Press release
Satellite-based Earth Observation Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026
The Satellite-based Earth Observation Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Satellite-based Earth Observation market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Satellite-based Earth Observation market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Satellite-based Earth Observation market.The global satellite-based Earth observation market was valued at USD 2,743.6 million in 2020, and it is expected to reach USD 4,427.2 million by 2026, registering a CAGR of 8.5% over the forecast period (2021 - 2026).
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Top Leading Companies of Satellite-based Earth Observation Market are - Airbus Defense and Space, Satcom Technologies, GeoOptics Inc., ImageSat International NV, MDA Corp., Planet Labs Inc., PlanetIQ LLC, UrtheCast Corp., Harris Corporation and others.
Industry News and Updates:
- January 2020 - Virgin Orbit signed an agreement with ImageSat International (ISI) to develop an end-to-end responsive space service offering focused on national security customers. The joint turnkey service was announced at the 15th Ilan Ramon International Space Conference, during Israel Space Week, which takes advantage of the responsive and flexible capabilities of Virgin Orbit’s LauncherOne system to rapidly deploy ISI’s high-resolution Earth observation small satellites.
- August 2019 - MDA was awarded a contract from the Canadian space agency to execute the system design phase of a forest fire monitoring satellite. The purpose of the WildFireSat (WFS) mission would be to provide a space-based capability to increase Canada’s ability to monitor wildland fires across the country
Key Market Trends:
Increasing Need to Generate Big Data to Offer Accurate Insights into Earth Observation
- The earth observation industry is continually developing, anticipating a seamless integration of new technologies, sensing modalities, and unconventional data sources. As the demand for earth observation data explodes to address the global population's challenges, climate change, disasters, etc., the need for capturing the earth observation data on various scales, including small scale to large scale, increases, thereby increasing the demand for satellite-based Earth observation.
- The big Earth observation data has gradually promoted the development of global industries, research institutions, and application sectors, which has had a profound impact on the study of the Earth system contributing to human activities, environmental monitoring, and climate changes, and also provided abundant data resource for the construction of digital Earth.
North America to Hold the Largest Market Share
- North America is anticipated to dominate the market studied, during the forecast period, due to the highest number of ongoing research studies and investments in the market, the presence of a sophisticated infrastructure to undertake space programs, and the quickest and highest adoption of commercial satellite imaging across various industries in the region.
- Due to the strong support from the federal government, in the form of grants to academic institutions and companies, to develop highly advanced satellite imaging devices, the market studied is estimated to expand further in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Satellite-based Earth Observation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Satellite-based Earth Observation Market (%),2016 - 2026
- Satellite-based Earth Observation Market Share, By Brand
- Satellite-based Earth Observation Market Share, By Company
- Satellite-based Earth Observation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Satellite-based Earth Observation Market Value Analysis & Forecast
- Promising Satellite-based Earth Observation Development by Major Companies
- Detailed Satellite-based Earth Observation Portfolio of the Major Companies
- Major Deals in the Satellite-based Earth Observation Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082591703/satellite-based-earth-observation-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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