WILMINGTON, NEW CASTLE, DE, UNITED STATES, September 6, 2024 /EINPresswire.com/ -- 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.

🔰 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/A06428

Satellite data services primarily deal with capturing images of Earth or other planets with the assistance of imaging satellites. Utilizing these images for commercial purposes is knows as commercial satellite imaging, which includes various applications such as environment monitoring & management, security of energy resources, surveillance of border areas, and mapping of constructional projects. Moreover, satellite data is widely used in development of smart cities and connected vehicles. Urban planners are using this data to understand settlement trends and ensure efficient infrastructure management.

It is widely used in various applications, including geospatial data acquisition & mapping, defense & intelligence, energy, construction & infrastructure development, natural resource management, conservation & research, media & entertainment, surveillance & security, and disaster management. Satellite data services are categorized into image data and data analytics, which have different operations such as image data processing and feature extraction as well as providing geospatial data and information in the form of real-time images.

Surge in demand for satellite data from various industry verticals, rise in demand for earth observation satellites, and privatization of the space industry are expected to drive the market growth. However, stringent government regulations for implementation of satellite and lack of dedicated launch vehicles for small satellites hinder the market growth. Further, increase in adoption of artificial intelligence (AI), machine learning (ML) and cloud computing in the space sector; rise in use of satellite data in the development of smart cities and connected vehicles; and rise in NewSpace movement are some of the factors that are expected to offer lucrative opportunities for the market growth.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/satellite-data-services-market/purchase-options

The report offers detailed segmentation of the global satellite data service market based on vertical, service, end use, and region.

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.

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.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/A06428

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

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.
𝐔𝐫𝐬𝐚 𝐒𝐩𝐚𝐜𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐈𝐧𝐜.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/satellite-market - Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/satellite-payloads-market - Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/satellite-data-analytics-services-market-A09056 - Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/leo-and-geo-satellite-market-A09227 - Global Opportunity Analysis and Industry Forecast, 2021-2031

David Correa
Allied Market Research
+1 800-792-5285
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