According to the report published by Allied Market Research, the global satellite data service market generated $6.09 billion in 2020, and is projected to reach $45.85 billion by 2030, witnessing a CAGR of 22.5% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Surge in the demand for satellite data from various industry verticals, increase in demand for earth observation satellites, and privatization of the space industry drive the growth of the global satellite data service market. However, stringent government regulations for the implementation and use of satellites, and lack of dedicated launch vehicles for small satellites restrain the market to some extent. On the other hand, rise in New Space movement and increase in adoption of artificial intelligence (AI), machine learning (ML) and cloud computing in the space sector present new opportunities in the upcoming years.

Download Report (274 Pages PDF with Insights, Charts, Tables, Figures) at


Synthetic Aperture Radar (SAR) or SAR Journal is an industry trade journal which tracks the worldwide SAR industry. We offer news, education, and insights to the SAR industry. We are operated, moderated and maintained by members of the SAR community.This profile is run by multiple moderators who all represent the If you would like to submit news or have questions about a post please email us here: and someone will get back to you.

Leave a Reply

Your email address will not be published. Required fields are marked *