ANZ Satellite Imagery Services Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.61 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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ANZ Satellite Imagery Services Market Analysis
ANZ's satellite imagery services market is valued at USD 0.12 billion in the current year. It is expected to register a CAGR of 11.61% during the forecast period to reach USD 0.21 billion by the next five years. With growing environmental consciousness, there is an increasing need to monitor environmental changes and address climate change impacts. Satellite imagery services will be crucial in tracking deforestation, land degradation, pollution, and other ecological changes.
- The market size of ANZ satellite imagery services has witnessed significant expansion in recent years, driven by technological advancements, increasing demand for geospatial information, and expanding application areas. Government initiatives in Australia and New Zealand have played a crucial role in fostering market growth, with support for open data policies and geospatial infrastructure development.
- The growing use of satellite imagery in agriculture for crop monitoring and precision farming has been instrumental in driving the market forward. Additionally, the mining sector utilizes satellite imagery for exploration and monitoring activities. Urban planning and environmental monitoring have also been prominent market growth drivers.
- Technological advancements in satellite technology, such as improved spectral capabilities and reduced data acquisition costs, have made satellite imagery services more accessible to various industries and government agencies. Moreover, the rising focus on climate change and environmental sustainability has further propelled the demand for satellite imagery in monitoring ecosystems and natural disasters.
- Despite the market growth, satellite imagery data acquisition and processing costs can be relatively high, particularly for high-resolution and specialized datasets. This can deter small and medium-sized enterprises (SMEs) and certain industries from accessing and utilizing satellite imagery services.
- Further, the COVID-19 pandemic had a mixed impact on the ANZ Satellite Imagery Services Market. While it brought challenges, such as an economic slowdown, delayed projects, and disrupted supply chains, it also presented growth opportunities. The demand for remote monitoring, disaster response, and precision agriculture increased, highlighting the importance of satellite imagery services in critical applications.
ANZ Satellite Imagery Services Market Trends
Government Initiatives and Investments to Support the Market Growth
- Governments in both countries have recognized the immense value of geospatial information and satellite imagery data in various sectors and have taken proactive steps to support and promote the adoption of satellite imagery services. These initiatives have created a favorable market growth environment and stimulated industry demand.
- Governments in ANZ countries provide funding and grants for research and innovation in the geospatial sector, including satellite imagery technologies. This financial support encourages the development of new satellite technologies, data processing algorithms, and analytics tools, fostering market growth and driving technological advancements.
- ANZ countries' defense and security sectors rely on satellite imagery for reconnaissance, intelligence gathering, and border surveillance. Governments invest in satellite technology and imagery to strengthen national security and enhance situational awareness.
- The Australian government offered an AUD 7 billion (USD 4.77 billion) investment in strategic space defense as part of the Defence Strategic Update and Force Structure Plan. The AUD 7 billion capability investment (3% of the total budget), which will be spread over the following ten years (2020-2030), will be used to develop space services, such as the ongoing improvement and strengthening of position, navigation, and timing (PNT) information and services. These services are crucial for 21st-century military operations, modern technology, and applications like autonomous vehicles and remote mining operations.
- In conclusion, government initiatives and investments play a crucial role in supporting the growth of the ANZ Satellite Imagery Services Market. By fostering innovation, enhancing data accessibility, and promoting satellite imagery in critical applications, governments in Australia and New Zealand are driving the market forward and enabling businesses and industries to harness the power of geospatial information for informed decision-making and sustainable development.
Natural Resource Management to Hold a Significant Market Share
- The ANZ countries are renowned for their abundant natural assets, including vast forests, mineral deposits, agricultural lands, and marine resources. Satellite imagery services play a crucial role in efficiently and sustainably managing these resources, making them a significant driver in the market.
- Satellite imagery is crucial in mineral exploration, helping identify potential mining sites and conducting remote surveys. It assists in monitoring mining operations, assessing environmental impacts, and ensuring compliance with mining regulations.
- The value added by the mining sector in Australia for the fiscal year 2022 was almost AUD 283 billion (USD 193.2 billion), the Australian Bureau of Statistics reported. The county's mining sector involves exploring and extracting gold, silver, iron ore, and coal deposits, among many other natural resources. The value added by the mining sector in Australia highlights the significance of natural resource management in the country's economy.
- Additionally, the mining industry in New Zealand makes a substantial economic contribution. Statistics New Zealand reported that the GDP from mining in New Zealand reached NZD 532 million (USD 334.24 million) during the first quarter of 2023 from NZD 524 million (USD 329.22 million) in the fourth quarter of 2022. Thousands of individuals are directly employed in the industry mine resources, including coal, iron ore, gold, and silver. Such considerable mining sector growth and activities drive the demand for satellite imagery services to monitor and manage these resources effectively.
- The region's dependence on its natural resources for economic growth and sustainable development drives the demand for satellite imagery services to effectively manage and preserve these valuable assets. As ANZ countries prioritize environmental conservation, resource efficiency, and disaster resilience, the demand for satellite imagery services in Natural Resource Management is expected to remain a major driver in the market.
ANZ Satellite Imagery Services Industry Overview
The ANZ satellite imagery services market is expected to be relatively fragmented. It consists of multiple players, including government agencies, private companies, startups, and international satellite imagery providers, each offering various products and services. The market also witnesses the emergence of geospatial startups that focus on niche applications or innovative solutions. These startups contribute to the market's diversity and foster competition. Airbus SE, Geospatial Intelligence Pty Ltd, Geoimage Pty Ltd, Nearmap Australia Pty Ltd, and Aerometrex Limited are a few prominent players operating in the market.
