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The satellite-based earth observation market share in Europe is expected to increase by USD 308.60 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.38%.
This satellite-based earth observation market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers satellite-based earth observation market in Europe segmentation by type (VAS and data), application (urban development and cultural heritage, energy and raw materials, climate, Agriculture, and others), and geography (Russian Federation, UK, and Rest of Europe). The satellite-based earth observation market in Europe report also offers information on several market vendors, including ACRI-ST, Airbus SE, Assimila Ltd., BMT Group Ltd., CGI Inc., cloudeo AG, EarthDaily Analytics, ImageSat International, Maxar Technologies Inc., and Thales Group among others.
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The growing use of satellites for environmental monitoring is notably driving the satellite-based earth observation market growth in Europe, although factors such as competition from alternative technologies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the satellite-based earth observation industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Satellite-based Earth Observation Market Driver in Europe
The growing use of satellites for environmental monitoring is one of the key drivers supporting the satellite-based earth observation market growth in Europe. Satellite-based earth observation is used for various applications, including the observation and monitoring of GHG emissions, deforestation, changes in polar ice, wildfires, and coral bleaching. Advances in sensing and imaging technologies in the past decade have led to the development of superior observation satellites for environmental monitoring. These satellites provide higher-resolution /images and allow for the measurement of several metrics. Similarly, The EU Earth Observation Programme, also called Copernicus, provides data and services for monitoring the atmosphere, marine environment, and land and climate changes. Such advanced technologies are expected to drive market growth during the forecast period.
Key Satellite-based Earth Observation Market Trend in Europe
The growing demand for small satellites is another factor supporting the satellite-based earth observation market growth in Europe. Small satellites are used by a wide variety of organizations, ranging from governments to private corporations to scientific foundations, for specific applications such as weather observations and mineral exploration. The growing adoption of small constellation satellites is expected to provide new opportunities for the satellite-based earth observation market in Europe in the coming years. For instance, in H2 2021, the ESA planned to put the world's first wooden satellite, WISA Woodsat, which is a nanosatellite, in Earth's orbit. The mission of this satellite is to test the applicability of wooden materials like plywood in spacecraft structures and expose it to extreme space conditions, such as heat, cold, vacuum, and radiation, for an extended period of time. Such increasing demand for small satellites will drive market growth during the forecast period.
Key Satellite-based Earth Observation Market Challenge in Europe
Competition from alternative technologies is one of the factors hindering the satellite-based earth observation market growth in Europe. With major enterprises, including Google and World View Enterprises, and startups, such as Zero 2 Infinity, investing in the R&D of high-altitude balloons, the threat against satellite-based earth observation is expected to increase. On the other hand, the rapid growth of UAVs is driven by their adoption in various application fields and the considerable venture capital funding in the past few years. The companies are increasingly focusing on the same end-user segments as satellite-based earth observation vendors. These end-user segments include construction, agriculture, environment monitoring, mining, and the oil and gas industry. Moreover, drones have also been used for earth observation applications such as archeological surveying, climate studies, and storm and traffic monitoring. Such applications of alternative technologies will negatively impact the market growth during the forecast period.
This satellite-based earth observation market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the satellite-based earth observation market in Europe as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the satellite-based earth observation market in Europe during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the satellite-based earth observation market in Europe encompasses successful business strategies deployed by the key vendors. The satellite-based earth observation market in Europe is concentrated and the vendors are deploying growth strategies such as reducing pricing pressures by venturing into the newer high VAS segment to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The satellite-based earth observation market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the satellite-based earth observation market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global aerospace and defense market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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68% of the market's growth will originate from Rest of Europe during the forecast period. Rest of Europe is the key market for satellite-based earth observation market in Europe. Market growth in this region will be faster than the growth of the market in the Russian Federation.
Another key region offering significant growth opportunities to the vendors is the Russian Federation. The need to replace older satellites and launch newer earth observation satellites to gather high-resolution /imagery will facilitate the satellite-based earth observation market growth in Russian Federation over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic disrupted the normal operation of various industries such as aerospace and defense in the country. However, since Q3 2020, a few companies have resumed operations in compliance with health and safety protocols. Therefore, the resumption of operations in the regional aerospace industry is expected to lead to an increase in the production of satellite systems. This will, in turn, influence the commercial satellite imaging market in the Russian Federation during the forecast period.
