Satellite Based Earth Observation Market Size, Trends [2031]
Satellite Based Earth Observation Market Size, Trends [2031]
Segments - Satellite-based Earth Observation Market by Applications (Data and VAS), End-users (Defense and Intelligence, Infrastructure and Engineering, Agriculture, Energy & Power, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
Satellite-based Earth Observation Market Outlook 2031
The global satellite-based earth observation market size was valued at USD 6.01 Billion in 2022 and is expected to surpass USD 11.43 Billion by 2031, expanding at a CAGR of 7.4% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand for solutions that provide real-time, round the clock information on atmospheric changes such as weather forecasting.
Satellite-based earth observation is widely used for collecting the information about land, marine, as well as atmosphere monitoring aspects on earth. The collected information is used for monitoring, analyzing, and decision making in various sectors such as defense and intelligence, infrastructure and engineering, agriculture, and energy & power.
The global satellite-based earth observation market has been negatively impacted due to complete lockdown of industries and government restrictions on travelling during the COVID-19, which affected production of new satellite across the globe.
Satellite-based Earth Observation Market Trends, Drivers, Restraints, and Opportunities
- Increasing use of satellites for advanced environment monitoring and technology is anticipated to drive the market growth during the forecast period.
- Growing variety and quality of resolution is expected to spur the market growth during the forecast period.
- Growing technological advancements in satellite imagery is expected to spur the market growth during the forecast period.
- Increasing demand for data analytics to provide accurate insights of the earth observation in various industries is anticipated to drive the market growth during the forecast period.
- The presence of open data such as EOSDIS from the US, Copernicus from Europe are estimated to restrict the market growth.
- Rising frequency of the launch of satellites every year and massive amount of data provided by them can create lucrative opportunities in the satellite-based earth observation industry.
Scope of Satellite-based Earth Observation Market Report
The report on the global satellite-based earth observation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Satellite-based Earth Observation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Data and VAS) and End-users (Defense and Intelligence, Infrastructure and Engineering, Agriculture, Energy and Power, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Airbus Defense and Space; MDA Corp.; UrtheCast Corp.; Harris Corporation; Planet Labs Inc. |
Satellite-based Earth Observation Market Segment Insights
Applications Segment Analysis
Based on applications, the market is divided into data and VAS. The data segment is anticipated to hold a key share of the market in the coming years due to the requirement for high frequency and timelines of satellite imaging. Moreover, cost-efficient monitoring of large areas and on-demand detailed resolution are spurring the segment growth.
However, the VAS segment is anticipated to expand at a rapid pace during the forecast period, as it provides wider bandwidth based on SCPC or MCPC allocation types.
End-Users Segment Analysis
On the basis of end-users, the satellite-based earth observation market is segmented into defense and intelligence, infrastructure and engineering, agriculture, energy and power and others.
The defense and intelligence segment is projected to constitute a major market share during the forecast period, as it provides early warning and intelligence particularly electronic and signal intelligence.
On the other hand, the agriculture segment is anticipated to expand at a rapid pace during the forecast period. This technology confers key data for monitoring soil, snow cover, drought, and crop development.
Regional Analysis
On the basis of regions, the satellite-based earth observation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America is expected to constitute a significant share of the market during the projected period owing to the increasing number of ongoing research studies and investments in the market.
However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period. The growth of the market in region is attributed to increasing demand for satellite-based earth observation solutions in countries such as India and China.
Segments
The global satellite-based earth observation market has been segmented on the basis of
Applications
- Data
- VAS
End-users
- Defense and Intelligence
- Infrastructure and Engineering
- Agriculture
- Energy and Power
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Airbus Defense and Space
- MDA Corp.
- UrtheCast Corp.
- Harris Corporation
- Planet Labs Inc.
Competitive Landscape
Key players competing in the global satellite-based earth observation market include Airbus Defense and Space; MDA Corp.; UrtheCast Corp.; Harris Corporation; Planet Labs Inc.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Satellite-based Earth Observation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Satellite-based Earth Observation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Satellite-based Earth Observation Market - Supply Chain
4.5. Global Satellite-based Earth Observation Market Forecast
4.5.1. Satellite-based Earth Observation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Satellite-based Earth Observation Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Satellite-based Earth Observation Market Absolute $ Opportunity
5. Global Satellite-based Earth Observation Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Satellite-based Earth Observation Market Size and Volume Forecast by Applications
5.3.1. Data VAS
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Satellite-based Earth Observation Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Satellite-based Earth Observation Market Size and Volume Forecast by End Users
6.3.1. Defense and Intelligence Infrastructure and Engineering Agriculture Energy and Power Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Satellite-based Earth Observation Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Satellite-based Earth Observation Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Satellite-based Earth Observation Demand Share Forecast, 2019-2026
8. North America Satellite-based Earth Observation Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Satellite-based Earth Observation Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Satellite-based Earth Observation Market Size and Volume Forecast by Applications
8.4.1. Data VAS
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Satellite-based Earth Observation Market Size and Volume Forecast by End Users
8.7.1. Defense and Intelligence Infrastructure and Engineering Agriculture Energy and Power Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Satellite-based Earth Observation Demand Share Forecast, 2019-2026
9. Latin America Satellite-based Earth Observation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Satellite-based Earth Observation Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Satellite-based Earth Observation Market Size and Volume Forecast by Applications
9.4.1. Data VAS
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Satellite-based Earth Observation Market Size and Volume Forecast by End Users
9.7.1. Defense and Intelligence Infrastructure and Engineering Agriculture Energy and Power Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Satellite-based Earth Observation Demand Share Forecast, 2019-2026
10. Europe Satellite-based Earth Observation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Satellite-based Earth Observation Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Satellite-based Earth Observation Market Size and Volume Forecast by Applications
10.4.1. Data VAS
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Satellite-based Earth Observation Market Size and Volume Forecast by End Users
10.7.1. Defense and Intelligence Infrastructure and Engineering Agriculture Energy and Power Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Satellite-based Earth Observation Demand Share Forecast, 2019-2026
11. Asia Pacific Satellite-based Earth Observation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Satellite-based Earth Observation Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Satellite-based Earth Observation Market Size and Volume Forecast by Applications
11.4.1. Data VAS
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Satellite-based Earth Observation Market Size and Volume Forecast by End Users
11.7.1. Defense and Intelligence Infrastructure and Engineering Agriculture Energy and Power Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Satellite-based Earth Observation Demand Share Forecast, 2019-2026
12. Middle East & Africa Satellite-based Earth Observation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Satellite-based Earth Observation Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Satellite-based Earth Observation Market Size and Volume Forecast by Applications
12.4.1. Data VAS
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Satellite-based Earth Observation Market Size and Volume Forecast by End Users
12.7.1. Defense and Intelligence Infrastructure and Engineering Agriculture Energy and Power Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Satellite-based Earth Observation Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Satellite-based Earth Observation Market: Market Share Analysis
13.2. Satellite-based Earth Observation Distributors and Customers
13.3. Satellite-based Earth Observation Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Airbus Defense and Space MDA Corp. UrtheCast Corp. Harris Corporation Planet Labs Inc.
Methodology
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