In 2020, the revenue of the satellite earth observation market worldwide amounted to approximately *** billion U.S. dollars. This revenue is projected to climb to some **** billion by 2032. Government and defense purposes are forecast to be the most important end user in the earth observation solution market, and it is expected to reach a value of over *** billion U.S. dollars by 2032.

The Satellite-Based Earth Observation Market report segments the industry into By Service (Data, Value-Added-Service), By Technology (Synthetic Aperture Radar (SAR), Optical), By Application (Urban Development (Includes Public Safety), Agriculture, Climate and Environment Services, Energy, Infrastructure Monitoring, Disaster and Emergency Management, and more), and By Geography (North America, Europe, Asia-Pacific, and more).

The global Earth observation market is evaluated to increase from a value of US$ 6.8 billion in 2024 to US$ 14.6 billion by the end of 2034. The market has been projected to expand at a CAGR of 8% through 2034.

Report Attribute	Detail
Earth Observation Market Size (2024E)	US$ 6.8 Billion
Projected Market Value (2034F)	US$ 14.6 Billion
Global Market Growth Rate (2024 to 2034)	8% CAGR
China Market Value (2034F)	US$ 1.6 Billion
Canada Market Growth Rate (2024 to 2034)	8.5% CAGR
North America Market Share (2024E)	23.9%
East Asia Market Value (2034F)	US$ 3.4 Billion
Key Companies Profiled	Airbus; BAE Systems; Ball Corporation; Harris Corporation; Lockheed Martin Corporation; MBRSC; Northrop Grumman Corporation; Planet; Raytheon Intelligence & Space; SARsat Arabia.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 700 Million
Growth Rate (2024 to 2034)	8.4% CAGR
Projected Value (2034F)	US$ 1.6 Billion

Attribute	China
Market Value (2024E)	US$ 700 Million
Growth Rate (2024 to 2034)	8% CAGR
Projected Value (2034F)	US$ 1.6 Billion

Category-wise Insights

Attribute	Value-Added Services
Segment Value (2024E)	US$ 4.7 Billion
Growth Rate (2024 to 2034)	7.4% CAGR
Projected Value (2034F)	US$ 9.6 Billion

Attribute	Defense & Intelligence
Segment Value (2024E)	US$ 1.7 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 2.9 Billion

According to Cognitive Market Research, the global Earth Observation Market size is USD 4158.20 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1663.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1247.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 956.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 207.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 83.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The EO Data held the highest Earth Observation Market revenue share in 2024.

Market Dynamics of Earth Observation Market

Key Drivers for Earth Observation Market

Rising Demand for Geospatial Information

The rising demand for geospatial information is a key driver of the Earth Observation Market. Geospatial information, which includes data about the Earth's surface, such as terrain, vegetation, and land use, is essential for a wide range of applications, including urban planning, agriculture, forestry, disaster management, and infrastructure development. Earth observation satellites provide a unique vantage point for collecting high-resolution imagery and data, enabling accurate mapping, monitoring, and analysis of the Earth's surface. The increasing need for geospatial information, driven by urbanization, environmental concerns, and infrastructure development, is fueling the demand for Earth observation solutions. As a result, satellite operators, data providers, and analytics companies are expanding their offerings to meet the growing demand for geospatial information, driving market growth in the Earth Observation Market.

Growing Awareness of Climate Change

The growing awareness of climate change is a significant driver of the Earth Observation Market. With increasing concerns about the impacts of climate change on the environment, ecosystems, and human populations, there is a heightened demand for accurate and timely data to monitor and assess these changes. Earth observation satellites play a crucial role in providing comprehensive data on climate-related phenomena, such as sea-level rise, temperature changes, melting ice caps, and extreme weather events. This data is essential for climate research, policy-making, and adaptation strategies. As awareness of the urgency of addressing climate change grows, governments, research institutions, and environmental organizations are increasingly relying on Earth observation data, driving market growth in the Earth Observation Market as satellite operators and data providers expand their offerings to meet this demand.

