Global Satellite-Based Earth Observation Market Report and Forecast 2024-2032 (2024)

According to this report, the global satellite-based earth observation market size reached a value of USD 4.15 billion in 2023. Aided by the increasing demands for enhanced imaging capabilities across various sectors including environmental monitoring, infrastructure development, defence, and agricultural management, the market is projected to further grow at a CAGR of 4.50% between 2024 and 2032 to reach a value of USD 6.12 billion by 2032.

Satellite-based earth observation involves the collection and analysis of information about Earth’s physical, chemical, and biological systems via remote sensing satellites equipped with sensor technologies. These systems play a crucial role in monitoring climate change, managing natural resources, supporting urban planning, and assisting in disaster response and recovery.

The primary drivers of the satellite-based earth observation market growth include the escalating need for resource optimisation, urban planning, and environmental conservation, alongside the technological advancements in satellite imagery and analytics. The increasing incidence of natural disasters and the critical need for timely and effective response mechanisms also significantly fuel market growth.

The satellite-based earth observation market expansion is facilitated by technological advancements in satellite imaging technologies, increased government and private investment in space research, and the growing application of data in predictive analytics and decision-making processes.

Recent years have seen significant advancements in the satellite-based earth observation sector, with a notable increase in the number and variety of satellites launched for environmental and resource monitoring purposes. Innovations in miniaturisation and cost reduction have led to the rise of small satellites, such as CubeSats, which are more cost-effective and quicker to develop and deploy.

As per the satellite-based earth observation market analysis, there is a growing demand for real-time earth observation data for applications such as disaster management and security. This is pushing the development of technologies and satellite constellations capable of providing near-real-time data transmission and processing.

Strategic partnerships and collaborations between governments and private companies are also shaping the satellite-based earth observation market. These partnerships often aim to share the hefty costs associated with space missions and leverage the technological expertise of private firms to enhance the capabilities and application range of observation platforms.

In addition, there is a growing trend towards the development of advanced analytics platforms that utilise AI and machine learning to process and analyse earth observation data more efficiently. These platforms enhance the ability to interpret vast amounts of data generated by satellites, leading to quicker and more accurate insights.

As per the satellite-based earth observation market outlook, the integration of big data analytics into earth observation signifies a major trend, as it allows for the handling of large datasets to be more manageable and insightful, supporting advanced predictive modelling. To share the financial burden and technical challenges, public-private partnerships are expected to increase, particularly in regions looking to expand their space capabilities without bearing the full infrastructure costs.

With global focus sharpening on sustainability and climate change, the demand for monitoring and compliance via earth observation satellites is set to rise, particularly in monitoring emissions and environmental changes which can boost the satellite-based earth observation market share. Ongoing improvements in sensor technology will allow satellites to capture higher-resolution images and multispectral data, enhancing the quality and utility of the information gathered.

Hyperspectral imaging collects and processes information from across the electromagnetic spectrum. Each pixel in an image contains a continuous spectrum, which can be used to identify materials, detect processes, or find objects. The integration of this technology into satellite systems is enhancing the accuracy and applicability of observational data in fields like agriculture, mineralogy, and environmental monitoring.

Market Segmentation

The market can be divided based on product type, satellite orbit, end-use, and region.

Market Breakup by Product Type

  • EO Data
  • Value-Added Services

Market Breakup by Satellite Orbit

  • Low Earth Orbit
  • Medium Earth Orbit
  • Geostationary Orbit

Market Breakup by End-Use

  • Defence
  • Urban Development and Cultural Heritage
  • Agriculture
  • Climate Services
  • Energy and Raw Materials
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global satellite-based earth observation market. Some of the major players explored in the report are as follows:

  • Airbus SE
  • Northrop Grumman Corporation
  • RTX Corporation
  • BAE Systems plc
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Mitsubishi Electric Corp.
  • ImageSat International NV
  • GeoOptics Inc.
  • Maxar Technologies Inc.
  • Planet Labs PBC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope

3 Report Description

3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players

4 Key Assumptions

5 Executive Summary

5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends

6 Market Snapshot

6.1 Global
6.2 Regional

7 Opportunities and Challenges in the Market

8 Global Satellite-Based Earth Observation Market Analysis

8.1 Key Industry Highlights
8.2 Global Satellite-Based Earth Observation Historical Market (2018-2023)
8.3 Global Satellite-Based Earth Observation Market Forecast (2024-2032)
8.4 Global Satellite-Based Earth Observation Market by Product Type
8.4.1 EO Data
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Value-Added Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Satellite-Based Earth Observation Market by Satellite Orbit
8.5.1 Low Earth Orbit
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Medium Earth Orbit
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Geostationary Orbit
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Satellite-Based Earth Observation Market by End-Use
8.6.1 Defence
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Urban Development and Cultural Heritage
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Agriculture
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Climate Services
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Energy and Raw Materials
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Satellite-Based Earth Observation Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)

9 North America Satellite-Based Earth Observation Market Analysis

9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)

10 Europe Satellite-Based Earth Observation Market Analysis

10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others

11 Asia Pacific Satellite-Based Earth Observation Market Analysis

11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others

12 Latin America Satellite-Based Earth Observation Market Analysis

12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others

13 Middle East and Africa Satellite-Based Earth Observation Market Analysis

13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others

14 Market Dynamics

14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price

15 Competitive Landscape

15.1 Market Structure
15.2 Company Profiles
15.2.1 Airbus SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Northrop Grumman Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 RTX Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BAE Systems plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 L3Harris Technologies Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Lockheed Martin Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Mitsubishi Electric Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 ImageSat International NV
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 GeoOptics Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Maxar Technologies Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Planet Labs PBC
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others

16 Key Trends and Developments in the Market

List of Key Figures and Tables

1. Global Satellite-Based Earth Observation Market: Key Industry Highlights, 2018 and 2032
2. Global Satellite-Based Earth Observation Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Satellite-Based Earth Observation Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Satellite-Based Earth Observation Historical Market: Breakup by Satellite Orbit (USD Billion), 2018-2023
5. Global Satellite-Based Earth Observation Market Forecast: Breakup by Satellite Orbit (USD Billion), 2024-2032
6. Global Satellite-Based Earth Observation Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7. Global Satellite-Based Earth Observation Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8. Global Satellite-Based Earth Observation Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Satellite-Based Earth Observation Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Satellite-Based Earth Observation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Satellite-Based Earth Observation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Satellite-Based Earth Observation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Satellite-Based Earth Observation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Satellite-Based Earth Observation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Satellite-Based Earth Observation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Satellite-Based Earth Observation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Satellite-Based Earth Observation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Satellite-Based Earth Observation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Satellite-Based Earth Observation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Satellite-Based Earth Observation Market Structure

Global Satellite-Based Earth Observation Market Report and Forecast 2024-2032 (2024)
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