24/7 Customer Support

Australia Earth Observation Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Australia Earth Observation Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

  • Published On: 06-Jun-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0622257
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

The Australia Earth Observation (EO) Market was valued at US$ 50.58 Mn in 2021.

Earth observation data, collected with the use of satellites carrying imaging devices, is used to monitor, measure, and understand the status of (and changes in) the natural and manmade environment.

According to CSIRO, the Australian government currently spends around $100 million per annum on earth observation from space and associated data processing.

The Australia Earth Observation (EO) Market is projected to expand at a CAGR of 3.5% during the forecast period. 

The various segmentations considered to analyze the Australia Earth Observation (EO) Market are based on product type, technology, and end use sector. 

The market is majorly driven by factors such as the use of advanced technologies for remote sensoring and rising government expenditure.

The existence of required skill gaps is hindering the market growth.

Focus on data quality assurance is providing a lucrative opportunity for market growth.

The valued-added services (VAS) segment dominates the Australia Earth Observation (EO) Market in 2021. 

Synthetic Aperture Radar (SAR) technology holds the highest market share in 2021. 

Defence & intelligence sector dominates the Australia Earth Observation (EO) Market in 2021.

The key players in the Australia Earth Observation (EO) Market are Airbus, Ball Corporation, Surrey Satellite Technology Ltd., Lockheed Martin Corporation, BAE System, BlackSky Global, and GO2Q PTY Ltd. among others.