In this blog post, we will explore statistics related to the Earth Observation industry, a rapidly growing sector that plays a crucial role in monitoring and understanding our planet. We will delve into key trends, market insights, and the impact of Earth Observation technologies on various industries. Join us as we uncover the fascinating world of Earth Observation through data and statistics.
The Latest Earth Observation Industry Statistics Explained
In 2019, the market size of Earth Observation industry reached USD 8.5 Billion and is projected to reach 10 Billion by 2026,
The statistic states that in 2019, the market size of the Earth Observation industry was valued at USD 8.5 billion and is forecasted to increase to USD 10 billion by the year 2026. This indicates that the industry is experiencing growth and expanding its market reach over time. The projected increase suggests a potential rise in demand for Earth Observation services and technologies in the coming years, reflecting an upward trend in the industry’s market value. This statistic provides valuable insight for stakeholders in the Earth Observation sector to understand the market dynamics and make informed decisions regarding investments, strategic planning, and resource allocation to capitalize on the industry’s growth potential.
The compound annual growth rate (CAGR) of the Earth Observation market from 2021-2027 is expected to be 5.9%,
The compound annual growth rate (CAGR) of 5.9% for the Earth Observation market from 2021 to 2027 signifies that on average, the market is projected to increase by 5.9% each year over this seven-year period. This growth rate takes into account the compounding effect, meaning that the market size will not grow at a steady rate but will rather increase exponentially over time. A CAGR of 5.9% suggests a healthy growth trajectory for the Earth Observation market, indicating that there is significant potential for expansion and market development in the coming years. This statistic is important for investors, businesses, and policymakers to understand the expected growth rate and make informed decisions regarding investments, strategies, and resource allocation in the Earth Observation industry.
Around 673 Earth Observation satellites were launched between 2006 -2020,
The statistic that around 673 Earth Observation satellites were launched between 2006 and 2020 highlights the significant growth in satellite technology for monitoring and studying the Earth’s surface during this time period. Earth Observation satellites are specifically designed to collect data about the Earth’s atmosphere, land, and oceans, providing valuable information for various purposes such as weather forecasting, environmental monitoring, urban planning, agriculture, and disaster management. The increasing number of satellite launches reflects the growing demand for accurate and timely Earth observation data for a wide range of applications across different sectors including science, government, and commercial industries.
About 2,000 more Earth Observation satellites are set to be launched by 2028,
The statistic “About 2,000 more Earth Observation satellites are set to be launched by 2028” indicates a significant increase in the number of satellites devoted to observing Earth from space for various purposes such as monitoring weather patterns, environmental changes, and natural disasters. This surge in satellite launches suggests a growing interest and investment in utilizing space technology for Earth monitoring, which can lead to improved data collection and analysis for scientific research, disaster response, and environmental management. The expansion of Earth Observation satellite networks is likely to enhance our understanding of Earth’s systems and provide valuable insights for tackling pressing global challenges.
Commercial revenues in Earth observation grew by 11% to reach $2.1 billion in 2019,
The statistic indicates that the commercial revenues generated within the Earth observation industry experienced substantial growth in 2019, with a notable 11% increase from the previous year. This growth resulted in a total revenue of $2.1 billion for the industry in 2019. The rise in commercial revenues suggests a growing demand for Earth observation services and data, likely driven by diverse sectors such as agriculture, urban planning, environmental monitoring, and disaster management. The increase in revenue reflects the industry’s expanding market and the increasing recognition of the value and applications of Earth observation data in addressing various societal and environmental challenges.
The volume of data generated by Earth Observation satellites is more than 16 terabytes every day,
The statistic pertaining to Earth Observation satellites generating over 16 terabytes of data daily highlights the vast amount of information collected from these satellites on a regular basis. Earth Observation satellites orbit the Earth and gather diverse data on various aspects of our environment, such as weather patterns, natural disasters, urban development, agriculture, and more. The sheer volume of data signifies the significant capability of these satellites to monitor and analyze Earth’s features and changes over time. However, it also underscores the challenge of managing and analyzing such massive amounts of data efficiently to derive insights and make informed decisions for scientific research, policymaking, and commercial applications. The statistic serves as a testament to the advanced technology and crucial role that Earth Observation satellites play in understanding and monitoring our planet.
The European Space Agency (ESA) funds almost one-third of the Earth Observation market,
The statistic stating that the European Space Agency (ESA) funds almost one-third of the Earth Observation market means that ESA is a major player in supporting and financing projects related to monitoring and observing various aspects of the Earth from space. This funding contribution indicates that ESA has a significant influence and investment in technologies, satellite missions, research, and data collection related to Earth Observation. By supporting such a large portion of the market, ESA plays a crucial role in advancing our understanding of the planet, addressing environmental challenges, and promoting scientific research and innovation in the field of Earth Observation.
