Title: Satellite Data Service Market
1Satellite Data Service Market
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2Satellite Data Service Market Global Scenario,
Market Size, Outlook, Trend, and Forecast, 2019
2028
- The global satellite data service market was
valued at US 6.18 billion in 2020 and US 7.35
billion in 2021, and is further anticipated to
reach US 26.73 billion by 2028, registering a
CAGR of 20.2 from 2021 to 2028. - Satellite data service is a process of collection
of data about earth, through man-made satellites
which are present in the earths orbit. These
satellites generate and capture information about
changes in the weather and surface on the earth.
Imaging satellites are responsible for the
clicking of images and sending them to the
authorized center. These images are further used
for commercial process called commercial
satellite imaging. Several commercial uses of the
images are securing energy resources,
surveillance of areas around the border,
environment management control and mapping of
projects under construction. Satellite data
service is widely used for observation of the
earth and in the development of smart cities.
Satellite data service also proves to be a big
help in the building of infrastructure projects
by providing high resolution images. These images
further help the engineers administrators by
providing more accuracy in the construction.
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3Market Dynamics
- Increasing prevalence in the demand of satellite
data services for industries like oil, mining,
agriculture and gas are the key reasons which
fuels the demand of the global satellite data
service market. Moreover, demand in earth
observation satellites, demand for satellites in
mapping construction sites and advancements in
geospatial imagery analytic also propel the
growth of global satellite data service market. - Lack of launch vehicles for the small category of
satellites and stringent government regulations
are the factors which hurdles the growth of the
global satellite data service. - Limited satellite bandwidth, satellite internal
legacy, complex nature of satellite and high
costs are the key reasons which challenges the
global satellite data service market. - Several companies are trying their level best in
the area to provide better advanced features in
the field of satellite data services. Increase in
the uses of artificial intelligence, high usage
of machine language and cloud in the aerospace
sector provide lucrative opportunities in the
market growth of global satellite data service
market.
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4Market Segmentation Geography Analysis
- The global satellite data service market is
bifurcated on the basis of Service, Vertical, End
User and region. Based on the Service, global
satellite data service market is segmented into
Image Data Data Analytics. Based on Vertical
type, the market is classified into Energy,
Defense, Intelligence, Environmental, Maritime,
Insurance, Transportation Logistics. and Power.
Based on end user, the global satellite data
service market is segmented into Government,
military and commercial. - On the basis of region, the global satellite data
service market is segmented into North America,
Europe, Asia-Pacific (APAC) and MEA. The North
America is further classified into U.S. Canada.
Europe is further segmented into Germany, U.K.,
France, Italy, Russia, Spain, and rest of Europe.
Asia-Pacific is segmented into China, Japan,
India, Australia, South Korea, and rest of APAC.
Currently, Asia-Pacific dominates the global
satellite data service market. Over a long period
of time, data analytics and satellite imaging
technologies have widely been used in
Asia-Pacific for the development of certain areas
marking the market growth. - Prominent players in the global satellite data
service market are DigitalGlobe, URSA Space
Systems, ImageSat International, L3Harris
Technologies, Airbus S.A.S., East View Geospatial
Inc., Maxar Technologies, Satellite Imaging
Corporation, Ursa Space Systems Inc, SpecTIR LLC
and Trimble Inc. among others.
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5Market Segmentation and scope of the global
Satellite data service market.
- Based on Service
- Data analytics
- Image data
- Based on Vertical
- Energy
- Defense
- Intelligence
- Environmental
- Maritime
- Insurance
- Transportation Logistics
- Power
- Based on End User
- Government
- Military
- Commercial
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6- Based on Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
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7Key Players in the global satellite data service
market
- ImageSat International.
- URSA Space Systems
- DigitalGlobe
- L3Harris Technologies.
- Airbus S.A.S.
- East View Geospatial Inc.
- Maxar Technologies.
- Satellite Imaging Corporation.
- Ursa Space Systems Inc.
- SpecTIR LLC.
- Trimble Inc.
- Others.
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