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Global Satellite Data Services Market

Global Satellite Data Services Market

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Global Satellite Data Services Market

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  1. Global Satellite Data Services Market size was valued at US$ XX Bn. in 2019 and is expected to grow at a CAGR of 22.05% over 2020-2026, to account for US$ 24.62 Bn. in 2026. Satellite data services provide the supply of earth or other planets information and data which is captured and generated by man-made satellites that travel around the orbit of the earth. The satellite data mostly used for witnessing the earth, providing information on the physical, chemical, and biological features of the planet. To know about the Research Methodology :- Request Free Sample Report The global satellite data services market size is expected to reach US$ 24.62 Bn. by 2026, thanks to the growing demand for satellite data from various industries like energy, defense, and others. Privatization of the space industry is a major factor in booming the growth of the global market for satellite data services. The objective of privatizing the space industry is to develop the application of the industry landscape by exploring opportunities where the private segment can provide profit from satellite services. Such as, the current commercial service agreements cost only around US$ 50 Mn. per space shuttle launch, whereas earlier this cost was around US$ 4 Bn. yearly. The rising number of satellites in space and upsurging data generation over these satellites are further promoting the growth of the satellite data services market. For instance, at the beginning of 2020, SpaceX became the first company to work largest active satellite constellation across the globe, with 180 satellites looping the earth. The company goals to launch approximately 42,000 satellites over the next 2-3 years. In the post COVID-19 pandemic, the global demand for satellite data services is likely to upsurge as businesses plan to monitor their supply chains by satellite data services. For example, due to coronavirus pandemic, JAXA, ESA, and NASA announced a joint partnership to use cumulative abilities of Earth-observing satellite data to record environmental & human social changes.

  2. Scope of Global Satellite Data Services Market: Inquire before Buying The MMR report covers all segments in the satellite data services market such as vertical, service, and end-use. Global Satellite Data Services Market, by Vertical • Energy & Power • Engineering & Infrastructure • Defense & Security • Environmental • Agriculture • Maritime • Forestry • Transportation & Logistics • Insurance Among these vertical segment, the environmental segment is expected to grow at the largest CAGR of XX% during the forecast period. The necessity for high-definition earth images to constantly track wilderness populations, record illicit mining and recognize deforestation patterns has provided a growth opportunity for the environmental industry. Global Satellite Data Services Market, by Service • Data analytics • Image data The image data segment is expected to account for XX% of the total market share in 2019 and is expected to grow at the highest CAGR of XX.81% during the forecast period. This growth is attributed to the major factor that they are intended to perform feature extraction and image data processing like orthorectification, pan-sharpening, and cloud patching.

  3. Global Satellite Data Services Market, by End-Use • Commercial • Government & Military Global Satellite Data Services Market, By Region • North America • Europe • Asia-Pacific • Middle East& Africa • South America Geographically, MMR The report offers a brief analysis of the major regions in the satellite data services market, namely, Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. Among these regions, North America is expected to account for the largest XX% market share by 2026 thanks to the highest adoption of commercial satellite imaging across various industries in the USA. The United State distributes images taken by the Landsat satellite freely, therefore promising productivity saving and economic aids for users. Such enterprises have resulted in the emergence of various small satellite manufacturers, for example, AAC Clyde Space and Pumpkin Space Systems Inc. which provides continuous feed nearly the earth’s surface. Competitive Landscape Key players operating in the Global Satellite Data Services Market are • Airbus Se • Digitalglobe, Inc. (Maxar Technologies) • Harris Geospatial Solutions, Inc. • Planet Labs, Inc. • Satellite Imaging Corporation • Iceye

  4. • Ursa Space Systems • Satpalda Geospatial Services • Earth-I Ltd. • Land Info Worldwide Mapping • Imagesat International (ISI) • Ceinsys Tech Ltd. • East View Geospatial • Trimble Inc. • Spectir • Geospatial Intelligence Pyt. Ltd. • Gisat S.R.O. • Planetobserver • Bird.I Ltd. • Blacksky Companies are involved in adopting sustainable strategies to gain competitive edges such as new product launches, product up-gradation, and collaborative agreements. For example, In March 2020, Planet Labs signed a partnership agreement with Seisan, a custom systems integration and software solutions company. These partnerships offer next-level competitive advantages and insights into various industry verticals. In Aug 2019, Airbus Defence and Space cooperated with exactEarth Ltd Company, a prominent provider of Satellite-AIS data services. The exactEarth would offer Airbus live and archived data from exact view RT, its second-generation real-time satellite-AIS data service, with data from exact Earth's high-performance AIS payload presented on the PAZ radar satellite. The objective of the report is to present a comprehensive analysis of the Global Satellite Data Services Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or

  5. negatively have been analysed, which will give a clear futuristic view of the industry to the decision- makers. The report also helps in understanding Global Satellite Data Services Market dynamics, structure by analyzing the market segments and project the Global Satellite Data Services Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Satellite Data Services Market make the report investor’s guide. This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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