Satellite-Based Earth Observation Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

Which drivers are expected to have the greatest impact on the over the satellite-based earth observation market's growth?
The satellite-based earth observation market is anticipated to thrive as the number of satellite launches grows. A satellite, which is designed to orbit the Earth or other celestial bodies, serves various functions, such as collecting data, navigation, and conducting scientific research. These satellites are furnished with sensors that scrutinize and capture images of the Earth's surface for a broad range of applications, including weather prediction and environmental and climate change surveillance. As per the United Nations Office for Outer Space Affairs in March 2023, a US-based government entity, there has been a rise in space launches, with the tally going from 1,810 in 2021 to 2,163 in 2022. Additionally, the Government Accountability Office, a US-based independent and unbiased government agency, reported in September 2022 that there were about 5,500 active satellites orbiting as of spring 2022, with an estimate of 58,000 more to be launched by 2030. Consequently, the surge in satellite launches is fueling the expansion of the satellite-based earth observation market.

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What is the future CAGR of the satellite-based earth observation market, and how will it impact industry expansion?
The market size for earth observation using satellites has seen vigorous growth in recent years. The market is projected to escalate from $6.55 billion in 2024 to $7.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.3%. This growth during the historical period is partly due to government funding in space programs, a mounting requirement for monitoring the environment, advancement in agriculture and forestry applications, growing demand for disaster management solutions, and the enlargement of defense and intelligence applications.

The market size of earth observation through satellites is predicted to surge considerably in the coming years. The projections indicate that it will climb to $9.53 billion in 2029, with a 7.7% compound annual growth rate (CAGR). This growth during the predicted period can be credited to the escalating demand for geospatial data analytics, the increasing uptake of satellite-based services in commercial sectors, the growing need for climate change surveillance, broadening of satellite constellations, and the creation of small satellites for observing earth. The forecast period also suggests prominent trends such as the onset of high-resolution imaging abilities, the incorporation of artificial intelligence (AI) and machine learning in data interpretation, the employment of CubeSat technology, the creation of hyperspectral imaging satellites, and a heightened emphasis on sustainable and eco-friendly satellite technologies.

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How are the latest trends influencing the growth of the satellite-based earth observation market?
The growing trend of technological innovations is becoming quite prominent in the satellite-based earth observation market. Major firms involved in this market are concentrating on creating superior technological solutions to maintain their dominance. Taking an example from November 2022, the Indian Space Research Organization (ISRO), a national space agency based out of India, deployed the Earth Observation Satellite-6 (EOS-6), which is a third-generation Indian ocean monitoring satellite. The satellite is equipped with three distinct ocean observation sensors for the first time in its range: the Ku-Band scatterometer (SCAT-3), the Sea Surface Temperature Monitor (SSTM), and the Ocean Color Monitor (OCM-3). The state-of-the-art 13-channel OCM, with a 1400 km swath and 360 m spatial resolution, will consistently survey the earth's surface and provide crucial data on the distribution of ocean algae, a fundamental component of the food chain in the marine ecosystem. The OCM-3, with its high signal-to-noise ratio, promises to deliver improved precision in daily monitoring of phytoplankton that has numerous operational and research uses, such as management of fishery resources, ocean carbon uptake, alerts for harmful algal bloom, and climate-related studies.

Which key market segments comprise the satellite-based earth observation market and drive its revenue growth?
The satellite-based earth observation market covered in this report is segmented -

1) By Product Type: Earth Observation (EO) Data, Value Added Services
2) By Satellite Orbit: Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit
3) By Technology: Optical, Synthetic Aperture Radar
4) By Payload Type: Satellite Communications (SATCOM), Electro-Optical Or Infra-Red (EO Or IR), Communication, Imaging, Navigation
5) By End-User: Defense And Intelligence, Infrastructure And Engineering, Agriculture, Energy And Power, Other End-Users

Subsegments:
1) By Earth Observation (EO) Data: Optical Satellite Data, Radar Satellite Data, Hyperspectral Satellite Data, Thermal Infrared Satellite Data, LiDAR Data
2) By Value Added Services: Data Processing and Analysis, Geographic Information Systems (GIS) Services, Data Visualization Services, Consulting Services, Custom Application Development

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What regions are at the forefront of satellite-based earth observation market expansion?
North America was the largest region in the satellite-based earth observation market in 2024. The regions covered in the satellite-based earth observation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the satellite-based earth observation market?
Major companies operating in the satellite-based earth observation market include 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

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What Is Covered In The Satellite-Based Earth Observation Global Market Report?

• Market Size Forecast: Examine the satellite-based earth observation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the satellite-based earth observation market for a structured understanding.
• Key Players Overview: Analyze major players in the satellite-based earth observation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the satellite-based earth observation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the satellite-based earth observation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the satellite-based earth observation market.
• Industry Challenges: Identify potential risks and obstacles affecting the satellite-based earth observation market.
• Competitive Landscape: Review strategic developments in the satellite-based earth observation market, including expansions, agreements, and new product launches.

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