Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Earth Observation Satellite Market Research Report Information by Applications (Infrastructure, Environment Monitoring, Energy, Natural Resources Monitoring, Maritime, Disaster Management, & Others), Payload Type, and Region Global Forecast to 2030


ID: MRFR/A&D/4512-HCR | 100 Pages | Author: Swapnil Palwe| May 2024

Earth Observation Satellite Market Overview


Earth Observation Satellite Market Size is projected to reach $ 0.5 Billion by 2030, registering a CAGR of 6.90% During 2023-2030


Earth observation satellite is designed for non-military uses, such as monitoring and predicting climatic patterns, assessing damage during natural disasters, estimation of crop yields, surface geology mapping, and mineral deposits, and availability of water sources. It works at an altitude of 800 Km using remote-sensing techniques to collect data on the chemical, physical, and biological aspects of the earth system. This method permits the measurement of geology parameters of the world from the orbit with the use of high-resolution cameras and advanced sensors. It conjointly facilitates the management of earth’s natural resources in a resourceful manner. The satellite-based earth observation sector is witnessing a rapid growth during the forecast period. However, there are some shortcomings in operating performance of the earth observation satellite, such as high initial investment cost, coordination among different databases, reusability, customization, and isolation of various satellites from one another.


Moreover, the changing landscape in the space industry will affect the earth observation industry, especially in downstream activities. Downstream companies are focused on securing new data to ensure cost reduction in a commercial marketplace. Joint ventures and acquisitions are going to gain important tactical aspect in the earth observation satellite industry. For instance, the government is actively participating in the development of earth observation fleet for several purposes, such as remote sensing, earth science, and meteorology.


For instance, Orbital ATK had launched 10 earth observation satellites from Planet Labs, with its Minotaur C rocket to provide information related to businesses, governments and non-governmental organizations (NGOs) around the world. Similarly, Thales Alenia Space had signed a contract with Airbus Defense and Space GmbH to develop the Biomass spacecraft in order to determine the distribution of biomass in the world’s forests and measure annual changes. It is the first space borne exploration of the Earth’s surface using a P-band radar. Additionally, the data generated will be used to monitor the ionosphere, glacier and ice sheets, mapping subsurface geology in deserts and the topography under dense vegetation.


The primary goal for earth observation satellite is to gather information related to the geological aspect of the earth. The increased need for advanced image-enhancing equipment will enable manufacturers to improve the quality of satellite-based earth observation images. The factors responsible for the growth of the global earth observation satellite market are emerging satellite constellations, cloud computing, high-resolution data, re-usable satellite launch vehicles and technological improvements in satellite imagery. In general, earth observation satellites provide key information and unique data to support climate change activities.


The global earth observation satellite market is segmented based on application, payload type, and region. Among application, environment monitoring is widely used and comprises the largest share in the market. The key growth factor of environmental monitoring is increasing requirement of real-time data related weather forecast and climate pattern. Among payload type, SATCOM has the largest demand in the earth observation satellite market during the forecast period.


Company News:



  • Maxar Technologies: In January 2024, Maxar secured a multi-year contract with the National Geospatial-Intelligence Agency (NGA) to provide high-resolution satellite imagery. This deal strengthens Maxar's position as a leading provider of government-grade Earth observation data.



  • Airbus Defence and Space: In December 2023, Airbus announced the successful launch of Pléiades Neo 5, its latest high-resolution Earth observation satellite. This constellation offers improved image resolution and faster revisit times, catering to applications like precision agriculture and urban planning.



  • Planet Labs: In November 2023, Planet Labs and ERM, a leading sustainability consultancy, announced a strategic collaboration to offer combined data and analytics solutions for environmental monitoring and risk management. This partnership aims to address growing demand for sustainable practices across industries.

  • BlackSky: In October 2023, BlackSky secured a $45 million contract with the US Air Force to provide real-time geospatial intelligence. This deal highlights the increasing role of commercial satellites in national security applications.



  • Terran Orbital: In June 2023, Terran Orbital successfully launched its RUNNER-1 satellite, demonstrating its capabilities in the small satellite segment of the Earth observation market. This launch opens doors for wider adoption of Terran Orbital's technology.


Earth Observation Satellite Market, By Segmentation


On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. North America region is expected to dominate the market in future, due to significant investment in surveillance and monitoring technologies. For instance, SpaceX and Airbus Defense built the first Spanish earth observation satellite to assist with civil operations, such as border control, tactical support, natural disaster management, environmental monitoring, risk management, and counter-piracy actions. The Asia Pacific region is second to the North America region in the global earth observation satellite market as several companies are operational in commercial verticals in media and entertainment and disaster management, with the help of earth observation satellites. Thus, the global earth observation satellite market is estimated to grow at approximately 9% CAGR from 2017 to 2023.


Key Players


The key players in the global earth observation satellite market are Airbus Defence and Space (U.S.), OHB SE (Germany), Boeing Defense Space & Security (U.S.), JSC Information Satellite Systems (Russia), Lockheed Martin (U.S.), Orbital ATK (U.S.), Space Systems/Loral (U.S.), Thales Alenia Space (France), and Space Exploration Technologies Corp. (U.S.).


The report for Global Earth Observation Satellite Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Attribute/Metric Details
Market Size 2030 USD 0.5 Billion
Compound Annual Growth Rate (CAGR) 6.90% (2023-2030)
Base Year 2021
Market Forecast Period 2023-2030
Historical Data 2018
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Applications, Payload Type and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Airbus Defence and Space (U.S.), OHB SE (Germany), Boeing Defense Space & Security (U.S.), JSC Information Satellite Systems (Russia), Lockheed Martin (U.S.), Orbital ATK (U.S.), Space Systems/Loral (U.S.), Thales Alenia Space (France), and Space Exploration Technologies Corp. (U.S.).
Key Market Opportunities Developing economies create new growth opportunities
Key Market Dynamics Changing landscape in the space industry will affect the earth observation industry
 

Frequently Asked Questions (FAQ) :

The market can attain a growth rate close to 6.90% from 2023 to 2030.

High investments in surveillance and monitoring technologies along with the rising use of earth observation satellite in civil operations, such as tactical support, border control, environmental monitoring, risk management, counter-piracy actions and natural disaster management bolster the market growth in North America.

The APAC market can secure the second spot in the market owing to the large number of companies operating in the commercial vertical in the disaster management and media and entertainment sectors, which boosts the use of earth observation satellites.

Environment monitoring is widely used and forms the biggest share in the worldwide market.

Among payload type, SATCOM has the largest demand in the earth observation satellite market during the forecast period.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.