[Market Report] Global Market for Satellite-Based Earth Observation
Report ID: AA1023793
The global market for Earth observation using satellites is rapidly growing and is expected to reach 11.4 billion USD by 2031.
The global satellite-based Earth observation market has achieved remarkable growth, with estimated sales of approximately $5.7 billion in 2022. This upward trajectory is expected to continue, pushing the market to an impressive valuation of $11.4 billion by 2031. During the forecast period from 2023 to 2031, the industry is anticipated to grow at a robust compound annual growth rate (CAGR) of 7.2%. The field of Earth observation using satellites has developed to provide a wealth of data and insights for a wide range of applications, from environmental monitoring to disaster management and urban planning, playing a crucial role in various industries. The rapid expansion of the global satellite-based Earth observation market reflects the importance of addressing some of the world's most pressing challenges. As countries and organizations recognize the critical role of Earth observation in informed decision-making, investments in this field are expected to surge. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global satellite-based Earth observation market is classified based on product type, satellite orbit, Indian users, and region. By Product Type EO Data Value-added Services By Satellite Orbit Low Earth Orbit Medium Earth Orbit Geostationary Orbit By Indian Users Defense Urban Development and Cultural Heritage Agriculture Climate Change Services Energy and Raw Materials Infrastructure Others Key Companies: L3Harris Technologies Intelsat S.A. Israel Aerospace Industries Lockheed Martin Boeing Defense STMicroelectronics N.V. Mitsubishi Electric Inmarsat plc Airbus S.A.S. SkyWatch Space Applications Inc. Furuno Electric Co Ltd Raytheon Technologies Corp Planet Labs PBC Thales Group
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