Press release
Satellite-Based Earth Observation Market 2023-2028 | Industry Size, Share, Report
Satellite-Based Earth Observation Market
The global satellite-based earth observation market size reached US$ 3.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Earth observation through satellites involves employing orbiting spacecraft furnished with an array of sensors and imaging devices to amass data and photograph the Earth's surface and atmosphere. This approach allows for methodical monitoring and assessment of our planet from the vantage point of space, offering vital insights into Earth's environment, weather phenomena, climate shifts, natural calamities, urban growth, agriculture, and various other aspects. Satellite-based Earth observation is instrumental in advancing scientific research, environmental stewardship, disaster preparedness, and resource management, thanks to its ongoing data collection and imagery acquisition.
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Global Satellite-Based Earth Observation Market Trends and Drivers:
The global market is experiencing significant growth due to the increased utilization of satellite-based earth observation for environmental monitoring and conservation efforts, encompassing deforestation tracking, wildlife habitat monitoring, and climate change impact assessment. Furthermore, the market is benefiting from the escalating adoption of satellite-based earth observation in disaster management and response, aiding authorities in gauging the scale of natural disasters like floods, wildfires, and earthquakes for efficient emergency interventions. Additionally, the expanding use of satellite-based earth observation within the maritime sector, contributing to vessel tracking, maritime safety, environmental compliance, and monitoring shipping routes, as well as addressing illegal fishing activities and responding to oil spills, is contributing positively to market growth.
Global Satellite-Based Earth Observation Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Airbus SE
BAE Systems plc
GeoOptics Inc.
ImageSat International N.V.
L3Harris Technologies Inc.
Lockheed Martin Corporation
Maxar Technologies Inc.
Northrop Grumman Corporation
OHB System AG (OHB SE)
Planet Labs PBC
Raytheon Technologies Corporation
Thales Group.
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The report segmented the market on the basis of region, solution and end user.
Breakup by Solution:
Data
Value Added Services
Breakup by End User:
Defense and Intelligence
Infrastructure and Engineering
Agriculture
Energy and Power
Others
Breakup By Regions:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Contact Us:
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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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