Satellite Data Services Market Opportunity and Forecast Report
Market Overview:
Satellite Data
Services Market is estimated
to grow USD 245.25 Billion at a CAGR 11.52% by during the forecast period.
Factors
such as the increasing number of private firms in the space industry and
significant advancements in geospatial imagery analytics are driving the growth
of the market. Furthermore, the increasing demand for small satellites for
earth observation across the globe is projected to aid the growth of the
market.
Key Players :
Airbus SE (Netherlands),Blacksky (US),Digitalglobe, Inc. (US),Earth-I Ltd (UK),Geospatial Intelligence Pty Ltd (Australia),Gisat SRO (Czech Republic),Harris Geospatial Solutions, Inc. (US),Imagesat International (Israel),Planet Labs, Inc. (US),Trimble Inc. (US)
Market Segmentation:
Satellite
Data Services Market is segmented by following categories
By Type
- Image Data
& Data Analytics
By Application- Energy & Power, Engineering & Infrastructure, Environmental Monitoring, Agriculture, Maritime, Transportation & Logistics, Others
Regional
Analysis
Use of
IoT in various industries necessitating satellite data services cause market
Growth overall World.
North America, Europe, Asia-Pacific and
Rest of the World
Industry News:
Image
data segment accounted for the larger market share in 2018: The
image data segment is also expected to exhibit higher CAGR during the forecast
period. This growth can be attributed to the increasing use of satellite image
data for monitoring crops, flooding, icebergs, and coastal traffic.
Environmental monitoring segment is expected to be the fastest-growing:
The environmental monitoring segment is expected to exhibit the highest CAGR
during the review period. The increasing use of satellite data for meteorology
and the prevention of illegal fishing and tree felling is driving the growth of
the segment.
Full
report @ https://www.marketresearchfuture.com/reports/satellite-data-services-market-8562
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