North America accounts for a majority market share in earth observation systems, followed by Europe. This is due to its highly developed space technology such as reusable rockets. Also, the main use of earth observation systems is defence, which is another reason for North America’s dominance of the global market. Key players are functioning actively and investing heavily in infrastructure development, resulting in increased data efficiency, reliability, and flexibility. Advancements in technological architecture are critical to market expansion.

As per a revised report published by Fact.MR, the earth observation system (EOS) market is anticipated to surpass US$ 5 Bn valuation in 2021, and is poised to expand at a CAGR of around 9% over the next ten years.

For More Insights Into The Market, Request a Sample of this Report –https://www.factmr.com/connectus/sample?flag=S&rep_id=4632

Key Takeaways from Market Study

  • The global EOS market is expected to grow 2.4X in value by 2031.
  • Value-added services as a solution capture the highest share of more than half of the global market, and are set to create an absolute $ opportunity of around US$ 3 Bn by 2031.
  • Among the applications, infrastructure has been the fastest-growing segment, owing to rise in penetration of EOS across multiple industries over the past decade. Defence holds the highest market share with more than 40%, and is expected to expand at around 9.5% CAGR through 2031.
  • North America is set to dominate market revenue in 2021, and is expected to gain 180 BPS points by the end of 2031.
  • Europe is the second-largest market for EOS, with more than 22% global market share, but is expected to lose 56 BPS by the end of 2031.

earth observation system eos market region

 

“Investments infrastructure applications can be highly beneficial to EOS suppliers over the coming years,” says a Fact.MR analyst.

Share Your Requirements & Get Customized Reports –https://www.factmr.com/connectus/sample?flag=RC&rep_id=4632

Winning Strategy

Key players in this market are continuously investing in technological advancements and research & development to come up with improved and efficient equipment and cost reduction. For instance, SpaceX has made a significant contribution to reusable rockets, which drastically reduced the costs of remanufacturing. This allows companies to perform their space programs and launches with better efficiency, lower costs, and improved flexibility of data acquired. These advancements will propel market growth in the medium- to long-term forecast period.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global earth observation system market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of solution (commercial data and value-added services) and application (defence, infrastructure, environment and natural resource monitoring, power & energy, location-based services, maritime, disaster management, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

About the ICT Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the automotive industry across 50+ countries for over a decade.

Get More Insights –https://industrytoday.co.uk/it/earth-observation-system–eos–market-is-projected-to-expand-at-a-cagr-of-around-9–over-2021-to-2031

Explore Fact.MR’s Coverage on the ICT Domain

Airport Runway Foreign Object Debris Detection Systems Market: A new market study published by Fact.MR on the global airport runway foreign object debris (FOD) detection systems market provides readers with an exhaustive analysis on key market dynamics, including the drivers, restraints, opportunities, and trends, along with comprehensive data on the market structure for the assessment period 2021 to 2031.

Physical Access Control Systems (PACS) Market: A recent study by Fact.MR on the physical access control system (PACS) market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players.

Serial Console Server Market: A recent study by Fact.MR on the serial console server market offers 10-year forecast for 2020-2030. The study analyzes crucial trends that are currently determining the growth of the serial console server market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of serial console servers.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com

Tags: , ,

Contact Information:

+1 (628) 251-1583