The Journal of Space Commerce

The Journal of Space Commerce

Satellite-Based Earth Observation Market Poised for Growth

Forecast CAGR Predicted to Exceed 10.6 Percent

Tom Patton's avatar
Tom Patton
Dec 04, 2024
∙ Paid

The satellite-based earth observation market size is forecast to increase by $7.60 billion, at a CAGR of 10.67% between 2023 and 2028, according to a new report from Technavio. The market sees growth fueled by the increasing use of satellites for advanced environmental monitoring, crucial in disaster management and resource conservation efforts.

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