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Base Year: 2024
Companies covered: 20
Tables & Figures: 448
Countries covered: 19
Pages: 170
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Satellite-Based Earth Observation Market
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Satellite-Based Earth Observation Market Size
The global satellite-based earth observation market was estimated at USD 3.7 billion in 2024. The market is expected to grow from USD 3.9 billion in 2025 to USD 5.1 billion in 2030 and USD 6.6 billion by 2034, at a CAGR of 5.9% during the forecast period of 2025–2034.
Satellite-Based Earth Observation Market Trends
Satellite-Based Earth Observation Market Analysis
Based on the product type, the market is segmented into EO data, and value-added service.
On the basis of satellite orbit, the satellite-based earth observation market is bifurcated into low earth orbit (LEO), medium earth orbit (MEO), and geostationary orbit (GEO).
Based on the application, the satellite-based earth observation market is categorized into agriculture & forestry, defense & intelligence, environmental & climate monitoring, urban & infrastructure planning, energy, mining & natural resources, maritime & transportation, and others.
North America dominated the satellite-based earth observation market and was valued at USD 1.6 billion in 2024 and is anticipated to grow with a CAGR of 5.5% during the forecast period of 2025 – 2034. This exponential growth is fuelled by the increasing investment in space technology along with the presence of the strong private sector.
The Europe satellite-based earth observation market is anticipated to grow with a CAGR of 6.3% during the forecast period of 2025 – 2034. The growth in the market is being driven by the implementation of Copernicus Programme, led by the European Space Agency (ESA), which drives Europe’s market by providing free, high-resolution data for climate monitoring and disaster management.
The Asia Pacific satellite-based earth observation market is the fastest growing market and is projected to grow significantly with a CAGR of 6.9% during the forecast period. This growth is fuelled by increased investments in disaster management, agricultural monitoring, and climate resilience.
The Latin America satellite-based earth observation market was valued at USD 150.4 million in 2024. The region's growth is taking place mainly because of the increasing requirement for monitoring deforestation, agriculture, and reacting to disasters. Brazil and Argentina are nations actively using satellite data in an attempt to track natural resources and inhibit illegal deforestation within the Amazon.
MEA satellite-based earth observation market is projected to surpass USD 559.6 million by 2034. The region is witnessing growth due to the management of water scarcity, infrastructure, and climate.
Satellite-Based Earth Observation Market Share
Satellite-Based Earth Observation Market Company
Some of the prominent companies operating in the market include:
Maxar Technologies Inc., Airbus Defence and Space, Planet Labs PBC, Spire Global, Inc., and BlackSky Technology Inc. are the market leaders. They dominate the market with significant satellite constellations, vertical integration, and committed R&D futures in high-resolution imaging, radar technology, and AI-driven analytics. They provide consistently scalable, reliable, and frequent Earth observation data to support defense, environmental monitoring, and commercial geospatial intelligence across the world.
Capella Space Inc., SpaceWill Information Co., Ltd., ImageSat International N.V., Pixxel Inc., LiveEO GmbH, L3Harris Technologies, Inc., MDA Space Ltd., are the key challengers. These players are stacking their competitive advantages by harnessing specialized technologies like synthetic aperture radar (SAR), thermal imaging, and powerful cloud-based analytics. A growing number of these companies are now weaving satellite data with IoT, AI, and machine learning, making it easier for farmers, city planners, and climate scientists to make informed, real-time decisions.
ICEYE Oy, Capella Space Corp., UrtheCast Corp., GeoOptics Inc., China Siwei Surveying and Mapping Technology Co., Ltd., and ImageSat International (ISI) are followers in the market. They primarily provide smaller, simpler, and cheaper satellite systems and incorporate data analytics services focused on mid-market commercial entities and research institutions. They deliver quick deployment services, faster data delivery, and specific analytics services such as methane detection and urban mapping.
MinoSpace, XRTech Group, Satellite Vu Ltd., and OroraTech GmbH are the niche players in the market. These firms concentrate on micro-satellites, advanced payload customization, and specialized EO applications such as microgravity science, precise environmental monitoring, and bespoke defense contracts. Their focus on precision timing, payload handling, and operational flexibility suits research campaigns and experimental missions.
Satellite-Based Earth Observation Industry News
The satellite-based earth observation market research report includes in-depth coverage of the industry with estimates and forecasts in terms of revenue in (USD Million) from 2021 – 2034 for the following segments:
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Market, By Product Type
Market, By Satellite Orbit
Market, By Technology
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: