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