Satellite Data Services Market: Information by Vertical (Defense and Intelligence, Environmental), Service (Image Data), End-Use (Commercial), and Region—Forecast till 2029

Feb 26, 2021   The satellite data services capture images of Earth or other planets orbiting in space using imaging satellites. The use of satellite images for a commercial purpose is called commercial satellite imaging. Commercial imaging has a wide range of applications, such as building mapping, border region surveillance, energy supply protection, and environmental monitoring and control. Earth imaging has various uses, including infrastructure planning and development, disaster management, new energy sour...
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The satellite data services capture images of Earth or other planets orbiting in space using imaging satellites. The use of satellite images for a commercial purpose is called commercial satellite imaging. Commercial imaging has a wide range of applications, such as building mapping, border region surveillance, energy supply protection, and environmental monitoring and control. Earth imaging has various uses, including infrastructure planning and development, disaster management, new energy sources exploitation, traffic management, green mapping, and topographic mapping.

The primary application of satellite data is earth observation (EO). Satellite data is also used in developing a plan for the construction of smart cities and connected cars. Urban developers use this data to understand settlement patterns and to ensure streamlined infrastructure management.

The rising implementation of artificial intelligence and machine learning in the space industry offers satellite data services numerous opportunities to deliver combined AI and ML solutions. The AI platforms provide insights into aspects previously unavailable to human eyes, such as societal, economical, and industrial processes.

Defense contractors, like Lockheed Martin Company, have developed a global automatic target recognition (GATR) for satellite imaging framework. The framework uses deep learning libraries in open-source format to easily and efficiently define and recognize broad data sets. The defense sector is also leveraging GATR functionality to enhance the Beyond Visual Range) BVR missile system as they have a very high range.

The merger of cloud computing with satellite imaging helps researchers to view imaging data from distant areas. Cloud infrastructure help companies to view historical data for research. Amazon Web Services, Inc. also deployed it for services on two ground stations to withstand the distributed computing capability by utilizing Verge antenna systems from Lockheed Martin. Amazon's AWS Earth provides various databases, such as photographs from the satellite constellations NEXRAD, Landsat, GOES, MODIS, and Sentinel-2, allowing consumers to make calculated decisions.

Privatization of the space industry, a growing need for businesses to succeed in their markets, and an increase in demand for small earth observation satellites also contribute to market growth. However, strict government regulations on satellite operation and the lack of dedicated launch vehicles for small satellites are expected to hinder the market growth. Contrarily, 4D GIS satellite data technological convergence and the start of the digital space age are projected to create new manufacturing opportunities and serve as an incentive for global economic growth.

As observer satellites are progressively being used by governments and private companies in Russia, Germany, the United Kingdom, and France, Europe is projected to be the second-largest region on the basis of sales

Impact of COVID-19

With the COVID-19 pandemic outbreak, businesses have severely impacted several businesses. The pandemic severely impacted satellite data services as they need to collect, monitor, and analyze data via supercomputers, and they require on-premise access. Owing to government-imposed lockdown and social distancing norms, the companies had to access their data and servers remotely, affecting their efficiency and productivity.

However, satellite services proved to be a boon for the world during the pandemic by providing accurate data on the COVID-19 spread. GPS and remote sensing satellite services also provided numerous support during the COVID-19 period.

Post-COVID Market Scenario

In the post-COVID-19 world, the demand for satellite data services is expected to increase as businesses plan to monitor their supply chains using satellite data services. For example, owing to coronavirus pandemic, NASA, JAXA, and ESA announced a joint partnership to utilize cumulative capabilities of Earth-observing satellite data to record environmental and human societal changes.

Surge in the Privatization of Space Industry

Improvements in the privatization of the space industry, a growing imperative for companies to succeed in their markets, major developments in geospatial imagery with the introduction of AI and Big Data, and a rise in demand for small earth observation satellites are the factors behind the rise of the global market for satellite data services.

Privatization allows companies to work independently and provide innovative solutions to their customers. For instance, SpaceX, a U.S.-based private space organization, is focusing on the rapid development of its product and space program. Through this strategy, they have gained a lot of recognition and appreciation worldwide. However, conformity with and absence of dedicated launch vehicles for small satellites prohibits the companies from enforcing stringent government controls on the use of satellites.

Rising Advancements in Geospatial Industry

The emergence of Artificial Intelligence, Machine Learning, Big Data, space-related privatization, development in cloud computing, and growing developments in geospatial analytics are core drivers of business economic advancement. Machine learning algorithms provide powerful methods and insights for satellite imagery research.