Copernicus, the Earth Observation Programme of the European Union, generates over 12 terabytes of free data daily,
The statistic provided indicates that the Copernicus Earth Observation Programme of the European Union produces a substantial amount of data on a daily basis, specifically generating over 12 terabytes of data that is freely available to the public. This significant volume of data encompasses a range of observations and measurements of Earth’s various environmental aspects, such as land use, atmospheric conditions, and climate patterns. The availability of such vast quantities of data offers valuable insights for researchers, policymakers, businesses, and the general public to monitor and understand changes in the Earth’s ecosystem, support decision-making processes, and facilitate the development of solutions for environmental challenges. The accessibility of this free data contributes to promoting transparency, collaboration, and innovation in addressing global issues related to sustainability and climate change.
Within the period of COVID-19 lockdowns, satellite data was referenced by the media over 2,000 times,
The statistic “Within the period of COVID-19 lockdowns, satellite data was referenced by the media over 2,000 times” indicates the significant role that satellite data played in informing and shaping media discussions during the COVID-19 lockdowns. Satellite data likely provided valuable insights and visualizations on various aspects related to the pandemic, such as monitoring changes in human activity patterns, assessing the impact of lockdown measures on environmental factors, or tracking the spread of the virus. The high frequency of media references to satellite data demonstrates the widespread recognition of its importance in helping the public understand and navigate the complex challenges brought about by the global health crisis.
UAVs (Drones) as Earth Observation tools are projected to be a $1.14 billion market by 2025,
The statistic stating that Unmanned Aerial Vehicles (UAVs), also known as drones, are projected to comprise a $1.14 billion market by 2025 indicates the significant growth and adoption of UAVs as Earth Observation tools. This projection suggests a rapidly expanding market for UAV technology specifically utilized for Earth Observation purposes, such as monitoring environmental changes, conducting surveys, and collecting spatial data. This growth can be attributed to the increasing recognition of the efficiency, cost-effectiveness, and convenience of UAVs in performing diverse Earth Observation tasks across various industries, including agriculture, environmental conservation, urban planning, and disaster management. Overall, this statistic underscores the immense potential and market demand for UAVs in transforming the field of Earth Observation in the coming years.
82.5% of Earth Observation datasets are generated by Government agencies,
The statistic that 82.5% of Earth Observation datasets are generated by Government agencies indicates that a large majority of the data used for monitoring and analyzing the Earth’s various systems and phenomena, such as weather patterns, land use, and natural disasters, is collected and processed by governmental entities. This suggests that governments play a significant role in Earth Observation efforts, likely due to their resources, infrastructure, and mandates for monitoring and managing environmental issues. The reliance on government-generated data underscores the importance of public sector involvement in Earth Observation initiatives, highlighting the need for collaboration between governments, research institutions, and other stakeholders to effectively address global environmental challenges.
Agriculture applications hold a 60% market share in the Earth Observation Market as of 2019,
The statistic that agriculture applications hold a 60% market share in the Earth Observation Market as of 2019 indicates that a significant portion of the market for utilizing satellite images and data to monitor the Earth’s surface is dominated by applications related to agriculture. This suggests that farmers, agricultural businesses, and related industries are the primary users of Earth observation technology for purposes such as crop monitoring, precision agriculture, yield estimation, and environmental impact assessment. The high market share held by agriculture applications underscores the importance and widespread adoption of Earth observation technology in the agricultural sector, highlighting its role in improving agricultural productivity, sustainability, and decision-making processes.
Google has acquired over 93 million square kilometres of high resolution, cloud-free satellite images,
The statistic “Google has acquired over 93 million square kilometres of high resolution, cloud-free satellite images” indicates that Google has collected a substantial amount of satellite imagery data covering a vast area globally without cloud obstruction. This information suggests that Google has invested resources in acquiring high-quality images from satellites to enhance its mapping and Earth observation services. With a coverage area of 93 million square kilometres, Google’s repository of satellite images is likely extensive and offers detailed visual data that can be used for a variety of applications, such as mapping, environmental monitoring, urban planning, disaster response, and more. The availability of cloud-free images further enhances the utility of this dataset for various analytical purposes.
The largest Earth Observation satellite, Envisat, weighs 8,211 kgs,
The statistic that the largest Earth Observation satellite, Envisat, weighs 8,211 kgs indicates the massive scale and weight of this satellite. Envisat is designed to observe and monitor various aspects of the Earth’s environment, such as oceans, atmosphere, and land surfaces, making it crucial for scientific research and environmental monitoring. The substantial weight of 8,211 kgs highlights the advanced technology and instrumentation used in Envisat to collect and transmit valuable data for applications like climate change research, natural disaster monitoring, and resource management. This statistic underscores the significance and capabilities of Envisat in contributing to our understanding of Earth’s systems and the environment.
Conclusion
The Earth Observation Industry is rapidly growing and evolving, with increasing demand for geospatial data and technologies. The statistics presented in this blog post highlight the significant role the industry plays in various sectors such as agriculture, climate monitoring, disaster management, and urban planning. As technology continues to advance and new applications emerge, the Earth Observation Industry is poised for continued expansion and innovation in the years to come.
References
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