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Satellite-based Earth Observation Market size to grow by USD 7.60 billion during 2023-2028| Use of satellites for advanced environment monitoring to drive the market growth- TechnavioNEW YORK, Oct. 31, 2023 /PRNewswire/ -- The Satellite-based Earth Observation Market size is expected to increase by USD 7.60 billion, accelerating at a CAGR of over 10.67% during the forecast period. There is a growing demand to improve communication at sea, particularly for various groups such as fishermen, sailors, oil rig engineers, and cruise ship tourists. Providing reliable cellular connections offshore is a significant challenge due to the complexities involved in installing cell towers in these environments. Additionally, the cost of laying fiber and copper cables on the seabed is prohibitively high. Consequently, the necessity to enhance offshore communication is increasing, and one effective solution for achieving this is through the use of satellite communication. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample Report Satellite-based Earth Observation Market 2024 – 2028: Key Highlights:
Satellite-based Earth Observation Market 2024 – 2028: Market Dynamics: Trend
The report also covers information on the upcoming trends and challenges. Explore detail information by purchasing report Satellite-based Earth Observation Market 2024 – 2028: Key Segments: The market is segmented by Application (Defense, Weather, LBS, Energy, and Others), Type (VAS and Data), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). The defense segment is expected to account for a major share of the market's growth during the forecast period. This particular segment stands to gain from increased investments in satellite technology, particularly for purposes such as surveillance, regional security, and intelligence gathering in emerging nations like China, India, and Russia. Get a glance at the market contribution of the segments, Request Sample Report Here Related Reports: Leo Satellite Market: The LEO satellite market is estimated to grow at a CAGR of 15.92% between 2022 and 2027. The size of the market is forecast to increase by USD 7,131.09 million. 3D Printing in Low-Cost Satellite Market: The 3D Printing in Low-Cost Satellite Market is estimated to grow at a CAGR of 68.31% between 2022 and 2027, and the size of the market is forecasted to increase by USD 19,906.63 million. TOC:
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research
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