Global Satellite Based Earth Observation Market Share Report 2024, Forecast To 2033
8 Mar, 2024
The satellite-based earth observation market projects growth from $6.14 billion in 2023 to $6.68 billion in 2024, with a CAGR of 8.9%. By 2028, it's set to reach $9.03 billion, with a CAGR of 7.8%. Geospatial analytics and small satellites drive this, alongside trends like AI integration and hyperspectral imaging.
Global Satellite Based Earth Observation Market Key Driver
The increasing number of satellite launches is driving growth in the satellite-based earth observation market. More satellites in orbit increase data collection capabilities, driving market growth. For instance, UNOOSA reported a rise in objects launched into space, driving market growth.
Get A Free Sample Of The Global Satellite Based Earth Observation Market ReportGlobal Satellite Based Earth Observation Market Segments
The satellite-based earth observation market covered in this report is segmented –
1) Product Type:Earth Observation (EO) Data, Value Added Services
2) Satellite Orbit:Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit
3) Technology:Optical, Synthetic Aperture Radar
4) Payload Type:Satellite Communications (SATCOM), Electro-Optical Or Infra-Red (EO Or IR), Communication, Imaging, Navigation
5) End-User:Defense And Intelligence, Infrastructure And Engineering, Agriculture, Energy And Power, Other End-Users
By Geography: The countries covered in the satellite-based earth observation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the satellite-based earth observation market in 2023. The regions covered in the satellite-based earth observation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Satellite Based Earth Observation Industry Players
Raytheon Technologies Corporation; Lockheed Martin Corp.; Airbus SE; BAE Systems Plc; Thales Group; L3Harris Technologies Inc.; Israel Aerospace Industries Ltd.; Viasat; Maxar Technologies Inc.; MDA Corporation; Planet Labs Inc.; Spire Global; BlackSky Global; Iceye; EOS Data Analytics; RS Metrics; D-Orbit; Descartes Labs; UrtheCast; Orbital Insight; GHGSat; Satellogic SA; GomSpace; SkyWatch Inc.; Global Surface Intelligence Ltd.; PlanetiQ Inc.; GeoOptics Inc.; ImageSat International N.V; Capella Space; HawkEye 360
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Satellite Based Earth Observation Market Overview
Satellite-based earth observation refers to satellites orbiting around the Earth to view, observe, and identify environmental change, map making, and other applications. The process utilizes remote sensing techniques to collect information on the Earth's chemical, physical, and biological aspects.