government limits on data collection, location privacy, intellectual property rights, and the use and storage of geospatial data and information may hamper market growth throughout the projection period. Furthermore, due to niche and advanced technologies such as high-resolution remote sensing, powerful satellite analytics software, and others, the high capital investment required in satellite-based data services is likely to impede market expansion throughout the projection period.

Opportunity:

Increasing Adoption of AI, Machine Learning, and Cloud Computing in the Space Sector

Prior to the introduction of AI-based platforms, social, industrial, and economic processes, among others, were unreachable. Additionally, utilising daily satellite data, Machine Learning (ML) approaches are being used to identify and locate objects, find geographic and topographic characteristics, and follow minute changes over time. Furthermore, automated machine learning and artificial intelligence (AI) algorithms can successfully distinguish a wide range of earthly things seen from space, such as cars in parking lots, crop yield, and geo sensing in agricultural areas. Cloud computing allows businesses to access previous data for analysis. Artificial intelligence and machine learning can also monitor and analyse satellite-based aerial pictures. Thus, the surge in the space industry's adoption of artificial intelligence (AI) and machine learning (ML) has created several opportunities for the satellite data services market to expand.

Threat:

Concern over space debris

Space debris is the uncontrolled and unwanted fall of no longer operable space ships or pieces of any size onto Earth. The number of variably characterised objects in orbit around the Earth has expanded dramatically since the beginning of human operations in space, and the trend is currently greater than ever with the new wave of small satellites. According to NASA and the European Space Agency, nearly 150 million objects with a combined weight of more than 5,000 tonnes are circling between lower earth orbit (LEO) up to 10,000 km from the planet's surface and geostationary earth orbit (GEO) above this mark.

Covid-19 Impact

COVID-19 was declared a pandemic by the World Health Organization, resulting in travel restrictions and financial market disruption, as well as a detrimental impact on supply chains and production levels. The COVID-19 epidemic had a negative impact on the satellite data services business, as it did on most other industries. Furthermore, as a result of the lockdown, numerous design, development, and manufacturing facilities with insufficient operational launch stations are limiting market expansion during the pandemic. According to Daniel Kim, KTSAT's managing director of Oversea Business, the satellite service provider is having difficulty dealing with the COVID-19 epidemic, since clients and partners have experienced delays in completing contracts and paying payments.

The environment segment is expected to be the largest during the forecast period

The environment segment is estimated to have a lucrative growth, due to the need for high-resolution earth images to accurately map wildlife populations, track illegal mining, and detect deforestation trends. The goal of satellite data services is to comprehend and analyse global environmental conditions as well as geographical information. The increased acceptance and exploitation of earth observation satellites are the primary forces driving market growth for satellite data services in the environment sector. Satellite imaging and image-enhancing equipment such as high-resolution cameras and enhanced remote-sensing technologies have improved satellite-based environmental observation images, propelling satellite data service market share.

The image data segment is expected to have the highest CAGR during the forecast period

The image data segment is anticipated to witness the fastest CAGR growth during the forecast period. Image data collection comprises multiple stages of acquiring information in the form of images via imaging satellites. This gives geospatial information and data in the form of real-time photos. Increased adoption of location-based services (LBS) by a wide range of end-users, including commercial organisations, government, defence, civil engineering, forestry and agriculture, insurance, and energy, is expected to drive market growth. The growing demand for high-resolution satellite imagery in emergency services, homeland defence, data evaluation, and other applications is projected to boost the image data satellite services market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the multiple government entities in the region that are making significant investments to facilitate the deployment of commercial satellites. The satellite data service market in North America is likely to be driven by advanced infrastructure for space projects and the earliest and most widespread adoption of commercial satellite imagery across a wide range of sectors. Furthermore, growing concerns about satellite-based surveillance create major growth opportunities for the North American market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the governments of various countries, including India and China, to strengthen their respective nations' agriculture and defense sectors. Increased adoption of satellite imaging and data analytics by governments such as India and China to aid in urban infrastructure development and planning, as well as to monitor ocean and agricultural under precision agriculture modules, boosts the growth of the satellite data service industry.

Key players in the market

Some of the key players profiled in the Satellite Data Services Market include Airbus Defense and Space, LAND INFO Worldwide Mapping LLC, Satellite Imaging Corporation, Planet Labs Inc, DigitalGlobe, ICEYE, Space Exploration Technologies Corp. (SpaceX), ImageSat International N.V., Satpalda Geospatial Services, Ursa Space Systems, Trimble Inc. , Maxar Technologies, East View Geospatial Inc., Blacksky, L3Harris Technologies, Inc.

Key Developments:

In July 2022, Airbus SAS has been contracted to deliver 42 satellite platforms and services to Northrop Grumman for the US Space Development Agency's Trache 1 Transport layer prototype constellation award.

In June 2020, L3Harris extended its agreement with exactEarth Ltd., a leading provider of Satellite-AIS data services. The agreement aimed to provide exactEarth with a reduced and simplified cost structure for L3Harris’ Satellite-AIS data services. The agreement also provides additional growth opportunities to both parties and further strengthens the latter company’s alliance with L3Harris in delivering advanced high-performance satellite maritime service capabilities to customers around the world.

In February 2020, L3Harris signed an agreement with The Air Force Life Cycle Management Center. The agreement aims to develop a software platform that would make it easier for analysts to use artificial intelligence (AI) to identify objects in large data sets.

In August 2019, Trimble introduced the Trimble T7 tablet for GIS data collection applications. This next-generation tablet connects to Trimble’s suite of survey instruments and Global Navigation Satellite System (GNSS) receivers and streamlines the flow of geospatial data between the office and field for maximum productivity and efficiency.

Verticals Covered:
• Energy & Power
• Academic & Research
• Maritime
• Forestry
• Insurance
• Defense & Security
• Agriculture
• Environmental & Weather
• Engineering & Infrastructure
• Other verticals

