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Satellite-Based Earth Observation Market to grow by USD 7.6 Billion(2024-2028), driven by satellites for advanced environmental monitoring, AI transforming trends – Technavio

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NEW YORK, Dec. 14, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global satellite-based earth observation market size is estimated to grow by USD 7.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 10.67%  during the forecast period. Use of satellites for advanced environment monitoring is driving market growth, with a trend towards growing demand for small satellites. However, competition from alternate technologies  poses a challenge. Key market players include Airbus SE, Antrix Corp. Ltd., BAE Systems Plc, Eagle View Technologies Inc., Geoimage, Global Surface Intelligence Ltd., Imagesat International I.S.I Ltd., Kleos Space S.A., L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, Orbital Insight Inc., Orbital Micro Systems, Planet Labs PBC, PlanetiQ, Raytheon Technologies Corp., Thales Group, and EarthDaily Analytics.

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Satellite-based Earth Observation Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.67%

Market growth 2024-2028

USD 7604.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.78

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, Canada, China, Russia, and UK

Key companies profiled

Airbus SE, Antrix Corp. Ltd., BAE Systems Plc, Eagle View Technologies Inc., Geoimage, Global Surface Intelligence Ltd., Imagesat International I.S.I Ltd., Kleos Space S.A., L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, Orbital Insight Inc., Orbital Micro Systems, Planet Labs PBC, PlanetiQ, Raytheon Technologies Corp., Thales Group, and EarthDaily Analytics

Market Driver

The Satellite-based Earth Observation market is thriving, with trends in defense sector applications, border monitoring, disaster management, and military missions. Big data technology and high-resolution imaging services are driving innovation, while reusable rockets and high-altitude balloons reduce launch costs. Civil engineering construction, agriculture & forestry, transportation, real estate, and urban planning sectors benefit from satellite imagery. Defense & intelligence, homeland security, and infrastructure security are key government sector applications. Space economy growth includes commercial space activities, private spaceflight industry, telecommunication services, and open-source data. Startups and global corporations like Satellogic, GeoterraImage, Imagesat International, MDA Corporation, Planet Labs, and others are expanding technological capabilities with high-resolution cameras and remote sensing technology. Applications include weather occurrences, climate change mitigation, natural resource management, and disaster management. Market restraints include highly trained workers, encrypted data, and big data processing costs. Orbits provide data sources for Earth-imaging satellites, GNSS radio occultation, mapping, natural resources survey, and more. Satellite analytics offer insights into the macroscopic environment, supporting science, research, and development for defiance, urban development, and smart city initiatives. Market growth includes space programs, population reference bureau, and infrastructure facilities. Technological advancements in satellite imagery, meteorology, cartography, ocean salinity, ice thickness, agricultural health, air quality, and orbits contribute to market expansion. 

In the last decade, the number of small satellites, or SmallSats and CubeSats, launched into Earth’s orbit has seen a substantial rise. Ranging from a shoebox to a washing machine in size and weighing as little as 10 kilograms, these satellites offer a cost-effective and low-capital investment alternative. The affordability of SmallSats has fueled their popularity, particularly in scientific research and Earth observation applications. A larger constellation of these satellites can significantly enhance data collection capabilities. 

