Market Trends of France Satellite Imagery Services Industry
Natural Resource Management is Expected to Significant Share
- The technology is used to monitor natural resources, such as vegetation, geological and soil analysis, land surface climatology, hydrology, land cover change, and the generation of orthorectified digital elevation models (DEMs). According to the National Institute of Statistics and Economic Studies, The total population of France has been increasing for years now, exceeding 66.09 million in 2024. This expulsion increases the need for higher agricultural production and reliable crop status information. To achieve this, governments and other agricultural organizations aim to improve agricultural resources, especially in developing countries.
- Satellite imaging is helping farmers conduct crop forecasting and manage their agriculture production by utilizing multispectral imagery. The data generated by these methods are then used in GIS management systems to analyze and visualize agricultural environments and workflows. However, free tools, like Google Earth Pro, are helping regional farmers identify areas in fields requiring a closer analysis to decide if additional irrigation or fertilization of the crop is required.
- However, resolutions of 30 cm, 40 cm, or 50 cm are required for large areas with pan-sharped vegetation indices. Thus, the satellite is expected to use these high- and medium-resolution satellite images, particularly for precision agriculture, with minimum commitments of 50-100 km² per area. Major applications within this segment are assessing deforestation and managing coastal lines, driven by commercial logging, forest farming, fuelwood gathering, agriculture, and pasture clearance. Furthermore, changing conditions due to urban sprawl and increasing forest fragmentation led to an increasing focus on forest productivity, reforestation, forest health, soil conservation, water resources, and nutrient cycling.
- It is highly essential to understand how forests in climate transition regions respond to climate change. Satellite imaging can help contain global climate change that significantly affects the structure and function of vegetation. As officials in the industry are moving from undertaking only corrective measures toward prevention, the market studied may witness substantial growth rates. For coastal management researchers and scientists, satellite imaging provides data for assessing and analyzing water temperature, salinity, phytoplankton, hydrology, shoreline changes, bathymetry, soil moisture, and potential threats to coasts.
- According to European Forest Fire Information System, France is experiencing its most devastating fire season in decades. As of October 2022, over 65,000 hectares had been lost to wildfires that year. In the past decade, the largest land loss due to wildland and forest fires was recorded in 2019, when close to 44,000 hectares were burned. The satellite imagery can be used to determine how much forest land has been lost and which areas the fire is going to spread, which would enable the government authorities to take action.
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Construction Segment is Expected to Drive the Market
- Construction progress can be monitored with regular satellite imagery snapshots of the site from above. Managing this process through organizing drone or aerial imagery can be both expensive and logistically challenging, particularly across various projects. Therefore, using satellite imagery across such projects can be a cost-effective solution. Additionally, monitoring many construction sites' progress can be costly and time-consuming. However, having an updated record of images from above can provide project managers with an easy and quick insight into the progress of their project, which they can use for internal reporting.
- The critical stakeholders engaged in large-scale construction projects, such as developers or project managers, are often based in separate locations nationwide. Having access to up-to-date satellite imagery of these projects helps these stakeholders monitor their projects easily online. Satellite imagery can benefit various stages of the construction process, equipping critical stakeholders with valuable data to achieve informed planning and decision-making. Real estate developers use this imagery when searching or evaluating the site; engineers and architects use it to give their designs an up-to-date geographical context; and project managers consult images over time to monitor the build process.
- The average large construction firm has multiple projects running simultaneously across the region. Satellite images provide an economical, accurate, and rapid means of obtaining a quick assessment for any significant construction or engineering project, e.g., airstrip, power plant, sewer, bridge, dam, industrial park, canal, and storm utilities. Satellite imaging is becoming incredibly important for large construction companies undertaking projects. Before work begins, extensive surveys and explorations of potential building sites must be conducted. Companies need regularly detailed images of their sites and surrounding areas to understand the context better.
- According to the French National Institute of Statistics and Economic Studies. Construction output in France increased 6.23 percent in May of 2023 over the same month in the previous year. Such a rise in the construction output would create an opportunity for the studied market to grow over the forecasted period. Furthermore, the advent of 3D visualization models is estimated to help solutions providers offer services like the mapping of buildings, updating and keeping cadastral databases current, changing detection, and virtual reality.
- Further, according to European Construction Industry Federation, despite the war in Ukraine and its consequences, the construction sector in France showed resilience during the year 2022 with a growth of 1,9% at constant prices. However, this positive trend hides disparities between the building industry (+3,1%) and the public work sector (-2,0%). In 2022, the housebuilding production showed fairly good momentum with an increase of 2,8% in constant prices but remained below its pre-crisis level (-3,4% compared to 2019). The growth in housebuilding activity is mainly due to the usual delays between permits, housing starts, and production.
