Press release
Earth Observation Market Research Report 2023
Earth Observation MarketEarth observation is the process by which information related to Earth's physical, biological, and chemical composition are gathered from satellites by remote sensing techniques. The information gathered through satellites can be effectively used to monitor and predict weather changes, disasters and natural calamities, climate patterns, agriculture forecasts, oil and mineral deposits, and the availability of water sources. Satellite-based earth observation is used across various industries such as defense and intelligence, oil and gas, weather, agriculture, natural resources, engineering and construction, media and entertainment, and tourism.
The global Earth Observation market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Demand for earth observation market will be high from developing countries such as Vietnam, Malaysia, Kazakhstan and South Africa who would be widening their native autonomous capabilities in the near future. United States, Europe, China and India are all important operators of remote sensing satellites. Leading operators and service providers in these regions are partnering with Geographic Information System (GIS) companies and manufacturers of mobile devices to provide individual consumers with advanced information products and services. Initiatives taken by the government to embrace EO, in addition to the collaboration among operators to expand their capabilities by means of technology transfer would be the major driving factors in the satellite-based earth observation market.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Earth Observation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Earth Observation.
The Earth Observation market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Earth Observation market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Earth Observation manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• DigitalGlobe
• DMC International Imaging
• MDaInformationSystem
• Skybox Imaging (Google)
• ImageSat International
• BlackBridge Group (Rapid Eye)
• Deimos Imaging
• EGEO
• GeoOptics
• HisdeSAT Servicios Estrategicos
• PlanetiQ
• Planet Labs
• Satellogic
Segment by Type
• EO Data
• Value-added Services (VAS)
Segment by Application
• Agriculture
• Defense
• Disaster Management
• Energy
Production by Region
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