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Market Challenges

The Satellite-based Earth Observation market is thriving, with applications in various sectors including defense, border monitoring, disaster management, military missions, and civil engineering construction. Defense and intelligence agencies use high-resolution imagery for reconnaissance and security purposes. In the civil sector, satellite imagery is essential for urban planning, infrastructure security, and homeland security. Agriculture, forestry, transportation, real estate, and telecommunication services also benefit from satellite imagery for monitoring and analysis. Challenges in this market include the high cost of launching and producing satellites, the need for highly trained workers, and the secure handling of encrypted data. Reusable rockets and mass production are potential solutions to reduce launch costs. The use of satellite imagery extends to non-military purposes such as environmental monitoring, meteorology, cartography, and natural resource management. The market is driven by technological capabilities, including high-resolution cameras and remote sensing technology. However, market restraints include recessions, space programs, and competition from drones, high-altitude balloons, and unmanned aerial vehicles. Startups like Satellogic, GeoterraImage, Imagesat International, MDA Corporation, Planet Labs, and global corporations are investing in satellite imagery and analytics for various industries. The market also includes spy satellites and open-source data for scientific research and development. The space economy is growing with commercial space activities and the private spaceflight industry. The market is expected to grow further with smart city initiatives, infrastructure facilities, population growth, and the need for climate change mitigation and natural catastrophe prevention.The satellite-based Earth observation market faces notable competition from emerging high-altitude observational technologies, including UAVs, drones, and stratospheric balloons (stratolites). These balloons can carry telescopes and sensors, ranging from lightweight to heavy, up to 40,000 meters, offering cost-effective Earth observation for service providers and researchers. Stratolites are also beneficial for validating satellite data, as they experience less interference. Companies like Google and World View Enterprises invest in high-altitude balloon R&D, posing a growing threat to satellite-based Earth observation. This trend is expected to expand, with applications in weather forecasting and meteorological data acquisition.

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Segment Overview

This satellite-based earth observation market report extensively covers market segmentation by

Application 1.1 Defense1.2 Weather1.3 LBS1.4 Energy1.5 OthersType 2.1 VAS2.2 DataGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Defense-  The defense segment held a substantial share in the global satellite-based Earth observation market in 2023. This trend is attributed to increasing defense spending on satellite technologies for surveillance, security, and intelligence purposes by emerging nations like China, India, and Russia. In September 2022, Airbus SE secured 15-year contracts with the Czech Republic and Netherlands defense ministries to provide satellite communications. The Czech Republic and Netherlands armed forces will utilize two and three channels, respectively, of Airbus’ UHF military communications hosted payload on EUTELSAT 36D. Launch scheduled for 2024, such agreements strengthen civil contractors’ presence in the military domain. The defense segment is projected to witness growth through hybrid procurement, combining public-private partnerships and proprietary application/data purchase framework contracts, due to budgetary constraints, low utilization rates, and industry competitiveness enhancement.

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Research Analysis

The Satellite-based Earth Observation market is a dynamic and growing industry that provides valuable insights and data about the Earth through various applications. This market caters to diverse sectors including Defense, Border monitoring, Disaster management, Military missions, and Civil engineering & construction. High-resolution imaging services are essential for Defense & intelligence, Agriculture & forestry, Transportation, Real estate, and Urban planning. Big data technology plays a crucial role in processing and analyzing vast amounts of satellite imagery. Reusable rockets and alternative earth observation methods like high-altitude balloons, Unmanned Aerial Vehicles (UAVs), and drones are also gaining popularity. The market encompasses Telecommunication services, Space economy, Commercial space activities, and the Private spaceflight industry. Satellite imagery is used for various purposes such as Infrastructure security, Homeland security, Border mapping, and Infrastructure development.

Market Research Overview

The Satellite-based Earth Observation market encompasses various applications including defense sector, border monitoring, disaster management, military missions, and civil engineering construction. Big data technology plays a crucial role in processing high-resolution imagery for defense & intelligence, agriculture & forestry, transportation, real estate, and urban planning. Reusable rockets and high-altitude balloons are transforming the space economy, enabling commercial space activities and private spaceflight industry. Telecommunication services and satellite imagery are essential for government sector initiatives, smart city development, and infrastructure security. Earth-imaging satellites provide valuable data sources for meteorology, cartography, ocean salinity, ice thickness, agricultural health, air quality, and natural resource management. Technological capabilities include high-resolution cameras, remote sensing technology, and satellite analytics. Market growth is driven by the need for natural catastrophe prevention, climate change mitigation, and scientific research and development. However, market restraints include highly trained workers, encrypted data security, big data management, launch costs, and satellite production. Startups and global corporations are investing in satellite imagery, orbits, and data sources to address various industries and applications. Satellogic, GeoterraImage, Imagesat International, MDA Corporation, Planet Labs, and others are leading the way in satellite innovation. Non-military purposes include environmental monitoring, weather occurrences, and open-source data. Space programs and urban development are also significant markets for satellite-based Earth observation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationDefenseWeatherLBSEnergyOthersTypeVASDataGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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CasinoPartiesLLC.com Expands Premier Casino Party Rentals in Manhattan, NY — Authentic Tables, Professional Dealers, Custom Packages for Corporate & Private Events

