Global Satellite-Based Earth Observation

Global Satellite-Based Earth Observation Market Research Report: Forecast (2021-2026)

By Application (Data, VAS)By End-User Vertical (Defense & Intelligence, Infrastructure & Engineering, Agriculture, Energy & Power, Weather, Others), By Region (North America, Latin America, Europe, As Read more

  • Aerospace & Defense
  • May 2021
  • 210
  • AD22009

Market Overview

Satellite-based earth observation is a process of using a remote-sensing technique with the help of data taken from satellites orbiting around the planet. It has several applications like covering urban planning, rural development, forestry, mineral prospecting, and disaster management.

According to the MarkNtel Advisors' research report, "Global Satellite-Based Earth Observation Market Analysis, 2021," the market is likely to grow at a CAGR of around 9% during 2021-26. The satellite-based earth observation is for gathering information regarding physical, chemical, and biological aspects of the earth system. The information obtained helps predict & monitor climate patterns, tsunamis, and other natural disasters. It is also beneficial in the agricultural sector, and to detect & assess petroleum & mineral deposits. 

Further, technological advancements in satellite imagery is one of the crucial factor driving the market growth. This technological improvement helps in enhancing the quality of satellite-based earth observation images.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 9%
Regions Covered North America: USA, Canada
Europe: Germany, The UK, France, Germany
Asia-Pacific: China, India, Japan
South America: Brazil, Mexico
Middle East & Africa:  Saudi Arabia, South Africa and Others
Key Companies Profiled Airbus Defense and Space, Satcom Technologies, GeoOptics Inc., ImageSat International NV, MDA Corp., Planet Labs Inc., PlanetIQ LLC, UrtheCast Corp., Harris Corporation, Maxar Technologies
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The lockdown imposed by the government in the wake of the spread of the COVID-19 pandemic has negatively affected the global Satellite-based earth observation market. It hampered the production of new satellites across the world. Further, research & development activities and business development possibilities for satellite-based earth observation have also been adversely affected owing to the declared lockdown and movement restrictions.

Global Satellite-Based Earth Observation Market Research Report: Forecast (2021-2026)

Market Segmentation

Data Segment Accounted for the Largest Market Share

Based on the Application, the market segments into Data and VAS. In 2019, the Data segment acquired the largest share in the Global Satellite-Based Earth Observation Market due to the high demand for data to address the issues related to global population challenges, climatic disasters, and sudden climatic changes.

Further, the surging requirement of data analytics to offer accurate insights regarding earth observation across various sectors has significantly driven the demand for the market, says MarkNtel Advisors in their research report, "Global Satellite-Based Earth Observation Market Analysis, 2021."

Defense & Intelligence Dominated the Market

The Global Satellite-Based Earth Observation Market based on End-User vertical bifurcates into Defense & Intelligence, Infrastructure & Engineering, Agriculture, Energy & Power, and Weather. Among these, the Defense and Intelligence sector is likely to hold a significant share in the market revenue by 2026 owing to the extensive utilization of satellite data by governments across the world for defense and intelligence applications, including land surveillance activities, monitoring of airfields, critical infrastructure protection, and crime mapping.

Regional Landscape

North America Acquired the Largest Market Share

Geographically, North America held the largest share in the Global Satellite-Based Earth Observation Market in 2019 and is likely to grow at the highest CAGR over the forecast period. The growth attributes to the snowballing investments in the market and the growing number of research activities in the region. The United States is one of the prominent players in the aerospace industry, thereby facilitating the growth of the Satellite-Based Earth Observation Market in North America. Additionally, the presence of well-developed infrastructure to support all space-related programs proliferates the satellite-Based Earth Observation Market growth in the region.

Market Driver

Technological Advancement in Satellite Imagery is Boosting the Market Growth

The surging technological improvisations have resulted in raising the demand for satellite data by different end-user verticals. Satellite-based earth observation satellites are integrated with advanced remote sensing technology and high precision cameras, leading to the enhanced quality of satellite-based earth observation images. This high-quality data and image aid the demand for satellite-based earth observation for several applications, thereby fueling the market growth.

