Satellite Data Services Market Insights, Current And Future Market Trends & Forecast Till 2027

This detailed market study covers satellite data services market growth opportunities and competitive scenarios, which can assist the stakeholders in understanding market trends and prospects in the satellite data services market. The market report focuses on data from a combination of primary and secondary sources and analyses the information using numerous tools. The research report also offers a detailed analysis of each segment in the satellite data service and evaluates the impact of the COVID-19 outbreak on the industry.

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Satellite Data Services Market Competitive Rivalry

The market report includes an analysis of the competitive landscape present in the industry. It consists of an assessment of the existing and ongoing trends that players can invest in. The notable players in the global satellite data services market are Harris Geospatial Solutions, Inc., Geospatial Intelligence Pyt. Ltd., Earth-i Ltd., Planet Labs, Inc., Land Info Worldwide Mapping, Satellite Imaging Corporation, Ursa Space Systems, Airbus SE, Digitalglobe, Inc., Satpalda Geospatial Services, Imagesat International (ISI), and Gisat S.R.O., among others.

Satellite Data Services Market Drivers

The significant factors contributing to the growth of the global satellite data services market include the rising number of advancements in geospatial imagery analytics and the increasing implementation of Artificial Intelligence (AI), Machine Learning (ML), and big data, privatization of space industry, and growth of cloud computing. Machine Learning (ML) algorithms provide efficient tools for analyzing satellite imagery and applicable insights. In addition to this, the accelerating demand for satellite imaging for agriculture, increasing penetration of technology such as IoT and data analytics to retrieve data, and the growing requirement to understand environmental impact on a global scale are certain factors that are responsible for the expansion of the satellite data services market size.

The strong demand for satellite data among enterprises to ensure their market competitiveness and implementation of 4D GIS software with satellite data is boosting the growth of the market over the forecast period. On the other edge, numerous stringent government regulations for the implementation of satellite and the lack of dedicated launch vehicles for small satellites are likely to restrain the growth of the market.

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Satellite Data Services Market Segmentation

The chapter of segmentation provides the readers with an overview of the global satellite data services market, such as its products, applications, and other relevant factors of the industry. Understanding the market segments helps in identifying the importance of different factors that surges market growth over the forecast period (2020-2027).

Segment by Service:

Image Data

Spatial

Very High Resolution
High Resolution
Medium-Low Resolution

Spectral
Temporal
Radiometric

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

Segment 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

Segment by Vertical:

Energy & Power

Mining and Mineral Exploration
Oil and Gas Operation
Pipeline and Transmission Survey

Engineering & Infrastructure

3D Urban and Terrain Modeling (DTM)
Airport Mapping
Land & Urban Management

Defense & Security

Maritime and Land Surveillance Activities
Critical Infrastructure Protection
Crime Mapping
Monitoring of Airfields

Environmental

Global Climate Change
Land Cover and Change Detection
Air & Water Pollution
Natural Disasters
Natural Hazards

Agriculture

Crop Type Identification
Precision Farming

Maritime

Ports & Harbors Monitoring
Coastal Management (Survey Waters, Detect Vessels, Track Activities)

Forestry
Transportation & Logistics
Insurance

Flood Monitoring
Property Damage Estimation

Segment by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)