The global satellite data service market size reached US$ 9.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.4 Billion by 2032, exhibiting a growth rate (CAGR) of 14.8% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Satellite Data Service
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global satellite data service market size reached
US$ 9.2 Billion in 2023.
Satellite data service is an internet service that is generally provided to
individual users and multiple businesses via geostationary satellites. It
involves the utilization of radio waves for transmitting high-speed wireless data
connections. Additionally, it is also used for capturing earth images, which is
extensively utilized for disaster and traffic management, earth observation, and
mapping constructional projects.
As a result, it aids in offering global coverage, enhanced speed, reliability, and
instant installation in a cost-efficient manner. Rapid urbanization and the
increasing initiatives for smart cities development are continually offering
lucrative opportunities for market growth.
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4. Report Description
Global Satellite Data Service Market Trends:
The global market is primarily driven by the rising demand for high-speed internet connectivity among the masses.
This is supported by rapid digitization and the increasing adoption of smartphones among individuals. In line with
this, the escalating need for reliable internet connection at affordable prices across geographically extended and
rural locations is further propelling the market growth. Along with this, the widespread utilization of satellite data
services for environmental monitoring and management due to the growing concerns about environmental
degradation is providing a boost to the market growth. Moreover, the increasing adoption of the service solution
for monitoring border areas and energy resources is positively influencing the market growth.
Furthermore, the rising investments by private and public firms in infrastructural development projects across the
globe is also favoring market growth. In addition to this, continual technological advancements across the space
industry, such as the growing adoption of machine learning (ML), artificial intelligence (AI), and cloud computing,
are also providing an impetus to market growth.
Looking forward, the market is anticipated to reach a value of US$ 33.4 Billion by 2032, expanding at a
CAGR of 14.8% during 2024-2032.
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5. Report
Segmentation
Breakup by Service:
• Data Analytics
• Image Data
Breakup by Application:
• Scientific
• Administrative
• Commercial
Breakup by Vertical:
• Defence and Security
• Energy and Power
• Agriculture
• Environmental
6. Report
Segmentation
• Engineering and Infrastructure
• Marine
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• Airbus SE
• Ceinsys Tech Limited
• Geospatial Intelligence Pyt. Ltd.
• Gisat S.R.O.
• ICEYE
• L3harris Technologies Inc.
• Maxar Technologies Inc.
• Planet Labs Inc.
• Satellite Imaging Corporation
• Telstra Corporation Limited
• Trimble Inc.
• Ursa Space Systems Inc.
8. Key Questions
Answered in
the Report
How big is the global satellite data service market?
What is the expected growth rate of the global satellite data
service market during 2024-2032?
What are the key factors driving the global satellite data
service market?
What has been the impact of COVID-19 on the global satellite
data service market?
What is the breakup of the global satellite data service market
based on the service?
What is the breakup of the global satellite data service market
based on the vertical?
What are the key regions in the global satellite data service
market?
Who are the key players/companies in the global satellite data
service market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Satellite Data Service Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Data Analytics
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Image Data
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
7 Market Breakup by Application
7.1 Scientific
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
10. Table of
Contents
7.2 Administrative
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Commercial
7.3.1 Market Trends
7.3.2 Mark et Forecast
8 Market Breakup by Vertical
8.1 Defence and Security
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Energy and Power
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Agriculture
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Environmental
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
8.5 Engineering and Infrastructure
8.5.1 Mark et Trends
8.5.2 Mark et Forecast
8.6 Marine
8.6.1 Mark et Trends
8.6.2 Mark et Forecast
8.7 Others
8.7.1 Mark et Trends
8.7.2 Mark et Forecast
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