Dublin, Nov. 26, 2020 (GLOBE NEWSWIRE) — The “Satellite-based Earth Observation Market – Growth, Trends, Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
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.
The use of the generated satellite images for various industries across diverse economic sectors and with a wide range of new applications, lower technology barriers, and the emergence of SMEs and