GMI Research analysis indicates that the global satellite data services market estimated at USD 5.1 Billion in 2019 and is slated to register a doble-digit growth of about 26.7% over the period, 2020-2027 and projected to reach USD 34.1 Billion in 2027.

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.

Satellite data efficiently map and monitor Earth’s resources, ecosystems, and occurrences. Satellite data is used for scientific, administrative, and commercial applications.

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The major factors that are driving the market growth are increasing advancements in geospatial imagery analytics along with the implementation of Artificial Intelligence (AI), Machine Learning (ML), and big data, privatization of space industry, and growth of cloud computing. Machine Learning (ML) algorithms help to provide efficient tools for analysing satellite imagery and applicable insights. Moreover, increasing demand for satellite imaging for agriculture, rising penetration of technology such as IoT and data analytics to retrieve data, and growing need to understand environmental impact on a global scale are further fuelling the market growth. Rising demand for satellite data among enterprises to ensure their market competitiveness and implementation of 4D GIS software with satellite data is also propelling the growth of the market during the forecast period. However, stringent government regulation for the implementation of satellite and lack of dedicated launch vehicles for small satellites may hamper the market growth.

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Based on the service, data analytics segment is expected to grow the fastest rate during the forecast period owing to the increasing use of satellite images for monitoring crops, coastal traffic, flooding, and others. 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, the commercial segment is expected to grow at a significant rate in the satellite data service market during the forecast period due to wide adoption of satellite data for commercial application such as transport, construction, & infrastructure and oil & mining for precision monitoring and pipeline monitoring Technological advancement, autonomous drilling, and tracking via satellite are also driving the market growth of the commercial segment in the satellite data service market. Additionally, it is widely used for multi-scale geological mapping, monitoring pipelines via satellite in near real-time, shipping routes, construction sites that increase the demand for satellite data services in the commercial segment.

The massive use of satellite imagery for multi-scale geological mapping, monitoring pipelines, monitor large project developments, construction sites, shipping routes the requirement for satellite data services has increased over the years, and as technology gets more advanced, autonomous drilling and monitoring via satellite will play a key role in commercial industries

Based on the vertical, the environmental segment is expected to grow at the highest rate during the forecast period due to the rising government investments and private organizations across the globe to stop global warming. 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 the region, Asia-pacific is expected to the fastest-growing segment in the satellite data service market during the forecast period. Satellite imagery and data analytical technologies are extensively used for rural and agricultural development in this region. Companies in the verticals namely energy & power, defense & security, transportation & logistics, among others are using data analytical technologies to detect potential markets to improve their growth.

Major players of the Satellite Data Services market are focusing on expanding 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 include 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., among others.

Key Developments:

• • In Oct 2018, Airbus entered into a partnership with Ursa Space Systems (Ursa), a data fusion and analytics company, and signed a four-year contract. Under this partnership Ursa will analyze and fuse radar data and deliver monitoring information and customer monitoring services to their customers in the energy & financial sectors and Airbus will provide access to its radar satellite data
  • In Feb 2017, DigitalGlobe entered into a partnership with Esri and Harris Corporation, which will enable access DigitalGlobe’s high-resolution satellite imagery time-lapse library. Under this partnership integrates, DigitalGlobe’s Geospatial Big Data platform, GBDX, with Harris’ ENVI remote sensing analytics portfolio and Esri’s ArcGIS Enterprise 10.5 platform. That will allow to subscriber to access and determine the analytics to be accomplish within their federated enterprise GIS to obtain insights from Earth observation data.

The 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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Key questions answered in this research report:

• • At what pace is the global satellite data services market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the global satellite data services market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global satellite data services market?
  • What are the various end-uses of the global satellite data services market, and how they are poised to grow?

Report Coverage	Details
Market Revenues (2019)	USD 5.1 Billion
Market Base Year	2019
Market Forecast Period	2020-2027
Base Year & Forecast Units	Value (USD Billion)
Market Segment	By Service, By End Use, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	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. among others
25% Free Customization Available	We will customize this report by up to 25% as free customization to address our client’s specific requirements

Market Segmentation

Global Satellite Data Services Market 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

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
    • Mining and Mineral Exploration
    • Oil and Gas Operation
    • Pipeline and Transmission Survey
  • Engineering & Infrastructure
    • 3D Urban and Terrain Modelling (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

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.