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Dublin, Feb. 28, 2022 (GLOBE NEWSWIRE) — The “Satellite Earth Observation Market – A Global and Regional Analysis: Focus on End User, Application, Services, Manufacturing, Technology, Altitude, and Country – Analysis and Forecast, 2022-2032” report has been added to ResearchAndMarkets.com’s offering.
The global satellite Earth observation data and value-added services market is expected to reach $15,903 million by 2032, with a CAGR of 6.92% during the forecast period 2022-2032. The Earth observation data and service market has been witnessing a high growth rate owing to significant demand for applications such as disaster management, agriculture, cartography, and natural resources survey.
Market Report Coverage
Market Segmentation
- Services: Earth Observation (EO) Data and Value-Added Services
- Technology: Synthetic Aperture Radar (SAR), Optical, and Others
- Altitude: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geosynchronous Earth Orbit (GEO)
- Application: Data Acquisition and Mapping, Sustainable Development and Environment Management, Disaster Management, Surveillance and Security, Location-Based Service, and Others
- End User: Government and Defense, Archaeology and Civil Infrastructure, Energy and Natural Resources, Agriculture, Forestry, Maritime and Fishery, and Others
Regional Segmentation
- North America – US and Canada
- Europe – Germany, UK, France, Russia, and Rest-of-Europe
- Asia-Pacific – Japan, China, South Korea, India, and Rest-of-Asia-Pacific
- Rest-of-the-World – Middle East and Africa, Latin America
Market Growth Drivers
- Growing Demand for Big Data to Generate Accurate Insights on Earth Observation Data
- Rising Investment Activities for Developing Cost-Efficient Earth Observation Satellites and Instruments
Market Challenges
- Unfavourable Government Regulations Worldwide for Earth Observation Satellites
- Difficulty in Integration of Data Analytics Tools with Enterprise Solution
Market Opportunities
- Growing Demand for Geospatial Analytical Services in Vertical Market
- Increasing Demand for Earth Observation Satellite among Developing Nations
How This Report Can Add Value?
This report will help with the following objectives:
- A dedicated section focusing on the futuristic trends adopted by the key players operating in the global satellite Earth observation market.
- Extensive competitive benchmarking of top 20 players (including OEMs and service providers) offering a holistic view of the global satellite Earth observation landscape.
- Imagery pricing analysis has also been covered in this report.
- Qualitative and quantitative analysis of satellite Earth observations at the region and country-level granularity by application and product segments.
Product/Innovation Strategy: The product segment helps the reader in understanding the…
Full story available on Benzinga.com
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