The Satellite-Based Earth Observation Global Market Report 2023, provides comprehensive information on the satellite-based earth observation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In the dynamic landscape of satellite-based earth observation, the market is poised for significant growth, projecting an upward trajectory from $5.63 billion in 2022 to an estimated $6.14 billion in 2023, showcasing a robust compound annual growth rate (CAGR) of 9.1%. This expansion, however, occurs against the backdrop of global challenges, notably the Russia-Ukraine conflict, which has disrupted the world’s economic recovery from the lingering effects of the COVID-19 pandemic.
The reverberations of this geopolitical strife are manifested in economic sanctions, escalating commodity prices, and disruptions in global supply chains, consequently leading to inflationary pressures across various sectors. The resultant ripple effect extends to financial markets worldwide, contributing to increased interest rates. Despite these challenges, the satellite-based earth observation market is anticipated to exhibit resilience, foreseeing a further surge to $8.33 billion by 2027, sustained by a commendable CAGR of 7.9%.
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A pivotal trend shaping this landscape is the relentless pursuit of technological advancements. Leading entities within the satellite-based earth observation market are strategically investing in cutting-edge solutions to fortify their market presence. Illustratively, the Indian Space Research Organization (ISRO), a preeminent national space agency based in India, achieved a milestone in November 2022 with the successful launch of the Earth Observation Satellite-6 (EOS-6). This marks the third generation of Indian satellites dedicated to monitoring our planet, boasting three innovative ocean observation sensors: the Ku-Band scatterometer (SCAT-3), the Sea Surface Temperature Monitor (SSTM), and the Ocean Color Monitor (OCM-3).
Distinguished by its advanced 13-channel OCM with a remarkable 1400 km swath and 360 m spatial resolution, the EOS-6 promises continuous monitoring of Earth’s surface. Notably, this sensor offers invaluable insights into the distribution of ocean algae, a foundational element in the marine food chain. The high signal-to-noise ratio of the OCM-3 augurs well for heightened accuracy in daily phytoplankton monitoring, unlocking diverse applications in operational and research realms. These applications span from fishery resource management and ocean carbon uptake to the timely notification of dangerous algal blooms and comprehensive climate studies. The advent of such advanced technology underscores the pivotal role of satellite-based earth observation in shaping our understanding of the intricate dynamics of the planet’s ecosystems.
The satellite-based earth observation market is segmented:
1) By Product Type: Earth Observation (EO) Data, Value Added Services
2) By Satellite Orbit: Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit
3) By Technology: Optical, Synthetic Aperture Radar
4) By Payload Type: Satellite Communications (SATCOM), Electro-Optical Or Infra-Red (EO Or IR), Communication, Imaging, Navigation
5) By End-User: Defense And Intelligence, Infrastructure And Engineering, Agriculture, Energy And Power, Other End-Users
Top 5 Major Players:
North America was the largest region in the satellite-based earth observation market in 2022.
Table of contents :
1. Executive Summary
2. Satellite-Based Earth Observation Market Characteristics
3. Satellite-Based Earth Observation Market Trends And Strategies
4. Satellite-Based Earth Observation Market – Macro Economic Scenario
5. Global Satellite-Based Earth Observation Market Size and Growth
…..
32. Global Satellite-Based Earth Observation Market Competitive Benchmarking
33. Global Satellite-Based Earth Observation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Satellite-Based Earth Observation Market
35. Satellite-Based Earth Observation Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Satellite-Based Earth Observation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Satellite-Based Earth Observation Market, Segmentation By Satellite Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Satellite-Based Earth Observation Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 76: Raytheon Technologies Corporation Financial Performance
Table 77: Lockheed Martin Corp. Financial Performance
Table 78: Airbus SE Financial Performance
Table 79: BAE Systems Plc Financial Performance
Table 80: Thales Group Financial Performance
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