Satellite-based Earth Observation Market: 6.28% Y-O-Y Growth Rate in 2022 | By Type (VAS and data), Application, and Geography | Growth, Trends, and Forecasts (2022-2026)
NEW YORK, April 6, 2022 /PRNewswire/ -- The Satellite-based Earth Observation Market value is set to grow by USD 308.60 million, progressing at a CAGR of 7.38% from 2021 to 2026, as per the latest report by Technavio.
The market is segmented by Type (VAS and data), Application (urban development and cultural heritage, energy and raw materials, climate, Agriculture, and others), and Geography (Russian Federation, UK, and Rest of Europe).
The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
Download Our FREE Sample Report for a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
Satellite-based Earth Observation Market in Europe Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 7.38% |
Market growth 2022-2026 | $ 308.60 million |
Market structure | Concentrated |
YoY growth (%) | 6.28 |
Regional analysis | Russian Federation, UK, and Rest of Europe |
Performing market contribution | Rest of Europe at 68% |
Key consumer countries | Russian Federation, UK, and Rest of Europe |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | ACRI-ST, Airbus SE, Assimila Ltd., BMT Group Ltd., CGI Inc., cloudeo AG, EarthDaily Analytics, ImageSat International, Maxar Technologies Inc., and Thales Group |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Segmentation Analysis & Forecasts
The satellite-based earth observation market in Europe's share growth by the VAS segment will be significant during the forecast period. The value-added services (VAS) segment of the satellite-based earth observation market in Europe is quite fragmented. It comprises around 350-450 companies, a large majority of which are small- and micro-scale startups. The segment is expected to witness rapid growth during the forecast period due to the increasing adoption of VAS among private companies and organizations. Meanwhile, government agencies and the defense sector use satellite-based earth observation VAS for applications such as defense applications, city planning, weather forecasting, forestry mapping, and pollution monitoring. Such applications are driving the segment growth.
Request for a FREE sample to gain further insights on the market contribution of various segments
Regional Analysis & Forecasts
68% of the market's growth will originate from Rest of Europe during the forecast period. Rest of Europe is the key market for satellite-based earth observation market in Europe. Market growth in this region will be faster than the growth of the market in the Russian Federation.
Another key region offering significant growth opportunities to the vendors is the Russian Federation. The need to replace older satellites and launch newer earth observation satellites to gather high-resolution imagery will facilitate the satellite-based earth observation market growth in Russian Federation over the forecast period.
Request for a FREE sample now! For more insights on the market share of various regions
Key Takeaways from Satellite-based Earth Observation Market study
- Satellite-based Earth Observation Market size to increase by USD 308.60 million at 7.38% CAGR between 2021 and 2026
- 6.28% year-over-year growth expected in 2022
- 68% market growth to originate in Rest of Europe during the forecast period
- VAS segment accounted for maximum growth in the market in 2021
- Dominant vendors include ACRI-ST, Airbus SE, Assimila Ltd., BMT Group Ltd., CGI Inc., cloudeo AG, EarthDaily Analytics, ImageSat International, Maxar Technologies Inc., and Thales Group among others.
Satellite-based Earth Observation Market Growth Driver
The growing use of satellites for environmental monitoring is one of the key drivers supporting the satellite-based earth observation market growth in Europe. Satellite-based earth observation is used for various applications, including the observation and monitoring of GHG emissions, deforestation, changes in polar ice, wildfires, and coral bleaching. Advances in sensing and imaging technologies in the past decade have led to the development of superior observation satellites for environmental monitoring. These satellites provide higher-resolution images and allow for the measurement of several metrics. Similarly, The EU Earth Observation Programme, also called Copernicus, provides data and services for monitoring the atmosphere, marine environment, and land and climate changes. Such advanced technologies are expected to drive market growth during the forecast period.
