Press release
Satellite-Based Earth Observation Market forecasting at a CAGR of 4Percent it to reach USD 4979.99 Mn during the forecast period 2029.
Satellite-Based Earth Observation Market
Satellite-based Earth Observation (EO) involves the use of satellites to identify environmental changes, create maps, and gather information related to the chemical, physical, and biological aspects of the Earth's system. The gathered data is utilized in various sectors such as defense and intelligence, infrastructure and engineering, natural resource management, energy and power, and disaster management. The market report provides detailed insights into key market dynamics, market segmentation, and regional analysis of the global Satellite-Based Earth Observation Market during the forecast period.
To ensure accuracy and reliability, the market report employs a robust research methodology, combining both primary and secondary data sources. Extensive data collection and analysis techniques have been utilized to offer valuable and insightful information to stakeholders.
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What are Satellite-Based Earth Observation Market Dynamics:
The growth of the Satellite-Based Earth Observation Market is primarily driven by advancements in satellite technology. High-resolution cameras and advanced remote-sensing technology equipped in satellites have resulted in a surge in satellite-based earth observation images. These data are extensively used by defense, research and development organizations, private users, and various industries, driving market growth.
Additionally, government investments in the EO program in the civil and meteorology sector have contributed significantly to market expansion. In 2021 alone, the government invested about USD 10 billion in this sector, fostering growth opportunities for the market.
The high investment cost and lack of coordination among different satellite databases have posed challenges to the Satellite-Based Earth Observation Market. However, to overcome these obstacles, the introduction of the 'Group on Earth Observation System of Systems' has been implemented, offering a unified internet access point to users across various domains.
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Satellite-Based Earth Observation Market Regional Insights:
North America is expected to dominate the Satellite-Based Earth Observation Market during the forecast period, owing to constant research activities and significant investments in satellite technology across different industries.
Furthermore, developing countries like Vietnam, Malaysia, Kazakhstan, and South Africa are witnessing a surge in autonomous activities, contributing to the market's growth. Initiatives by governments to develop advanced satellite imaging devices for institutions and companies also propel market expansion. Over 50 countries are set to launch their own satellites during the forecast period, with Morocco and Pakistan being the latest to join the Earth observation satellite club. Additionally, partnerships between Geographic Information System (GIS) companies, mobile device manufacturers, and leading operators of remote sensing satellites are expected to further drive market growth.
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What is Satellite-Based Earth Observation Market Segmentation:
Satellite-Based Earth Observation Market by Application
Data
VAS
Satellite-Based Earth Observation Market by End User
Defense and Intelligence
•Infrastructure and Engineering
Agriculture
Energy and Power
Satellite-Based Earth Observation Market by Satellite Orbit
Low Earth Orbit
Medium Earth Orbit
Geostationary orbit
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Who are Satellite-Based Earth Observation Market Key Players:
1. Airbus Defense and Space
2. MDA Corporation
3. UrtheCast Corporation
4. Harris Corporation
5. Planet Labs Inc.
6. GeoOptics Inc
7. Hispasat,
8. ImageSat International N.V
9. L3Harris Technologies Inc
10. Maxar Technologies
11. PlanetiQ, Thales Group
12. Dettwiler & Associates Ltd
13. Deimos Imaging S.l.
14. Skybox Imaging Inc
15. Rapid Eye A.G.
Table of content for the Satellite-Based Earth Observation Market includes:
1. Global Satellite-Based Earth Observation Market: Research Methodology
2. Global Satellite-Based Earth Observation Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Satellite-Based Earth Observation Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Satellite-Based Earth Observation Market Segmentation
• Global Market, by Application (2022-2029)
• Global Market, by End User (2022-2029)
• Global Market, by Satellite Orbit (2022-2029)
5. Regional Satellite-Based Earth Observation Market (2021-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by End User (2022-2029)
• Regional Market, by Satellite Orbit (2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Application , End Use and Satellite Orbit
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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