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Satellite Earth Observation Market - A Global and Regional Analysis

Focus on End User, Application, Services, Manufacturing, Technology, Altitude, and Country - Analysis and Forecast, 2022-2032

 
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The global satellite Earth observation data and value-added services market is expected to reach $15,903.0 million by 2032, with a CAGR of 6.92% during the forecast period 2022-2032.

The top market players are Airbus S.A.S, BAE Systems, Ball Corporation, BlackSky Technology Inc., Capella Space, EarthDaily Analytics (UrtheCast), Geospatial Insight, HawkEye 360, Inc., ICEYE, Kongsberg Satellite Services (KSAT), L3Harris Technologies, Inc., Maxar Technologies Inc., MDA Ltd., OHB System AG (OHB SE), Orbital Insight, Inc., Planet Labs, RS Metrics, Satellogic, Skylab Analytics, Spire Global, Inc., Thales Alenia Space, GHGSAT.
 

Factors driving the growth of the satellite Earth observation market are growing demand for big data to generate accurate insights on earth observation data, and rising investment activities for developing cost-efficient earth observation satellites and instruments.

Some of the main challenges restricting the growth of the satellite Earth observation market are unfavourable government regulations worldwide for earth observation satellites, and difficulty in integration of data analytics tools with enterprise solution.

The potential opportunities that are likely to boost the growth of the satellite Earth observation market are growing demand for geospatial analytical services in vertical market, and increasing demand for earth observation satellite among developing nations.

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