Satellite-based Earth Observation Market Size to Grow by USD 1.32 Bn, Airbus SE and Antrix Corp Ltd. Among Key Vendors - Technavio

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Oct 10, 2022, 02:15 ET

NEW YORK, Oct. 10, 2022 /PRNewswire/ -- The "Satellite-based Earth Observation Market by Application, Type, and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's offerings. The market size is expected to grow by USD 1.32 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.49% during the forecast period.

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Technavio has announced its latest market research report titled Global Satellite-based Earth Observation Market 2022-2026

Key Vendor Analysis

Airbus SE, Antrix Corp Ltd., BAE Systems Plc, Eagle View Technologies Inc., EarthDaily Analytics, Geoimage, GeoOptics Inc., Global Surface Intelligence Ltd, ImageSat International, Kleos Space SA, L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB System AG, Orbital Insight Inc, Orbital Micro Systems, Planet Labs Inc., PlanetiQ, Raytheon Technologies Corp., Satellogic SA, Thales Group, among others, are the main players in the market. The key offerings of some of these vendors are listed below:

Airbus SE - The company offers satellite-based earth observation, which includes OPAZ, The Electro-Optical sensor that delivers imagery and video in real-time and provides 18cm resolution, while the Infra-Red allows for night and day operations.
Antrix Corp Ltd. - The company offers satellite-based earth observation that includes Resourcesat, Cartosat, Oceansat, and Risat series of satellites.
Geoimage - The company offers satellite-based earth observation, which includes atlasTSF, Surface Movement Monitoring, Digital Elevation Models, Geophysical Interpretation, Monitoring and Compliance, Image Processing, and Data Analytics.
ImageSat International - The company offers satellite-based earth observation that includes Global Eye, which provides unique sensor technology, unprecedented revisit and area coverage, extended platform agility and duty cycle, and advanced on-board processing capabilities.
L3Harris Technologies Inc. - The company offers satellite-based earth observation, which provides Realistic Visualizations for Planning and Analysis, Vector Data, Cloud Patching, and Multi-resolution Blended Imagery.

Market Driver

The use of satellites for advanced environment monitoring is driving the satellite-based earth observation (EO) market growth. Advances in imaging and sensing technologies in the past decade have resulted in the development of advanced observation satellites for environmental monitoring. These satellites allow higher resolution images and measurement of a large number of metrics. Such advances may challenge the market growth in the forecast period.

Satellite-based Earth Observation Market Application Outlook (Revenue, USD bn, 2021-2026)

Defense - size and forecast 2021-2026
Weather - size and forecast 2021-2026
LBS - size and forecast 2021-2026
Energy - size and forecast 2021-2026
Other applications - size and forecast 2021-2026

Satellite-based Earth Observation Market Type Outlook (Revenue, USD bn, 2021-2026)

VAS - size and forecast 2021-2026
Data - size and forecast 2021-2026

Satellite-based Earth Observation Market Geography Outlook (Revenue, USD bn, 2021-2026)

North America - size and forecast 2021-2026
APAC - size and forecast 2021-2026
Europe - size and forecast 2021-2026
South America - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Revenue-generating Application Segment

The defense segment will be the largest contributor to market growth during the forecast period. The increasing investments in satellite technologies for regional security, surveillance, and spy intelligence by emerging countries such as China, India, and Russia are driving the growth of this segment. For instance, in May 2019, the Indian Space Research Organization (ISRO) launched a new EO satellite, RISAT-2B (Radar Imaging Satellite-2B). Agriculture and forestry surveillance and support for disaster management are some of the applications of this segment. Such factors are expected to drive the growth of the defense segment during the forecast period.

Related Reports

Electric Propulsion Satellite Market by Type and Geography - Forecast and Analysis 2022-2026: The electric propulsion satellite market share is expected to increase by USD 15.71 billion from 2021 to 2026.

Satellite-based Earth Observation Market in Europe by Type, Application, and Geography - Forecast and Analysis 2022-2026: The satellite-based earth observation market share in Europe is expected to increase by USD 308.60 million from 2021 to 2026.

Satellite-based Earth Observation Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.49%
Market growth 2022-2026	USD 1.32 billion
Market structure	Concentrated
YoY growth (%)	6.45
Regional analysis	North America, APAC, Europe, South America, and the Middle East and Africa
Performing market contribution	North America at 42%
Key consumer countries	US, Canada, China, Russia, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Key companies profiled	Airbus SE, Antrix Corp Ltd., BAE Systems Plc, Eagle View Technologies Inc., EarthDaily Analytics, Geoimage, GeoOptics Inc., Global Surface Intelligence Ltd, ImageSat International, Kleos Space SA, L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB System AG, Orbital Insight Inc, Orbital Micro Systems, Planet Labs Inc., PlanetiQ, Raytheon Technologies Corp., Satellogic SA, and Thales Group
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 25: Chart on Application - Market share 2021-2026 (%)
Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 27: Chart on Comparison by Application
Exhibit 28: Data Table on Comparison by Application

5.3 Defense - Market size and forecast 2021-2026

Exhibit 29: Chart on Defense - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Defense - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Defense - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Defense - Year-over-year growth 2021-2026 (%)