Restraint Factor for the Earth Observation Market

High Initial Investment

High initial investment serves as a significant restraint in the Earth Observation Market. Developing, launching, and maintaining Earth observation satellites and associated ground infrastructure require substantial financial resources. The cost includes satellite design and manufacturing, launch services, ground station setup, data processing, and ongoing maintenance. This high upfront investment poses a barrier to entry for new market players and smaller companies, limiting competition and innovation in the industry. Additionally, the lengthy development and deployment timelines further exacerbate the financial risk associated with Earth observation projects. As a result, potential investors may hesitate to commit funds to Earth observation ventures, hindering market growth and the development of new satellite missions and services. Addressing this restraint may require collaborative efforts to reduce costs, improve efficiency, and explore alternative financing models in the Earth Observation Market.

Impact of Covid-19 on the Earth Observation Market

The COVID-19 pandemic has had a mixed impact on the Earth Observation Market. While the pandemic initially disrupt...

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Satellite-Based Earth Observation Market Size 2025-2029

The satellite-based earth observation market size is forecast to increase by USD 9.66 billion, at a CAGR of 12% between 2024 and 2029. The market is experiencing significant growth, driven primarily by the increasing demand for advanced environment monitoring.

Major Market Trends & Insights

North America dominated the market and accounted for a 43% share in 2023.
The market is expected to grow significantly in APAC region as well over the forecast period.
Based on Application, the defense segment led the market and was valued at USD 4.28 billion of the global revenue in 2023.
Based on Type, the value-added Services (VAS) segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

2024 Market Size: USD 12.64 Billion
Future Opportunities: USD 9.66 Billion
CAGR (2024-2029): 12%
North America: Largest market in 2023

The market continues to evolve, driven by advancements in remote sensing technology and the increasing demand for accurate and timely geospatial data across various sectors. From infrastructure development to environmental monitoring, earth observation data plays a crucial role in sectors such as urban planning, resource management, and disaster management. Satellite imagery, with its high temporal and spectral resolution, enables effective monitoring of land cover changes, weather patterns, and natural disasters. Geospatial software and remote sensing tools facilitate data fusion, allowing for more comprehensive analysis and data integration. Government agencies, military applications, commercial businesses, and research institutions all rely on earth observation data for intelligence gathering, border surveillance, and precision agriculture.

What will be the Size of the Satellite-Based Earth Observation Market during the forecast period?

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Big data and data services have emerged as key players in the market, offering data subscriptions, data analytics platforms, and data visualization tools. Machine learning and artificial intelligence are transforming the industry, enabling advanced image interpretation and data processing capabilities. Hyperspectral imagery and data licensing are also gaining traction, providing more detailed information on land use and carbon monitoring. Emergency response and climate change are among the latest applications of earth observation data, highlighting the market's continuous dynamism. The future of the market lies in cloud computing, spatial analysis, and data integration, as the industry continues to unfold and evolve.

This need is fueled by various factors, including climate change mitigation, natural disaster management, and agricultural productivity enhancement. Another key trend in the market is the rising preference for small satellites due to their cost-effectiveness and ease of deployment. However, the market faces challenges as well. Competition from alternate technologies, such as drones and airborne sensors, poses a significant threat to the market's growth. The weather segment of application is the second largest segment and was valued at USD 2.73 billion in 2023.

Additionally, the high cost of satellite manufacturing and launching continues to be a significant barrier to entry for new players. To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on innovation, cost reduction, and strategic partnerships. By investing in advanced technologies and collaborating with industry leaders, they can differentiate themselves and stay competitive in the evolving market landscape.

How is this Satellite-Based Earth Observation Industry segmented?

The satellite-based earth observation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Defense
  Weather
  Location-Based Services (LBS)
  Energy
  Others


Type

  Value-Added Services (VAS)
  Data


Technology

  Synthetic aperture radar (SAR)
  Optical


End-User

  Government
  Commercial
  Academic/Research


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  Middle East and Africa

    UAE


  APAC

    China
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The defense segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 4.28 billion in 2023. It continued to the largest segment at a CAGR of 9.06%.

