Satellite Image Data Services Market to Witness Astonishing Growth | $46.3 Billion by 2032
The Satellite Image Data Services Market The satellite image data services market was valued at $6.3 billion in 2022, and is estimated to reach $46.3 billion by 2032, growing at a CAGR of 22.2% from 2023 to 2032.
Satellite imagery encompasses photographs or visual representations of the Earth captured from satellites revolving around our planet. These satellites are equipped with a range of sensors capable of detecting different types of radiation, including visible light, infrared light, and microwave radiation. By combining these captured images, detailed and high-resolution depictions of the Earth are generated. This technology offers fresh insights into climate patterns, geographical features, and human-made constructions, presenting unique perspectives and data to various industries.
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Moreover, there is a rise in the demand for high-resolution images in both visible and thermal infrared spectrums. For instance, in April 2023, Albedo, an aerial-quality imagery service provider received a contract from the U.S. Air Force to provide services or technology related to capturing images using thermal infrared sensors during nighttime operations. As part of this contract, Albedo is expected to capture the highest-resolution commercial satellite imagery in both the visible spectrum (with a resolution of 10 cm ground sample distance (GSD)) and the thermal infrared spectrum (with a resolution of 2 m ground sample distance (GSD)). Therefore, such developments to provide high-quality and accurate data are expected to attract more customers and drive demand for satellite image services.
In addition, government agencies and organizations collaborate with satellite image service providers through various programs. For instance, in July 2021, Planet Labs Inc., a satellite data provider received a contract expansion from NASA to supply satellite imagery for scientific purposes to all U.S. federal civilian agencies, the National Science Foundation (NSF), and associated entities. The imagery from Planet is expected to be made available through NASA’s Commercial Smallsat Data Acquisition (CSDA) Program. Partnerships with commercial satellite imagery providers demonstrate a growing demand for satellite image services. Therefore, such collaborations contribute to the growth of the market by fostering competition, and innovation among commercial satellite imagery companies, which is expected to boost the growth of the market.
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Satellite sensors collect data in various spectral bands, allowing the identification and analysis of different surface features and objects. Satellite optical imagery based on passive reflectivity includes visible, infrared, multispectral, and hyperspectral imagery. Optical imagery offers a wide range of applications across various sectors including agriculture, forestry, urban planning, disaster management, environmental monitoring, defense, and infrastructure development. For instance, Maxar Technologies provides optical imagery services through its satellite constellation and advanced imaging technology. The optical imagery service provides high-resolution satellite imagery for various applications and industries. Detailed imagery with high spatial resolution is captured through optical imagery, facilitating the identification of small objects and fine details on the Earth’s surface.
Radar imagery consists of satellite images captured by active remote sensing technique that includes the use of radar sensors on satellites. These active sensors commonly include radar and laser technologies. It utilizes two types of radar-based systems, such as Real Aperture Radar (RAR) and Synthetic-Aperture Radar (SAR). Synthetic-Aperture Radar (SAR) is a significant system as it is capable of penetrating through clouds and does not rely on sunlight to provide reliable remote sensing data.
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KEY FINDINGS OF THE STUDY
By sensing technique, the radar imagery segment is anticipated to exhibit significant growth in the near future.
By industry, the defense and intelligence segment is anticipated to exhibit significant growth in the near future.
By end-use, the government and military segment is anticipated to exhibit significant growth in the near future.
By region, LAMEA is anticipated to register the highest CAGR during the forecast period.
Key players operating in the global satellite image data services market include Maxar Technologies, ICEYE, Planet Labs PBC, Airbus, L3Harris Technologies, Inc., Ursa Space Systems, Inc., EAST VIEW GEOSPATIAL, INC., BlackSky, LAND INFO Worldwide Mapping, LLC, and Satellite Imaging Corporation.
Satellite Image Data Services Market to Witness Astonishing Growth | $46.3 Billion by 2032
The Satellite Image Data Services Market The satellite image data services market was valued at $6.3 billion in 2022, and is estimated to reach $46.3 billion by 2032, growing at a CAGR of 22.2% from 2023 to 2032.
Satellite imagery encompasses photographs or visual representations of the Earth captured from satellites revolving around our planet. These satellites are equipped with a range of sensors capable of detecting different types of radiation, including visible light, infrared light, and microwave radiation. By combining these captured images, detailed and high-resolution depictions of the Earth are generated. This technology offers fresh insights into climate patterns, geographical features, and human-made constructions, presenting unique perspectives and data to various industries.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/A09064
Moreover, there is a rise in the demand for high-resolution images in both visible and thermal infrared spectrums. For instance, in April 2023, Albedo, an aerial-quality imagery service provider received a contract from the U.S. Air Force to provide services or technology related to capturing images using thermal infrared sensors during nighttime operations. As part of this contract, Albedo is expected to capture the highest-resolution commercial satellite imagery in both the visible spectrum (with a resolution of 10 cm ground sample distance (GSD)) and the thermal infrared spectrum (with a resolution of 2 m ground sample distance (GSD)). Therefore, such developments to provide high-quality and accurate data are expected to attract more customers and drive demand for satellite image services.
In addition, government agencies and organizations collaborate with satellite image service providers through various programs. For instance, in July 2021, Planet Labs Inc., a satellite data provider received a contract expansion from NASA to supply satellite imagery for scientific purposes to all U.S. federal civilian agencies, the National Science Foundation (NSF), and associated entities. The imagery from Planet is expected to be made available through NASA’s Commercial Smallsat Data Acquisition (CSDA) Program. Partnerships with commercial satellite imagery providers demonstrate a growing demand for satellite image services. Therefore, such collaborations contribute to the growth of the market by fostering competition, and innovation among commercial satellite imagery companies, which is expected to boost the growth of the market.
Buy This Research Report: https://www.alliedmarketresearch.com/satellite-image-data-services-market/purchase-options
Satellite sensors collect data in various spectral bands, allowing the identification and analysis of different surface features and objects. Satellite optical imagery based on passive reflectivity includes visible, infrared, multispectral, and hyperspectral imagery. Optical imagery offers a wide range of applications across various sectors including agriculture, forestry, urban planning, disaster management, environmental monitoring, defense, and infrastructure development. For instance, Maxar Technologies provides optical imagery services through its satellite constellation and advanced imaging technology. The optical imagery service provides high-resolution satellite imagery for various applications and industries. Detailed imagery with high spatial resolution is captured through optical imagery, facilitating the identification of small objects and fine details on the Earth’s surface.
Radar imagery consists of satellite images captured by active remote sensing technique that includes the use of radar sensors on satellites. These active sensors commonly include radar and laser technologies. It utilizes two types of radar-based systems, such as Real Aperture Radar (RAR) and Synthetic-Aperture Radar (SAR). Synthetic-Aperture Radar (SAR) is a significant system as it is capable of penetrating through clouds and does not rely on sunlight to provide reliable remote sensing data.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A09064
KEY FINDINGS OF THE STUDY
By sensing technique, the radar imagery segment is anticipated to exhibit significant growth in the near future.
By industry, the defense and intelligence segment is anticipated to exhibit significant growth in the near future.
By end-use, the government and military segment is anticipated to exhibit significant growth in the near future.
By region, LAMEA is anticipated to register the highest CAGR during the forecast period.
Key players operating in the global satellite image data services market include Maxar Technologies, ICEYE, Planet Labs PBC, Airbus, L3Harris Technologies, Inc., Ursa Space Systems, Inc., EAST VIEW GEOSPATIAL, INC., BlackSky, LAND INFO Worldwide Mapping, LLC, and Satellite Imaging Corporation.
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