Satellite Based EO Market Report 2025 (Global Edition)

Global Satellite Based EO Market Report 2025 Market Size Split by Product Type Outlook: (EO Data, Value-Added Services), by Satellite Orbit Outlook: (Low Earth Orbit, Medium Earth Orbit, Geostationary...

Satellite Based EO Market Report Description

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Competitive Landscape of the Satellite-Based EO Market

The satellite-based Earth Observation (EO) market is highly competitive, with key players ranging from established aerospace companies to specialized startups. Major industry players include companies like Airbus Defence and Space, Maxar Technologies, and Planet Labs, which dominate the sector with their advanced satellite constellations offering high-resolution imagery and data analytics services. These companies leverage strong technological capabilities and extensive infrastructure to provide services in areas like agriculture, defense, urban planning, and environmental monitoring.

In July 2023, Israel Aerospace Industries (IAI) launched Singapore's DS-SAR radar satellite. The satellite consists of a synthetic aperture radar sensor payload designed for the collection of a wide range of data in terms of both coverage and resolution, day and night, and under all weather conditions. The satellite will be utilized for maritime surveillance with Singapore's Ministry of Defense Sand Technology Agency. The satellite provides commercial services through ST electronics with TELEOS 1 earth observation. (Source: https://news.satnews.com/2023/07/31/isro-the-pslv-c56-ds-sar-mission-successfully-accomplished/ ) In May 2023, Airbus SE obtained a geospatial commission pilot project to deliver high-resolution satellite imagery to the public sector in the UK. In addition, more than 100 users in up to 35 public sector organizations within the UK Government will get access to Airbus Earth observation, which includes full mosaic coverage of the entire country with excellent pixel quality and very little cloud cover. (Source: https://space-solutions.airbus.com/newsroom/news/various/airbus-secures-geospatial-commission-earth-observation-data-pilot/ )

Top Companies Market Share in Satellite Based EO Industry: (In no particular order of Rank)

• Israel Aerospace Industries Ltd.
• Capella Space
• Maxar Technologies
• BlackSky
• Lockheed Martin Corporation
• ICEYE
• Raytheon Technologies Corporation
• Thales Group
• Planet Labs PBC
• Boeing
• Airbus SE
• SkyWatch Space Applications Inc.
• Mitsubishi Electric Corporation
• L3Harris Technologies Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Satellite-Based EO Market

Which Region Dominates the Satellite-Based EO Market in 2024?

According to Cognitive Market Research, North America currently dominates the Satellite EOs market, and the region is expected to have advancements in satellite technology, increasing demand for geospatial data, and government investments in space exploration. The US holds a dominant position in the market due to its robust space industry, with organizations like NASA and private players such as SpaceX and Blue Origin contributing to the region's leadership. The region benefits from a well-established infrastructure for data processing and analytics, with key industries such as agriculture, defense, environmental monitoring, and urban planning leveraging EO data for various applications. Canada also plays a vital role, particularly in environmental monitoring and disaster management, where EO data aids in tracking climate change, forest health, and natural resource management.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). There is an increasing demand for remote sensing data across various industries, such as agriculture, environmental monitoring, urban planning, and disaster management. Countries like China, India, Japan, and South Korea are leading the market due to their large-scale investments in space technology and EO infrastructure. China has been rapidly expanding its satellite capabilities, with a focus on improving its space program for applications such as climate monitoring, resource management, and infrastructure development. India, with its robust space agency ISRO, continues to enhance its EO satellite capabilities to support agriculture, rural development, and disaster response.

The current report Scope analyzes Satellite Based EO Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Satellite Based EO Market Analysis

According to Cognitive Market Research, the global Satellite Based EO Market size was estimated at USD 4124.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1649.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Satellite-Based EO Market with a market size of USD 1301.72 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The US market's Rising demand for environmental monitoring to address climate change and natural disasters.
• The Canada Satellite-Based EO Market had a market share of USD 197.98 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada’s Advancements in satellite technology enabling higher resolution and more frequent data capture
• The Mexico Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.7% during the forecast period, with a market size of USD 150.14 million in 2024.

