Global Satellite Data Services Market Report 2022
The major players in the satellite data services market are Airbus SAS, East View Geospatial Inc., ImageSat International (ISI), L3Harris Technologies Inc., Maxar Technologies, Planet Labs Inc., Satellite Imaging Corporation, SpecTIR LLC, Trimble Inc.
New York, Sept. 08, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Satellite Data Services Global Market Report 2022” – https://www.reportlinker.com/p06318574/?utm_source=GNW
Ursa Space Systems Inc., ICEYE, Space Exploration Technologies Corp., Ceinsys Tech Ltd. and Earth-i Ltd.
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 satellite data services market is expected to reach $18.07 billion in 2026 at a CAGR of 22.8%.
The satellite data services market includes sales of satellite data services by entities (organizations, individual companies, and partnerships) that enable effective data monitoring and mapping and are also used in the development of smart cities and connected vehicles. Satellite data services is defined as the process of collecting information about the earth, which is collected by artificial 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 using imaging satellites.
The main types of satellite data services are administrative, commercial and scientific. Satellite data administrative services enable efficient mapping and monitoring of resources, ecosystems and earth events.
The various services include data analysis, image data and others, which are used in many applications such as energy and electricity, defense and intelligence, engineering and infrastructure, agriculture, transport and logistics, etc.
North America was the largest region in the Satellite Data Services Market in 2021. Regions covered in the Satellite Data Services Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The Satellite Data Services Market research report is part of a series of new reports that provide statistics on the Satellite Data Services market, including the global market size of the services industry satellite data services, regional shares, competitors holding satellite data services market share, detailed segments of the satellite data services market. , market trends and opportunities, and any other data you may need to thrive in the Satellite Data Services industry. This Satellite Data Services Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The growing need for satellite data in various industries is expected to propel the growth of the satellite data services market in the future. The most common use of satellite data is to guide missiles and other military activities.
Satellite data services also provide information about changes in the earth’s surface and weather conditions. For example, in May 2021, United Launch Alliance (ULA), a US-based rocket manufacturer, launched the fifth Space-Based Infrared System satellite for the US space force. With the help of its onboard infrared sensors, the billion-dollar satellite, built by Lockheed Martin, is designed to recognize and track the plumes produced by missile launches around the world. Its capabilities would allow the United States to prepare for any impending attack. Hence, the growing need for satellite data in various industries is driving the growth of the satellite data services market.
New product advancements have become 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.
For example, in August 2019, Trimble Geospatial, an American company that provides geographic information systems and solutions engineering services, launched a new compact tablet for geospatial field applications that offers Bluetooth and WI- FI. The Trimble T7 tablet was designed for surveying data collection and geographic information system (GIS) applications.
It features a rugged 7-inch multi-touch display, modular expandability, multiple connectivity options, and a Windows 10 Pro operating system for optimal efficiency and productivity. The T7 streamlines the flow of geospatial data between the field and the office.
It is designed for the next-generation tablet that connects to Trimble’s suite of surveying instruments and Global Navigation Satellite System.
In December 2021, Planet, an American provider of satellite imagery and geospatial solutions, acquired VanderSat for $28 million. The acquisition is expected to bring Planet a world-class remote sensing data science team, leading accounts in the agriculture and insurance sectors, accelerate the software strategy and expand their footprint in Europe.
VanderSat is a Dutch provider of satellite observed data, products and services, with a particular focus on water and crops.
The countries covered in the Satellite Data Services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
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