What is Satellite Based Earth Observation Market Scope?
Satellite-Based Earth Observation is a device that is used to observe from orbit, including spy satellites and similar ones projected for non-military uses such as; meteorology, environmental monitoring, cartography, and others. The most commonly used type is earth-imaging satellites, which take analogous to aerial photographs and satellite images; some EO satellites may perform remote sensing without forming pictures, such as in GNSS radio occultation. Satellite earth observation systems are playing a progressively important role in the global economy. They provide unique capabilities in close association with ground-based sensors to generate the data and information needed to manage and monitor natural resources, land-use and to better understand and cope with major societal issues.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Airbus Defense and Space (Germany), Satcom Technologies Private Limited (India), GeoOptics Inc. (United States), MDA Corp. (Canada), Planet Labs Inc. (United States), PlanetIQ LLC (United States), UrtheCast Corp. (Canada), Harris Corporation (United States), Deimos Imaging (Spain), DigitalGlobe (United States), DMC International Imaging (United Kingdom) and Alén Spac (Spain) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Satellite Based Earth Observation market study is being classified, by Application (Weather Forecasting, Remote Sensing, Geo-Positioning, Navigation and Others) and major geographies with country level break-up. According to AMA, the Global Satellite Based Earth Observation market is expected to see growth rate of 8.2% and may see market size of USD5.5 Billion by 2027.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Satellite Based Earth Observation market throughout the predicted period.
Airbus Defense and Space (Germany), Satcom Technologies Private Limited (India), GeoOptics Inc. (United States), MDA Corp. (Canada), Planet Labs Inc. (United States), PlanetIQ LLC (United States), UrtheCast Corp. (Canada), Harris Corporation (United States), Deimos Imaging (Spain), DigitalGlobe (United States), DMC International Imaging (United Kingdom) and Alén Spac (Spain) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Satellite Based Earth Observation market by Type, Application and Region.
On the basis of geography, the market of Satellite Based Earth Observation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021.
Market Influencers and their development strategies
On 2nd Oct 2020 - Geosys and Tokio marine expand partnership to improve agricultural insurance offer in Brazil
On 21st April, 2020 - The European Space Agency (ESA) and Deimos Imaging (DMI) have signed an agreement to support EarthNet. With this agreement, ESA offers scientists and researchers access to Deimos Imaging data (Deimos-1 and Deimos-2) to support ESA Third Party Missions.
Influencing Market Trend
- Technological Improvements in Image Capturing Techniques by Satellites
Market Drivers
- Increasing demand for Earth Observation (EO) data by the commercial sector
- Low-Cost Access to Earth Imagery
Opportunities
- Remote Sensing Data Are Increasing
- Increased Government Spending On Space Programs
Restraints
- Availability of Alternative Earth Observation Technologies
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.