Press release
Satellite-Based Earth Observation Market Set to Hit $6.4 Billion by 2032, Led by North America
According to a new report published by Allied Market Research, titled, "Satellite-Based Earth Observation Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Satellite Orbit, by End-use : Global Opportunity Analysis and Industry Forecast, 2023-2032." The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both its growth drivers and restraints. Additionally, it sheds light on factors expected to offer promising opportunities for development of industry in the future.Download Sample Report: https://www.alliedmarketresearch.com/request-sample/A07765
Satellite-based earth observation industry is expected to gain high traction in the coming years owing to increase in demand for high-resolution earth observation data, rise in applications of earth observation data in diverse sectors such as agriculture, urban planning, and disaster management, and partnerships facilitating miniaturization of satellite sensors. As governments, organizations, and industries worldwide seek more comprehensive data and insights to understand and mitigate the impacts of climate change, there is a growing demand for earth observation capabilities tailored to monitoring greenhouse gases and environmental changes. In September 2023, Mo Lin highlighted that the climate change is expected to be one of the key focuses of Chinese aerospace for future earth observation satellites. Philippe Pham, Senior Vice President and Head of Earth Observation and Science Programs at Airbus stated that the company partnerships would be crucial for miniaturizing satellite sensors and unlocking their potential, which could lead to exponential growth in the Earth observation market over the next five to seven years. Satellite-based earth observation market analysis provides insights into its current state and potential growth opportunities.
Satellite imagery comprises visual depictions of earth's surface captured by sensors on satellites. These images offer detailed views of land cover, vegetation, urban & natural landscapes, and water bodies. Earth observation data encompasses geospatial details such as geographic coordinates, elevation data, and terrain characteristics. This information serves vital roles in mapping, navigation, and applications within geographic information systems (GIS). The demand for accurate weather forecasting is rising to address the increased frequency and severity of extreme weather events which drives the growth of the satellite-based earth observation industry. The satellite-based earth observation market growth is driven by advancements in technology and increasing demand across various sectors.
For instance, in January 2024, Spire Global, Inc. secured a $9.4 million contract from the National Oceanographic and Atmospheric Administration (NOAA) to provide radio occultation (RO) data for an eight-month period. This contract is part of NOAA's Commercial Weather Data Program's Radio Occultation Data Buy II. Spire's RO data comprises vertical profiles of atmospheric measurements, including pressure, humidity, and temperature, spanning across all regions of the earth. This data will be utilized by NOAA for various purposes, including operational weather forecasting, space weather modeling, and climate research. Therefore, the use of earth observation data for such real-time weather forecasting is expected to propel the growth of the market.
Satellite-based earth observation market share indicates the distribution of market presence among industry players. The key players in the industry such as Airbus and Maxar Technologies have focused on providing observation as a service, predictive analytics, change detection, advanced data analytics, and other services. The satellite-based earth observation market forecast also highlights the increasing importance of satellite data in addressing global challenges such as climate change, natural resource management, and disaster response. Observation as a service includes provision of satellite imagery and data on-demand or through a subscription model, allowing users to access specific areas of interest or acquire data at scheduled intervals. Geospatial analytics involves the analysis of satellite imagery and other geospatial data to derive insights, patterns, and trends related to specific geographic locations. This can include tasks such as land cover classification, urban growth monitoring, and spatial analysis of environmental factors.
Buy This Research Report: https://www.alliedmarketresearch.com/checkout-final/2443a8330f3c6d78f1677804b99df105
The satellite-based earth observation market opportunity presents a favorable landscape for businesses to capitalize on the growing demand for satellite data solutions across diverse industries. North America, especially the U.S., hosts some of the premier space agencies, satellite manufacturers, and earth observation service providers, which notably contributes toward the growth of the market. In addition, the continual progress in satellite technology, sensor capabilities, and data processing methods fosters market expansion. Moreover, space agencies in the country are collaborating with commercial satellite providers to enhance their earth observation capabilities. For instance, in October 2023, National Aeronautics and Space Administration (NASA) significantly expanded its Commercial Smallsat Data Acquisition Program by awarding contracts to seven companies for the provision of earth observation data and services.
Key players operating in the global satellite-based earth observation market include Airbus SE, Boeing, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Mitsubishi Electric Corporation, Planet Labs PBC, L3Harris Technologies, Inc., SkyWatch Space Applications Inc., Raytheon Technologies Corporation, Thales Group, Maxar Technologies, BlackSky, Capella Space, and ICEYE.
Key Finding of the Study:
➢ By product type, the value-added services segment is anticipated to exhibit significant growth in the near future.
➢ By satellite orbit, the medium earth orbit segment is anticipated to exhibit significant growth in the near future.
➢ By end-use, the energy and raw materials segment is anticipated to exhibit significant growth in the near future.
➢ By region, North America is anticipated to register the highest CAGR during the forecast period.
Key Benefits For Stakeholders:
➢ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the satellite-based earth observation market analysis from 2022 to 2032 to identify the prevailing satellite-based earth observation market opportunities.
➢ The market research is offered along with information related to key drivers, restraints, and opportunities.
➢ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
➢ In-depth analysis of the satellite-based earth observation market segmentation assists to determine the prevailing market opportunities.
➢ Major countries in each region are mapped according to their revenue contribution to the global market.
➢ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
➢ The report includes the analysis of the regional as well as global satellite-based earth observation market trends, key players, market segments, application areas, and market growth strategies.
Enquiry About Report: https://www.alliedmarketresearch.com/purchase-enquiry/A07765
Frequently Asked Questions?
Q1. What will be the Satellite-Based Earth Observation Market Size From 2023 to 2032?
Q2. What is the CAGR of Satellite-Based Earth Observation Market?
Q3. How can I get sample report of Satellite-Based Earth Observation Market?
Q4. Which are the top companies in the Satellite-Based Earth Observation Industry?
Q5. What are the segments of Satellite-Based Earth Observation Market?
Q6. Which is base year calculated in the Satellite-Based Earth Observation Market report?
Q7. How the major currents trends will be shape the Satellite-Based Earth Observation Market in the future?
Q8. Which region holds the maximum market share of the Global Satellite-Based Earth Observation Market?
Similar Reports We Have on Aircraft Industry:
➢ Satellite Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/satellite-market
➢ LEO and GEO Satellite Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/leo-and-geo-satellite-market-A09227
➢ Satellite Manufacturing Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/satellite-manufacturing-market-A13678
➢ Space Launch Services Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/space-launch-services-market
➢ Aircraft Cabin Interior Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/aircraft-cabin-interior-market
➢ Aerospace Parts Manufacturing Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/aerospace-parts-manufacturing-market-A09709
➢ Aircraft Electric Motor Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/aircraft-electric-motor-market-A84407
➢ Aviation Asset Management Market Opportunity Analysis and Industry Forecast, 2024-2033
https://www.alliedmarketresearch.com/aviation-asset-management-market-A13891
➢ Satellite Image Data Services Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/satellite-image-data-services-market-A09064
➢ Satellite-Based Earth Observation Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/satellite-based-earth-observation-market-A07765
➢ Satellite Based Augmentation Systems (SBAS) Market Opportunity Analysis and Industry Forecast
https://www.alliedmarketresearch.com/satellite-based-augmentation-systems-sbas-market-A10209
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Satellite-Based Earth Observation Market Set to Hit $6.4 Billion by 2032, Led by North America here
News-ID: 3986787 • Views: …
More Releases from Allied Market Research