Satellite-based Earth Observation Market Growth Restraints
Competition from alternative technologies is one of the factors hindering the satellite-based earth observation market growth in Europe. With major enterprises, including Google and World View Enterprises, and startups, such as Zero 2 Infinity, investing in the R&D of high-altitude balloons, the threat against satellite-based earth observation is expected to increase. On the other hand, the rapid growth of UAVs is driven by their adoption in various application fields and the considerable venture capital funding in the past few years. The companies are increasingly focusing on the same end-user segments as satellite-based earth observation vendors. These end-user segments include construction, agriculture, environment monitoring, mining, and the oil and gas industry. Moreover, drones have also been used for earth observation applications such as archeological surveying, climate studies, and storm and traffic monitoring. Such applications of alternative technologies will negatively impact the market growth during the forecast period.
Download Free sample Report for insights on the Drivers, Trends, and Challenges that will help companies evaluate and develop growth strategies for 2022-2026
The Satellite-based Earth Observation Market Report Answers Questions Such as:
- Is the market structure fragmented or concentrated
- What was the market size in 2022 and the forecast of the Satellite-based Earth Observation Market through 2026
- Which are the best segment areas to invest in over the forecast period
- What is the market share of dominant and strong vendors in the Satellite-based Earth Observation Market
- What are the latest trends and regulatory frameworks in the Satellite-based Earth Observation Market
Download Our FREE Sample Report to get all your questions answered
Related Reports:
Airborne SATCOM Market by Application and Geography - Forecast and Analysis 2022-2026 – The airborne SATCOM market share is expected to increase by USD 1.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.53%. To get more exclusive research insights: Download Free Sample Report
Marine Radar Market by Application and Geography - Forecast and Analysis 2022-2026 – The marine radar market share is expected to increase by USD 147.29 million from 2021 to 2026, at a CAGR of 3.59%. To get more exclusive research insights: Download Free Sample Report
Table of Contents:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
2.2 Value Chain Analysis
Exhibit 10: Value chain analysis: Aerospace and defense market
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Marketing and sales
2.2.5 Aftermarket and service
2.2.6 Industry innovation
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Europe - Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Europe market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5. Market Segmentation by Application
5.1 Market segments
Exhibit 22: Application - Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 23: Comparison by Application
5.3 Bottles - Market size and forecast 2021-2026
Exhibit 24: Urban development and cultural heritage - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Urban development and cultural heritage - Year-over-year growth 2021-2026 (%)
5.4 Energy and raw materials - Market size and forecast 2021-2026
\Exhibit 26: Energy and raw materials - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Energy and raw materials - Year-over-year growth 2021-2026 (%)
5.5 Climate - Market size and forecast 2021-2026
Exhibit 28: Climate - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Climate - Year-over-year growth 2021-2026 (%)
5.6 Agriculture - Market size and forecast 2021-2026
Exhibit 30: Agriculture - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Agriculture - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 32: Others - Market size and forecast 2021-2026 ($ million)
5.7.1 Insurance
5.7.2 Disaster management
5.7.3 Transport and logistics
5.7.4 Living resources
5.7.5 Telecommunication and utilities
Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by Application
Exhibit 34: Market opportunity by Application
6. Market Segmentation by Type
6.1 Market segments
Exhibit 35: Type- Market share 2020-2025 (%)
6.2 Comparison by Type
Exhibit 36: Comparison by Type
6.3 VAS - Market size and forecast 2021-2026
Exhibit 37: VAS - Market size and forecast 2021-2026 ($ million)
