Satellite Data Services Market

Analysis from GMI Research finds that the Satellite Data Services Market size was valued at USD 6.5 billion in 2021 and estimated to touch USD 30.5 billion in 2029 will grow at a high double-digit CAGR of 21.4% from 2022-2029 attributed to growing demand for satellite data across different industries.

Introduction

The Satellite data is the information about Earth and other planets in the space, gathered by human-made satellites in their orbits. It delivers data about the weather changes and surface on the planet Earth. Remote sensing technologies are generating satellite data. This technology gathers the information from space and observes the Earth via remote sensors on satellites and aircraft that identify, and record reflected or emitted energy in the form of data.

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Key Satellite Data Services Market Trends and Drivers

Satellite data services market is primarily driven by privatization of space industry, growing demand for satellite imagery data from various end-use industries such as oil & gas, agriculture and construction and development of smart cities around the world. Demand for high resolution imaging has increased as these images provides detailed information about Earth’s surface, helps in monitoring natural resources and facilitates surveillance activities for defense forces. Moreover, various governments worldwide are increasingly investing in small satellites coupled with growing demand for earth observation satellites, are propelling the satellite data services market. For instance, Space Development Agency (SDA), which is branch of United States Department of Defense (DoD) awarded contract worth USD 700 million to Lockheed Martin Corporation in February 2022 to design 42 units of small satellites.

Growing adoption of Artificial Intelligence (AI) and big data analytics in space industry for analysing satellite imagery and increasing demand for satellite data among enterprises to ensure their market competitiveness and implementation of 4D GIS software with satellite data, are accelerating the satellite data services market. Moreover, governments worldwide are spending huge amount of capital on the construction of smart cities to promote economic growth and reduce traffic congestions. Urban planners are increasingly using satellite data to analyse settlement trends and infrastructure requirements, which is augmenting the market satellite image data services market.  However, strict regulations for using satellites coupled with growing concerns related to space debris, are restricting the market growth.

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Based on Service, Data Analytics segment is projected to hold the largest satellite data service market share.

Increasing use of satellite images for monitoring crops, coastal traffic and flooding coupled with growing demand for data processing and digital model for developing GIS maps are augmenting the Satellite data analytics services market. Moreover, increasing demand for high-resolution color images for feature extraction, increased requirements for orthorectification services for various industries, and the need for land cover & change detection techniques are also fuelling the market growth.

Based on End-Use, Government & Military segment is forecast to dominate the market.

Governments worldwide uses satellite data to strengthen border security, planning infrastructure projects and monitoring environmental conditions. Additionally, satellite data services are used in various commercial applications including transport, construction & infrastructure and oil & mining for precision monitoring and pipeline monitoring.

Based on Vertical segment, Agriculture segment is expected to lead capture the largest market share.

In Agriculture industry, satellite imagery helps in monitoring crop’s condition and quality of vegetation. Moreover, satellite data is used for analysing the turnkey project’s impact on the environment, reduce carbon levels from the environment, and to boost efficiency.

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Based on Region, North American region is forecast to dominate the market.

North American satellite data services market is propelled by government partnerships with private companies to develop defense systems, rise in the number of research and development initiatives and growing adoption of commercial satellites. Asia-Pacific satellite data services market is driven by increasing use of satellite imagery and data analytical technologies for rural and agricultural development in this region. In addition, various companies operating in different verticals such as energy & power, defense & security aand transportation & logistics, are using data analytical technologies to detect potential markets to improve their growth.

Top Market Players

Major players are focusing to expand their customer base across the globe by entering into strategic collaboration, joint venture, and partnership to increase their market share and their profitability. Various notable players in the satellite data services market are Airbus SE, Digitalglobe, Inc., Harris Geospatial Solutions, Inc., Planet Labs, Inc., Satellite Imaging Corporation, Ursa Space Systems, Satpalda Geospatial Services, Geospatial Intelligence Pyt. Ltd., Earth-i Ltd., Land Info Worldwide Mapping, Imagesat International (ISI), and Gisat S.R.O., among others.