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The satellite-based earth observation market in Europe's share growth by the VAS segment will be significant during the forecast period. The value-added services (VAS) segment of the satellite-based earth observation market in Europe is quite fragmented. It comprises around 350-450 companies, a large majority of which are small- and micro-scale startups. The segment is expected to witness rapid growth during the forecast period due to the increasing adoption of VAS among private companies and organizations. Meanwhile, government agencies and the defense sector use satellite-based earth observation VAS for applications such as defense applications, city planning, weather forecasting, forestry mapping, and pollution monitoring. Such applications are driving the segment growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the satellite-based earth observation market size in Europe and actionable market insights on post COVID-19 impact on each segment.
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Satellite-based Earth Observation Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.38% |
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Market growth 2022-2026 |
$ 308.60 million |
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Market structure |
Concentrated |
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YoY growth (%) |
6.28 |
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Regional analysis |
Europe |
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Performing market contribution |
Rest of Europe at 68% |
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Key consumer countries |
Russian Federation, UK, and Rest of Europe |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ACRI-ST, Airbus SE, Assimila Ltd., BMT Group Ltd., CGI Inc., cloudeo AG, EarthDaily Analytics, ImageSat International, Maxar Technologies Inc., and Thales Group |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
2.2 Value Chain Analysis
Exhibit 10: Value chain analysis: Aerospace and defense market
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Marketing and sales
2.2.5 Aftermarket and service
2.2.6 Industry innovation
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Europe - Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Europe market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5. Market Segmentation by Application
5.1 Market segments
Exhibit 22 :Application - Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 23: Comparison by Application
5.3 Bottles - Market size and forecast 2021-2026
Exhibit 24: Urban development and cultural heritage - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Urban development and cultural heritage - Year-over-year growth 2021-2026 (%)
5.4 Energy and raw materials - Market size and forecast 2021-2026
\Exhibit 26: Energy and raw materials - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Energy and raw materials - Year-over-year growth 2021-2026 (%)
5.5 Climate - Market size and forecast 2021-2026
Exhibit 28: Climate - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Climate - Year-over-year growth 2021-2026 (%)
5.6 Agriculture - Market size and forecast 2021-2026
Exhibit 30: Agriculture - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Agriculture - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 32: Others - Market size and forecast 2021-2026 ($ million)
5.7.1 Insurance
5.7.2 Disaster management
5.7.3 Transport and logistics
5.7.4 Living resources
5.7.5 Telecommunication and utilities
Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by Application
Exhibit 34: Market opportunity by Application
6. Market Segmentation by Type
6.1 Market segments
Exhibit 35 : Type- Market share 2020-2025 (%)
6.2 Comparison by Type
Exhibit 36: Comparison by Type
6.3 VAS - Market size and forecast 2021-2026
Exhibit 37: VAS - Market size and forecast 2021-2026 ($ million)
Exhibit 38: VAS - Year-over-year growth 2021-2026 (%)
6.4 Data - Market size and forecast 2021-2026
Exhibit 39: Data- Market size and forecast 2021-2026 ($ million)
Exhibit 40: Data - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Type
Exhibit 41: Market opportunity by Type
7. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 42: Customer landscape
8. Geographic Landscape
8.1 Geographic segmentation
Exhibit 43: Market share by geography 2021-2026 (%)
8.2 Geographic comparison
Exhibit 44: Geographic comparison
8.3 Russian Federation - Market size and forecast 2021-2026
Exhibit 45: Russian Federation - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Russian Federation - Year-over-year growth 2021-2026 (%)
8.4 UK - Market size and forecast 2021-2026
Exhibit 47: UK - Market size and forecast 2021-2026 ($ million)
Exhibit 48: UK - Year-over-year growth 2021-2026 (%)
8.5 Rest of Europe - Market size and forecast 2021-2026
Exhibit 49: Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 50: Rest of Europe - Year-over-year growth 2021-2026 (%)
8.6 Market opportunity by geography
Exhibit 51: Market opportunity by geography ($ million)
9. Drivers, Challenges, and Trends
9.1 Market drivers
9.1.1 Growing use of satellites for environmental monitoring
9.1.2 Resurge in spending on space programs and entry of private players
9.1.3 Advances in satellite earth observation technologies
9.2 Market challenges
9.2.1 Competition from alternative technologies
9.2.2 High cost of satellite infrastructure
9.2.3 Regulatory hurdles and interoperability issues
Exhibit 52: Impact of drivers and challenges
9.3 Market trends
9.3.1 Growing demand for small satellites
9.3.2 Use of AI in satellite-based earth observation
9.3.3 Increased use of satellite-based earth observation in transportation and disaster management
9.3.4 Big data in satellite-based earth observation
10. Vendor Landscape
10.1 Overview
Exhibit 53: Vendor landscape
10.2 Landscape disruption
Exhibit 54: ?Landscape disruption?
