The satellite data services market size was valued at US$ 10.49 billion in 2024 and is expected to reach US$ 24.55 billion by 2031; it is estimated to register a CAGR of 16.2% during 2025–2031. The growing awareness and development of cubesats is likely to remain a key market trend.
The rise in demand from numerous industries such as agriculture, defense, energy & power, and mining; the government investment in the space industry; and technological innovations are a few of the significant factors driving the satellite data services market. Furthermore, the growing use of satellite data services in urban planning and agricultural monitoring fuels the global demand for satellite data services. Additionally, the privatization of the space industry and the development of small satellites for educational purposes and scientific research are a few factors expected to create opportunities for the satellite data services market growth during the forecast period. Moreover, an increase in research and development activities, growing awareness related to high-resolution data, and the development of nanosatellites contributed to the market growth.
Satellite data services are cloud-based services that provide access to near-real-time analysis-ready satellite images and derived products from the optical and radar Sentinel-1 and Sentinel-2 satellites. These services are used to collect, transmit, and analyze data from satellites orbiting the Earth. Satellite data services offerings provide metrics collected from radar satellites in all-weather circumstances. The government or agricultural sector uses these critical inputs for modeling, monitoring, land management, and policy formation. These services offer land and water analytics to provide users with the current state of agriculture and the environment, from field to farm to national coverage. Further, satellite data services support the agricultural and environmental sectors in analyzing historical metrics and identifying trends from satellite indices such as natural resource management, crop performance, and risk management. Additionally, growing remote sensing requirements, focus on environmental monitoring, and the expansion of precision farming and urban planning are a few factors driving the demand for satellite data services.
Governments across the globe are increasingly making significant investments in the space industry to expand infrastructure development, space exploration, and satellite technology. These investments allow satellite agencies to launch and maintain advanced satellites, which provide critical data for sectors such as telecommunications, defense, agriculture, and the environment. The demand for high-quality satellite data services grows as governments prioritize space initiatives for national security, technological advancements, and climate research. This data is used for earth observation, which provides significant insights into climate, weather, urbanization, agriculture, and environmental monitoring. It is critical for space missions that intend to study the Earth or track changes in the planet's systems. For instance, in September 2024, the US Department of Commerce collaborated with the National Oceanic and Atmospheric Administration (NOAA) to invest US$ 1.1 million in enhancing satellite-based monitoring systems used in floods and ice-jam events in Alaska. This investment is a larger part of the US$ 2.27 million flood monitoring project in Alaska. The advancement and development of satellite-based monitoring systems allow businesses and governments to access real-time data related to hurricanes, wildfires, floods, and other remote or difficult-to-reach areas. Further, the growing investment and funding from governments; the high reliance on satellite technologies to deliver practical information for climate research, disaster management, and resource management across a wide range of businesses; and the high demand for satellite data services from the space industry drive the satellite data services market.
Artificial intelligence (AI) technologies have made remarkable progress, and they continue to demonstrate their importance as foundations for scientific research and real-world applications. AI significantly contributes to the growth of the satellite data services market by improving data processing, analysis, and interpretation. Satellite data includes massive amounts of high-resolution photos and sensor data from orbit. This data can be easily used for making effective decisions and managed by advanced technologies such as AI and machine learning. AI particularly includes machine learning and deep learning algorithms that help automate and accelerate the processing of these huge datasets, allowing for more rapid and accurate extraction of actionable insights. For instance, AI technology is highly capable of detecting patterns in satellite imagery for numerous applications, including agricultural yield prediction, climate monitoring, urban planning, and disaster response. The growing demand for managing huge satellite data encourages market players to develop and integrate AI in satellite applications for effective data management. As a result, the combination of AI and satellite data services improves performance, lowers costs, and opens up new growth potential for industries such as agriculture, telecommunications, defense, and environmental monitoring.
Key segments that contributed to the derivation of the satellite data services market analysis are services and end user vertical.
The regional trends and factors influencing the Satellite Data Services Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Satellite Data Services Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 10.49 Billion |
| Market Size by 2031 | US$ 24.55 Billion |
| Global CAGR (2025 - 2031) | 16.2% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Services
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Satellite Data Services Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Satellite Data Services Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The satellite data services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the satellite data services market are listed below:
(Source: Maxar Technologies, Press Release, February 2025)
The "Satellite Data Services Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The global satellite data services market is expected to reach US$ 28.94 billion by 2031.
The key players holding majority shares in the global satellite data services market are Airbus SE; Maxtar Technologies; L3Harris Technologies Inc.; ICEYE Oy; and Planet Labs, Inc.
Growing awareness and development of CubeSats is anticipated to play a significant role in the global satellite data services market in the coming years.
The global satellite data services market was estimated to be US$ 10.48 billion in 2024 and is expected to grow at a CAGR of 16.2% during the forecast period 2025 – 2031.
Increasing government investments in space industry, rising integration of artificial intelligence in satellite applications, and growing use of satellite data services in urban planning are the major factors that propel the global satellite data services market.
The incremental growth expected to be recorded for the global satellite data services market during the forecast period is US$ 18.46 billion.