Exhibit 38: VAS - Year-over-year growth 2021-2026 (%)
6.4 Data - Market size and forecast 2021-2026
Exhibit 39: Data- Market size and forecast 2021-2026 ($ million)
Exhibit 40: Data - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Type
Exhibit 41: Market opportunity by Type
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 42: Customer landscape
8. Geographic Landscape
8.1 Geographic segmentation
Exhibit 43: Market share by geography 2021-2026 (%)
8.2 Geographic comparison
Exhibit 44: Geographic comparison
8.3 Russian Federation - Market size and forecast 2021-2026
Exhibit 45: Russian Federation - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Russian Federation - Year-over-year growth 2021-2026 (%)
8.4 UK - Market size and forecast 2021-2026
Exhibit 47: UK - Market size and forecast 2021-2026 ($ million)
Exhibit 48: UK - Year-over-year growth 2021-2026 (%)
8.5 Rest of Europe - Market size and forecast 2021-2026
Exhibit 49: Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 50: Rest of Europe - Year-over-year growth 2021-2026 (%)
8.6 Market opportunity by geography
Exhibit 51: Market opportunity by geography ($ million)
9. Drivers, Challenges, and Trends
9.1 Market drivers
9.1.1 Growing use of satellites for environmental monitoring
9.1.2 Resurge in spending on space programs and entry of private players
9.1.3 Advances in satellite earth observation technologies
9.2 Market challenges
9.2.1 Competition from alternative technologies
9.2.2 High cost of satellite infrastructure
9.2.3 Regulatory hurdles and interoperability issues
Exhibit 52: Impact of drivers and challenges
9.3 Market trends
9.3.1 Growing demand for small satellites
9.3.2 Use of AI in satellite-based earth observation
9.3.3 Increased use of satellite-based earth observation in transportation and disaster management
9.3.4 Big data in satellite-based earth observation
10. Vendor Landscape
10.1 Overview
Exhibit 53: Vendor landscape
10.2 Landscape disruption
Exhibit 54: Landscape disruption
Exhibit 55: Industry Risk
11. Vendor Analysis
11.1 Vendors Covered
Exhibit 56: Vendor Landscape
11.2 Market positioning of vendors
Exhibit 57: Market positioning of vendors
11.3 ACRI-ST
Exhibit 58: ACRI-ST - Overview
Exhibit 59: ACRI-ST - Product and service
Exhibit 60: ACRI-ST - Key offerings
11.4 Airbus SE
Exhibit 61: Airbus SE - Overview
Exhibit 62: Airbus SE - Business segments
Exhibit 63: Airbus SE - Key News
Exhibit 64: Airbus SE - Key offerings
Exhibit 65: Airbus SE - Segment focus
11.5 Assimila Ltd.
Exhibit 66: Assimila Ltd. - Overview
Exhibit 67: Assimila Ltd. - Product and service
Exhibit 68: Assimila Ltd. - Key offerings
11.6 BMT Group Ltd.
Exhibit 69: BMT Group Ltd. - Overview
Exhibit 70: BMT Group Ltd. - Product and service
Exhibit 71: BMT Group Ltd. - Key offerings
11.7 CGI Inc.
Exhibit 72: CGI Inc. - Overview
Exhibit 73: CGI Inc. - Business segments
Exhibit 74: CGI Inc. - Key News
Exhibit 75: CGI Inc. - Key offerings
Exhibit 76: CGI Inc. - Segment focus
11.8 cloudeo AG
Exhibit 77: cloudeo AG - Overview
Exhibit 78: cloudeo AG - Product and service
Exhibit 79: cloudeo AG - Key offerings
11.9 EarthDaily Analytics
Exhibit 80: EarthDaily Analytics - Overview
Exhibit 81: EarthDaily Analytics - Product and service
Exhibit 82: EarthDaily Analytics - Key News
Exhibit 83: EarthDaily Analytics - Key offerings
11.10 ImageSat International
Exhibit 84: ImageSat International - Overview
Exhibit 85: ImageSat International - Product and service
Exhibit 86: ImageSat International - Key News
Exhibit 87: ImageSat International - Key offerings
11.11 Maxar Technologies Inc.
Exhibit 88: Maxar Technologies Inc. - Overview
Exhibit 89: Maxar Technologies Inc. - Business segments
Exhibit 90: Maxar Technologies Inc. - Key News
Exhibit 91: Maxar Technologies Inc. - Key offerings
Exhibit 92: Maxar Technologies Inc. - Segment focus
11.12 Thales Group
Exhibit 93: Thales Group - Overview
Exhibit 94: Thales Group - Business segments
Exhibit 95: Thales Group - Key offerings
Exhibit 96: Thales Group - Segment focus
12. Appendix
12.1 Scope of the report
12.1.1 Market definition
12.1.2 Objectives
12.1.3 Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 97: Currency conversion rates for US$
12.3 Research Methodology
Exhibit 98: Research Methodology
Exhibit 99: Validation techniques employed for market sizing
Exhibit 100: Information sources
12.4 List of abbreviations
Exhibit 101: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article