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The Commercial Earth Observation CEO market is highly competitive owing to the presence of key players such as
The agriculture segment generated around USD 1 billion in 2022 and is expected to witness a healthy growth rate from 2023 to 2032, owing to the wider use of Earth observation data for precision agriculture, crop monitoring, yield prediction, and sustainable land management.
Global market for commercial earth observation (CEO) was valued at USD 4.2 billion in 2022 and is anticipated to grow at a CAGR of over 8% between 2023 and 2032, on account of an increased collaboration between governments and private companies for satellite deployment & data sharing.
The major market players are Airbus S.A.S., The Boeing Company, and Thales Group.
North America held over 35% share in the CEO market in 2022, as the region, particularly the U.S., has a thriving commercial space industry with numerous satellite operators and launch providers, leading to an increase in the availability and affordability of CEO data.