ASEAN Satellite-based Earth Observation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.59 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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ASEAN Satellite-based Earth Observation Market Analysis
ASEAN Satellite-based Earth Observation Market is valued at USD 0.18 billion in the base year and is expected to grow at a CAGR of 12.59% during the forecast period to become USD 0.37 billion by the next five years. The region's priority in introducing satellites for Earth observation is enabling the end-users of the services to improve their capabilities for reducing disaster risk, managing land use, monitoring agriculture, etc., which drives the market in the ASEAN region.
- The governments of ASEAN countries, including Singapore, Thailand, etc., have been strengthening their satellite ecosystems supported by the collaborations among satellite data providers and satellite operators in transforming disaster response and environmental monitoring in the ASEAN region with advanced satellite data and monitoring services, which is driving the market in the region.
- For instance, in May 2023, Thaicom, a satellite operator and provider of space technology based in Thailand, and Synspective Inc., a provider of satellite data and solutions, collaborated to benefit Thailand's businesses by enhancing disaster response, environmental monitoring, agricultural productivity, and infrastructure planning.
- The broad application of satellite-based earth observations in rapid assessment of the damage caused by natural disasters, such as earthquakes, floods, and landslides, to monitoring environmental changes, such as deforestation, is fueling market adoption in various end users. In addition, the satellite-based EO services can be used to monitor infrastructure, such as roads, bridges, and buildings, for damage and displacement are accelerating the demand for the services in the ASEAN region due to high infrastructure development in the Philippines, Malaysia, Indonesia, etc.
- However, the challenge in using earth observation data is the cost of collecting and processing information, which may be a constraint for some businesses due to low capital. In addition, extensive knowledge and computational capacity are needed for interpreting and evaluating the data. Furthermore, various security and protection procedures are in place to secure the information, which may lower its usage and adoption due to the complexity of the services.
- The pandemic restricted the market's growth because of the lockdown and supply chain gap, which made it challenging to develop new infrastructures and satellite constellations for space manufacturers and operators for earth observation data services in the ASEAN region. After the outbreak of COVID-19, the region has also been digitalizing its disaster management, agricultural, and government sectors. Due to the rise in demand for satellite-based earth observation data in digitalizing processes in various sectors of the region, the industry has been growing during the post-COVID-19 period.
ASEAN Satellite-based Earth Observation Market Trends
Government Initiatives and Investments is Driving the Market
- The countries' governments in the ASEAN region are actively investing in developing the framework for adopting satellite-based earth observation data services for better management of natural resources because, through the satellite data services, users can analyze data on time and with accuracy to give precise information for monitoring management and effective reaction driving the market in the region.
- For instance, in May 2023, NASA published a report stating that over 50 million people in Vietnam, Cambodia, Thailand, Laos, and Myanmar receive drinking and agricultural water from the Mekong River. The Governmental organizations in charge of that water supply have been implementing actions by using NASA satellite-based Earth data to improve their decision-making, which shows the governmental investments in using satellite data driving the market in the region.
- In addition, scientists in the region, with experts from NASA and the Asian Disaster Preparedness Centre (ADPC), have collaboratively worked to develop systems that analyze data from Earth-observing satellites to more accurately anticipate heavy rains and monitor reservoir levels.
- Satellite-based earth observation is one of the primary support services for disaster management. Many governmental initiatives were established globally, including the ASEAN region, such as Sentinal Asia, to form a consortium for data-based earth observations by collaborating with regional space agencies and disaster management agencies in applying space technology to assist in disaster management of the region.
- For instance, in January 2023, The Philippine Space Agency (PhilSA) joined Sentinel Asia as a Data Provider Node to provide Earth observation satellite images, which has been designed as a cooperative project to employ satellite technology to support disaster management in many regions, including the ASEAN countries. Sentinel Asia's objective has been to decrease the damage caused by natural disasters by sharing information about them online, such as Earth observation satellite pictures in the region.
Earth Observation Data is Contributing a Significant Portion of the Market Share
- Earth observation satellite data can be used for various ground-based applications, including farming, forestry, mining, water management, and rural and urban development. Satellite-based earth observation data can be used to detect gas leaks and measure Methane, a major cause for the increasing carbon emissions levels, which is fuelling the adoption of EO data services in the region.
- In addition, the ASEAN countries are adopting significant to reduce climate change is a reality and implementing projects with less damaging impacts on the environment by using Satellite based EO data, creating a demand for EO data services in the ASEAN market.
- Global satellite-based EO programs, such as the EU-based Copernicus program, have been expanding in the ASEAN region by increasing their investment activities in the various ASEAN countries, including the Philippines, to increase the earth observation data-based services to make the countries more resilient in disaster management.
- For instance, in January 2023, The Copernicus initiatives for Earth observation supported by the European space agencies and the EU, together with national stakeholders, have invested over USD 8 million for the CopPhil initiative in the Philippines, which would encourage the growth of EO data services in the country, creating an opportunity for the Satellite-based EO data service providers in the region.