Exhibit 55: Industry Risk
11. Vendor Analysis
11.1 Vendors Covered
Exhibit 56: Vendor Landscape
11.2 Market positioning of vendors
Exhibit 57: ?Market positioning of vendors?
11.3 ACRI-ST
Exhibit 58: ACRI-ST - Overview
Exhibit 59: ACRI-ST - Product and service
Exhibit 60: ACRI-ST - Key offerings
11.4 Airbus SE
Exhibit 61: Airbus SE - Overview
Exhibit 62: Airbus SE - Business segments
Exhibit 63: Airbus SE - Key News
Exhibit 64: Airbus SE - Key offerings
Exhibit 65: Airbus SE - Segment focus
11.5 Assimila Ltd.
Exhibit 66: Assimila Ltd. - Overview
Exhibit 67: Assimila Ltd. - Product and service
Exhibit 68: Assimila Ltd. - Key offerings
11.6 BMT Group Ltd.
Exhibit 69: BMT Group Ltd. - Overview
Exhibit 70: BMT Group Ltd. - Product and service
Exhibit 71: BMT Group Ltd. - Key offerings
11.7 CGI Inc.
Exhibit 72: CGI Inc. - Overview
Exhibit 73: CGI Inc. - Business segments
Exhibit 74: CGI Inc. - Key News
Exhibit 75: CGI Inc. - Key offerings
Exhibit 76: CGI Inc. - Segment focus
11.8 cloudeo AG
Exhibit 77: cloudeo AG - Overview
Exhibit 78: cloudeo AG - Product and service
Exhibit 79: cloudeo AG - Key offerings
11.9 EarthDaily Analytics
Exhibit 80: EarthDaily Analytics - Overview
Exhibit 81: EarthDaily Analytics - Product and service
Exhibit 82: EarthDaily Analytics - Key News
Exhibit 83: EarthDaily Analytics - Key offerings
11.10 ImageSat International
Exhibit 84: ImageSat International - Overview
Exhibit 85: ImageSat International - Product and service
Exhibit 86: ImageSat International - Key News
Exhibit 87: ImageSat International - Key offerings
11.11 Maxar Technologies Inc.
Exhibit 88: Maxar Technologies Inc. - Overview
Exhibit 89: Maxar Technologies Inc. - Business segments
Exhibit 90: Maxar Technologies Inc. - Key News
Exhibit 91: Maxar Technologies Inc. - Key offerings
Exhibit 92: Maxar Technologies Inc. - Segment focus
11.12 Thales Group
Exhibit 93: Thales Group - Overview
Exhibit 94: Thales Group - Business segments
Exhibit 95: Thales Group - Key offerings
Exhibit 96: Thales Group - Segment focus
12. Appendix
12.1 Scope of the report
12.1.1 ????Market definition
12.1.2 ????Objectives
12.1.3 ????Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 97: ?Currency conversion rates for US$?
12.3 Research Methodology
Exhibit 98: ?Research Methodology
Exhibit 99: ??Validation techniques employed for market sizing?
Exhibit 100: ??Information sources
12.4 List of abbreviations
Exhibit 101: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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