The earth observation market is experiencing significant growth driven by rising demand for satellite data from governments and businesses worldwide. This trend is fueled by the increasing use of satellite imagery and data for environmental monitoring, agriculture, disaster management, and urban planning.
Analysts expect the market to expand steadily over the next decade, reaching an estimated value of USD 14.55 billion by 2034. Advances in satellite technology and data analytics are key factors contributing to this growth.
**Why this matters**
The expansion of the earth observation market highlights the growing importance of satellite data in addressing global challenges such as climate change, resource management, and disaster response. Improved access to accurate and timely information supports better decision-making across multiple sectors, enhancing sustainability and resilience.
Source: NewsData