Europe Satellite Based EO Market Analysis

According to Cognitive Market Research, the global Satellite Based EO Market size was estimated at USD 4124.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1237.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Satellite-Based EO Market had a market share of USD 207.88 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Satellite EO has a Growing need for geospatial data in agriculture, forestry, and land use management.
• The France Satellite-Based EO Market is projected to witness Growth at a CAGR of 4.7% during the forecast period, with a market size of USD 113.84 million in 2024.
• According to Cognitive Market Research, the German Satellite EO Market size was valued at USD 245.00 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Satellite EO is Increasing government investments in satellite EO infrastructure for national security and public services.
• The Italy Satellite-Based EO Market is projected to witness Growth at a CAGR of 4.9% during the forecast period, with a market size of USD 106.41 million in 2024.
• The Russia Satellite-Based EO Market is projected to witness Growth at a CAGR of 4.5% during the forecast period, with a market size of USD 191.79 million in 2024.
• The Spain Satellite-Based EO Market is projected to witness Growth at a CAGR of 4.6% during the forecast period with a market size of USD 101.47 million in 2024
• The Luxembourg Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.6% during the forecast period, with a market size of USD 38.36 million in 2024.
• The Portugal Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.3% during the forecast period, with a market size of USD 25.98 million in 2024.
• The Greece Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.8% during the forecast period, with a market size of USD 14.85 million in 2024.
• The Rest of Europe's Satellite-Based EO Market is projected to witness Growth at a CAGR of 4.2% during the forecast period, with a market size of USD 161.79 million in 2024.

Asia Pacific Satellite Based EO Market Analysis

According to Cognitive Market Research, the global Satellite Based EO Market size was estimated at USD 4124.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 948.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Satellite Based EO Market size was valued at USD 426.90 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Satellite-Based EO Development of new satellite constellations improving global coverage and data accessibility.
• The Japan Satellite-Based EO Market is projected to witness Growth at a CAGR of 7.5.5% during the forecast period, with a market size of USD 130.91 million in 2024.
• The India Satellite-Based EO Market had a market share of USD 113.84 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's Integration of AI and Machine Learning for Enhanced Data Analytics and Decision-making.
• The South Korean Satellite-Based EO Market is projected to witness Growth at a CAGR of 8.1% during the forecast period, with a market size of USD 94.87 million in 2024.
• The Australian Satellite-Based EO Market is projected to witness Growth at a CAGR of 8.7% during the forecast period, with a market size of USD 49.33 million in 2024.
• The South East Asia Satellite-Based EO Market is projected to witness Growth at a CAGR of 10.0% during the forecast period, with a market size of USD 65.46 million in 2024.
• The Rest of Asia Pacific Satellite-Based EO Market is projected to witness Growth at a CAGR of 8.8% during the forecast period, with a market size of USD 67.35 million in 2024.

South America Satellite Based EO Market Analysis

According to Cognitive Market Research, the global Satellite Based EO Market size was estimated at USD 4124.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 206.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Satellite EO Market size was valued at USD 88.27 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Satellite-Based EOs Emerging commercial applications for EO data in sectors like energy, mining, and transportation.
• Argentina's Satellite-Based EO Market had a market share of USD 34.65 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's Growth in the number of private companies offering EO services creates more competition and innovation.
• Colombia Satellite-Based EO Market is projected to witness Growth at a CAGR of 6.2% during the forecast period, with a market size of USD 18.35 million in 2024.
• Peru Satellite-Based EO Market is projected to witness Growth at a CAGR of 6.6% during the forecast period, with a market size of USD 16.91 million in 2024.
• Chile Satellite-Based EO Market is projected to witness Growth at a CAGR of 6.7% during the forecast period, with a market size of USD 14.85 million in 2024.
• The Rest of Latin America's Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.5% during the forecast period, with a market size of USD 33.20 million in 2024.

