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Projected Surge in Satellite-Based Earth Observation Market: Key Figures, Influential Drivers, and Striking Trends
Projected Surge in Satellite-Based Earth Observation Market
What Is The Projected Market Size Of The Global Satellite-Based Earth Observation Market And Its Growth Rate?
- The market size grew from $6.55 billion in 2024 to $7.09 billion in 2025, indicating a CAGR of 8.3%.
- Factors contributing to this growth include government investments, increasing need for environmental monitoring, agricultural and forestry advancements, and the rising demand for disaster management solutions.
- The market size is projected to shoot up to $9.53 billion in 2029, attributable to demands for geospatial data analytics, increased adoption of satellite-based services by commercial industries, rising climate change monitoring requirements, expansion of satellite constellations, and small satellite innovations for earth observation.
What Is Driving The Growth In The Satellite-Based Earth Observation Market?
The surge in the number of satellite launches has been a major propeller of the satellite-based earth observation market. Satellites, armed with sensors specifically designed to monitor and capture images of the Earth's surface, are mobilized into the orbit for various purposes including navigation, scientific research, and amassing information. With an increased number of active satellites in the orbit and an estimated 58,000 launches by 2030, the market is set to witness substantial growth.
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Who Are the Key Players Driving Satellite-Based Earth Observation Market Growth?
- Raytheon Technologies Corporation
- Lockheed Martin Corp.
- Airbus SE
- BAE Systems Plc
- Thales Group
- L3Harris Technologies Inc.
- Israel Aerospace Industries Ltd.
- Viasat
- Maxar Technologies Inc.
- MDA Corporation
- Planet Labs Inc.
- Spire Global
- BlackSky Global
- Iceye
- EOS Data Analytics
- RS Metrics
- D-Orbit
- Descartes Labs
- UrtheCast
- Orbital Insight
- GHGSat
- Satellogic SA
- GomSpace
- SkyWatch Inc.
- Global Surface Intelligence Ltd.
- PlanetiQ Inc.
- GeoOptics Inc.
- ImageSat International N.V
- Capella Space
- HawkEye 360
What Are The Key Trends In The Satellite-Based Earth Observation Market?
- Emergence of high-resolution imaging capabilities
- Integration of AI and machine learning in data analysis
- Adoption of CubeSat technology
- Development of hyperspectral imaging satellites
- Increased focus on sustainable and eco-friendly satellite technologies
What Are The Segments Of The Global Satellite-Based Earth Observation Market?
- By Product Type: Earth Observation (EO) Data, Value Added Services
- By Satellite Orbit: Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit
- By Technology: Optical, Synthetic Aperture Radar
- By Payload Type: SATCOM, EO Or IR, Communication, Imaging, Navigation
- By End-User: Defense And Intelligence, Infrastructure And Engineering, Agriculture, Energy And Power, Other
Which Region Leads The Satellite-Based Earth Observation Market?
North America was the largest contributor to the Satellite-Based Earth Observation Market in 2024. Other regions involved include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Satellite-Based Earth Observation Market Global Market Report?
The Satellite-Based Earth Observation Market Global Market Report covers crucial elements such as market size analysis, segmentation analysis, key players, growth trends, market contribution, growth drivers, industry challenges, and competitive developments.
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