The Argentina satellite imagery services market is valued at USD 0.04 billion in the current year. It is expected to register a CAGR of 6.66% during the forecast period to become USD 0.05 billion by the next five years.
The Argentina Satellite Imagery Services market exhibits moderate consolidation, featuring several key players such as ESRI, Satellogic, Airbus Group Inc, L3 Harris Corporation, and Telespazio, among others. These companies are actively engaged in strategic partnerships and ongoing product development initiatives to expand their market presence. Notable recent developments in the market include:
In September 2023, EOS Data Analytics, a global AI-powered satellite imagery analytics firm, entered into a strategic partnership with Agro Gestión, a company specializing in primary production and agribusiness management. This collaboration is aimed at introducing cutting-edge technological solutions in Argentina, with plans to extend the initiative to Paraguay and Spain. The primary goal is to leverage advanced technology to transform the agricultural landscape. As part of its strategy to grow in the Latin American market and emphasize innovation and efficiency, Agro Gestión is broadening its technological portfolio with the introduction of EOSDA Crop Monitoring, an online platform for precision agriculture based on satellite imagery for field monitoring.
In April 2023, the National Commission for Space Activities of Argentina (CONAE), the nation's leading space agency, joined forces with ReOrbit, a prominent developer of software-defined satellites, to collaborate on the development of the next generation of Earth observation satellites. VENG, a high-value-added space technology and services firm, is also involved in this significant project. ReOrbit plans to utilize its adaptable software-defined satellite platform called Gluon for this venture. Gluon is capable of supporting a wide range of payloads, including optical inter-satellite communications and remote sensing capabilities. This partnership represents a substantial step forward in enhancing Argentina's capabilities in space technology and Earth observation.
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