Services Covered:
• Data Analytics
• Image Data

Deployments Covered:
• Hybrid Cloud
• Private Cloud
• Public Cloud

End Users Covered:
• Commercial
• Government & Military

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Satellite Data Services Market, By Vertical
5.1 Introduction
5.2 Energy & Power
5.2.1 Oil & Gas Operation
5.2.1.1 Pipeline And Transmission Survey
5.2.1.2 Oil And Gas Exploration
5.2.2 Utility
5.2.2.1 Powerline Management
5.2.2.2 Underground Utility Monitoring
5.2.3 Minning & Mineral Exploration
5.2.4 Renewable Energy Sources
5.2.4.1 Hydroelectric Power
5.2.4.2 Solar Energy
5.2.4.3 Wind Energy
5.2.4.4 Other Renewable Energy Sources
5.3 Academic & Research
5.4 Maritime
5.4.1 Illegal Fishing Monitoring
5.4.2 Ports & Harbors Monitoring
5.4.3 Track Activities
5.4.4 Search &Rescue
5.4.5 Coastal Management
5.5 Forestry
5.5.1 Emergency Wild Fire Monitoring
5.5.2 Forest Cover Mapping
5.6 Insurance
5.6.1 Property Damage Estimation
5.6.2 Flood Monitoring
5.7 Defense & Security
5.7.1 Crime Mapping
5.7.2 Critical Infrastructure Protection
5.7.3 Monitoring of Airfields
5.8 Agriculture
5.8.1 Precision Farming
5.8.2 Crop Type Identification
5.9 Environmental & Weather
5.9.1 Weather Forecast
5.9.2 Air & Water Pollution
5.9.3 Natural Disasters
5.9.4 Land Cover And Change Detection
5.10 Engineering & Infrastructure
5.10.1 Industrial and Asset Mapping
5.10.2 Land & Urban Management
5.11 Other verticals
6 Global Satellite Data Services Market, By Service
6.1 Introduction
6.2 Data Analytics
6.2.1 Image Data Processing
6.2.1.1 Aerial Triagulation
6.2.1.2 Pan-Sharpening
6.2.1.3 Orthorectification
6.2.1.4 Cloud Patching
6.2.1.5 Mosaicking
6.2.2 Feature Extraction
6.2.3 Digital Models
6.2.3.1 Digital Elevation Models (DEM)
6.2.3.2 Digital Terrain Models (DTM)
6.2.3.3 Digital Surface Models (DSM)
6.2.4 Classification
6.2.4.1 Object Classification or Identification
6.2.4.2 Land Cover and Change Detection
6.3 Image Data
6.3.1 Spatial
6.3.1.1 Very High Resolution
6.3.1.2 Medium-Low Resolution
6.3.1.3 High Resolution
6.3.2 Spectral
6.3.3 Radiometric
6.3.4 Temporal
7 Global Satellite Data Services Market, By Deployment
7.1 Introduction
7.2 Hybrid Cloud
7.3 Private Cloud
7.4 Public Cloud
8 Global Satellite Data Services Market, By End User
8.1 Introduction
8.2 Commercial
8.2.1 Media and Entertainment
8.2.2 Satellite Operators
8.2.3 Geological Companies
8.2.4 Mining, Oil and Gas Companies
8.2.5 Transport, Construction and Infrastructure Companies
8.2.6 Mapping and Cartographic Companies
8.2.7 Other Commercials
8.3 Government & Military
8.3.1 National Space Agencies
8.3.2 National Mapping& topograpgic Agencies
8.3.3 Academic and Research Institutions
8.3.4 Departments of Defense
8.3.5 National Security Agencies
8.3.6 Departments of Environment & Agriculture
8.3.7 Other Government & Militaries
9 Global Satellite Data Services Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Airbus Defense and Space
11.2 LAND INFO Worldwide Mapping LLC
11.3 Satellite Imaging Corporation
11.4 Planet Labs Inc
11.5 DigitalGlobe
11.6 ICEYE
11.7 Space Exploration Technologies Corp. (SpaceX)
11.8 ImageSat International N.V.
11.9 Satpalda Geospatial Services
11.10 Ursa Space Systems
11.11 Trimble Inc.
11.12 Maxar Technologies
11.13 East View Geospatial Inc.
11.14 Blacksky
11.15 L3Harris Technologies, Inc.
List of Tables
Table 1 Global Satellite Data Services Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Satellite Data Services Market Outlook, By Vertical (2020-2028) ($MN)
Table 3 Global Satellite Data Services Market Outlook, By Energy & Power (2020-2028) ($MN)
Table 4 Global Satellite Data Services Market Outlook, By Oil & Gas Operation (2020-2028) ($MN)
Table 5 Global Satellite Data Services Market Outlook, By Pipeline And Transmission Survey (2020-2028) ($MN)
Table 6 Global Satellite Data Services Market Outlook, By Oil And Gas Exploration (2020-2028) ($MN)
Table 7 Global Satellite Data Services Market Outlook, By Utility (2020-2028) ($MN)
Table 8 Global Satellite Data Services Market Outlook, By Powerline Management (2020-2028) ($MN)