The increased demand for agricultural satellite imagery, increased technical adoption, such as IoT, data collection processing, and an increasing need to take account of global environmental impacts are driving market expansion. The increased demand among satellite information companies to sustain market competition and the introduction of 4D GIS satellite data tools are also expected to drive the market growth during the forecast period. However, strict satellite deployment regulations and the shortage of dedicated satellite launch vehicles can reduce the demand for small satellites.

Segmental Outlook

Environmental Segment to Record Highest Growth

Based on vertical, the environmental segment is projected to grow at the highest CAGR during the forecast period. The need for high-definition earth images to reliably track wilderness populations, recognize deforestation patterns and record illicit mining has provided a lucrative growth opportunity for the environmental industry.

Updated meteorological satellite imagery has been an opportunity for business development to monitor recent developments in the atmosphere and to make necessary developments. Federal agencies have also planned missions utilizing the LiDAR satellite to track the forest cover and the overland fuel and biomass supplies. NASA has developed GEDI, which allows the International Space Station (ISS) to map on a case-by-case basis, to minimize the need for aircraft to be used for aerial surveillance, which requires air traffic control.

Defense Segment Based Projected to Record High Growth

The defense segment is projected to bolster during the forecast period. The defense and intelligence category dominated the revenue share in 2019. Advances in satellite technology allow local administrations and security personnel to detect and access the movement of individuals and facilities, identify the destruction of natural disasters, and locate camouflage hideouts.

Companies are taking initiatives to include satellite imagery-as-a-service to promote efficient and data-driven decision-making in operations, engineering, processing, and delivery. For instance, Earth-i Ltd., a geospatial intelligence firm, provides an enticing service to military organizations by integrating data analysis and Earth surface every day.

Commercial Segment to Dominate the Market

Based on end-users, the commercial segment is projected to record a significant CAGR during the forecast period. The use of satellite imagery for multi-scale geological mapping, near-real-time tracking of offshore pipelines, surveillance of critical developments, transport routes, construction sites, demand for satellite data services is expected to drive the market growth during the forecast period. Automated satellite exploration and monitoring are expected to play a significant role in the industrial sector due to advanced innovations.

Regional Outlook

Satellite-Data-Services-Market

North America

North America is expected to observe high demand for satellite data services due to the presence of various satellite observation manufacturers and NASA's heavy spending on advanced satellite research and growth. North America led the global demand for satellite services in 2019 and is projected to remain the largest geographic market during the forecast period.

Asia-Pacific

The APAC market is expected to record the highest CAGR during the forecast period. The growth can be attributed to massive investment for the development of modern observation satellites by private companies and space agencies in China and India. Several earth observation, networking and navigation entities, space organizations, and private companies are operating in these countries, which are expected to fuel the market growth.

Recent Development

  • On January 24, 2021, SpaceX launched the Falcon 9 rocket Sunday with 143 tiny satellites, boosting start-ups and underlining the U.S. military tracking network to sort locations of all objects in orbit.
  • On 2018, Airbus entered into a partnership with the data fusion and analytics company, Ursa Space Systems (Ursa) with a four-year arrangement. Under this deal, Ursa will analyze and fuse radar data, and offer information about monitoring and consumer monitoring services to its energy and financial sector customers.

Industry Participants

Key players in the global Satellite Data Services market include Airbus S.A.S., ImageSat International, East View Geospatial Inc., Maxar Technologies, L3Harris Technologies, Inc., Satellite Imaging Corporation, Planet Labs Inc., Trimble Inc., SpecTIR LLC., Ursa Space Systems Inc., and DigitalGlobe, Inc. among others.

Satellite Data Services Market: Segmentation

By Vertical

  • Energy and Power
  • Defense and Intelligence
  • Engineering and Infrastructure
  • Environmental
  • Agriculture
  • Maritime
  • Insurance
  • Transportation and Logistics

By Service

  • Data Analytics
  • Image Data

By End-Use

  • Commercial
  • Government and Military

By Region

  • North America
  • Europe
  • Asia-Pacific
  • The SAMEA

Frequently Asked Questions (FAQs)

