India Satellite-based Earth Observation Market Size (2024 - 2029)

India Satellite-based Earth Observation Market Analysis

The India Satellite-based Earth Observation Market is expected to register a CAGR of 15.34% during the forecast period.

There is a growing demand for accurate and timely geospatial information across various sectors such as agriculture, urban planning, infrastructure development, environmental monitoring, disaster management, and defense. Satellite-based earth observation provides a valuable source of geospatial data, driving the market as the need for such information expands.

• India has made significant strides in satellite-based earth observation, primarily driven by the Indian Space Research Organisation (ISRO), the country's prominent space agency. ISRO has successfully launched several remote sensing satellites, including the Resourcesat, Cartosat, and Oceansat series, equipped with advanced imaging and sensing capabilities.
• The market is driven by various factors, including the increasing demand for accurate geospatial information, the government's initiatives and investments, technological advancements in satellite technology and data processing techniques, the need for improved agricultural practices and food security, urban development and infrastructure planning, disaster management and climate change monitoring, defense and security applications, and the emergence of commercial opportunities.
• The government of India has been actively supporting satellite-based earth observation through programs like the National Remote Sensing Centre (NRSC) and the National Geospatial Program (NGP). These initiatives aim to enhance the country's earth observation capabilities, promote research and development, and facilitate the dissemination of satellite data and geospatial information to various user sectors.
• Further, advancements in satellite technology, remote sensing instruments, and data processing techniques have significantly improved the capabilities of satellite-based earth observation. Higher-resolution imagery, improved spectral capabilities, and enhanced data processing algorithms enable more detailed and accurate Earth surface analysis. Technological advancements continue to drive market growth by providing better data quality, higher efficiency, and improved analysis capabilities.
• Despite significant advancements, satellite-based earth observation still has certain limitations. These include limitations in cloud cover, temporal resolution, revisit frequency, and accuracy of specific parameters. Overcoming technical limitations and continuously improving data quality and processing capabilities are necessary for expanding the market's potential.

India Satellite-based Earth Observation Industry Segmentation

Satellite-based earth observation is done with the help of satellites orbiting around the planet to view and identify environmental changes, map making, etc. Satellite-based earth observation technology captures and stores information from satellites relating to the physical, biological, and chemical compositions of the earth for monitoring, surveillance, and decision-making in various verticals, such as defense and intelligence, infrastructure and engineering, natural resource management, energy and power, and disaster management.

The India satellite-based earth observation market is segmented by type (earth observation data, value-added services), satellite orbit (low earth orbit, medium earth orbit, geostationary orbit), and end-use (urban development and cultural heritage, agriculture, climate services, energy and raw materials, infrastructure, and other end-use).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.