The Satellite-Based Earth Observation Market is being driven by Use of satellites for advanced environment monitoring
The Satellite-Based Earth Observation Market is expected to grow at a CAGR of 12% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9655.5 million. The small satellite market has experienced a notable upsurge in recent years, with the number of SmallSats or CubeSats launched into orbit increasing substantially. Ranging from the size of a shoebox to a washing machine and weighing as little as 10 kilograms, these cost-effective and low-capital investment satellites are gaining significant traction. Their small size makes them particularly attractive for applications in scientific research and Earth observation, where the ability to deploy large constellations is a key advantage.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
210 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12% |
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Market growth 2025-2029 |
USD 9655.5 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
10.4 |
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Key countries |
US, Russia, China, Japan, UK, South Korea, Canada, Germany, Brazil, and Saudi Arabia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Satellite-based Earth Observation (EO) market is a dynamic and growing industry that caters to various sectors, including homeland security and infrastructure security. Government agencies use satellite imagery for border mapping, urban planning, and defense and intelligence missions. Telecommunication services, private spaceflight industry, and commercial space activities contribute to the space economy. High-altitude balloons and drones are emerging technologies in EO, offering cost-effective solutions for real estate, transportation, agriculture & forestry, and disaster management. Reusable rockets and additive manufacturing are revolutionizing the industry, making space access more affordable and efficient. High-resolution imagery is essential for civil engineering & construction projects, while big data technology provides valuable insights for military missions and defense sector applications. Overall, the Satellite-based EO market offers a wealth of opportunities for innovation and growth in various industries.
The satellite-based Earth observation market is a significant segment of the global aerospace and defense industry, falling under the umbrella of the capital goods market. This market comprises organizations involved in the production and provision of space platforms, equipment, and launch vehicles for Earth observation purposes. The aerospace and defense market encompasses various sectors, including commercial and general aviation, defense sectors (naval, land, and air), arms and ammunition, defense electronics, defense logistics equipment, and space platforms. Additionally, the market includes maintenance, overhaul, and repair (MRO) activities related to these industries. The global capital goods market size is determined by the collective revenue generated by manufacturers and providers in industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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