Key Developments:

• • In September 2021, NASA awarded a contract to Planet Labs to provide satellite earth-observation data to researchers who are studying climate change and biodiversity loss, sponsored by the National Science Foundation.
  • In September 2021, ScanWorld and ConstellR entered into a partnership to combine thermal infrared and hyperspectral imagery expertise to provide Earth Observation data, which will be used for different agricultural practices.
  • In July 2021, Korea Aerospace Industries announced that it has signed an agreement with SpaceX, a spacecraft engineering corporation based in United States for launching its medium-weight earth observation satellite constellation in 2023.
  • In June 2019, ImageSat International (ISI), a major provider of geospatial and geo-intelligence solutions based in Israel captured images of 4 Chinese J-10 fighter jets in the South China Sea region.
  • In October 2018, Airbus Defence and Space, is one of the largest manufacturers of earth observation systems collaborated with Ursa Space Systems (Ursa), on the use of radar satellite. As a part of the partnership Ursa will fuse radar data with other information sources, so it can offer unbiased monitoring information to its customers.
  • In February 2017, DigitalGlobe, a management consulting company based out of United Kingdom partnered with Esri and Harris Corporation to provide big data analytics to ArcGIS Users. This partnership will enable Esri’s users to access DigitalGlobe’s high-resolution satellite imagery and the analytical tools.

Segments Covered in the Report:

Global satellite data services market has been segmented based on the service, end-use, vertical, and region. Based on the service market is categorized into Image Data and Data Analytics. Based on the End Use, the market is segmented into government & military and commercial. Based on the vertical, the market is segmented into Energy & Power, Engineering & Infrastructure, Defense & Security, Environmental, Agriculture, Maritime, Forestry, Transportation & Logistics, and Insurance.

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Market Segmentation

Global Satellite Data Services Market by Service

• • Image Data
  • Data Analytics
    • Image Data Processing
      • Pan-Sharpening
      • Orthorectification
      • Mosaicking
      • Cloud Patching
    • Feature Extraction
    • Digital Models
      • Digital Terrain Models (DTM)
      • Digital Surface Models (DSM)
      • Digital Elevation Models (DEM)
    • Classification
      • Object Classification or Identification
      • Land Cover and Change Detection

Global Satellite Data Services Market by End-Use

• • Government & Military
    • National Space Agencies
    • Departments of Defense
    • National Security Agencies
    • Academic and Research Institutions
    • Departments of Environment & Agriculture
    • National Mapping & Topographic Agencies
    • Others
  • Commercial
    • Geological Companies
    • Mapping and Cartographic Companies
    • Mining, Oil, and Gas Companies
    • Transport, Construction, and Infrastructure Companies
    • Satellite Operators/Owners
    • Media and Entertainment
    • Others

Global Satellite Data Services Market by Vertical

• • Energy & Power
  • Engineering & Infrastructure
  • Defense & Security
    • Maritime and Land Surveillance Activities
  • Environmental
  • Agriculture
  • Maritime
  • Forestry
  • Transportation & Logistics
  • Insurance

Global Satellite Data Services Market by Region

• • North America Satellite Data Services Market  (Option 1: As a part of the free 25% customization)

• • • By Service
    • By End-Use
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

• • Europe Satellite Data Services Market  (Option 2: As a part of the free 25% customization)

• • • By Service
    • By End-Use
    • By Vertical
    • Spain Market All-Up
    • Netherlands Market All-Up
    • Germany Market All-Up
    • UK Market All-Up
    • France Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Satellite Data Services Market   (Option 3: As a part of the free 25% customization)

• • • By Service
    • By End-Use
    • By Vertical
    • China All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Malaysia Market All-Up
    • Australia Market All-Up
    • Rest of APAC Market All-Up

• • ROW Satellite Data Services Market   (Option 4: As a part of the free 25% customization)

• • • By Service
    • By End-Use
    • By Vertical
    • Brazil Market All-Up
    • Argentina Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market  All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • • Airbus Se
    • Digitalglobe, Inc.
    • Harris Geospatial Solutions, Inc.
    • Planet Labs, Inc.
    • Satellite Imaging Corporation
    • Ursa Space Systems
    • Satpalda Geospatial Services
    • Geospatial Intelligence Pyt. Ltd.
    • Earth-i Ltd.
    • Land Info Worldwide Mapping
    • Imagesat International (ISI)
    • Gisat S.R.O.