Market Share of Russia Satellite-based Earth Observation Industry
The Russia satellite-based earth observation market is expected to be moderately consolidated. Several key players have emerged from government entities and private companies over the years. These players have developed advanced satellite systems, data processing capabilities, and expertise in delivering satellite-based earth observation services. They often have established partnerships, collaborations, and contracts with government agencies, research institutions, and other stakeholders in the market.
In May 2023, Roscosmos announced that the Kondor-FKA No. 1 civilian radar observation satellite had entered its intended orbit. It is ready to offer round-the-clock, all-weather monitoring of the continents and the world ocean. The Research and Production Association of Machine-Building created the Kondor line of miniature Earth remote-sensing satellites for the Aerospace Defence Forces and other international clients.
In December 2022, the Russian space agency announced that the agency would borrow up to RUB 50 billion (USD 710 million) in 2023 to fund a massive satellite-building program to catch up to the United States and China. Roscosmos said it would increase its ability to develop and launch satellites for the Russian government and commercial businesses by putting publicly traded bonds on the country's financial markets throughout the upcoming year.
Russia Satellite-based Earth Observation Market Leaders
Russian Space Systems JSC
The State Space Corporation (Roscosmos)
SCANEX Group
Sovzond Company
JSC Gazprom Space Systems
*Disclaimer: Major Players sorted in no particular order
