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NEW YORK, Oct. 10, 2022 /PRNewswire/ — The “Satellite-based Earth Observation Market by Application, Type, and Geography – Forecast and Analysis 2022-2026″ has been added to Technavio’s offerings. The market size is expected to grow by USD 1.32 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.49% during the forecast period.
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Key Vendor Analysis
Airbus SE, Antrix Corp Ltd., BAE Systems Plc, Eagle View Technologies Inc., EarthDaily Analytics, Geoimage, GeoOptics Inc., Global Surface Intelligence Ltd, ImageSat International, Kleos Space SA, L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB System AG, Orbital Insight Inc, Orbital Micro Systems, Planet Labs Inc., PlanetiQ, Raytheon Technologies Corp., Satellogic SA, Thales Group, among others, are the main players in the market. The key offerings of some of these vendors are listed below:
- Airbus SE – The company offers satellite-based earth observation, which includes OPAZ, The Electro-Optical sensor that delivers imagery and video in real-time and provides 18cm resolution, while the Infra-Red allows for night and day operations.
- Antrix Corp Ltd. – The company offers satellite-based earth observation that includes Resourcesat, Cartosat, Oceansat, and Risat series of satellites.
- Geoimage – The company offers satellite-based earth observation, which includes atlasTSF, Surface Movement Monitoring, Digital Elevation Models, Geophysical Interpretation, Monitoring and Compliance, Image Processing, and Data Analytics.
- ImageSat International – The company offers satellite-based earth observation that includes Global Eye, which provides unique sensor technology, unprecedented revisit and area coverage, extended platform agility and duty cycle, and advanced on-board processing capabilities.
- L3Harris Technologies Inc. – The company offers satellite-based earth observation, which provides Realistic Visualizations for Planning and Analysis, Vector Data, Cloud Patching, and Multi-resolution Blended Imagery.
Market Driver
The use of satellites for advanced environment monitoring is driving the satellite-based earth observation (EO) market growth. Advances in imaging and sensing technologies in the past decade have resulted in the development of advanced observation satellites for environmental monitoring. These satellites allow higher resolution images and measurement of a large number of metrics. Such advances may challenge the market growth in the forecast period.
Satellite-based Earth Observation Market Application Outlook (Revenue, USD bn, 2021-2026)
- Defense – size and forecast 2021-2026
- Weather – size and forecast 2021-2026
- LBS – size and forecast 2021-2026
- Energy – size and forecast 2021-2026
- Other applications – size and forecast 2021-2026
Satellite-based Earth Observation Market Type Outlook (Revenue, USD bn, 2021-2026)
- VAS – size and forecast 2021-2026
- Data – size and forecast 2021-2026
Satellite-based Earth Observation Market Geography Outlook (Revenue, USD bn, 2021-2026)
- North America – size and forecast 2021-2026
- APAC – size and forecast 2021-2026
- Europe – size and forecast 2021-2026
- South America – size and forecast 2021-2026
- Middle East and Africa – size and forecast 2021-2026
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Revenue-generating Application Segment
The defense segment will be the largest contributor to market growth during the forecast period. The increasing investments in satellite technologies for regional security, surveillance, and spy intelligence by emerging countries such as China, Indiaand Russia are driving the growth of this segment. For instance, in May 2019the Indian Space Research Organization (ISRO) launched a new EO satellite, RISAT-2B (Radar Imaging Satellite-2B). Agriculture and forestry surveillance and support for disaster management are some of the applications of this segment. Such factors are expected to drive the growth of the defense segment during the forecast period.
Related Reports
Electric Propulsion Satellite Market by Type and Geography – Forecast and Analysis 2022-2026: The electric propulsion satellite market share is expected to increase by USD 15.71 billion from 2021 to 2026.
Satellite-based Earth Observation Market in Europe by Type, Application, and Geography – Forecast and Analysis 2022-2026: The satellite-based earth observation market share in Europe is expected to increase by USD 308.60 million from 2021 to 2026.
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Satellite-based Earth Observation Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.49% |
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Market growth 2022-2026 |
USD 1.32 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
6.45 |
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Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 42% |
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Key consumer countries |
US, Canada, China, Russia, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Key companies profiled |
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Full story available on Benzinga.com
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