Satellite based EO

Satellite based EO

Global Satellite-Based Earth Observation (EO) Market to Reach $4.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Satellite-Based Earth Observation (EO) estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027. Energy & Power, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Agriculture segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $974.8 Million, While China is Forecast to Grow at 3.2% CAGR

The Satellite-Based Earth Observation (EO) market in the U.S. is estimated at US$974.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$753.5 Million by the year 2027 trailing a CAGR of 3.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Infrastructure & Engineering Segment to Record 4.7% CAGR

In the global Infrastructure & Engineering segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$354.1 Million in the year 2020 will reach a projected size of US$491.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 14 Featured) -

• AIRBUS SAS
• Deimos Imaging
• DigitalGlobe
• e-GEOS S.P.A
• Hisdesat Servicios Estrategicos, S.A.
• ImageSat International NV
• Planet Labs, Inc.
• PlanetiQ
• Thales Alenia Space

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