- Additionally, in July 2022, the Government of Vietnam released a strategy for advancing and using aerospace science and technology by 2030 to address issues with defense and security, enhance environmental and natural resource management, monitor natural disasters and lessen their effects, and offer related services for citizens through increasing national Earth observation capability by deploying small satellite systems in the future, creating a demand for satellite-based EO data services in the region.
ASEAN Satellite-based Earth Observation Industry Overview
The ASEAN Satellite-based Earth Observation Market is moderately consolidated and consists of many multinational market vendors, which have partnered with local vendors and end users to provide EO data services. The market share is majorly captured by the top players in the country, such as ST Engineering, Spire Global Inc, Airbus SE, NEC Corporation, etc.
In April 2023, ST Engineering introduced a PolSAR satellite called TeLEOS-2 in association with Singapore's Defence Science and Technology Agency and successfully launched it into orbit. The satellite can capture high-resolution day and night images under all weather conditions and with full polarimetry for a broader range of satellite data applications, such as Earth Observation data services that provide enhanced coverage of major shipping routes and disaster-prone regions in the ASEAN countries, including Singapore.
ASEAN Satellite-based Earth Observation Market Leaders
ST Engineering
Spire Global, Inc.
Airbus SE
NEC Corporation
Maxar Technologies Inc
*Disclaimer: Major Players sorted in no particular order
ASEAN Satellite-based Earth Observation Market News
- February 2023: An MOU was formed to establish an international space collaboration between the Geo-Informatics and Space Technology Development Agency (GISTDA) of Thailand and the Office for Space Technology & Industry, Singapore (OSTIn) to develop a framework for close collaboration on Earth observation (EO) applications between the two countries of the ASEAN region, which would create an opportunity for the market vendors.
- May 2023: Airbus planned its satellite service expansion in Malaysia due to the strong potential in Malaysia's Space sector and strategized to contribute further to the country's sovereign Space development journey with its additional satellite launched in June 2022. Airbus and MYSA have been partnered in space collaborators in the areas of satellite imagery, systems, and services, which includes Airbus' collaboration with MYSA for the constellation of Earth observation satellites entirely funded, manufactured, owned, and operated by Airbus, enabling MYSA to use the satellite-based Earth observation services.
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
5.1.2 Technological Advancements
5.2 Market Restraints
5.2.1 Budget Constraints and Technological Limitations
5.2.2 Regulatory and Legal Challenges
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Earth Observation Data
6.1.2 Value Added Services
6.2 By Satellite Orbit
6.2.1 Low Earth Orbit
6.2.2 Medium Earth Orbit
6.2.3 Geostationary Orbit
6.3 By End-use
6.3.1 Urban Development and Cultural Heritage
6.3.2 Agriculture
6.3.3 Climate Services
6.3.4 Energy and Raw Materials
6.3.5 Infrastructure
6.3.6 Others
6.4 By Country
6.4.1 Thailand
6.4.2 Indonesia
6.4.3 Malaysia
6.4.4 Philippines
6.4.5 Others
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 ST Engineering
7.1.2 Spire Global, Inc.
7.1.3 Airbus SE
7.1.4 NEC Corporation
7.1.5 Maxar Technologies Inc.
7.1.6 Thales Group
7.1.7 Boeing Co
7.1.8 Philippine Earth Data Resource Observation Center
7.1.9 EOMAP Indonesia.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
ASEAN Satellite-based Earth Observation Industry Segmentation
ASEAN Satellite-based Earth Observation Market includes the EO data and Value added services provided by the market vendors in the region, which get the information through payloads (Scientific and technological instruments) attached to satellites to acquire imaging data about the Earth's characteristics. Additionally, the images are processed and analyzed to give insights from the data that can be applied to various fields and applications.
ASEAN Satellite-based Earth Observation Market is segmented by Type (Earth Observation Data, Value Added Services), Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit), End-use (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure), and Country. The market sizes and forecasts are provided for a value of 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 |
| By Country | |
| Thailand | |
| Indonesia | |
| Malaysia | |
| Philippines | |
| Others |
Frequently Asked Questions
What is the current ASEAN Satellite-based Earth Observation Market size?
The ASEAN Satellite-based Earth Observation Market is projected to register a CAGR of 12.59% during the forecast period (2024-2029)
Who are the key players in ASEAN Satellite-based Earth Observation Market?
ST Engineering, Spire Global, Inc., Airbus SE, NEC Corporation and Maxar Technologies Inc are the major companies operating in the ASEAN Satellite-based Earth Observation Market.
What years does this ASEAN Satellite-based Earth Observation Market cover?
The report covers the ASEAN Satellite-based Earth Observation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the ASEAN Satellite-based Earth Observation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
ASEAN Satellite-based Earth Observation Industry Report
Statistics for the 2024 ASEAN Satellite-based Earth Observation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. ASEAN Satellite-based Earth Observation 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.