The rising implementation of artificial intelligence and machine learning in the space industry, rise in demand for small earth observation satellites, increased demand for agricultural satellite imagery, increased technical adoption are the key factors expected to drive Satellite Data Services Market during the forecast period.
Airbus S.A.S., ImageSat International, East View Geospatial Inc., Maxar Technologies, L3Harris Technologies, Inc., Satellite Imaging Corporation, Planet Labs Inc., Trimble Inc., SpecTIR LLC., Ursa Space Systems Inc., and DigitalGlobe, Inc are the top players in Satellite Data Services Market.
North America is expected to hold the highest market share in Satellite Data Services Market.
Commercial Segment is expected to be the leading segment in Satellite Data Services Market during the forecast period.
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The satellite data services capture images of Earth or other planets orbiting in space using imaging satellites. The use of satellite images for a commercial purpose is called commercial satellite imaging. Commercial imaging has a wide range of applications, such as building mapping, border region surveillance, energy supply protection, and environmental monitoring and control. Earth imaging has various uses, including infrastructure planning and development, disaster management, new energy sources exploitation, traffic management, green mapping, and topographic mapping.

The primary application of satellite data is earth observation (EO). Satellite data is also used in developing a plan for the construction of smart cities and connected cars. Urban developers use this data to understand settlement patterns and to ensure streamlined infrastructure management.

The rising implementation of artificial intelligence and machine learning in the space industry offers satellite data services numerous opportunities to deliver combined AI and ML solutions. The AI platforms provide insights into aspects previously unavailable to human eyes, such as societal, economical, and industrial processes.

Defense contractors, like Lockheed Martin Company, have developed a global automatic target recognition (GATR) for satellite imaging framework. The framework uses deep learning libraries in open-source format to easily and efficiently define and recognize broad data sets. The defense sector is also leveraging GATR functionality to enhance the Beyond Visual Range) BVR missile system as they have a very high range.

The merger of cloud computing with satellite imaging helps researchers to view imaging data from distant areas. Cloud infrastructure help companies to view historical data for research. Amazon Web Services, Inc. also deployed it for services on two ground stations to withstand the distributed computing capability by utilizing Verge antenna systems from Lockheed Martin. Amazon's AWS Earth provides various databases, such as photographs from the satellite constellations NEXRAD, Landsat, GOES, MODIS, and Sentinel-2, allowing consumers to make calculated decisions.

Privatization of the space industry, a growing need for businesses to succeed in their markets, and an increase in demand for small earth observation satellites also contribute to market growth. However, strict government regulations on satellite operation and the lack of dedicated launch vehicles for small satellites are expected to hinder the market growth. Contrarily, 4D GIS satellite data technological convergence and the start of the digital space age are projected to create new manufacturing opportunities and serve as an incentive for global economic growth.

As observer satellites are progressively being used by governments and private companies in Russia, Germany, the United Kingdom, and France, Europe is projected to be the second-largest region on the basis of sales

Impact of COVID-19

With the COVID-19 pandemic outbreak, businesses have severely impacted several businesses. The pandemic severely impacted satellite data services as they need to collect, monitor, and analyze data via supercomputers, and they require on-premise access. Owing to government-imposed lockdown and social distancing norms, the companies had to access their data and servers remotely, affecting their efficiency and productivity.

However, satellite services proved to be a boon for the world during the pandemic by providing accurate data on the COVID-19 spread. GPS and remote sensing satellite services also provided numerous support during the COVID-19 period.

Post-COVID Market Scenario

In the post-COVID-19 world, the demand for satellite data services is expected to increase as businesses plan to monitor their supply chains using satellite data services. For example, owing to coronavirus pandemic, NASA, JAXA, and ESA announced a joint partnership to utilize cumulative capabilities of Earth-observing satellite data to record environmental and human societal changes.

Surge in the Privatization of Space Industry

Improvements in the privatization of the space industry, a growing imperative for companies to succeed in their markets, major developments in geospatial imagery with the introduction of AI and Big Data, and a rise in demand for small earth observation satellites are the factors behind the rise of the global market for satellite data services.

Privatization allows companies to work independently and provide innovative solutions to their customers. For instance, SpaceX, a U.S.-based private space organization, is focusing on the rapid development of its product and space program. Through this strategy, they have gained a lot of recognition and appreciation worldwide. However, conformity with and absence of dedicated launch vehicles for small satellites prohibits the companies from enforcing stringent government controls on the use of satellites.

Rising Advancements in Geospatial Industry

The emergence of Artificial Intelligence, Machine Learning, Big Data, space-related privatization, development in cloud computing, and growing developments in geospatial analytics are core drivers of business economic advancement. Machine learning algorithms provide powerful methods and insights for satellite imagery research.

The increased demand for agricultural satellite imagery, increased technical adoption, such as IoT, data collection processing, and an increasing need to take account of global environmental impacts are driving market expansion. The increased demand among satellite information companies to sustain market competition and the introduction of 4D GIS satellite data tools are also expected to drive the market growth during the forecast period. However, strict satellite deployment regulations and the shortage of dedicated satellite launch vehicles can reduce the demand for small satellites.