Middle East Satellite Based EO Market Analysis

According to Cognitive Market Research, the global Satellite Based EO Market size was estimated at USD 4124.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 82.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Satellite-Based EO Market is projected to witness Growth at a CAGR of 7.5% during the forecast period, with a market size of USD 35.31 million in 2024. Satellite-based EO government regulations and policies promote sustainable development and environmental protection.
• The Egypt Satellite-Based EO Market is projected to witness Growth at a CAGR of 7.0% during the forecast period, with a market size of USD 8.66 million in 2024.
• The South Africa Satellite-Based EO Market is projected to witness Growth at a CAGR of 7.7% during the forecast period, with a market size of USD 13.03 million in 2024. Satellite-Based EO: There is an increasing reliance on EO data for disaster management and emergency response systems.
• The Turkey Satellite-Based EO Market is projected to witness Growth at a CAGR of 6.2% during the forecast period, with a market size of USD 7.09 million in 2024.
• The Nigeria Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.8% during the forecast period, with a market size of USD 8.66 million in 2024.
• The Rest of the MEA Satellite-Based EO Market is projected to witness Growth at a CAGR of 5.7% during the forecast period, with a market size of USD 9.73 million in 2024.

Satellite Based EO Market Analysis

How are Segments Performing in the Global Satellite Based EO Market?

Satellite Based EO Market Product Type Segment Analysis

According to Cognitive Market Research, EO data can include imagery, spectral data, and geospatial information that are essential for monitoring the Earth's surface. This data is critical for applications like land use/land cover mapping, disaster management, and climate change studies. With advancements in satellite technology, EO data quality and resolution have improved significantly, making it more valuable for detailed analysis.

The VAS includes services such as data analytics, data fusion, geospatial intelligence, and customized reporting. These services cater to specific user needs and provide targeted solutions for decision-making in sectors like agriculture, forestry, urban planning, and infrastructure management. As demand for precise and context-specific information increases, the VAS market is expected to grow rapidly, driven by the need for tailored solutions and predictive analytics.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Satellite Based EO Industry. Request a Free Sample PDF!

Satellite Based EO Market Satellite Orbit Segment Analysis

According to Cognitive Market Research, the LEOs are typically positioned between 160 to 2,000 kilometers above the Earth's surface. This orbit is favored for high-resolution imagery due to its proximity to Earth. It is ideal for applications requiring detailed data, such as environmental monitoring, urban planning, agriculture, and disaster management. LEO satellites are more cost-effective to deploy and maintain, and they provide quicker revisit times, which are beneficial for real-time data collection. However, their coverage area is smaller compared to MEO.

In the Satellite-Based EO Market, the Satellites in MEO are located between 2,000 and 35,786 kilometers above the Earth. This orbit offers broader coverage and is typically used for applications like telecommunications, navigation, and weather monitoring. MEO satellites have longer lifespans compared to LEO satellites, and their lower signal delay makes them suitable for medium- to large-scale EO applications. However, they have lower resolution than LEO satellites due to their greater distance from Earth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Satellite Based EO End-use Outlook: Segment Analysis

Satellite-Based EO Market End-use Segment Analysis

According to Cognitive Market Research, The defense sector, EO satellites provide critical real-time data for surveillance, reconnaissance, and national security. They help monitor borders, track enemy movements, and assist in disaster response. Military forces use EO data for mapping, terrain analysis, and identifying potential threats. The increasing reliance on satellite technologies to enhance defense capabilities, alongside geopolitical tensions, is driving Growth in this segment.

In the Satellite-Based EO Market, the EO satellites play a vital role in urban planning and smart city development. Satellite imagery aids in mapping infrastructure, monitoring urban expansion, and assessing land use patterns. This data assists urban planners in decision-making regarding transportation, housing, and environmental sustainability. With rapid urbanization, there is growing demand for high-resolution satellite imagery to improve urban development strategies and optimize resource management.

• Defense
• Urban Development & Cultural Heritage
• Agriculture
• Climate Services
• Energy and Raw Materials
• Infrastructure
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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