LONDON--(BUSINESS WIRE)--The satellite-based earth observation market is poised to grow by USD 4.51 billion during 2020-2024, according to the latest market research report by Technavio . Request free sample pages
Read the 120-page report with TOC on "Satellite-Based Earth Observation Market Analysis Report by Type (VAS and Data), Application (Defense, Weather, LBS, Energy and Other applications), Geography (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the use of satellites for advanced environment monitoring. In addition, the growing demand for small satellites is anticipated to boost the growth of the satellite-based earth observation market.
Satellites are widely used for environmental monitoring due to their ability to monitor the macroscopic environment, hidden features, and short-term and long-term weather events that cannot be discerned through ground-based observation alone. Observation satellites can provide real-time, round-the-clock information on atmospheric features and occurrences that are vital for accurate weather forecasting, including temperature, wind, and weather patterns. Moreover, advances in sensing and imaging technologies in the past decade have led to the development of superior observation satellites for environmental monitoring. Thus, the increasing use for satellites for advanced environment monitoring will drive the growth of the market.
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Major Five Satellite-Based Earth Observation Market Companies:
Airbus SE has its business operations under three segments, such as airbus, airbus helicopters, and airbus defence and space. The company is involved in imagery services and data expertise, in-orbit delivery, assembly, integration and testing, and assistance.
GeoOptics, Inc. operates its business through two divisions, such as science and radio occultation. GeoOptics creates the highest quality radio occultation (RO) weather data for government, commercial, and research purposes.
Hispasat has its business operations under three segments, such as permanent space capacity, broadband businesses, and occasional uses. The company offers distribution of content in Spanish and Portuguese.
ImageSat International NV
ImageSat International NV operates its business through various segments, such as VHR satellites services, Geoint, integrated ISR solutions, data analysis, and new space. The company offers analytical and operational intelligence services such as end-to-end space-based imaging and analysis solutions.
L3Harris Technologies, Inc.
L3Harris Technologies, Inc. has its business operations under various segments, such as broadband communication systems, naval power systems, advanced communications, space & power systems, and maritime sensor systems. The company offers information technology services that produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors.
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Satellite-Based Earth Observation Type Outlook (Revenue, USD Billion, 2020-2024)
Satellite-Based Earth Observation Application Outlook (Revenue, USD Billion, 2020-2024)
- Other applications
Satellite-Based Earth Observation Regional Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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