The Australian Earth Observation (EO) Market, valued at US$ 54.23 Mn in 2023, is forecasted to grow to US$ 71.36 Mn by 2030, at a Compound Annual Growth Rate (CAGR) of 4.05%. This growth signifies Australia's increasing reliance on advanced remote sensing technologies for various applications.Australia Earth Observation (EO) Market: Growth to US$ 71.36 Mn by 2030 with a CAGR of 4.05%
Segment Overview:
The market is segmented by product type, technology, and sector.By Product Type
- EO Data
- Value-added Services [VAS]
By Technology
- Synthetic Aperture Radar (SAR)
- Optical
- Others (Non-Imagery, Infrared, RF Monitoring)
By Sector
- Agriculture & Forestry management
- Insurance and Finance
- Fisheries and aquaculture
- Defence and Intelligence
- Energy and natural resources
- Industrial
- Weather monitoring
- Disaster management
- Others
Company Profile:
The market is predominantly led by major players, with a cumulative market share of about 85%. Key companies include GO2Q PTY Ltd., Airbus, Ball Corporation, BAE System, BlackSky Global, and Thales Group. These organizations are pivotal in advancing Earth Observation technologies and applications in Australia.Drivers:
The market's growth is driven by the use of advanced technologies for remote sensing and rising government expenditure in this field. These factors are crucial for the expansion of Earth Observation applications across various sectors.Restraints:
A significant challenge for the market is the existence of skill gaps, which may hinder the full utilization of EO technologies.Value Addition:
The report provides an in-depth overview of the Australian Earth Observation Market, including insights into optics design and optical imaging systems for EO satellites. It also covers key takeaways, growth trends, and a detailed classification of Earth Observation imagery types. This comprehensive analysis offers a clear picture of the market's current state and its potential trajectory.Report Insights:
- The market is set to grow to US$ 71.36 Mn by 2030 at a CAGR of 4.05%.
- SAR technology and the Defence and Intelligence sector are key growth areas.
- Major companies hold about 85% of the market share.
- Advanced remote sensing technologies and government spending are driving growth.
Questions to be Answered:
- What are the primary growth drivers of the Australian EO market?
- Which sectors and technologies are leading in market expansion?
- How is the skill gap affecting the EO market in Australia?
- What are the future trends and potential of the Australian EO market?
Table of Contents
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 4. Australia Earth Observation (EO) Market Overview
Chapter 5. Australia Earth Observation (EO) Market Analysis, By Product Type
Chapter 6. Australia Earth Observation (EO) Market Analysis, By Technology
Chapter 7. Australia Earth Observation (EO) Market Analysis, By Sector
Chapter 8. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- GO2Q PTY Ltd.
- Airbus
- Ball Corporation
- BAE System
- BlackSky Global
- Digital Globe
- L3Harris Technologies
- Lockheed Martin Corporation
- OHB System
- Planet Labs
- Satellogic
- Surrey Satellite Technology Ltd.
- Thales Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 106 |
| Published | January 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 54.23 Million |
| Forecasted Market Value ( USD | $ 71.36 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Australia |