Airport Operations Market Set to Hit $13.8B by 2031, with Software Segment Leadi …
According to a new report published by Allied Market Research, titled, "Airport Operations Market Size, Share, Competitive Landscape and Trend Analysis Report, by Airport Class, by Operation, by Platform, by Airport Category: Global Opportunity Analysis and Industry Forecast, 2021-2031". The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing…

Tactical Communication Market Poised for Strong Growth, Reaching $46.55 Billion …
According to a new report published by Allied Market Research, titled, "Tactical Communication Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Technology, by Platform, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031." The tactical communication market was valued at $20.05 billion in 2021, and is estimated to reach $46.55 billion by 2031, growing at a CAGR of 8.71% from 2022 to 2031. The research…

Drone Software Industry Soars to $21.93 Billion by 2031 with 14.5% Annual Growth
According to a new report published by Allied Market Research, titled, " The drone software market was valued at $5.96 billion in 2021, and is estimated to reach $21.93 billion by 2031, growing at a CAGR of 14.5% from 2022 to 2031. The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing…

Dialyzer Market Set to Surge to $4.53 Billion by 2025 at a 6.2% CAGR
In 2017, the global dialyzer market was valued at approximately $2.81 billion and is projected to reach $4.53 billion by 2025, registering a CAGR of 6.2% during the forecast period. This growth trajectory underscores the escalating demand for dialysis treatments worldwide. The global dialyzer market has witnessed significant growth over the past decade, driven by a surge in end-stage renal disease (ESRD) cases, increasing prevalence of diabetes and hypertension,…
More Releases for Satellite
Satellite Transponders Market to Witness Huge Growth by 2026| APT Satellite Comp …
Latest released the research study on Global Satellite Transponders Market, offers a detailed overview of the factors influencing the global business scope. Satellite Transponders Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Satellite Transponders.
The study covers emerging player's data, including: competitive…
Satellite Transponders Leasing Market Is Booming Worldwide | SingTel Optus, MEAS …
HTF MI recently introduced Global Satellite Transponders Leasing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Intelsat, SES, Eutelsat, SingTel Optus, MEASAT satellite systems, Asia Broadcast…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is driven by increase in demand for direct to home (DTH) television, high definition TV conversion, and intercontinental transmission in developed economies. In addition, continuous growth of video diffusion and internet access, increase in demand for digital TV and growth in communication and broadcasting market fuels the market growth. However, technology risk, spectrum access risk, and increase in competition from fiber optical cable limit the market…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is segmented on the basis of type, end user, and application. Type segment covered in this study include large satellite, mini satellite, micro satellite, and nano satellite. Based on end user, the market is categorized into commercial, civil, government, and others. On the basis of application, the market is divided into scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and…
Satellite Transponders Leasing Market Outlook to 2025 - MEASAT satellite systems …
The satellite transponders leasing market is anticipated to grow at a CAGR of 4.43% during the forecast period of 2015-2025 and accounts for US$ 19,225.3 Mn in the year 2025.
An exclusive Satellite Transponders Leasing market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Satellite Transponders Leasing Market By Type, By Application, By…
Satellite Transponders Leasing Market Outlook to 2025 – Intelsat, SES, Telesat …
ReportsWeb.com added “Satellite Transponders Leasing Market - Global Trends, 2018 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.
Satellite transponders are small chip size circuits that are integrated into satellites for the purpose of transmitting the uplink data/information to the downlink and vice-versa. The rising trend of advanced channel broadcasting has escalated the demand for satellite transponders…