Satellite Data Services Market Dynamics, Recent Developments, and Strategic Insights by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Satellite Data Services Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Services (Image Data and Data Analytics), Image Data (Spatial, Spectral, Radiometric, and Temporal), Data Analytics (Image Data Processing, Digital Models, Feature Extraction, and Classification), End User Vertical  (Energy and Power, Defense and Security, Engineering and Infrastructure, Insurance, Environmental, Mining, Agriculture, and Others), and Geography

  • Report Code : TIPRE00007300
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 225
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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.

Satellite Data Services Market Analysis

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 Market Overview

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.

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Satellite Data Services Market: Strategic Insights

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Satellite Data Services Market Drivers and Opportunities

Increasing Government Investments in Space Industry

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.

Integration of Artificial Intelligence in Satellite Applications

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.

Satellite Data Services Market Report Segmentation Analysis

Key segments that contributed to the derivation of the satellite data services market analysis are services and end user  vertical.

  • In terms of type, the satellite data services market is bifurcated into image data and data analytics. The image data segment held a larger market share in 2024. The image data segment is divided into spatial, spectral, radiometric, and temporal. The data analytics segment is sub segmented into image data processing, digital models, feature extraction, and classification.
  • Based on end user vertical, the satellite data services market is categorized into energy and power, defense and security, engineering and infrastructure, insurance, environmental, mining, agriculture, and others. The defense and security segment held the largest market share in 2024.

Satellite Data Services Market Share Analysis by Geography

  • The satellite data services market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2024, followed by Asia Pacific and Europe.
  • North America. The development of advanced satellite technologies, such as low earth orbit (LEO) and medium earth orbit (MEO) constellations, has significantly enhanced the speed, coverage, and reliability of satellite-based internet and data services. Such product developments have made satellite data services more appealing to both consumers and businesses across North America. Partnerships between market players are playing a vital role in expanding satellite capabilities and offering specialized services, further fueling the demand for satellite data services in North America. Moreover, the satellite industry's expansion is contributing to the market growth. According to the Satellite Industry Association's (SIA) 27th annual State of the Satellite Industry Report, in 2023, the US commercial satellite industry launched a record 2,781 satellites, marking a 20% increase from the previous year.

Satellite Data Services Market Regional Insights

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.

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Satellite Data Services Market Report Scope

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
  • Image Data
  • Data Analytics
By Image Data
  • Spatial
  • Spectral
  • Radiometric
  • Temporal
By Data Analytics
  • Image Data Processing
  • Digital Models
  • Feature Extraction
  • Classification
By End User Industry
  • Energy and Power
  • Defense and Security
  • Engineering and Infrastructure
  • Insurance
  • Enviornmental
  • Mining
  • Agriculture
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Airbus SE
  • Maxar Technologies Holdings Inc
  • L3Harris Technologies Inc
  • ICEYE Oy
  • Imagesat International (I.S.I) Ltd.
  • LAND INFO Worldwide Mapping, LLC
  • Planet Labs PBC
  • Satellite Imaging Corp
  • SATPALDA
  • Ursa Space Systems Inc

  • Satellite Data Services Market Players Density: Understanding Its Impact on Business Dynamics

    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:

    1. Airbus SE
    2. Maxar Technologies Holdings Inc
    3. L3Harris Technologies Inc
    4. ICEYE Oy
    5. Imagesat International (I.S.I) Ltd.
    6. LAND INFO Worldwide Mapping, LLC

    Disclaimer: The companies listed above are not ranked in any particular order.


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    Satellite Data Services Market News and Recent Developments

    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:

    • The first of the two Airbus-built new generation SpainSat satellites, SpainSat NG-I, has been successfully launched on a Falcon 9 rocket from Cape Canaveral in the US.  (Source: Airbus, Press Release, January 2025)
    • Maxar Intelligence, a provider of secure, precise geospatial insights, confirmed that its fifth and sixth WorldView Legion satellites are performing well after being launched into mid-inclination orbit from Kennedy Space Center, Florida, on a SpaceX Falcon 9 rocket. With this successful launch, Maxar now has seven satellites in orbit capable of collecting 30 cm-class imagery—representing a significant increase in very-high-resolution imagery capacity and marking a new era for the geospatial industry. Once all six WorldView Legion satellites are fully operational, the Maxar constellation will be able to collect more than 6 million sq km of Earth imagery per day, including up to 3.6 million sq km of 30 cm-class imagery.

    (Source: Maxar Technologies, Press Release, February 2025)

    Satellite Data Services Market Report Coverage and Deliverables

    The "Satellite Data Services Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

    • Satellite data services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Satellite data services market trends, as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST and SWOT analysis
    • Satellite data services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the satellite data services market
    • Detailed company profiles
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    satellite-data-services-market-report-deliverables-img2
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What will be the market size of the global satellite data services market by 2031?

    The global satellite data services market is expected to reach US$ 28.94 billion by 2031.

    Which are the key players holding the major market share of the global satellite data services market?

    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.

    What are the future trends of the global Satellite data services market?

    Growing awareness and development of CubeSats is anticipated to play a significant role in the global satellite data services market in the coming years.

    What is the estimated market size for the global satellite data services market in 2024?

    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.

    What are the driving factors impacting the global satellite data services market?

    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.

    What is the incremental growth of the global satellite data services market during the forecast period?

    The incremental growth expected to be recorded for the global satellite data services market during the forecast period is US$ 18.46 billion.

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    The List of Companies - Satellite Data Services Market

    • Airbus SE
    • Maxar Technologies Holdings Inc
    • L3Harris Technologies Inc
    • ICEYE Oy
    • Imagesat International (I.S.I) Ltd.
    • LAND INFO Worldwide Mapping, LLC
    • Planet Labs PBC
    • Satellite Imaging Corp
    • SATPALDA
    • Ursa Space Systems Inc
    • Earth-i Ltd
    • Ceinsys Tech Ltd
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