The market encompasses various applications, including crop monitoring, weather forecasting, disaster management, resource management, and defense and security. Crop monitoring leverages multispect

Global Satellite-Based Earth Observation market size is expected to reach $9.53 billion by 2029 at 7.7%, satellite launches drive growth in earth observation market

The United States Satellite-Based Earth Observation Market Report Segments the Industry Into by Type (Earth Observation Data, Value Added Services), by Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit), by End-User (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure, Other End-Users).

The United Kingdom Satellite-Based Earth Observation Market is Segmented by Type (Earth Observation Data, Value Added Services), Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit), and End-Use (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Satellite-based Earth Observation Market Outlook

According to our latest research, the global satellite-based Earth observation market size reached USD 6.2 billion in 2024 and is projected to grow at a robust CAGR of 8.5% from 2025 to 2033. By the end of the forecast period, the market is expected to attain a value of USD 12.6 billion. The primary growth driver for this market is the escalating demand for high-resolution satellite imagery and analytics across diverse industries, including agriculture, defense, disaster management, and climate monitoring. The increasing reliance on advanced geospatial data for informed decision-making, combined with technological advancements in satellite imaging and data processing, is further catalyzing market expansion.

One of the most significant growth factors fueling the satellite-based Earth observation market is the rapid technological evolution in satellite sensors, imaging techniques, and onboard data processing capabilities. The advent of high-resolution optical and radar satellites has enabled the capture of more precise and timely data, which is crucial for applications ranging from crop monitoring and yield prediction to urban planning and natural disaster response. Additionally, the miniaturization of satellites and the proliferation of small satellite constellations have dramatically reduced launch and operational costs, making satellite-based Earth observation services more accessible to a broader range of end users, including commercial enterprises and emerging economies. These technological advancements have also facilitated the integration of artificial intelligence and machine learning algorithms, allowing for real-time data analysis and actionable insights, which further accelerates market adoption.

Another key driver is the expanding application scope of satellite-based Earth observation across both public and private sectors. Governments worldwide are increasingly leveraging satellite data for national security, border surveillance, and resource management, while commercial enterprises utilize earth observation for precision agriculture, environmental monitoring, infrastructure development, and insurance risk assessment. The growing awareness of the importance of sustainable development and climate change mitigation has also spurred investment in satellite-based Earth observation solutions for climate monitoring, disaster risk reduction, and ecosystem management. As regulatory frameworks become more favorable and data-sharing initiatives proliferate, the market is witnessing heightened collaboration between governmental agencies, research institutions, and private players, fostering innovation and the development of value-added services.

Furthermore, the market is benefitting from the rising frequency and severity of natural disasters, which has underscored the critical role of timely and accurate satellite imagery in disaster management and humanitarian response. Satellite-based Earth observation provides vital information for early warning systems, damage assessment, and resource allocation during emergencies, enabling governments and aid organizations to respond more effectively and efficiently. The increasing adoption of earth observation data for monitoring deforestation, illegal mining, and maritime activities also highlights its growing significance in environmental protection and regulatory compliance. As the world grapples with complex challenges such as climate change, food security, and urbanization, the demand for reliable, high-resolution geospatial data is expected to surge, driving sustained growth in the satellite-based Earth observation market.

From a regional perspective, North America currently dominates the satellite-based Earth observation market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The region's leadership is attributed to substantial investments in space technology, a robust ecosystem of satellite manufacturers and service providers, and strong government support for space-based initiatives. However, Asia Pacific is poised for the fastest growth during the forecast period, driven by increasing satellite launches, expanding commercial applications, and heightened government focus on space exploration and earth observation. Emerging economies in Latin America, the Middle East, and Africa are also witnessing increased adoption of satellite-based solutions, particularly for agriculture, disaster management, and resource monitoring, contributing to the global market'

The India Satellite-Based Earth Observation Market report segments the industry into By Type (Earth Observation Data, Value Added Services), By Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit), and By End-Use (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure, Other End-Use).

This statistic depicts the market size of the global Earth observation satellite data and services market in 2017 and 2023, broken down by technology. In 2017, the optical Earth observation satellite data and services market was sized at 4.7 billion U.S. dollars worldwide.

Satellite-based Earth Observation Market Outlook

The global satellite-based Earth observation market size was valued at approximately $6.1 billion in 2023, with a forecasted growth to reach around $15.4 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 10.9%. The primary growth factors driving this market include the increasing demand for real-time data, advancements in satellite technology, and growing applications across various sectors such as defense, agriculture, and environmental monitoring.