In October 2022, Synspective, a provider of synthetic aperture radar (SAR) satellite data and solutions, and Geoimage, a prominent independent player in satellite imaging and geospatial solutions, announced a new partnership. Synspective can regularly capture most of Australia because its three SAR satellites are already in orbit. To provide Australia with 24-hour coverage, four more satellites are planned to launch in 2023. The maximum return rate at this time is 12 days for Sentinel-1 radar and roughly four days when integrating satellites from multiple constellations. In Geoimage's opinion, this new relationship represents a significant advance in delivering more data to decision-makers more swiftly.
In August 2022, Airbus Defence and Space and the Government of South Australia announced their intentions to build a specialized facility at Australian Space Park in Adelaide to support the manufacturing capacity and competence of the country's space sector. By manufacturing satellites weighing up to 300 kg, Airbus' operation at the Australian Space Park would significantly increase Australia's capacity for producing sovereign spacecraft. This represents a significant improvement over the size and technology of satellites presently constructed in Australia.
ANZ Satellite Imagery Services Market Leaders
Airbus SE
Geospatial Intelligence Pty Ltd
Geoimage Pty Ltd
Nearmap Australia Pty Ltd
Aerometrex Limited
*Disclaimer: Major Players sorted in no particular order
ANZ Satellite Imagery Services Market News
- May 2023: Arlula announced the successful completion of its AUD 2.2 million (USD 1.5 million) initial investment round. This significant investment will enable the firm to increase access to Earth Observation (EO) data and imagery, helping people, small companies, and big corporations entirely use space-based data. This significant support demonstrates an interest in and acceptance of Arlula's aim to transform access to EO data and change businesses utilizing this priceless resource.
- May 2023: SouthPAN partners Geoscience Australia and Toit Te Whenua Land Information New Zealand have signed a contract with Inmarsat Australia for the new service on one of Inmarsat's three new I-8 satellites, bringing the southern hemisphere one step closer to first-rate satellite positioning. It can assist in preventing fatalities by offering precise safety tracking, increasing farm productivity through automated device tracking, or even supporting upcoming transport management systems.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Government Initiatives and Investments to Support the Market Growth
5.1.2 Advancements in satellite technology, including High-resolution imagery, multispectral data, SAR, etc.
5.2 Market Restraints
5.2.1 Affordability and Accessibility might restrain the Market Growth
5.2.2 Competition from Alternative Technologies such as Aerial Drones, LiDAR, and UAVs
6. MARKET SEGMENTATION
6.1 By Application
6.1.1 Geospatial Data Acquisition and Mapping
6.1.2 Natural Resource Management
6.1.3 Surveillance and Security
6.1.4 Conservation and Research
6.1.5 Disaster Management
6.1.6 Intelligence
6.2 By End-User
6.2.1 Government
6.2.2 Construction
6.2.3 Transportation and Logistics
6.2.4 Military and Defense
6.2.5 Forestry and Agriculture
6.2.6 Other End-Users
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Airbus SE
7.1.2 Geospatial Intelligence Pty Ltd.
7.1.3 Geoimage Pty Ltd.
7.1.4 Nearmap Australia Pty Ltd.
7.1.5 Aerometrex Limited
7.1.6 L3Harris Technologies, Inc.
7.1.7 Planet Labs PBC
7.1.8 Western Australian Land Information Authority (Landgate)
7.1.9 Toitu Te Whenua Land Information New Zealand
7.1.10 Arlula Pty Ltd.
7.1.11 Outline Global Pty Ltd.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
ANZ Satellite Imagery Services Industry Segmentation
Satellite imagery refers to images of the Earth taken from satellites orbiting the planet. These satellites are equipped with various sensors for detecting visible light, infrared light, microwave radiation, and more to craft high-resolution images. These images combine to create visual representations of the Earth, providing new perspectives on climate, geography, and manmade structures.
The ANZ Satellite Imagery Services Market is segmented by Application (Geospatial Data Acquisition and Mapping, Natural Rese Management, Surveillance and Security, Conservation, and Research, Disaster Management, Intelligence) and End-User (Government Construction, Transportation and Logistics, Military and Defense, Forestry and Agriculture). The market sizes and forecasts are in USD value for all the above segments.
| By Application | |
| Geospatial Data Acquisition and Mapping | |
| Natural Resource Management | |
| Surveillance and Security | |
| Conservation and Research | |
| Disaster Management | |
| Intelligence |
| By End-User | |
| Government | |
| Construction | |
| Transportation and Logistics | |
| Military and Defense | |
| Forestry and Agriculture | |
| Other End-Users |
Frequently Asked Questions
What is the current ANZ Satellite Imagery Services Market size?
The ANZ Satellite Imagery Services Market is projected to register a CAGR of 11.61% during the forecast period (2024-2029)
Who are the key players in ANZ Satellite Imagery Services Market?
Airbus SE, Geospatial Intelligence Pty Ltd, Geoimage Pty Ltd, Nearmap Australia Pty Ltd and Aerometrex Limited are the major companies operating in the ANZ Satellite Imagery Services Market.
What years does this ANZ Satellite Imagery Services Market cover?
The report covers the ANZ Satellite Imagery Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the ANZ Satellite Imagery Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
ANZ Satellite Imagery Services Industry Report
Statistics for the 2024 ANZ Satellite Imagery Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. ANZ Satellite Imagery Services analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
