Global Earth Observation Satellite Market, By Payload Type (SATCOM, EO/IR, Communication, Imaging, Navigation), Altitude (Below 500-600 km, Above 600 km), Technology (Optical, Synthetic Aperture Radar), Applications (Infrastructure, Environment Monitoring, Energy, Natural Resources Monitoring, Maritime, Disaster Management, Others), End-user Vertical (Defense and Intelligence, Infrastructure and Engineering, Agriculture, Energy and Power), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Earth Observation Satellite Market
The earth observation satellite market is expected to witness lucrative growth within the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.8% in the above-mentioned forecast period.
Earth observation satellite is basically designed to monitor and estimate the climatic patterns, surface geology mapping, prediction of crop yields, mineral deposits, assessing damage during natural disasters, availability of water sources and to gather information related to the geological aspect of the earth. It works using remote-sensing techniques to collect data on the chemical, physical, and biological aspects of the earth system.
The factors such as proliferation in earth observation satellite constellations, growth in adoption of earth observation satellite in several end-use sectors and integration in digital data analysis and geo-spatial data fusion has resulted in growth in the market value. Surge in the government participation in the development of earth observation fleet for various purposes including earth science, remote sensing and meteorology, ongoing advancement in sensor and instrumentation technologies and the recognition of the its huge potential by commercial operators and service providers to provide information and images is also estimated to cushion the growth of the market. However, the shortcomings in operating performance of the earth observation satellite, such as high initial investment cost, coordination among different reusability, databases, customization and isolation of various satellites from one another and other Interoperability Issues will hamper the market growth rate.
Also, integration of precise positioning and geographical information and the potential of these satellites cater to wider applications generate new opportunities for the market. The lack of standardization in the regulations and regional policies for earth observation satellites will further restrict the scope of growth for the market.
This earth observation satellite market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on earth observation satellite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Earth Observation Satellite Market Scope and Market Size
The earth observation satellite market is segmented on the basis of payload type, altitude, technology, applications and end-user vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of payload type, the earth observation satellite market has been segmented into SATCOM, EO/IR, communication, imaging and navigation.
- On the basis of altitude, the market is segmented into below 500-600 km and above 600 km.
- On the basis of technology, the earth observation satellite market is segmented into optical and synthetic aperture radar.
- On the basis of applications, the market has been segmented into infrastructure, environment monitoring, energy, natural resources monitoring, maritime, disaster management and others.
- On the basis of end-user vertical, the earth observation satellite market has been segmented into defense and intelligence, infrastructure and engineering, agriculture and energy and power.
Earth Observation Satellite Market Country Level Analysis
The global earth observation satellite market is analyzed and market size insights and trends are provided by payload type, altitude, technology, applications and end-user vertical as referenced above.
The countries covered in the earth observation satellite market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the earth observation satellite market and will continue to flourish its trend of dominance during the forecast period owing to the maximum number of earth observation satellites, data and services developed in the region. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate because of the constant efforts for the development of satellite technologies to strengthen and improve national security and to transform the national economy within this region.
The country section of the earth observation satellite market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Earth Observation Satellite Market Share Analysis
The earth observation satellite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to earth observation satellite market.
The major players covered in the earth observation satellite market report are Airbus SAS, Ball Corporation, DigitalGlobe, L3Harris Technologies, Inc., Lockheed Martin Corporation, OHB System AG, Thales Group, Boeing, BAE Systems, BlackSky, Planet Labs Inc., Satellogic, Skylab Analytics, Spire Global, Surrey Satellite Technology Ltd, Orbital Insight, ImageSat International, ICEYE, Capella Space, Descartes Labs Inc., R S Metrics Asia Holdings (Pvt) Ltd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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