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

The Nordics Satellite-based Earth Observation Market is experiencing significant growth, driven by the increasing demand for environmental monitoring and sustainable urban development in the Nordic region. This market expansion is fueled by the need for accurate data to support environmental protection efforts, track climate change, and inform policy decisions. Additionally, satellite imagery plays a crucial role in urban planning and infrastructure development, providing insights that aid in managing urban expansion and assessing environmental impacts.

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Market Size of Nordics Satellite-based Earth Observation Industry

Nordics Satellite-based Earth Observation Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 11.60 %
Market Concentration Medium

Major Players

Nordics Satellite-based Earth Observation Market Major Players

*Disclaimer: Major Players sorted in no particular order

Nordics Satellite-based Earth Observation Market Analysis

The Nordics Satellite-based Earth Observation Market is expected to register a CAGR of 11.60% during the forecast period.

The Nordic region, consisting of countries such as Norway, Sweden, Finland, Denmark, and Iceland, has seen a growing demand for satellite-based Earth observation in recent years.

  • The Nordic countries place a high value on environmental protection and sustainability. Satellite-based Earth observation offers vital data for monitoring and controlling environmental elements such as forest cover, ice caps, water resources, and air quality. These statistics aid in the understanding of climate change, the planning of conservation initiatives, and the formulation of sound policy decisions.
  • Countries in the region have well-planned cities and a focus on sustainable urban development. Satellite imagery provides valuable insights for urban planning, infrastructure development, and land use management. It helps in monitoring urban expansion, analyzing transportation networks, identifying suitable locations for new infrastructure projects, and assessing the impact of urbanization on the environment.
  • For instance, in 2022, the Danish Ministry of Interior and Housing announced the signing of a collaboration agreement with the City of Copenhagen to secure more affordable housing in the city. The agreement requires that future residential construction ensure that 40% of the housing supply is public.

Nordics Satellite-based Earth Observation Industry Segmentation

Nordics satellite-based earth observation is done with the help of satellites orbiting around the planet to view and identify environmental changes, map making, etc. The 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 Nordics satellite-based earth observation market is segmented by type (earth observation data and value-added services), by satellite orbit (low earth orbit, medium earth orbit, and geostationary orbit), and by 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.

By Type
Earth Observation Data
Value Added Services
By Satellite Orbit
Low Earth Orbit
Medium Earth Orbit
Geostationary Orbit
By End-Use
Urban Development and Cultural Heritage
Agriculture
Climate Services
Energy and Raw Materials
Infrastructure
Other End-Use
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Nordics Satellite-based Earth Observation Market Size Summary

The Nordics satellite-based Earth observation market is experiencing significant growth, driven by the region's commitment to environmental protection and sustainable development. Countries like Norway, Sweden, Finland, Denmark, and Iceland are increasingly utilizing satellite technology to monitor environmental parameters such as forest cover, ice caps, and air quality. This data is crucial for understanding climate change, planning conservation efforts, and making informed policy decisions. Additionally, satellite imagery plays a vital role in urban planning and infrastructure development, providing insights into urban expansion, transportation networks, and land use management. The focus on sustainable urban development is evident in initiatives like the collaboration between the Danish Ministry of Interior and Housing and the City of Copenhagen to ensure affordable housing.

In the agricultural sector, the demand for satellite-based Earth observation is growing as farmers adopt precision agriculture practices to optimize crop yields and reduce environmental impacts. Satellite data assists in monitoring crop health, identifying nutrient deficiencies, and enabling targeted actions such as variable-rate fertilization and irrigation. The Nordic region is also fostering initiatives to enhance data accessibility and promote research collaborations, empowering stakeholders with the tools to leverage satellite data for sustainable agriculture. Sweden is expected to hold a significant market share due to its investments in satellite technology and infrastructure for aerospace research. The market is moderately consolidated, with key players like Thales, Airbus, and OHB Sweden engaging in partnerships and innovations to strengthen their offerings.

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Nordics Satellite-based Earth Observation Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Buyers

      2. 1.2.2 Bargaining Power of Suppliers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Earth Observation Data

      2. 2.1.2 Value Added Services

    2. 2.2 By Satellite Orbit

      1. 2.2.1 Low Earth Orbit

      2. 2.2.2 Medium Earth Orbit

      3. 2.2.3 Geostationary Orbit

    3. 2.3 By End-Use

      1. 2.3.1 Urban Development and Cultural Heritage

      2. 2.3.2 Agriculture

      3. 2.3.3 Climate Services

      4. 2.3.4 Energy and Raw Materials

      5. 2.3.5 Infrastructure

      6. 2.3.6 Other End-Use

Nordics Satellite-based Earth Observation Market Size FAQs

The Nordics Satellite-based Earth Observation Market is projected to register a CAGR of 11.60% during the forecast period (2024-2029)

Thales, Airbus, OHB Sweden, Satlentis and Ovzon AB are the major companies operating in the Nordics Satellite-based Earth Observation Market.

Nordics Satellite-based Earth Observation Market Report Snapshots

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