Global Satellite-based Earth Observation Market 2024-2028
The satellite-based earth observation market is forecasted to grow by USD 7604.6 mn during 2023-2028, accelerating at a CAGR of 10.67% during the forecast period. The report on the satellite-based earth observation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by use of satellites for advanced environment monitoring, advances in satellite EO technologies, and increasing need to enhance offshore communication.
Technavio's satellite-based earth observation market is segmented as below:
By Application
- Defense
- Weather
- LBS
- Energy
- Others
By Type
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand for small satellites as one of the prime reasons driving the satellite-based earth observation market growth during the next few years. Also, use of AI in satellite-based eo and big data in satellite-based EO will lead to sizable demand in the market.
The report on the satellite-based earth observation market covers the following areas:
- Satellite-based earth observation market sizing
- Satellite-based earth observation market forecast
- Satellite-based earth observation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading satellite-based earth observation market vendors that include Airbus SE, Antrix Corp. Ltd., BAE Systems Plc, Eagle View Technologies Inc., Geoimage, Global Surface Intelligence Ltd., Imagesat International I.S.I Ltd., Kleos Space S.A., L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, Orbital Insight Inc., Orbital Micro Systems, Planet Labs PBC, PlanetiQ, Raytheon Technologies Corp., Thales Group, and EarthDaily Analytics. Also, the satellite-based earth observation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth