Market Size of Spain Satellite-based Earth Observation Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR (2024 - 2029) | 9.78 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Spain Satellite-based Earth Observation Market Analysis
The Spain Satellite-based Earth Observation Market is expected to register a CAGR of 9.78% during the forecast period.
The Spain Satellite-based earth observation market has been witnessing substantial growth in the past few years due to major market vendors such as SATLANTIS, Alen Space, etc., coupled with the growing demand from various end-user sectors.
- The Span satellite-based Earth-observation market has been witnessing significant growth in the past few years owing to substantial investments in the space sector and various launches of Earth-observation satellites in line with the National Satellite Earth Observation Program. Further, the growing environmental concerns, coupled with an increasing focus on the defense and security sector, are driving the satellite-based earth observation market in the country.
- Moreover, the continuous technological innovation in the satellite-based earth observation market from major market vendors in the country to offer solutions for environmental challenges is driving the market in the country. For instance, through disruptive technological Earth Observation capabilities, SATLANTIS offers the market complete solutions to address today's challenges, such as sustainability, digitization, and optimization of multiple economic sectors. Further, companies such as Open Cosmos offer earth observation satellites to collect critical Earth data for economic, environmental, or security decisions.
- Furthermore, the government is making significant strides in promoting, implementing, and developing research, technological development, and innovation in space, security, and national defense, which is expected to benefit the studied market growth in Spain positively. For instance, in March 2023, Spain's Council of Ministers voted to allow the Spanish Space Agency (AEE) to start operations on March 7. The newly created space agency will guarantee Spain's strategic action in space, both from the point of view of its technological development and the use of space in areas such as earth observation, security, geolocation, and telecommunications.
- Additionally, in the past, the country has launched Earth observation satellites such as PAZ, which provides Earth observation capabilities for multiple civilian applications, from maritime monitoring and infrastructure planning, to high-resolution mapping in Spain. Further, the country's government also launched several initiatives to boost the demand for satellite-based earth observation solutions in the coming years. For instance, PERTE Aerospace pursues establishing a space technology program to generate new innovative and industrial capacities of its own that provide services related to the environment and the cohesion of the territory.
Spain 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. 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 Spain satellite-based earth observation market is segmented by type (earth observation data, value added services), by satellite orbit (low earth orbit, medium earth orbit, geostationary orbit), and by end-use(urban development and cultural heritage, agriculture, climate services, energy and raw materials, infrastructure). 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 | |
Others |
Spain Satellite-based Earth Observation Market Size Summary
The Spain Satellite-based Earth Observation market is experiencing robust growth, driven by significant investments in the space sector and the launch of Earth observation satellites under the National Satellite Earth Observation Program. This growth is further fueled by increasing environmental concerns and a heightened focus on defense and security. Major market players like SATLANTIS and Alen Space are at the forefront, leveraging technological innovations to address challenges such as sustainability and digitization. The Spanish government's initiatives, including the establishment of the Spanish Space Agency, are also contributing positively by promoting research and technological development in space-related fields. The market is expanding with the integration of new technologies and data sources, responding to the rising demand for Earth observation data to tackle environmental and population challenges.
The market's expansion is supported by the growing need for data analytics to derive insights from the vast amounts of Earth observation data being generated. This demand has led to the emergence of startups and increased funding in the data analytics sector. The energy and raw materials segment is particularly poised for significant adoption of satellite-based solutions, driven by the transition to renewable energy and the need for precise data in planning and monitoring. The market is moderately consolidated, with key players engaging in partnerships and acquisitions to enhance their offerings. Notable collaborations, such as those involving SATLANTIS and other Spanish companies, aim to strengthen Spain's participation in international projects like the Atlantic Constellation, further solidifying the market's growth trajectory.
Spain Satellite-based Earth Observation Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Earth Observation Data
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2.1.2 Value Added Services
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2.2 By Satellite Orbit
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2.2.1 Low Earth Orbit
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2.2.2 Medium Earth Orbit
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2.2.3 Geostationary Orbit
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2.3 By End-use
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2.3.1 Urban Development and Cultural Heritage
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2.3.2 Agriculture
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2.3.3 Climate Services
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2.3.4 Energy and Raw Materials
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2.3.5 Infrastructure
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2.3.6 Others
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Spain Satellite-based Earth Observation Market Size FAQs
What is the current Spain Satellite-based Earth Observation Market size?
The Spain Satellite-based Earth Observation Market is projected to register a CAGR of 9.78% during the forecast period (2024-2029)
Who are the key players in Spain Satellite-based Earth Observation Market?
SATLANTIS, Alén Space, Open Cosmos Ltd, Airbus and Thales are the major companies operating in the Spain Satellite-based Earth Observation Market.