Global Satellite Data Services Market Overview And Prospects – Includes Satellite Data Services Market Demand
Learn about the global satellite data services market through The Business Research Company, which provides information on satellite data services market size, satellite data services market drivers and restraints, satellite data services market players, the COVID-19 impact on the satellite data services market, and more.
The global satellite data services market is expected to grow from $6.28 billion in 2021 to $7.95 billion in 2022 at a compound annual growth rate (CAGR) of 26.6%. The global satellite data services market size is expected to grow to $18.07 billion in 2026 at a CAGR of 22.8%.
The increasing need for satellite data in various industries is expected to propel the growth of the satellite data services market going forward.
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The satellite data services market consists of sales of satellite data services by entities (organizations, sole traders, and partnerships) that enable efficient data monitoring and mapping and are also used in the development of smart cities and connected vehicles. Satellite data services are defined as the process of collecting information about the earth, which is gathered by manmade satellites in their orbits. Satellites provide information about surface and weather changes on the planet. These services deal with capturing images of the Earth or other planets with the assistance of imaging satellites.
Global Satellite Data Services Market Segments Include:
By Type: Administrative, Commercial, Scientific
By Service: Data Analytics, Image Data, Others
By Application: Energy and Power, Defense and Intelligence, Engineering and Infrastructure, Transportation and Logistics, Agriculture, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global satellite data services market in 2021.
New product advancements have emerged as a key trend gaining popularity in the satellite data services market. Major companies operating in satellite data services are developing new products to strengthen their position in the market.
TBRC’s Satellite Data Services Market Report Covers:
Major Market Players: Airbus S.A.S., East View Geospatial Inc., ImageSat International (ISI), L3Harris Technologies Inc., Maxar Technologies, Planet Labs Inc., Satellite Imaging Corporation, SpecTIR LLC, Trimble Inc., Ursa Space Systems Inc., ICEYE, Space Exploration Technologies Corp., Ceinsys Tech Ltd., and Earth-i Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Satellite Data Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides satellite data services market overviews, analyzes and forecasts market size, share, satellite data services market players, satellite data services market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s satellite data services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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