Global Satellite-based Earth Observation Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

EO Data and Value-Added Services.

By Satellite Orbit;

Low Earth Orbit, Medium Earth Orbit, and Geostationary Orbit.

By Application;

Data and VAS.

By End-User Vertical;

Defense & Intelligence, Infrastructure & Engineering, Agriculture, Energy & Power, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn106782842 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Satellite-based Earth Observation Market (USD Million), 2021 - 2031

In the year 2024, the Global Satellite-based Earth Observation Market was valued at USD 7,115.86 million. The size of this market is expected to increase to USD 11,728.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.4%.

The Global Satellite-based Earth Observation Market is a rapidly evolving sector driven by the increasing demand for real-time, high-resolution data across various industries. Earth observation (EO) satellites play a crucial role in monitoring environmental changes, assessing natural disasters, supporting agricultural planning, and strengthening national security. Governments, space agencies, and private companies are investing heavily in satellite technology to enhance data collection and analysis. As a result, the market is witnessing steady growth, fueled by advancements in remote sensing, artificial intelligence (AI), and big data analytics.

The rising adoption of satellite-based Earth observation services in diverse sectors such as agriculture, forestry, defense, maritime surveillance, and urban planning is a key driver of market expansion. These satellites provide critical insights into weather patterns, climate change, and resource management, enabling organizations to make informed decisions. Additionally, the growing need for real-time geospatial data in disaster response and infrastructure development has led to an increase in government collaborations and private sector investments in EO satellite programs. The introduction of cost-effective small satellites and advancements in sensor technologies have further enhanced the accessibility and affordability of Earth observation services.

Technological innovations such as high-resolution imaging, hyperspectral sensors, and AI-driven image processing are transforming the capabilities of EO satellites. The integration of cloud computing and machine learning algorithms allows for more efficient data processing, analysis, and distribution. Moreover, the commercialization of space activities and the entry of private players, including companies like SpaceX, Planet Labs, and Maxar Technologies, have intensified competition and led to the rapid deployment of satellite constellations. This trend has significantly reduced data acquisition costs while improving the quality and frequency of satellite imagery, making Earth observation more accessible to businesses and governments worldwide.

Despite the market's promising growth, challenges such as high initial investment costs, stringent regulatory frameworks, and concerns over data privacy remain significant hurdles. Additionally, the increasing volume of satellite-generated data requires robust storage and processing infrastructure, which can be a challenge for developing economies. However, ongoing innovations in satellite miniaturization, cloud-based geospatial analytics, and the emergence of public-private partnerships are expected to address these challenges, further propelling the Global Satellite-based Earth Observation Market forward in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Satellite Orbit
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User Vertical
    5. Market Snapshot, By Region
  4. Global Satellite-based Earth Observation Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Geospatial Data and Analytics
        2. Increasing Government and Defense Investments
        3. Rising Applications in Climate Monitoring and Disaster Management
      2. Restraints
        1. Regulatory and Data Privacy Concerns
        2. Technical Challenges in Data Processing and Integration
        3. Limited Access to High-Resolution Data Due to Government Restrictions
      3. Opportunities
        1. Emerging Small Satellite and CubeSat Technologies
        2. Growing Private Sector Participation and Commercialization of EO Services
        3. Integration of AI, Machine Learning, and Cloud Computing for Advanced Analytics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Satellite-based Earth Observation Market, By Product Type, 2021 - 2031 (USD Million)
      1. EO Data
      2. Value-Added Services
    2. Global Satellite-based Earth Observation Market, By Satellite Orbit, 2021 - 2031 (USD Million)
      1. Low Earth Orbit
      2. Medium Earth Orbit
      3. Geostationary Orbit
    3. Global Satellite-based Earth Observation Market, By Application, 2021 - 2031 (USD Million)
      1. Data
      2. VAS
    4. Global Satellite-based Earth Observation Market, By End-User Vertical, 2021 - 2031 (USD Million)
      1. Defense & Intelligence
      2. Infrastructure & Engineering
      3. Agriculture
      4. Energy & Power
      5. Other
    5. Global Satellite-based Earth Observation Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Antrix Corp. Ltd.
      2. BAE Systems Plc
      3. Eagle View Technologies Inc.
      4. EarthDaily Analytics
      5. Geoimage
      6. Global Surface Intelligence Ltd.
      7. Imagesat International I.S.I Ltd.
      8. Kleos Space S.A
      9. L3Harris Technologies Inc.
      10. Lockheed Martin Corp.
      11. Maxar Technologies Inc.
      12. Northrop Grumman Corp.
      13. OHB SE
  7. Analyst Views
  8. Future Outlook of the Market