One of the major growth factors driving the satellite-based Earth observation market is the rapid advancement in satellite technology, including miniaturization and improved imaging capabilities. With the advent of high-resolution imaging and the development of small satellites, or CubeSats, the cost of deploying satellite constellations has significantly decreased. This has democratized access to satellite data, allowing a broader range of industries and smaller enterprises to leverage this technology for various applications, from precision agriculture to disaster management.

Another critical factor contributing to the market's growth is the increasing need for real-time and accurate data, especially in sectors such as defense and intelligence, weather forecasting, and environmental monitoring. Satellite-based Earth observation provides unparalleled capabilities in monitoring changes in the Earth's surface, tracking weather patterns, and assessing natural disasters. This real-time data is indispensable for government agencies, military operations, and organizations involved in climate research, making satellite observation an essential tool for decision-making and strategic planning.

The growing emphasis on environmental sustainability and resource management is also a significant driver for the satellite-based Earth observation market. As concerns about climate change, deforestation, and natural resource depletion escalate, there is a heightened need for accurate and timely data to monitor and mitigate these issues. Satellite-based Earth observation offers a unique vantage point to track changes in the environment, enabling better management of natural resources, monitoring of illegal activities such as deforestation, and assessment of the impacts of climate change.

In recent years, Space-Based Disaster Response has emerged as a crucial application of satellite-based Earth observation technologies. By providing real-time data and high-resolution imagery, satellites play a pivotal role in disaster management, enabling rapid assessment and response to natural calamities such as earthquakes, floods, and hurricanes. The ability to monitor affected areas from space allows for efficient allocation of resources and timely intervention, minimizing the impact on human lives and infrastructure. This application is particularly important in regions prone to frequent natural disasters, where quick and accurate information can significantly enhance emergency response efforts. As climate change continues to increase the frequency and intensity of such events, the demand for space-based solutions in disaster response is expected to grow, driving further advancements in satellite technology and data analytics.

Regionally, North America is expected to dominate the satellite-based Earth observation market, followed by Europe and the Asia Pacific. The United States, in particular, has a well-established space industry and substantial investments in satellite technology for defense and commercial applications. Europe is also investing heavily in satellite infrastructure through initiatives such as Copernicus, aimed at providing accurate and timely information for environmental monitoring. The Asia Pacific region, led by countries like China and India, is rapidly advancing in space technology, with increasing satellite launches and investments in Earth observation capabilities.

Technology Analysis

The satellite-based Earth observation market is segmented by technology into optical, radar, and others. Optical technology involves capturing images using visible light, whereas radar technology uses radio waves to produce images regardless of weather conditions or daylight. Other technologies may include thermal imaging and multispectral imaging.

Optical technology remains one of the most commonly used methods for satellite-based Earth observation. This technology provides high-resolution im

The global satellite-based earth observation market size reached USD 3.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.8 Billion by 2033, exhibiting a growth rate (CAGR) of 5.04% during 2025-2033. The increasing demand for accurate weather forecasting and environmental monitoring is stimulating the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 3.7 Billion
Market Forecast in 2033	USD 5.8 Billion
Market Growth Rate 2025-2033	5.04%

IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on solution and end user.

The Satellite-Based Earth Observation Market is projected to grow at a CAGR of around 9% during 2021-2026 says MarkNtel Advisors.

ASEAN Satellite-Based Earth Observation Market is Segmented by Type (Earth Observation Data, Value Added Services), Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit), End-Use (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure), and Country. The Market Sizes and Forecasts are Provided for A Value of USD for all the Above Segments.

The global satellite-based earth observation market reached approximately USD 7.21 Billion in 2024. The market is further projected to grow at a CAGR of 6.80% between 2025 and 2034, reaching a value of USD 13.92 Billion by 2034.

Earth Observation Market Outlook

The global Earth Observation market size was valued at approximately USD 4.5 billion in 2023 and is projected to reach around USD 9.8 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 9.1% over the forecast period. The significant growth factor driving this market includes the increasing demand for high-resolution satellite imagery and data analytics to support various applications across numerous industries, including agriculture, defense, and disaster management.

