Satellite Data Services Market Size, Industry Analysis Report Application(Scientific, Administrative, Commercial), Industrial Vertical(Defense & Security, Energy & Power, Agriculture, Environmental, Engineering & Infrastructure, Marine) & Region – Forecasts 2022-2030
The Global Satellite Data Services Market is estimated to reveal a substantial growth of a CAGR 27% during the forecasted period of 2022 to 2030. As per market experts, global satellite data services market is anticipated to observe a noteworthy growth by 2030. The global satellite data services market was treasured at USD 5.3 billion in 2019, and is estimated to parade an immense transformation and reach USD 73.47 billion by 2030.
Global Satellite Data Services is a means of acquiring information about the Planet via man-made satellites in orbit. Weather variations, earth surface information, and changes in clouds, land, ice, and oceans are among the data supplied by satellites. The satellite also measures gases in the atmosphere, such as carbon dioxide and oxygen levels. The spacecraft is specifically built to monitor atmospheric changes as well as the quantity of energy absorbed and radiated by Earth.
A satellite data is understood as information about Earth and other planets, gathered through manmade satellite. The most common use of satellite data is Earth observation.
Commercial satellite imaging refers to information obtained from a satellite that is used for commercial purposes. This satellite imaging comprises of the study and monitoring of the global environment and its management, as well as the security of energy resources and all other studies related to the atmosphere. The satellite study also covers data collection for border surveillance, construction projects, weather disasters, disaster management, traffic management, and other purposes.
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Market Segmentation:
The global satellite data services market can be segmented in various ways depending on different factors. Here are some possible segmentation approaches:
- By type of service:
- Data transmission services
- Imagery and mapping services
- Weather forecasting services
- Navigation and tracking services
- Others (e.g., telecommunication services)
- By end-use industry:
- Government and military
- Agriculture
- Energy and natural resources
- Transportation and logistics
- Environmental monitoring
- Others (e.g., media and entertainment)
- By type of satellite:
- Geostationary Earth Orbit (GEO) satellites
- Low Earth Orbit (LEO) satellites
- Medium Earth Orbit (MEO) satellites
- Others (e.g., Polar Orbiting Satellites)
- By region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
- By application:
- Remote sensing
- Earth observation
- Communication
- Scientific research
- Meteorology
- Others (e.g., military surveillance)
Based on the regional overview, the market occupies following regions such as North America, Europe, Asia Pacific, Latin America, and MEA. Region wise, North America stood on largest position and was a leading revenue contributor with revenue share of 33% in 2019.
Global Satellite Data Services Market: Competitive Landscape
The global space launch services market is highly competitive industry despite various barriers to enter in market due to huge investment costs.
The renowned players are making profit from the initial setup and production. They are also funding the development and trying to bring in gen-next technology to produce technically sound products in market.
Some of the reputed companies are Airbus S.A.S, DigitalGlobe, Harris Geospatial Solutions, Inc., Planet Labs, Inc., Ursa Space Systems, and ICEYE.
Report Scope:
Global Space Launch Services Market Forecast Years: 2022-2030
Global Space Launch Services Market Historical Years: 2018-2021
Global Space Launch Services Market 2019: USD 5.3 billion
Global Space Launch Services Market 2030: USD 73.47 billion
Global Space Launch Services Market CAGR: 27%
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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