Global Satellite Data Services Market Size is estimated to expand rapidly in coming years, at a CAGR of 20.5 % from 2018 to 2025. In 2017, the global market valuation was USD 7.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Some of the variables anticipated to boost market development are major advances in geospatial imagery analysis by introducing IA and Big Data, aviation sector restructuring as well as cloud development.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global satellite data services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global satellite data services market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Vertical Insights: On the basis of vertical, global satellite data services market has been segmented into energy & power, engineering & infrastructure, environmental, agriculture, maritime, transportation & logistics, insurance. The environmental segment is projected to grow in the satellite data service industry at the highest CAGR between 2019 and 2025. Satellite data or imaging is used in large turn-key projects for analysis, improved efficiency and reduced carbon footprint for their expected environmental impact. Hyper-spectral satellite imagery integrated with ground and laboratory information may be used for evaluation to obtain more accurate and quantitative soil properties, such as chemical soil properties, natural material and mineralogical contents, etc.
By End-Use Insights: On the basis of end-use, global satellite data services market has been segmented into commercial, government & military. The end-use segment is forecast to grow on the highest CAGR in the commercial segment of the data services market between 2019 and 2025. In the business sectors, the comprehensive use of satellite imagery for geologic mapping, near-realistic pipeline tracking, surveillance of large-scale projects, transport paths, building projects, and satellite information facilities has risen over the years, and as the technology is developed, independent satellite exploration and tracking will take a major part.
The satellite data services market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In satellite image and data analysis Asia pacific is expected to be the fastest-growing industry. In the previous ten years, urban and agricultural growth in the region has been served by satellite imaging and data analytics techniques. Companies working on different vertical lines, including electricity & energy, manufacturing & facilities, forestry, travel & operations and shipping, are using information-analytical technology to define prospective economies to improve their chances of development and to make policy choices. Governments such as India, China and Singapore are continuing to introduce data analytics for satellite images to support the development and scheduling of metropolitan infrastructures, track land use and track agriculture under the Precision agriculture components drive market growth.
Global Satellite Data Services Market Size, Share Analysis by Region 2018
Global Satellite Data Services Market Study Objective
1. To forecast the market size of satellite data services market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of satellite data services market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of satellite data services market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of satellite data services market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the satellite data services market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Airbus SE, Harris Geospatial Solutions, Inc, DigitalGlobe, Satellite Imaging Corporation, Planet Labs, Inc, ICEYE, URSA Space Systems, SATPALDA Geospatial Services, Earth-i Ltd., and Land Info Worldwide Mapping are some of the key players in the market of satellite data services. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Satellite Data Services Market Study Report Offer You!
The global satellite data services market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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