Competitive Landscape

According to MarkNtel Advisors, the major industrial players in the global Satellite-Based Earth Observation market are Airbus Defense and Space, Satcom Technologies, GeoOptics Inc., ImageSat International NV, MDA Corp., Planet Labs Inc., PlanetIQ LLC, UrtheCast Corp., Harris Corporation, and Maxar Technologies.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Satellite-Based Earth Observation Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Satellite-Based Earth Observation Market? 
  4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in the Global Satellite-Based Earth Observation Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Satellite-Based Earth Observation Market study?  

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Satellite-Based Earth Observation Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Application
      • Data
      • VAS
    • By End-User Vertical
      • Defense & Intelligence
      • Infrastructure & Engineering
      • Agriculture
      • Energy & Power
      • Weather
      • Others
    • By Region
      • North America
      • Latin America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Satellite-Based Earth Observation Market Hotspots & Opportunities
  • Global Satellite-Based Earth Observation Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The market size/industry size or the market value is in terms of USD Million.

A. The Global Satellite-Based Earth Observation Market is forecast to grow at a CAGR of 9% during 2021-26.

A. Airbus Defense and Space, Satcom Technologies, GeoOptics Inc., ImageSat International NV, MDA Corp., Planet Labs Inc., PlanetIQ LLC, UrtheCast Corp., Harris Corporation, Maxar Technologies are a few of the leading players in the Global Satellite-Based Earth Observation Market.

A. North America continues to grow at the highest CAGR during 2021-26, thereby offering immense opportunities for market leaders of the Global Satellite-Based Earth Observation Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Satellite-Based Earth Observation Market
  5. Global Satellite-Based Earth Observation Market Trends & Insights
  6. Global Satellite-Based Earth Observation Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Satellite-Based Earth Observation Market Hotspots & Opportunities
  8. Global Satellite-Based Earth Observation Market Value Chain Analysis
  9. Global Satellite-Based Earth Observation Market Regulations & Policy
  10. Global Satellite-Based Earth Observation Market Outlook, 2016- 2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
        1. Data
        2. VAS
      2. By End-User
        1. Defense & Intelligence
        2. Infrastructure & Engineering
        3. Agriculture
        4. Energy & Power
        5. Weather
        6. Others
      3. By Region
        1. North America
        2. Latin America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      4. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  11. North America Satellite-Based Earth Observation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By End-User Vertical
      3. By Country
        1. The US
        2. Canada
    3. The US Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    4. Canada Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
  12. Latin America Satellite-Based Earth Observation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By End-User Vertical
      3. By Country
        1. Brazil
        2. Mexico
        3. Others
    3. Brazil Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    4. Mexico Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
  13. Europe Satellite-Based Earth Observation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By End-User Vertical
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Others
    3. Germany Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    4. The UK Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    5. France Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
  14. Middle East & Africa Satellite-Based Earth Observation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By End-User Vertical
      3. By Country
        1. Saudi Arabia
        2. South Africa
        3. Others
    3. Saudi Arabia Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    4. South Africa Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
  15. Asia Pacific Satellite-Based Earth Observation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By End-User Vertical
      3. By Country
        1. India
        2. China
        3. Japan
        4. Others
    3. India Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    4. Japan Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
    5. China Satellite-Based Earth Observation Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By End-User Vertical
  16. Key Strategic Imperatives for Success and Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Airbus Defense and Space
      2. Satcom Technologies
      3. GeoOptics Inc.
      4. ImageSat International NV
      5. MDA Corp.
      6. Planet Labs Inc.
      7. PlanetIQ LLC
      8. UrtheCast Corp.
      9. Harris Corporation
      10. Maxar Technologies
  18. Disclaimer
Global Satellite-Based Earth Observation Market Segmentation