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Satellite Data Services - Global Market Outlook (2018-2027)

Satellite Data Services - Global Market Outlook (2018-2027)

4.8 (73 reviews)
Published: January 2020 ID: SMRC18703
4.8 (73 reviews)
Published: January 2020 ID: SMRC18703

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Satellite Data Services Market is accounted for $6.29 billion in 2018 and is expected to reach $30.77 billion by 2027 growing at a CAGR of 19.3% during the forecast period. Factors such as privatization of the space industry and significant advancements in emerging countries with the introduction of AI and Big Data are fuelling the market growth. However, lack of dedicated launch vehicles for Small Satellites is hampering the market.

Satellite data or satellite imagery is the process of collecting information about Earth, gathered by manmade satellites in their orbits. The most common use for satellite data is in Earth Observation (EO). Satellites deliver information about the surface and weather changes on the planet Earth. Satellite data services are majorly used in verticals such as agriculture, environmental, engineering & infrastructure, defence & security, energy & power, forestry, transportation & logistics, insurance, and maritime.

Amongst End User, the growth of the commercial segment is estimated to have a lucrative growth during the forecast period due to technological advancement in autonomous drilling and monitoring via satellite will play a key role in commercial industries. By Geography, Asia Pacific is likely to have a huge demand in emerging countries due to increasing adoption of data analytics for satellite imagery by governments such as India, China, and Singapore, to assist urban infrastructure development and planning, map land use, and monitor agriculture under the precision agriculture modules is driving the growth of the market.

Some of the key players in global Satellite Data Services market are Harris Geospatial Solutions, Inc., Earth-I Ltd., East View Geospatial, Blacksky, Satellite Imaging Corporation, Land Info Worldwide Mapping, Airbus SE, Planet Labs, DigitalGlobe, Inc. , SATPALDA Geospatial Services, URSA Space Systems, Ceinsys Tech Ltd., Imagesat International (ISI), ICEYE, Trimble Inc.

Services Covered:
• Data Analytics
• Image Data

End Users Covered:
• Defence & Security
• Agriculture
• Forestry
• Insurance
• Environmental
• Energy & Power
• Transportation & Logistics
• Maritime
• Engineering & Infrastructure
• Commercial
• Government & Military

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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