Satellite Data Services Market Projected Growth for Key Players and Forecast to 2026Posted by Amrut Mahajani on February 8th, 2023  The Satellite Data Services Market is expected to reach USD 16.7 billion by 2026, with a CAGR of 23.0% during the forecast period. The exponential growth of this market is due to the surge in demand for satellite imagery data across various industries. This market research report categorizes the Satellite Data Services Market by vertical, end-use, services, deployment, and region. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55690321 The agriculture segment is expected to be the leading vertical in the Satellite Data Services Market, with a CAGR of 23.7% from 2021 to 2026. The data analytics segment is expected to be the leading service, with a CAGR of 19.4% during the forecast period. The government & military segment is projected to lead the market by end-user, with a CAGR of 23.7% from 2021 to 2026. North America is expected to dominate the market by region, due to the maximum number of ongoing research studies, investments, and the existence of updated infrastructure for space programs. Key players in the Satellite Data Services Market include Maxar Technologies, Planet Labs, Inc., Satellite Imaging Corporation, ICEYE, Earth-i Ltd., and Airbus. These companies cater to various verticals, including energy & power, agriculture, forestry, and defense & security, by providing high-resolution satellite imagery and image analytics services. Artificial intelligence (AI) is also disrupting the sector by enabling analytics-based decision-making. AI helps in completing tasks that would require human intelligence, such as data analysis, visual perception, speech recognition, and decision-making. However, the market is restrained by stringent government space policies and regulations, and challenges from concerns over space debris. Nevertheless, the increased government investment in space agencies provides an opportunity for the growth of the market. Our Other Publications: Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027 Software Defined Radio Market by Platform (Airborne, Maritime, Land, Space), Application (Government & Defense, Commercial), Component (Hardware, Software), Type, Frequency (Single Band, Multi-Band), and Region - Global Forecast to 2027 Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030 Contact: Like it? Share it! More by this author |