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 report, size, share, trends, 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.
Satellite-based Earth observation involves the use of orbiting satellites equipped with a variety of sensors and imaging instruments to gather data and photograph the Earth's surface and atmosphere. This technology facilitates the systematic observation and study of our planet from space, delivering essential insights into Earth's environment, weather conditions, climate change, natural calamities, urban growth, agriculture, and other critical aspects. Continuously collecting data and images, satellite-based Earth observation plays a vital role in scientific research, environmental management, disaster response, and resource planning.
Global Satellite-Based Earth Observation Market Trends and Drivers:
The global market is experiencing significant growth, primarily driven by the increasing utilization of satellite-based Earth observation in environmental monitoring and conservation efforts. This technology is being employed to track deforestation, monitor wildlife habitats, and evaluate the impact of climate change, contributing to its market expansion. Furthermore, the market is benefiting from the growing adoption of satellite-based Earth observation for disaster management and response. This aids authorities in assessing the extent of natural disasters like floods, wildfires, and earthquakes, enabling more efficient emergency responses. Additionally, the market is positively influenced by the expanding use of satellite-based Earth observation in the maritime sector. This usage extends to vessel tracking, enhancing maritime safety, ensuring environmental compliance, and facilitating the monitoring of shipping routes. Moreover, it plays a crucial role in detecting illegal fishing activities and responding 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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