Portland, OR, Oct. 21, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global satellite data service market generated $6.09 billion in 2020, and is projected to reach $45.85 billion by 2030, witnessing a CAGR of 22.5% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Surge in the demand for satellite data from various industry verticals, increase in demand for earth observation satellites, and privatization of the space industry drive the growth of the global satellite data service market. However, stringent government regulations for the implementation and use of satellites, and lack of dedicated launch vehicles for small satellites restrain the market to some extent. On the other hand, rise in New Space movement and increase in adoption of artificial intelligence (AI), machine learning (ML) and cloud computing in the space sector present new opportunities in the upcoming years.
Download Report (274 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/6793
COVID-19 scenario of Satellite Data Services:
- The outbreak of the COVID-19 pandemic caused disruptions in the supply chain, which in turn, hampered mission deployments along with slowing down the deliveries of new products.
- However, Government contractors in Asia, Europe, and North America have been benefitted from significant administrative and financial support from space agencies during the pandemic.
The report offers detailed segmentation of the global satellite data service market based on vertical, service, end use, and region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/6793
Based on vertical, the environmental segment held the highest market share in 2020, holding nearly one-third of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the defense & intelligence segment is estimated to register the highest CAGR of 25.7% from 2021 to 2030.
Based on service, the image data segment held the largest market share in 2020, holding nearly two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the data analytics segment is projected to register the highest CAGR of 23.7% from 2021 to 2030.
Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/6793
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, North America is also projected to manifest the fastest CAGR of 23.2% during the forecast period. Other regions discussed in the report include Europe, Asia-Pacific, and LAMEA.
Leading players of the global satellite data service market analyzed in the research include Airbus S.A.S., East View Geospatial Inc., ImageSat International, L3Harris Technologies, Inc., Maxar Technologies, Planet Labs Inc., Satellite Imaging Corporation, SpecTIR LLC, Trimble Inc. and Ursa Space Systems Inc.
Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/6793
Similar Reports We Have on Satellite Industry:
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and Nano Satellite), End User (Commercial, Civil, Government, and Others) and by Applications (Scientific Research, Technology Demonstration and Verification, Earth Observation and Remote Sensing, Scientific Research, Communication, Others) – Opportunity and Forecast, 2017-2030.
Satellite Payloads Market by Orbit Type (LEO, MEO, and GEO), by Payload Type (Communication, Imaging, and Navigation), by Vehicle Type (Small, Medium, and Heavy), by Payload Weight (Low, Medium, and High), by Frequency Band (C, K/KU/KA band, S & L band, X band, VHF & UHF band, and Others), and by Application (Telecommunication, Remote Sensing, Scientific Research, Surveillance, and Navigation) – Global Opportunity Analysis and Industry Forecast, 2020-2030.
Satellite Data Analytics Services Market by Service (Data Analytics and Image Data), and Vertical (Forestry, Agriculture, Environmental, Defense & Security, Environmental, Energy & Power, Maritime, Engineering & Infrastructure and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Satellite Image Data Services Market by Service (Data Analytics and Image Data), and Vertical (Forestry, Agriculture, Environmental, Defense & Security, Environmental, Energy & Power, Maritime, Engineering & Infrastructure and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Aerial Imaging Market by End User (Government, Military & defence, Energy and resource management, Agriculture & forestry, Civil engineering, Commercial, Media & entertainment) – Global Opportunity Analysis and Industry Forecast, 2014 – 2030.
LEO and GEO Satellite Market by Types (Low Earth Orbit (LEO) and Geostationary Earth Orbit (GEO)) and Application (Communication & Navigation, Remote Sensing, Surveillance, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
