The global satellite data services market size was valued at USD 4,876 million in 2023 and is expected to be worth USD 5,250.0 million in 2024. The market is projected to reach USD 12,288 million by 2032, recording a CAGR of 11.22% during the forecast period.

Satellite data or satellite imagery is the information collected by satellites about the Earth and other celestial bodies by satellites. One of the key applications of this type of data is to observe changes happening on the Earth’s surface and in its weather patterns. The rising demand for satellite-based data in various industries is expected to fuel the need for satellite data services.

The COVID-19 pandemic had an adverse influence on the market’s growth as government-imposed lockdowns caused major delays in the production and launch of satellites. This factor caused disruptions in the completion of various space-related projects. However, the demand for satellite data and imagery increased after the pandemic period for remote sensing and crisis monitoring applications, which helped the market recover.

Fortune Business Insights™ displays this information in a report titled, “Satellite Data Services Market, 2024-2032.”

Informational Source:

https://www.fortunebusinessinsights.com/satellite-data-services-market-108359

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• ICEYE (U.K.)
• Planet Labs, Inc. (U.S.)
• Capella Space (U.S.)
• Airbus (Netherlands)
• BlackSky (U.S.)
• Maxar Technologies (U.S.)
• Spire Global (U.S.)
• EOS Data Analytics, Inc. (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• Satellite Imaging Corporation. (U.S.)

Segmentation:

Creation of Innovative Data Analytics Services Helped Value-Added Services Segment Dominate Market