Table 9 Global Satellite Data Services Market Outlook, By Underground Utility Monitoring (2020-2028) ($MN)
Table 10 Global Satellite Data Services Market Outlook, By Minning & Mineral Exploration (2020-2028) ($MN)
Table 11 Global Satellite Data Services Market Outlook, By Renewable Energy Sources (2020-2028) ($MN)
Table 12 Global Satellite Data Services Market Outlook, By Hydroelectric Power (2020-2028) ($MN)
Table 13 Global Satellite Data Services Market Outlook, By Solar Energy (2020-2028) ($MN)
Table 14 Global Satellite Data Services Market Outlook, By Wind Energy (2020-2028) ($MN)
Table 15 Global Satellite Data Services Market Outlook, By Other Renewable Energy Sources (2020-2028) ($MN)
Table 16 Global Satellite Data Services Market Outlook, By Academic & Research (2020-2028) ($MN)
Table 17 Global Satellite Data Services Market Outlook, By Maritime (2020-2028) ($MN)
Table 18 Global Satellite Data Services Market Outlook, By Illegal Fishing Monitoring (2020-2028) ($MN)
Table 19 Global Satellite Data Services Market Outlook, By Ports & Harbors Monitoring (2020-2028) ($MN)
Table 20 Global Satellite Data Services Market Outlook, By Track Activities (2020-2028) ($MN)
Table 21 Global Satellite Data Services Market Outlook, By Search &Rescue (2020-2028) ($MN)
Table 22 Global Satellite Data Services Market Outlook, By Coastal Management (2020-2028) ($MN)
Table 23 Global Satellite Data Services Market Outlook, By Forestry (2020-2028) ($MN)
Table 24 Global Satellite Data Services Market Outlook, By Emergency Wild Fire Monitoring (2020-2028) ($MN)
Table 25 Global Satellite Data Services Market Outlook, By Forest Cover Mapping (2020-2028) ($MN)
Table 26 Global Satellite Data Services Market Outlook, By Insurance (2020-2028) ($MN)
Table 27 Global Satellite Data Services Market Outlook, By Property Damage Estimation (2020-2028) ($MN)
Table 28 Global Satellite Data Services Market Outlook, By Flood Monitoring (2020-2028) ($MN)
Table 29 Global Satellite Data Services Market Outlook, By Defense & Security (2020-2028) ($MN)
Table 30 Global Satellite Data Services Market Outlook, By Crime Mapping (2020-2028) ($MN)
Table 31 Global Satellite Data Services Market Outlook, By Critical Infrastructure Protection (2020-2028) ($MN)
Table 32 Global Satellite Data Services Market Outlook, By Monitoring of Airfields (2020-2028) ($MN)
Table 33 Global Satellite Data Services Market Outlook, By Agriculture (2020-2028) ($MN)
Table 34 Global Satellite Data Services Market Outlook, By Precision Farming (2020-2028) ($MN)
Table 35 Global Satellite Data Services Market Outlook, By Crop Type Identification (2020-2028) ($MN)
Table 36 Global Satellite Data Services Market Outlook, By Environmental & Weather (2020-2028) ($MN)
Table 37 Global Satellite Data Services Market Outlook, By Weather Forecast (2020-2028) ($MN)
Table 38 Global Satellite Data Services Market Outlook, By Air & Water Pollution (2020-2028) ($MN)
Table 39 Global Satellite Data Services Market Outlook, By Natural Disasters (2020-2028) ($MN)
Table 40 Global Satellite Data Services Market Outlook, By Land Cover And Change Detection (2020-2028) ($MN)
Table 41 Global Satellite Data Services Market Outlook, By Engineering & Infrastructure (2020-2028) ($MN)
Table 42 Global Satellite Data Services Market Outlook, By Industrial and Asset Mapping (2020-2028) ($MN)
Table 43 Global Satellite Data Services Market Outlook, By Land & Urban Management (2020-2028) ($MN)
Table 44 Global Satellite Data Services Market Outlook, By Other verticals (2020-2028) ($MN)
Table 45 Global Satellite Data Services Market Outlook, By Service (2020-2028) ($MN)
Table 46 Global Satellite Data Services Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 47 Global Satellite Data Services Market Outlook, By Image Data Processing (2020-2028) ($MN)
Table 48 Global Satellite Data Services Market Outlook, By Aerial Triagulation (2020-2028) ($MN)
Table 49 Global Satellite Data Services Market Outlook, By Pan-Sharpening (2020-2028) ($MN)
