Global Earth Observation Satellite Market Insights, Forecast to 2028

Earth observation satellite is designed for non-military uses, such as monitoring and predicting climatic patterns, assessing damage during natural disasters, estimation of crop yields, surface geology mapping, and mineral deposits, and availability of water sources. It works at an altitude of 800 Km using remote-sensing techniques to collect data on the chemical, physical, and biological aspects of the earth system. This method permits the measurement of geology parameters of the world from the orbit with the use of high-resolution cameras and advanced sensors. It conjointly facilitates the management of earth’s natural resources in a resourceful manner.
Market Analysis and Insights: Global Earth Observation Satellite Market
The global Earth Observation Satellite market size is projected to reach US$ 6304.9 million by 2028, from US$ 4432.6 million in 2021, at a CAGR of 5.1% during 2022-2028.
The satellite-based earth observation sector is witnessing a rapid growth during the forecast period. However, there are some shortcomings in operating performance of the earth observation satellite, such as high initial investment cost, coordination among different databases, reusability, customization, and isolation of various satellites from one another.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Earth Observation Satellite market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Earth Observation Satellite market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Earth Observation Satellite market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Earth Observation Satellite market.
Global Earth Observation Satellite Scope and Market Size
Earth Observation Satellite market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Earth Observation Satellite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Altitudes 500-600 kilometers
Altitudes above 600 kilometers
Segment by Application
Infrastructure
Environment Monitoring
Energy
Natural Resources Monitoring
Maritime
Disaster Management
Others
By Company
OHB SE
Boeing Defense Space & Security
JSC Information Satellite Systems
Lockheed Martin
Northrop Grumman
Space Systems/Loral
Thales Alenia Space
Space Exploration Technologies
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA