Global Satellite-Based Earth Observation Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Satellite-Based Earth Observation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global satellite-based earth observation market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global satellite-based earth observation market size reached US$ 3.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Observing Earth from satellites in orbit involves using these spacecraft, equipped with an array of sensors and imaging tools, to gather data and photograph the Earth’s surface and atmosphere. This method allows for the consistent monitoring and examination of our planet from space, offering vital insights into Earth’s environment, weather, climate fluctuations, natural calamities, urban growth, agriculture, and beyond. Satellite-based earth observation plays a crucial role in scientific research, environmental stewardship, disaster response, and resource planning by consistently acquiring and analyzing data and imagery.
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Global Satellite-Based Earth Observation Market Trends and Drivers:
The global market for satellite-based earth observation is experiencing significant growth, driven by the increasing application of this technology in environmental monitoring and conservation. It plays a crucial role in tracking deforestation, monitoring wildlife habitats, and assessing the impacts of climate change. Furthermore, the market is thriving due to the escalating use of satellite-based earth observation in disaster management. This includes assessing the extent of natural disasters like floods, wildfires, and earthquakes, facilitating more efficient emergency responses by authorities. Additionally, the positive market influence extends to the maritime sector, where satellite-based earth observation is increasingly employed for vessel tracking, ensuring maritime safety, and enforcing environmental compliance. This application aids in monitoring shipping routes, detecting illegal fishing activities, and responding effectively to oil spills.
Global Satellite-Based Earth Observation Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Airbus SE, BAE Systems plc, GeoOptics Inc., ImageSat International N.V., L3Harris Technologies Inc., Lockheed Martin Corporation, Maxar Technologies Inc., Northrop Grumman Corporation, OHB System AG (OHB SE), Planet Labs PBC, Raytheon Technologies Corporation and Thales Group.
The report segmented the market on the basis of region, solution and end user.
Breakup by Solution:
- Data
- Value Added Services
Breakup by End User:
- Defense and Intelligence
- Infrastructure and Engineering
- Agriculture
- Energy and Power
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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