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Satellite Data Service Market

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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 earth’s orbit. These satellites generate and capture information about changes in the weather and surface on the earth. – PowerPoint PPT presentation

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Title: Satellite Data Service Market


1
Satellite Data Service Market
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Satellite 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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Market 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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Market 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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Market 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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  • 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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Key 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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