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Commercial Earth Observation (CEO) Market Trends

  • Report ID: GMI6754
  • Published Date: Sep 2023
  • Report Format: PDF
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Commercial Earth Observation Market Trends

The development of small satellites including CubeSats is making space more accessible for startups and research institutions. Data analytics platforms that process and interpret Earth observation data are becoming increasingly sophisticated. Increasing global concerns for environmental issues including climate change and deforestation have driven the use of Earth observation for sustainability and conservation efforts. Organizations leverage satellite data to track deforestation, monitor emissions, and assess the impact of climate change.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global market for commercial earth observation (CEO) was valued at USD 4.2 billion in 2022 and is anticipated to grow at a CAGR of over 8% between 2023 and 2032, on account of an increased collaboration between governments and private companies for satellite deployment & data sharing.

The agriculture segment generated around USD 1 billion in 2022 and is expected to witness a healthy growth rate from 2023 to 2032, owing to the wider use of Earth observation data for precision agriculture, crop monitoring, yield prediction, and sustainable land management.

North America held over 35% share in the CEO market in 2022, as the region, particularly the U.S., has a thriving commercial space industry with numerous satellite operators and launch providers, leading to an increase in the availability and affordability of CEO data.

The major market players are Airbus S.A.S., The Boeing Company, and Thales Group.

Commercial Earth Observation (CEO) Market Scope

  • Commercial Earth Observation (CEO) Market Size
  • Commercial Earth Observation (CEO) Market Trends
  • Commercial Earth Observation (CEO) Market Analysis
  • Commercial Earth Observation (CEO) Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 14
    • Tables & Figures: 218
    • Countries covered: 20
    • Pages: 200
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