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Commercial Earth Observation (CEO) Market Size

Report ID: GMI6754
Published Date: Sep 2023
Report Format: PDF

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Commercial Earth Observation (CEO) Market Size

Commercial Earth Observation Market size was valued at USD 4.2 billion in 2022 and is anticipated to grow at a CAGR of over 8% by 2032 due to the increased collaboration between governments and private companies for satellite deployment & data sharing. Furthermore, the integration of Earth observation data with Artificial Intelligence (AI) and Machine Learning (ML) technologies is enhancing data analysis capabilities, opening up new opportunities in various applications. The increasing need for accurate geospatial data for urban planning, disaster management, and environmental protection. Also, technological advancements, such as the development of high-resolution satellites and AI-powered data analytics

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Commercial earth observation refers to the use of satellite technology, software, and related services to collect, process & analyze data about the Earth's surface, atmosphere, and oceans. This data is used for various applications including mapping & surveying, agriculture, environmental monitoring, natural resource exploration, security & intelligence, and more.

Commercial Earth Observation (CEO) Market Report Attributes
Report Attribute	Details
Base Year:	2022
Commercial Earth Observation (CEO) Market Size in 2022:	USD 4.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8%
2032 Value Projection:	USD 10 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	218
Segments covered:	Component, Application and Region
Growth Drivers:	Growing demand for geospatial information Advancements in satellite technology Environmental monitoring and climate change mitigation Expanding Commercial Space Sector Precision agriculture
Pitfalls & Challenges:	High cost of satellite development Data privacy concerns

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The high cost of satellite development, launch, and maintenance can limit the accessibility of Earth observation data for some organizations. The industry is highly competitive with numerous satellite operators vying for business share, leading to pricing pressures. Data privacy concerns and regulatory issues related to satellite imagery are other major factors that can impede industry gains.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

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 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.

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.

The major market players are Airbus S.A.S., The Boeing Company, and Thales Group.