Press release
Future Perspectives: Key Trends Shaping the Satellite-Based Earth Observation Market Until 2029
Satellite-Based Earth Observation
Satellite-Based Earth Observation Market Expected Expansion by 2029
The satellite-based earth observation market is projected to reach a value of $9.33 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.4%. This expansion is fueled by rising needs for geospatial data analytics, broader adoption of satellite services across commercial sectors, heightened climate change monitoring activities, and the growth of satellite constellations. Additionally, the development of small satellites specifically designed for earth observation contributes significantly to this upward trend. Key emerging patterns in the industry include advances in high-resolution imaging, the integration of artificial intelligence (AI) and machine learning for enhanced data analysis, the increasing use of CubeSat technology, progress in hyperspectral imaging satellites, and a growing emphasis on environmentally sustainable satellite solutions.
Download a free sample of the satellite-based earth observation market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12553&type=smp
Leading Companies Shaping the Satellite-Based Earth Observation Industry
The market features several prominent players, such as 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, and HawkEye 360.
A notable industry event occurred in May 2023 when Advent International, a US private equity firm, alongside British Columbia Investment Management Corporation (BCI) from Canada, acquired Maxar Technologies Inc. for $6.4 billion. This acquisition aims to support long-term growth and wealth creation for both investors while ensuring Maxar remains headquartered and operated in the United States. Maxar is recognized as a US-based space technology company specializing in the manufacturing of Earth observation satellites.
View the full satellite-based earth observation market report:
https://www.thebusinessresearchcompany.com/report/satellite-based-earth-observation-global-market-report
Technological Progress Driving Innovation in Satellite-Based Earth Observation
Technological innovation remains a significant driving force in this market. Key industry participants are continuously developing cutting-edge solutions to maintain and strengthen their market positions. For example, in November 2022, the Indian Space Research Organization (ISRO) launched the Earth Observation Satellite-6 (EOS-6), the third-generation Indian satellite dedicated to ocean monitoring. This satellite is equipped with three ocean observation sensors for the first time in this series: the Ku-Band scatterometer (SCAT-3), the Sea Surface Temperature Monitor (SSTM), and the Ocean Color Monitor (OCM-3). The OCM-3 offers a 1400 km swath with a 360 m spatial resolution and is designed to deliver ongoing monitoring of the ocean's surface. It provides critical data on the distribution of ocean algae, which plays a foundational role in marine ecosystems.
The Importance of Advanced Sensors in Environmental Monitoring
With its high signal-to-noise ratio, the OCM-3 enhances the accuracy of daily phytoplankton monitoring, which has multiple operational and research applications. These include managing fishery resources, assessing ocean carbon uptake, issuing warnings about harmful algal blooms, and supporting climate change studies. This advancement highlights the increasing role of sophisticated satellite technologies in addressing environmental challenges and supporting sustainable resource management.
Breaking Down the Satellite-Based Earth Observation Market by Segments
This report breaks down the satellite-based earth observation market into several key segments:
1) By Product Type: Earth Observation (EO) Data and Value Added Services
2) By Satellite Orbit: Low Earth Orbit, Medium Earth Orbit, and Geostationary Orbit
3) By Technology: Optical and Synthetic Aperture Radar
4) By Payload Type: Satellite Communications (SATCOM), Electro-Optical or Infra-Red (EO or IR), Communication, Imaging, and Navigation
5) By End-User: Defense and Intelligence, Infrastructure and Engineering, Agriculture, Energy and Power, and Other end-users.
Further subcategories include types of Earth Observation data such as Optical Satellite Data, Radar Satellite Data, Hyperspectral Satellite Data, Thermal Infrared Satellite Data, and LiDAR Data. Value Added Services encompass Data Processing and Analysis, Geographic Information Systems (GIS) Services, Data Visualization Services, Consulting Services, and Custom Application Development.
Regional Dynamics and Market Outlook
The satellite-based earth observation market is marked by a global presence, with significant activity across different regions. As technology advances and demand increases, the market outlook remains promising, driven by diverse applications spanning defense, environmental monitoring, agriculture, and infrastructure management worldwide.
#Purchase This Detailed Market Report:#
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=30253
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Future Perspectives: Key Trends Shaping the Satellite-Based Earth Observation Market Until 2029 here
News-ID: 4316865 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Satellite
Military Satellite Market Size, Military Satellite Market Forecast, Military Sat …
According to The Insight Partners, "Military Satellite Market" report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Military Satellite Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Military Satellite Market is based on company profiles and their efforts on increasing product value…
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 Transponders Leasing Market 2019: Comprehensive Study by Key Players I …
The growing demand for C band and Ku band transponder by the commercial sector across the globe to spur the satellite transponders leasing market in the coming years. Along with the digitization of the broadcasting industry and emergence of enhanced TV media, such as HD and UHD TV the number of subscribers for advanced media broadcasting have increased. Also, the rising demand for OTT and demand based supply of channels…
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…
