PUBLISHER: Allied Market Research | PRODUCT CODE: 1179552
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179552
Global Satellite-based Earth Observation is carried out with the aid of satellites orbiting around the earth to view, observe, and identify environmental change, map making, and others. Satellite-based earth observation process utilizes remote sensing technique in order to collect information on chemical, physical, and biological aspects of earth. The information collected through remote sensing is used for several applications such as weather & terrain mapping, reconnaissance & intelligence missions, agricultural monitoring & management, synthetic aperture radar imagery, and others. In addition, collected information is used by the defense sector for border monitoring, disaster management, and other military missions.
Earth observation data plays an important role in decision making in several areas such as biodiversity & ecosystem sustainability, water-resource management, sustainable agriculture, public health surveillance and disaster resilience. It used for global agriculture management, improving food security, maritime surveillance, and monitoring climate change. In addition, space agencies are awarding extension contracts to key players in the satellite-based earth observation industry to provide earth observation data, which fuels the growth of the segment. For instance, in June 2022, NASA awarded a $6 million, 12-month contract extension to Spire Global, Inc., a leading global provider of space-based data, to deliver earth observation data. Under this contract, Spire will continue to deliver a comprehensive catalog of earth observation data, associated metadata, and ancillary information from its constellation of more than 100 multipurpose satellites. The earth observation data will include surface data, atmospheric data, and space weather data.
The growth of the global satellite-based earth observation market has propelled due to surge in demand for big data technology to generate accurate insights on EO data, advancements in earth observation satellite technologies, and high-demand for high-resolution imaging services. However, rise in utilization of alternative earth observation technologies and lack of skilled & trained personnel are the factors that hamper the growth of the market. Furthermore, growth in investments by several governments in space technology is the factor expected to offer growth opportunities during the forecast period.
The satellite-based earth observation market is segmented on the basis of product type, satellite orbit, end-use, and region. By product type, it is segmented into EO data, and value-added services. By satellite orbit, it is classified into LEO, MEO, and GEO. By end-use, it is categorized into defense, urban development & cultural heritage, agriculture, climate services, energy & raw materials, infrastructure, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Product Type
By Satellite Orbit
By End-use
By Region