Canada Satellite-based Earth Observation Market Trends

Statistics for the 2023 & 2024 Canada Satellite-based Earth Observation market trends, created by Mordor Intelligence™ Industry Reports. Canada Satellite-based Earth Observation trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Canada Satellite-based Earth Observation Industry

New Technologies Implementation in Earth Observation Satellite Technologies

  • Canada has always been a frontrunner in implementing and advancing new earth observation satellite systems technologies. Among the key areas Canada has significantly contributed to are high-resolution imaging, SAR, hyperspectral imaging, CubeSats, AI/ML, and data analytics. These advancements have facilitated improved monitoring, analysis, and understanding of Earth's systems, benefiting industries, scientific research, and environmental management. With a strong foundation in satellite technology and a commitment to innovation
  • One of the key advancements in earth observation satellite technology is the development of high-resolution imaging systems. Canada has been at the forefront of this technology, with companies like MDA (MacDonald, Dettwiler, and Associates) leading the way. These satellites employ sophisticated optical sensors and advanced image processing techniques to capture detailed images of the Earth's surface. High-resolution imaging enables accurate mapping, urban planning, disaster management, and resource exploration.
  • Moreover, the government in the country is continuously increasing investments in its satellite. Hence, in March 2023, the Canadian government invested USD 6.8 million in developing new earth observation technologies in several areas. The Canadian Space Agency's Space Technology Development Program (STDP) has awarded 10 R&D contracts to 10 companies.
  • Integrating artificial intelligence and machine learning algorithms in earth observation satellites is revolutionizing data analysis and interpretation. These technologies enable automated image processing, feature extraction, and pattern recognition, reducing the time and effort required for manual analysis. Canada has strong expertise in AI and ML, and researchers are applying these techniques to satellite data for enhanced land cover classification, vegetation monitoring, and disaster response.
Canada Satellite-based Earth Observation Market - Number of Satellites in Orbit 2023, by Leading Nations

Increasing Use of Satellite based Earth Observation Technique in Agriculture

  • Agriculture is a vital sector in Canada, contributing significantly to the country's economy and food security. In recent years, the implementation of earth observation satellites in agricultural practices has gained prominence due to their ability to provide valuable data and insights for improved farm management. This article explores the growing requirement for earth observation satellites in agriculture in Canada, highlighting the benefits, applications, and advancements in this field.
  • Earth observation satellites play a crucial role in precision farming, enabling farmers to monitor and manage their crops with enhanced accuracy. Satellites with high-resolution imaging sensors capture detailed images of agricultural fields, allowing farmers to assess crop health, detect anomalies, and identify stress conditions. This information helps optimize resource allocation, such as water, fertilizers, and pesticides, leading to improved yields, reduced costs, and minimized environmental impact.
  • Monitoring soil moisture is essential for efficient irrigation management, particularly in regions with varying climatic conditions. Earth observation satellites with specialized sensors can measure and map soil moisture levels across vast agricultural areas. This data assists farmers in determining optimal irrigation schedules, preventing overwatering or underwatering, and conserving water resources. Timely and accurate information on soil moisture also enables the identification of areas prone to drought or excessive saturation, facilitating proactive measures to mitigate potential crop losses.
  • Advancements in earth observation satellite technology have significantly enhanced their applicability in agriculture. High-resolution imaging sensors, synthetic aperture radar (SAR), and hyperspectral imaging capabilities provide detailed and precise data on crop health, soil conditions, and environmental parameters. Furthermore, integrating artificial intelligence (AI) and machine learning (ML) algorithms with satellite data analysis enables automated crop monitoring, disease detection, and yield estimation. These advancements empower farmers with actionable insights and data-driven decision-making tools, contributing to improved productivity and sustainable agricultural practices.
Canada Satellite-based Earth Observation Market - Canada's Agriculture, Forestry, Fishing and Hunting by Month GDP 2023, April, in billion USD

Canada Satellite-based Earth Observation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)