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Satellite Data Services Market Share

Report ID: GMI8558
Published Date: Mar 2024
Report Format: PDF

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Satellite Data Services Market Share

Maxar Technologies and AIRBUS hold a significant revenue share of over 11% in the global market. Many firms adopt vertical integration strategies by managing essential aspects of the satellite data value chain, encompassing satellite production, ground infrastructure, data processing, and distribution. This approach ensures both quality oversight and cost-effectiveness.

Numerous organizations aim to broaden their satellite constellation coverage & capacity to deliver real-time monitoring and imaging services worldwide. This ensures prompt data delivery and responsiveness to customer needs in diverse geographic areas & time zones.

Satellite Data Services Market Companies

Major players operating in the market are:

AIRBUS
Descartes Labs
Earth-i
Geospatial Insight
ICEYE
L3Harris Technologies, Inc.
Maxar Technologies
Northrop Grumman
Planet Labs PBC
Trimble Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for satellite data services was valued at USD 9.1 billion in 2023 and is estimated to register a CAGR of over 19% between 2024 & 2032, driven by the rising demand for geospatial data.

Earth observation segment of satellite data services industry will generate revenues over USD 13 billion by 2032 as this data is widely used to monitor deforestation, evaluate the effects of climate change, and analyze natural disasters.

North America market held a revenue share of over 31% in 2023 and is set to gain traction through 2032, driven by technological innovations and rising investments from governments and commercial corporations in satellite infrastructure & data services.

AIRBUS, Descartes Labs, Earth-I, Geospatial Insight, ICEYE, L3Harris Technologies, Inc., Maxar Technologies, Northrop Grumman, Planet Labs PBC, Trimble Inc. are some of the major industry contenders.