According to IMARC Group’s latest report, titled “Global Satellite-based Earth Observation Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global satellite-based earth observation market reached a value of US$ 3.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.53 Billion by 2027, exhibiting a CAGR of 6.40% during 2022-2027.

Satellite-based Earth observation (EO) is done with satellites orbiting around the surface of Earth to observe, view, and identify environmental change, map making, and others. It gathers crucial information about the chemical, physical, and biological systems of the Earth using remote sensing technologies and surveying techniques. This technique allows the measurement of geophysical parameters of the Earth from the orbit with the use of sensors and cameras. The gathered data is effectively used to predict climate patterns, agricultural usage, weather changes, disasters, natural calamities, oil and mineral deposits, and the availability of water resources. Owing to these properties, it finds extensive application in defense, infrastructure, engineering, agriculture, energy, and power sector across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Satellite-based Earth Observation Market Trends:

The market is primarily driven by the escalating demand for large data technology to generate accurate and valuable insights into Earth Observation data. In addition, forest degradation is accelerating the need for satellite-based EO for the sustainable management of protected forest areas to protect individuals and infrastructure, which is contributing to market growth. Moreover, governments of various economies are facilitating the adoption of smart and precision farming practices due to the rising food safety concerns and declining arable land, which is expanding the application of satellite-based EO systems in information-guided agriculture.

Besides this, satellite-based EO is gaining popularity in rural development and sustainable urban planning as it offers high-resolution satellite imagery data that helps monitor urban change processes. This, coupled with the extensive utilization of high-accuracy datasets in defense and intelligence for airfields monitoring, crime mapping, land surveillance activities, and critical infrastructure protection, is creating a positive market outlook across the globe.

Global Satellite-based Earth Observation Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

  • Airbus SE
  • BAE Systems plc
  • Lockheed Martin Corporation
  • Maxar Technologies Inc.
  • Northrop Grumman Corporation
  • OHB System AG (OHB SE)
  • Planet Labs PBC
  • GeoOptics Inc.
  • ImageSat International N.V.
  • L3Harris Technologies Inc.
  • Raytheon Technologies Corporation
  • Thales Group.

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The report has segmented the market on the basis of region, solution and end user.

Breakup by Solution:

  • Data
  • Value Added Services

Breakup by End User:

  • Defense and Intelligence
  • Infrastructure and Engineering
  • Agriculture
  • Energy and Power
  • Others

Breakup by Geography:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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