Table 50 Global Satellite Data Services Market Outlook, By Orthorectification (2020-2028) ($MN)
Table 51 Global Satellite Data Services Market Outlook, By Cloud Patching (2020-2028) ($MN)
Table 52 Global Satellite Data Services Market Outlook, By Mosaicking (2020-2028) ($MN)
Table 53 Global Satellite Data Services Market Outlook, By Feature Extraction (2020-2028) ($MN)
Table 54 Global Satellite Data Services Market Outlook, By Digital Models (2020-2028) ($MN)
Table 55 Global Satellite Data Services Market Outlook, By Digital Elevation Models (DEM) (2020-2028) ($MN)
Table 56 Global Satellite Data Services Market Outlook, By Digital Terrain Models (DTM) (2020-2028) ($MN)
Table 57 Global Satellite Data Services Market Outlook, By Digital Surface Models (DSM) (2020-2028) ($MN)
Table 58 Global Satellite Data Services Market Outlook, By Classification (2020-2028) ($MN)
Table 59 Global Satellite Data Services Market Outlook, By Object Classification or Identification (2020-2028) ($MN)
Table 60 Global Satellite Data Services Market Outlook, By Land Cover and Change Detection (2020-2028) ($MN)
Table 61 Global Satellite Data Services Market Outlook, By Image Data (2020-2028) ($MN)
Table 62 Global Satellite Data Services Market Outlook, By Spatial (2020-2028) ($MN)
Table 63 Global Satellite Data Services Market Outlook, By Very High Resolution (2020-2028) ($MN)
Table 64 Global Satellite Data Services Market Outlook, By Medium-Low Resolution (2020-2028) ($MN)
Table 65 Global Satellite Data Services Market Outlook, By High Resolution (2020-2028) ($MN)
Table 66 Global Satellite Data Services Market Outlook, By Spectral (2020-2028) ($MN)
Table 67 Global Satellite Data Services Market Outlook, By Radiometric (2020-2028) ($MN)
Table 68 Global Satellite Data Services Market Outlook, By Temporal (2020-2028) ($MN)
Table 69 Global Satellite Data Services Market Outlook, By Deployment (2020-2028) ($MN)
Table 70 Global Satellite Data Services Market Outlook, By Hybrid Cloud (2020-2028) ($MN)
Table 71 Global Satellite Data Services Market Outlook, By Private Cloud (2020-2028) ($MN)
Table 72 Global Satellite Data Services Market Outlook, By Public Cloud (2020-2028) ($MN)
Table 73 Global Satellite Data Services Market Outlook, By End User (2020-2028) ($MN)
Table 74 Global Satellite Data Services Market Outlook, By Commercial (2020-2028) ($MN)
Table 75 Global Satellite Data Services Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 76 Global Satellite Data Services Market Outlook, By Satellite Operators (2020-2028) ($MN)
Table 77 Global Satellite Data Services Market Outlook, By Geological Companies (2020-2028) ($MN)
Table 78 Global Satellite Data Services Market Outlook, By Mining, Oil and Gas Companies (2020-2028) ($MN)
Table 79 Global Satellite Data Services Market Outlook, By Transport, Construction and Infrastructure Companies (2020-2028) ($MN)
Table 80 Global Satellite Data Services Market Outlook, By Mapping and Cartographic Companies (2020-2028) ($MN)
Table 81 Global Satellite Data Services Market Outlook, By Other Commercials (2020-2028) ($MN)
Table 82 Global Satellite Data Services Market Outlook, By Government & Military (2020-2028) ($MN)
Table 83 Global Satellite Data Services Market Outlook, By National Space Agencies (2020-2028) ($MN)
Table 84 Global Satellite Data Services Market Outlook, By National Mapping& Topograpgic Agencies (2020-2028) ($MN)
Table 85 Global Satellite Data Services Market Outlook, By Academic and Research Institutions (2020-2028) ($MN)
Table 86 Global Satellite Data Services Market Outlook, By Departments of Defense (2020-2028) ($MN)
Table 87 Global Satellite Data Services Market Outlook, By National Security Agencies (2020-2028) ($MN)
Table 88 Global Satellite Data Services Market Outlook, By Departments of Environment & Agriculture (2020-2028) ($MN)
Table 89 Global Satellite Data Services Market Outlook, By Other Government & Militaries (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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