5.4 Weather - Market size and forecast 2021-2026

Exhibit 33: Chart on Weather - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Weather - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Weather - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Weather - Year-over-year growth 2021-2026 (%)

5.5 LBS - Market size and forecast 2021-2026

Exhibit 37: Chart on LBS - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on LBS - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on LBS - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on LBS - Year-over-year growth 2021-2026 (%)

5.6 Energy - Market size and forecast 2021-2026

Exhibit 41: Chart on Energy - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Energy - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Energy - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Energy - Year-over-year growth 2021-2026 (%)

5.7 Other applications - Market size and forecast 2021-2026

Exhibit 45: Chart on Other applications - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Data Table on Other applications - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Chart on Other applications - Year-over-year growth 2021-2026 (%)
Exhibit 48: Data Table on Other applications - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application

Exhibit 49: Market opportunity by Application ($ million)

6 Market Segmentation by Type

6.1 Market segments

Exhibit 50: Chart on Type - Market share 2021-2026 (%)
Exhibit 51: Data Table on Type - Market share 2021-2026 (%)

6.2 Comparison by Type

Exhibit 52: Chart on Comparison by Type
Exhibit 53: Data Table on Comparison by Type

6.3 VAS - Market size and forecast 2021-2026

Exhibit 54: Chart on VAS - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on VAS - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on VAS - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on VAS - Year-over-year growth 2021-2026 (%)

6.4 Data - Market size and forecast 2021-2026

Exhibit 58: Chart on Data - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Data - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Data - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Data - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Type

Exhibit 62: Market opportunity by Type ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 64: Chart on Market share by geography 2021-2026 (%)
Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 66: Chart on Geographic comparison
Exhibit 67: Data Table on Geographic comparison

8.3 North America - Market size and forecast 2021-2026

Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.4 APAC - Market size and forecast 2021-2026

Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.5 Europe - Market size and forecast 2021-2026

Exhibit 76: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026

Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 US - Market size and forecast 2021-2026

Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)

8.9 China - Market size and forecast 2021-2026

Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)

8.10 Russia - Market size and forecast 2021-2026

Exhibit 96: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on Russia - Year-over-year growth 2021-2026 (%)

8.11 UK - Market size and forecast 2021-2026

Exhibit 100: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 101: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 102: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 103: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.12 Canada - Market size and forecast 2021-2026

Exhibit 104: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 105: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 106: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 107: Data Table on Canada - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

10.4 Industry risks

Exhibit 112: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 113: Vendors covered

11.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

11.3 Airbus SE

Exhibit 115: Airbus SE - Overview
Exhibit 116: Airbus SE - Business segments
Exhibit 117: Airbus SE - Key news
Exhibit 118: Airbus SE - Key offerings
Exhibit 119: Airbus SE - Segment focus

11.4 Antrix Corp Ltd.

Exhibit 120: Antrix Corp Ltd. - Overview
Exhibit 121: Antrix Corp Ltd. - Product / Service
Exhibit 122: Antrix Corp Ltd. - Key offerings

11.5 Geoimage

Exhibit 123: Geoimage - Overview
Exhibit 124: Geoimage - Product / Service
Exhibit 125: Geoimage - Key offerings

11.6 ImageSat International

Exhibit 126: ImageSat International - Overview
Exhibit 127: ImageSat International - Product / Service
Exhibit 128: ImageSat International - Key offerings

11.7 L3Harris Technologies Inc.

Exhibit 129: L3Harris Technologies Inc. - Overview
Exhibit 130: L3Harris Technologies Inc. - Business segments
Exhibit 131: L3Harris Technologies Inc. - Key news
Exhibit 132: L3Harris Technologies Inc. - Key offerings
Exhibit 133: L3Harris Technologies Inc. - Segment focus

11.8 Maxar Technologies Inc.

Exhibit 134: Maxar Technologies Inc. - Overview
Exhibit 135: Maxar Technologies Inc. - Business segments
Exhibit 136: Maxar Technologies Inc. - Key offerings
Exhibit 137: Maxar Technologies Inc. - Segment focus

11.9 Northrop Grumman Corp.

Exhibit 138: Northrop Grumman Corp. - Overview
Exhibit 139: Northrop Grumman Corp. - Business segments
Exhibit 140: Northrop Grumman Corp. - Key news
Exhibit 141: Northrop Grumman Corp. - Key offerings
Exhibit 142: Northrop Grumman Corp. - Segment focus

11.10 OHB System AG

Exhibit 143: OHB System AG - Overview
Exhibit 144: OHB System AG - Product / Service
Exhibit 145: OHB System AG - Key offerings

11.11 Planet Labs Inc.

Exhibit 146: Planet Labs Inc. - Overview
Exhibit 147: Planet Labs Inc. - Product / Service
Exhibit 148: Planet Labs Inc. - Key offerings

11.12 Thales Group

Exhibit 149: Thales Group - Overview
Exhibit 150: Thales Group - Business segments
Exhibit 151: Thales Group - Key offerings
Exhibit 152: Thales Group - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 153: Inclusions checklist
Exhibit 154: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 155: Currency conversion rates for US$

12.4 Research methodology

Exhibit 156: Research methodology
Exhibit 157: Validation techniques employed for market sizing
Exhibit 158: Information sources

12.5 List of abbreviations

Exhibit 159: List of abbreviations

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