Satellite Data Services Market Size to worth USD 55.17 Bn by 2032, Growing at 21.1% CAGR, Coherent Market Insights Cites Strong Government Support

Satellite Data Services Market to Hit USD 14.44 Bn in 2025, Fueled by Expanding Industrial Applications

/EIN News/ -- Burlingame, CA, May 11, 2025 (GLOBE NEWSWIRE) -- Coherent Market Insights published a report, titled, the global satellite data services market size is estimated to grow from USD 14.44 Billion in 2025 and is forecast to reach a value of USD 55.17 Billion by 2032 at a CAGR of 21.1% between 2025 and 2032. Satellite data services involve the collection and analysis of Earth observation data acquired by artificial satellites orbiting the planet. These services provide critical insights into surface conditions, environmental changes, and weather patterns.

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Global Satellite Data Services Market Key Takeaways

• According to Coherent Market Insights (CMI), the global satellite data services market size is poised to grow at a CAGR of 21.1%, totaling USD 14.44 Bn in 2025 and USD 55.17 Bn by 2032.
• Based on vertical, agriculture segment is anticipated to account for nearly two-fifths of the global revenue share in 2025.
• By end user industry, government and military segment is expected to generate market revenue of about USD 6.75 Bn in 2025.
• Based on service, image data segment will likely account for about half of the global satellite data services market share in 2025.
• North America is expected to retain its dominance in the global industry, generating revenues worth USD 6.44 Bn in 2025. This can be attributed to increasing investments in satellite technologies and strong presence of satellite data service providers.
• As per Coherent Market Insights’ latest satellite data services market analysis, Asia Pacific, led by India and China, is poised to exhibit fastest growth during the assessment period.

Rising Demand for Satellite Data Services Across Diverse Industries Fueling Growth

A new report by Coherent Market Insights outlines key satellite data services market growth factors. One major growth factor is the increasing demand for satellite data services across various industries.

Industries like agriculture, defense, energy, and environmental monitoring heavily rely on satellite data for critical insights and operational optimization. For instance, satellite imagery helps the agriculture sector in precision farming by monitoring crop health as well as soil conditions.

In environmental monitoring, satellite imagery helps track changes in earth’s surface, such as land use changes and deforestation. Similarly, the defense sector utilizes satellite data for surveillance and strategic planning. Increasing adoption of satellite data services across these key industries is expected to boost the target industry.

Read Also: Small Satellite Market Size, Share, Trends & Growth Analysis (2025-2032)

High Cost of Satellite Technologies and Regulatory Challenges Limiting Growth

The future satellite data services market outlook looks promising, considering the estimated CAGR of 21.1%. However, high cost of satellite technologies and regulatory challenges might limit the satellite data services market growth to some extent.

Satellite manufacturing, launch, and maintenance demand huge investments. This high cost factor makes it difficult for new companies to enter the data satellite services industry. Similarly, licensing, frequency allocation, strict regulations, and data privacy issues are becoming hurdles for market expansion.

Increasing Government Support Creating Growth Avenues for Companies

Governments across the world are increasingly investing in space programs, national security, and environmental monitoring. This trend is expected to drive demand for satellite data in defense, agriculture, and climate research, creating growth opportunities for satellite data service companies.

Countries often rely on satellite data for national security purposes, including defense, surveillance, and border control. As the demand for security and strategic intelligence increases, so will the need for satellite data services.

The industry is witnessing a rise in public-private partnerships amid growing emphasis on expanding satellite infrastructure and services. Many governments provide financial support to satellite data service companies to build and launch satellites. This financial backing will bode well for the global satellite data services industry during the assessment period.

Expansion of satellite constellations by private companies is expected to boost satellite data services market growth. Major initiatives like SpaceX’s Starlink and Amazon’s Kuiper project are constantly launching new satellites into orbit. This, in turn, is increasing market competition, eventually reducing the satellite data services market price.

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Emerging Satellite Data Services Market Trends

There is a growing trend of deploying small satellite constellations like low earth orbit (LEO) to improve speed, coverage, and reliability of satellite-based data services and internet. This trend is expected to play a key role in expanding the satellite data services industry.

The target industry is also witnessing a rising demand for real-time satellite imagery and data analytics to support timely decision-making in situations like environmental monitoring and disaster management.

Companies are focusing on integrating AI and ML in satellite data processing for improved efficiency and accuracy of satellite data services. Integration of these advanced technologies is set to revolutionize the satellite data service industry.

Growing popularity of satellite-as-a-service models is also expected to increase the overall satellite data services market value in the coming years.

Also Read: Satellite Telephones Market Analysis, Size, and Forecast 2025-2032

Analyst’s View

“The global satellite data services market is poised to register strong growth, owing to increasing adoption of satellite data services across diverse industries, growing demand for high-speed internet, and advancements in satellite technologies,” said senior analyst Suraj Bhanudas Jagtap.

Current Events and Their Impact on the Satellite Data Services Market

Event	Description and Impact
Rising Demand for Satellite-based Earth Observation Data	Description: There is a growing need for geospatial intelligence across sectors such as agriculture, disaster management, and urban planning. Impact: Increased demand for satellite data services in a wide range of industries will drive market growth.
Escalating Concerns Over Climate Change and Environmental Monitoring	Description: Governments and international organizations are launching initiatives to monitor and mitigate climate change. Impact: High demand for satellite-based environmental monitoring services will bode well for the industry.
Geopolitical Tensions and National Security Concerns	Description: The need for satellite-based surveillance and intelligence is increasing amid global geopolitical instability. Impact: This is leading to increased government spending on satellite data services for defense and intelligence purposes.

Competitor Insights

Key companies in satellite data services market research report:

• Spire Global
• Planet Labs
• SATPALDA Geospatial Services
• Maxar Technologies
• BlackSky Global
• Harris Geospatial
• Airbus Defense and Space
• Orbital Insight
• ICEYE
• Descartes Labs
• ESA
• CGI Group

Key Developments

• In April 2025, Airbus-built forest monitoring satellite Biomass was launched into orbit. This new satellite will use its P-band synthetic aperture radar instrument to measure forest biomass.
• In January 2025, Planet Labs successfully launched its Pelican-2 satellite as well as 36 SuperDoves of Flock 4G on SpaceX’s Transporter-12 Rideshare mission. Pelican-2 satellite has the tendency to provide up to 40 cm class resolution imagery for cross sensor analysis.
• In August 2024, Spire Global Inc. launched seven LEMUR satellites on the SpaceX Transporter-11 mission. These newly launched satellites are designed for a variety of applications, including enhancing weather forecasting, improving maritime ship tracking, and enabling global soil moisture monitoring.
  

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Market Segmentation

Vertical Insights (Revenue, USD Bn, 2020 - 2032)

• Agriculture
• Engineering
• Infrastructure
• Defense
• Security
• Others

End-user Industry Insights (Revenue, USD Bn, 2020 - 2032)

• Government & Military
• Commercial
• Service
  
  

Service Insights (Revenue, USD Bn, 2020 - 2032)

• Image Data
• Data Analytics

Deployment Insights (Revenue, USD Bn, 2020 - 2032)

• Cloud
• On-premises

Regional Insights (Revenue, USD Bn, 2020 - 2032)

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
• Africa
  • South Africa
  • North Africa
  • Central Africa

Also Read: Internet of Things in Precision Agriculture Market Analysis & Forecast (2025-2032)

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