The rapid advancements in satellite technology and the integration of artificial intelligence and machine learning algorithms into Earth observation systems are major contributors to market growth. These technological advancements have not only improved the accuracy and functionality of Earth observation data but have also significantly reduced the costs associated with launching and maintaining satellite systems. Furthermore, the increasing reliance on satellite data for precision agriculture, environmental monitoring, and urban planning is expected to drive market expansion.

Another critical factor fueling the growth of the Earth Observation market is the rising awareness and emphasis on climate change and environmental sustainability. Governments and organizations worldwide are investing heavily in satellite technologies to monitor environmental changes, track deforestation, and predict natural disasters. This increased investment is not only coming from developed nations but also from emerging economies, which are recognizing the strategic importance of satellite data in mitigating climate-related risks and managing natural resources efficiently.

The growing need for disaster management and mitigation solutions is also propelling the Earth Observation market. Natural disasters, such as hurricanes, earthquakes, and floods, have devastating effects on human life and infrastructure. Earth observation satellites offer critical data for monitoring such events, predicting their occurrence, and planning effective response strategies. The ability to provide real-time data and high-resolution images enables better preparedness and quicker disaster response, thereby minimizing the impact of natural calamities.

Regionally, North America and Europe have been leading in terms of market share, driven by substantial investments in space and satellite technologies, as well as strong governmental support. However, the Asia Pacific region is expected to exhibit the highest growth rate over the forecast period, attributed to the increasing governmental initiatives and investments in space programs, especially in countries like China and India. Additionally, the rising commercialization of space in the region is anticipated to significantly contribute to market growth.

Solution Analysis

In the Earth Observation market, solutions can be broadly categorized into data and services. Data solutions encompass the collection, processing, and delivery of satellite imagery and related data, which are critical for various applications such as remote sensing and geographic information systems (GIS). With advancements in technology, the quality and resolution of satellite data have improved remarkably, making it a valuable asset for industries ranging from agriculture to defense. The demand for high-resolution imagery and real-time data is propelling the growth of this segment, as industries increasingly rely on accurate and timely information for decision-making and strategic planning.

Services in the Earth Observation market include data analytics, consulting, and support services. These services are essential for interpreting the vast amounts of data collected by satellites and transforming it into actionable insights. The analytics services, in particular, are witnessing robust growth due to the integration of AI and machine learning algorithms, which enhance the predictive capabilities of satellite data. Consulting services are also gaining traction as organizations seek expert advice on deploying satellite technologies and maximizing the utility of Earth observation data. As the adoption of satellite data expands across various sectors, the demand for comprehensive support and maintenance services is also on the rise.

The increasing need for real-time data and the growing adoption of cloud-based platforms are further boosting the services segment. Cloud technology enables the efficient storage, processing, and dissemination of large datasets, making it easier for users to access and utilize Earth observation data. The scalabil

Global Satellite-based Earth Observation Market is poised to witness substantial growth, reaching a value of USD 17.82 Billion by the year 2033, up from USD 8.39 Billion attained in 2024. The market is anticipated to display a Compound Annual Growth Rate (CAGR) of 8.73% between 2025 and 2033.

The Global Satellite-based Earth Observation market size to cross USD 17.82 Billion by 2033. [https://edi

Earth observation satellites leverage a wide array of sensors, including optical, radar, hyperspectral, and thermal sensors, enabling data capture across diverse wavelengths and modalities. These satellites operate in various orbits, including low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary orbit (GEO), offering a range of spatial and temporal resolutions. Key drivers for this market are: Rising demand for data-driven decision-making. Government initiatives and funding for space missions.. Potential restraints include: High cost of satellite development and launch. Dependence on government funding and regulations.. Notable trends are: Integration of artificial intelligence (AI) and machine learning (ML) for data analysis. Development of small satellites and constellations for cost-effective data acquisition..

The Argentina Satellite-Based Earth Observation Market report segments the industry into By Type (Earth Observation Data, Value Added Services), By Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit), and By End-Use (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure, Others). Get five years of historical data and five-year forecasts.