Segmental Outlook

Environmental Segment to Record Highest Growth

Based on vertical, the environmental segment is projected to grow at the highest CAGR during the forecast period. The need for high-definition earth images to reliably track wilderness populations, recognize deforestation patterns and record illicit mining has provided a lucrative growth opportunity for the environmental industry.

Updated meteorological satellite imagery has been an opportunity for business development to monitor recent developments in the atmosphere and to make necessary developments. Federal agencies have also planned missions utilizing the LiDAR satellite to track the forest cover and the overland fuel and biomass supplies. NASA has developed GEDI, which allows the International Space Station (ISS) to map on a case-by-case basis, to minimize the need for aircraft to be used for aerial surveillance, which requires air traffic control.

Defense Segment Based Projected to Record High Growth

The defense segment is projected to bolster during the forecast period. The defense and intelligence category dominated the revenue share in 2019. Advances in satellite technology allow local administrations and security personnel to detect and access the movement of individuals and facilities, identify the destruction of natural disasters, and locate camouflage hideouts.

Companies are taking initiatives to include satellite imagery-as-a-service to promote efficient and data-driven decision-making in operations, engineering, processing, and delivery. For instance, Earth-i Ltd., a geospatial intelligence firm, provides an enticing service to military organizations by integrating data analysis and Earth surface every day.

Commercial Segment to Dominate the Market

Based on end-users, the commercial segment is projected to record a significant CAGR during the forecast period. The use of satellite imagery for multi-scale geological mapping, near-real-time tracking of offshore pipelines, surveillance of critical developments, transport routes, construction sites, demand for satellite data services is expected to drive the market growth during the forecast period. Automated satellite exploration and monitoring are expected to play a significant role in the industrial sector due to advanced innovations.

Regional Outlook

Satellite-Data-Services-Market

North America

North America is expected to observe high demand for satellite data services due to the presence of various satellite observation manufacturers and NASA's heavy spending on advanced satellite research and growth. North America led the global demand for satellite services in 2019 and is projected to remain the largest geographic market during the forecast period.

Asia-Pacific

The APAC market is expected to record the highest CAGR during the forecast period. The growth can be attributed to massive investment for the development of modern observation satellites by private companies and space agencies in China and India. Several earth observation, networking and navigation entities, space organizations, and private companies are operating in these countries, which are expected to fuel the market growth.

Recent Development

  • On January 24, 2021, SpaceX launched the Falcon 9 rocket Sunday with 143 tiny satellites, boosting start-ups and underlining the U.S. military tracking network to sort locations of all objects in orbit.
  • On 2018, Airbus entered into a partnership with the data fusion and analytics company, Ursa Space Systems (Ursa) with a four-year arrangement. Under this deal, Ursa will analyze and fuse radar data, and offer information about monitoring and consumer monitoring services to its energy and financial sector customers.

Industry Participants

Key players in the global Satellite Data Services market include Airbus S.A.S., ImageSat International, East View Geospatial Inc., Maxar Technologies, L3Harris Technologies, Inc., Satellite Imaging Corporation, Planet Labs Inc., Trimble Inc., SpecTIR LLC., Ursa Space Systems Inc., and DigitalGlobe, Inc. among others.

Satellite Data Services Market: Segmentation

By Vertical

  • Energy and Power
  • Defense and Intelligence
  • Engineering and Infrastructure
  • Environmental
  • Agriculture
  • Maritime
  • Insurance
  • Transportation and Logistics

By Service

  • Data Analytics
  • Image Data

By End-Use

  • Commercial
  • Government and Military

By Region

  • North America
  • Europe
  • Asia-Pacific
  • The SAMEA

Frequently Asked Questions (FAQs)

The rising implementation of artificial intelligence and machine learning in the space industry, rise in demand for small earth observation satellites, increased demand for agricultural satellite imagery, increased technical adoption are the key factors expected to drive Satellite Data Services Market during the forecast period.
Airbus S.A.S., ImageSat International, East View Geospatial Inc., Maxar Technologies, L3Harris Technologies, Inc., Satellite Imaging Corporation, Planet Labs Inc., Trimble Inc., SpecTIR LLC., Ursa Space Systems Inc., and DigitalGlobe, Inc are the top players in Satellite Data Services Market.
North America is expected to hold the highest market share in Satellite Data Services Market.
Commercial Segment is expected to be the leading segment in Satellite Data Services Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.