Global EOS Market Is Expected To Grow 2.4X In Value By 2031

An in-depth analysis of factors influencing the investment is provided in the worldwide Earth Observation arcade report which forecasts impending opportunities for the businesses and develops strategies to improve return on investment (ROI). The purpose of the Earth Observation market report is to provide a detailed analysis and its impact based on applications and on different geographical regions. This market document encompasses a chapter on all Earth Observation associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

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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.

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.

Was There any COVID-19 Impact on the Earth Observation System Market?

This market is investment-based where investments across segments hasn't observed a major decline over time. Services of systems have observed nominal growth and investment inflows have remained almost stagnant. Probability of risk drawn for the market over the period has remained stable, and is set to lower over the long-run forecast period with growing subscription of services of earth observation systems.

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Market Segmentation

Fact.MR has studied the EOS market with detailed segmentation on the basis of solution, application, and region.

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Market Players :-

• Airbus.
• BAE Systems
• Ball Corporation
• Harris Corporation
• Lockheed Martin Corporation
• MBRSC
• Northrop Grumman Corporation
• Planet
• Raytheon Intelligence & Space
• SARsat Arabia
• Satellogic
• Serco Middle East
• Spectator
• Thales Group
• The Boeing Company

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.

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