Satellite Data Services Market
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Satellite Data Services Market by Vertical (Energy & Power,
Engineering & Infrastructure, Environmental, Agriculture, Maritime,
Transportation & Logistics, Insurance), Service (Image Data, Data
Analytics), End-Use, Region - Global Forecast to 2025
[203 Pages Report] The satellite data services market size is projected to grow from USD 7.5
billion in 2019 to USD 23.4 billion by 2025, at a CAGR of 21.0% from 2019 to 2025. Some of the
factors that are expected to fuel the growth of the market are significant advancements in
geospatial imagery analytics with the introduction of AI and big data, privatization of space
industry, and growth of cloud computing.
Various players such as Airbus SE (Netherlands), Harris Geospatial Solutions, Inc. (US), DigitalGlobe
(US), Satellite Imaging Corporation (US), Planet Labs, Inc.(US), ICEYE (Finland), URSA Space Systems
(US), SATPALDA Geospatial Services (India), Earth-i Ltd. (UK), and Land Info Worldwide Mapping (US)
are focusing on providing satellite data services with advanced features such as feature extraction,
Digital Terrain Model (DTM), Digital Surface Model (DSM), and land cover & change detection,
among others. There are opportunities for innovative companies to provide image data services for
various verticals such as defense & security, energy & power, environmental, agriculture.
Based on the vertical, the environmental segment of the satellite data services market
is projected to grow at the highest CAGR during the forecast period.
Based on the vertical, the environmental segment of the satellite data services industry is projected
to grow at the highest CAGR from 2019 to 2025. Satellite data or imagery is used in large turnkey
projects to analyze their expected impact on the environment, boost their efficiency, and lessen