Global $4.42 Billion Satellite-based Earth Observation Market to 2025
Major Players are Airbus Defense and Space, MDA,
UrtheCast, and Harris.
November 26, 2020 06:53 ET | Source:
Research and Markets https://bit.ly/3qSiswv; https://bit.ly/3AvhHOh
The global satellite-based Earth observation market was valued at USD 2,743.6 million in 2019, and it is expected to reach USD 4,427.2 million by 2025, registering a CAGR of 8.5% during 2020-2025. Earth observation based on satellite offers value-added solutions to the businesses regarding the technical process, asset, and data management, which is likely to boost the market growth. Enhancement of equipment for geographical information and image processing has led to enormous improvisation in the performance and price of the tools, owing to which the adoption rate is increasing, thereby fueling the market.