CHICAGO, Feb. 22, 2024 (Globe Newswire) — Satellite data service market size The market value reached USD 9.3 billion in 2023 and is projected to reach USD 20.9 billion by 2028, at a CAGR of 17.5% from 2023 to 2028. The satellite data services market includes the provision of geospatial information and imagery through satellite-based platforms. This market includes the collection, processing, analysis, and dissemination of data captured by satellites orbiting the Earth. Satellite data services serve a wide range of applications in a variety of sectors, including agriculture, forestry, environmental monitoring, urban planning, infrastructure development, defense, and disaster management.
Key factors driving market growth include continued advances in satellite technology that enable higher resolution imagery and enhanced data analysis capabilities. Additionally, the growing demand for geospatial information for decision-making, resource management, and strategic planning is driving market expansion. Prominent players in the satellite data services market include industry leaders such as Maxar Technologies, Airbus, Planet Labs, and L3Harris Geospatial, as well as emerging startups and innovative technology companies. Advances in satellite technology, such as high-resolution sensors, improved data processing algorithms, and the proliferation of satellite constellations, continue to expand the satellite data services market, providing new opportunities for innovation, collaboration, and social impact. .
To know about the assumptions considered in the study:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55690321
Major satellite data service companies include:
Airbus, a recognized leader in space exploration and satellite imagery, provides collaborative and interoperable solutions across diverse markets including land, air, sea, space and cyber. The company operates through its three main segments: Airbus (Civil Aircraft Division), Airbus Helicopters, and Airbus Defense & Space, providing innovative space and defense solutions worldwide. Airbus has a strong presence in regions such as Asia Pacific, Europe, North America, the Middle East and Latin America, offering a wide range of products, services and solutions.
These include the Automated Transport Vehicle, European Service Module for the Orion spacecraft, Columbus (ISS module), Ariane rocket family, Eurostar satellite bus, ExoMars rover, HM7B, Aestus, Vinci, Vulcan, and various high rocket engines. Includes rocket engine. Preferred hydrazine. These services demonstrate Airbus’ commitment to providing cutting-edge technology and reliable solutions to customers around the world.
Maxar Technologies (USA)
Maxar Technologies, a leading American company, was formed on October 5, 2017 through the merger of Digital Globe and MDA Holdings Company. Maxar leverages its Earth observation constellation to provide comprehensive commercial satellite imagery featuring a diversity of resolutions. Currency, spectral bands, and precision. These capabilities allow the industry to conserve resources, improve operational efficiency, ensure regulatory compliance, reduce risk, and ultimately help save lives.
Maxar operates through two main segments: Earth Intelligence and Space Infrastructure. The Earth Intelligence division focuses on providing advanced surveillance and intelligence solutions, while the Space Infrastructure division specializes in defense and maritime systems, radar geospatial imagery, space robotics, satellite antennas, and communications subsystems. is. With a global presence spanning the United States, Canada, Asia, Europe, South America, and Australia, Maxar Technologies remains committed to providing cutting-edge solutions and services to diverse customers around the world.
L3Harris Technologies, Inc. (USA)
L3Harris Technologies, Inc specializes in providing scientifically validated geospatial solutions to a variety of industries. The company provides customized industry solutions with a focus on academic, defense and intelligence, federal and civil, maritime, utilities, transportation, and agriculture sectors. Leveraging cutting-edge software technologies such as Jagwire data management tools, MapMerger data integration tools, and Geiger mode LiDAR technology that leverages artificial intelligence for deep learning, L3Harris Geospatial develops custom analytics and high-volume processing solutions.
Offering end-to-end capabilities, L3Harris offers a wide range of professional and customized satellite mapping services, from data acquisition to processing and analysis. The company boasts global partnerships with satellite data suppliers, maintains an extensive in-house archive of products, and offers clients flexible licensing options.
L3Harris utilizes a variety of satellites to provide high, medium and low resolution satellite imagery along with elevation and vector data. L3Harris Geospatial has access to an in-house digital elevation database and strategic partnerships with industry leaders such as Airbus, PlanetObserver and AW3D to ensure comprehensive coverage and collaboration to develop innovative geospatial solutions. promotes it.
Planet Labs, PBC (USA)
Planet Labs (PBC), known as Planet Labs, is a leading manufacturer of microsatellites and a provider of satellite-based information services, delivering high-resolution imagery and analytics-based solutions. With a robust constellation of more than 351 satellites, including Dove, SkySat, and Rapid Eye, the company operates a vast network in space.
Planet Labs’ fleet of more than 200 satellites enables the acquisition of comprehensive datasets of Earth observation imagery, providing unparalleled range, frequency, and resolution. This unique combination facilitates the delivery of geospatial insights at unprecedented speed, enabling a nuanced understanding of evolving ground conditions.
Planet Labs serves a wide range of industries, including agriculture, civil government, defense and intelligence, education and research, emergency management, energy infrastructure, financial and business intelligence, forestry and land use, insurance, mapping and GIS, and more. It corresponds to the field. Maritime. Currently, the company serves more than 30,000 users and 400 customers in about 40 countries. With offices in the United States, Canada, Germany, and the Netherlands, Planet Labs is strategically positioned to meet the diverse needs of customers around the world.
ICEYE (Finland)
ICEYE is a manufacturer of microsatellites and a provider of satellite-based information services, including high-resolution imagery. The company is the first satellite-based service provider to employ synthetic aperture radar technology on its satellites. The company provides imaging services from space using its microsatellites equipped with imaging radar technology called synthetic aperture radar. New radar technology helps provide imagery services for command challenges such as adverse weather, clouds, and darkness.
ICEYE’s radar satellite imagery services cover specific areas multiple times daily, regardless of day or night conditions, helping clients address a variety of challenges across sectors such as maritime, disaster management, insurance, finance, security, intelligence, and more. We support you. ICEYE is credited with pioneering the successful launch of a Synthetic Aperture Radar (SAR) satellite weighing less than 100 kg, revolutionizing the satellite industry.
The company provides imaging services for land and maritime applications. Onshore applications include pipeline monitoring in the oil and gas industry, flood mapping for governance, the insurance industry, and crop monitoring services.
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com
