Home > Semiconductors & Electronics > Telecom and Networking > Communication > Satellite-as-a-Service (SataaS) Market

Satellite-as-a-Service (SataaS) Market Trends

Report ID: GMI6034
Published Date: Jun 2023
Report Format: PDF

Download Free Sample

Satellite-as-a-Service Market Trends

The rising focus on earth observation and remote sensing applications support satellite-as-a-service industry development. Satellite imagery and data are being used in various industries including agriculture, environmental monitoring, urban planning, disaster management, and defense. SataaS providers are offering advanced analytics and data processing capabilities to derive actionable insights from satellite imagery, thereby enabling better decision-making and resource management.

SataaS providers are leveraging emerging technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and edge computing, to enhance the performance & capabilities of satellite-based services. They are also integrating satellite services with other technologies to offer comprehensive solutions. This includes integrating satellite connectivity with terrestrial networks such as 5G to provide seamless connectivity and coverage.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of satellite-as-a-service was valued at over USD 3.5 billion in 2022 and will observe over 15% CAGR between 2023 and 2032.

The satellite launch segment satellite-as-a-service market will witness over 16% CAGR from 2023 to 2032 as the service providers offer flexible solutions to customers such as customizing the launch services based on the specific requirements.

North America held approximately 35% of the satellite-as-a-service industry share in 2022 and will continue to grow owing to the strong demand for satellite-based remote sensing and earth observation services.

Amazon, Loft Orbital, NanoAvionics, Spire Global, Inc., York Space Systems, CesiumAstro, Inc., and Spacety.