Global Satellite Data Services Market is expected to reach $30.77 billion by 2027 growing at a CAGR of 19.3% during 2018 to 2027.

Some of the key players in global Satellite Data Services market are Harris Geospatial Solutions, Inc., Earth-I Ltd., East View Geospatial, Blacksky, Airbus SE, Planet Labs, DigitalGlobe, Inc. , SATPALDA Geospatial Services, URSA Space Systems, Ceinsys Tech Ltd., Imagesat International (ISI), ICEYE, Trimble Inc.

Gaithersburg, Maryland, United States – December 3, 2019 /MarketersMedia/ —

Factors such as privatization of the space industry and significant advancements in emerging countries with the introduction of AI and Big Data are fuelling the market growth. However, lack of dedicated launch vehicles for Small Satellites is hampering the market.

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Satellite data or satellite imagery is the process of collecting information about Earth, gathered by manmade satellites in their orbits. The most common use for satellite data is in Earth Observation (EO). Satellites deliver information about the surface and weather changes on the planet Earth. Satellite data services are majorly used in verticals such as agriculture, environmental, engineering & infrastructure, defence & security, energy & power, forestry, transportation & logistics, insurance, and maritime.

Amongst End User, the growth of the commercial segment is estimated to have a lucrative growth during the forecast period due to technological advancement in autonomous drilling and monitoring via satellite will play a key role in commercial industries.

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By Geography, Asia Pacific is likely to have a huge demand in emerging countries due to increasing adoption of data analytics for satellite imagery by governments such as India, China, and Singapore, to assist urban infrastructure development and planning, map land use, and monitor agriculture under the precision agriculture modules is driving the growth of the market.

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Services Covered:
• Data Analytics
• Image Data

End Users Covered:
• Defence & Security
• Agriculture
• Forestry
• Insurance
• Environmental
• Energy & Power
• Transportation & Logistics
• Maritime
• Engineering & Infrastructure
• Commercial
• Government & Military

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-satellite-data-services-market-is-expected-to-reach-3077-billion-by-2027-growing-at-a-cagr-of-193-during-2018-to-2027/88937060

Source: MarketersMedia

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