Satellite Data Services Market Size, Share & Trends Analysis growing at a CAGR of 16.3% from 2025 to 2030
The global satellite data services market size was estimated at USD 12,115.2 million in 2024 and is projected to reach USD 29,587.9 million by 2030, growing at a CAGR of 16.3% from 2025 to 2030. There is a rising need for high-resolution satellite imagery across various industries, including agriculture, defense, and environmental monitoring.
Key Market Trends & Insights
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
- In terms of segment, defense & security accounted for a revenue of USD 3,520.2 million in 2024.
- Environmental & Climate Monitoring is the most lucrative application segment registering the fastest growth during the forecast period.
Market Size & Forecast
- 2024 Market Size: USD 12,115.2 Million
- 2030 Projected Market Size: USD 29,587.9 Million
- CAGR (2025-2030): 16.3%
- North America: Largest market in 2024
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/satellite-data-services-market/request/rs1
This demand is driven by the necessity for accurate data to inform decisions related to climate change, resource management, and security operations, as highlighted by the deployment of advanced satellites like the Space-Based Infrared System for military applications.
The government initiatives and investments in space exploration and satellite technology have bolstered the market. Many countries focus on developing satellite programs to strengthen their capabilities in gathering and utilizing data for national security, infrastructure development, and resource management. This governmental support enhances technological advancements and encourages private-sector participation, expanding the satellite data services industry.
In addition, increasing global focus on sustainability and climate change further drives demand. Satellite data plays a vital role in helping monitor environmental changes, tracking natural disasters, and supporting climate-related research. As organizations and governments strive to meet sustainability goals, the demand for satellite data services has surged, providing insights essential for planning and implementing effective environmental policies.
