The Satellite-based Earth Observation Market is projected to grow by USD 7.60 billion, with a CAGR of 10.67% during the forecast period from 2023 to 2028, according to Technavio. The rise in satellite use for advanced environmental monitoring is a key driver, essential in managing natural disasters and conserving resources. Enhanced imaging and data analytics capabilities are contributing to improved observation. Furthermore, the need to boost offshore communication in industries like maritime and oil exploration continues to push market expansion. These advancements position the satellite-based earth observation market as critical in resolving environmental issues and optimizing resource management for diverse industries.
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