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Top-rated Manhattan casino party rental company offers fully staffed blackjack, roulette and craps experiences to elevate corporate events, weddings and private parties across New York City

MANHATTAN, N.Y., May 2, 2026 /PRNewswire-PRWeb/ — CasinoPartiesLLC.com, a leading provider of casino party rentals in Manhattan, NY, today announced expanded availability and new customizable event packages for corporate events, private parties, fundraisers and weddings throughout New York City. With authentic casino tables, professional and entertaining dealers, premium play-money chips and signage, CasinoPartiesLLC.com delivers a turnkey casino entertainment experience that brings the excitement of Las Vegas to Manhattan venues.

“CasinoPartiesLLC.com delivers authentic casino table rentals and professional dealers throughout Manhattan, NY — offering turnkey, customizable packages that transform corporate events, weddings and fundraisers into high‑energy, engaging experiences across Midtown, Chelsea and the Upper East Side.”

Focused on delivering safe, legal and memorable experiences, CasinoPartiesLLC.com offers:

Casino table rentals: blackjack, roulette, craps, poker tables sized for intimate and large gatheringsProfessional dealers and croupiers trained in guest interaction and game managementFully customizable packages: themed décor, tournament-style play, prize support, and multi-table setupsPortable, all-inclusive service: setup, teardown, on-site management, and event coordinationService across Manhattan neighborhoods and greater NYC, including Midtown, Upper East Side, Chelsea, and downtown venues

“Our Manhattan clients want authentic casino entertainment without the hassle of sourcing equipment or personnel,” said Ismael Qureshi, CEO of CasinoPartiesLLC.com. “We specialize in seamless casino party rentals in Manhattan, NY, providing professional dealers and tailored packages that fit corporate budgets and private event needs while complying with local regulations.”

Benefits for Manhattan event planners and hosts:

Boost guest engagement with interactive casino entertainmentEasy logistics with single-vendor solutions for gaming, staffing and prize handlingScalable options for small private parties to large corporate galasProven experience executing events in Manhattan hotels, event spaces and private residences

Booking and availability:

CasinoPartiesLLC.com is currently accepting bookings for summer and fall events across Manhattan and greater New York City. Early reservations are recommended to secure preferred dates, table counts and themed packages.

About CasinoPartiesLLC.com:

CasinoPartiesLLC.com is a premier provider of casino party rentals in Manhattan, NY and the New York City area. Specializing in staffed casino tables, custom event packages and professional service, CasinoPartiesLLC.com helps event planners and hosts create high-energy, memorable experiences for corporate functions, weddings, fundraisers and private celebrations. For more information or to request a quote, visit https://www.CasinoPartiesLLC.com.

Media contact:

Ismael Qureshi

President

CasinoPartiesLLC.com

Phone: (917) 829-8481

Email: Sales@casinopartiesLLC.com

Website: https://www.CasinoPartiesLLC.com

Media Contact

Ismael Qureshi, ISH Events LLC, 1 (917) 829-8481, Ismael@CasinoPartiesLLC.com, CasinoPartiesLLC.com

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PS Hogan highlights investments from Spring Economic Update 2026: Canada Strong for All to support Canada’s sport system

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CALGARY, AB, May 2, 2026 /CNW/ – In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders and our way of life.

We delivered concrete savings for Canadians while supporting key national priorities and keeping investments focused on results. We are maintaining a strong fiscal position, with the Spring Economic Update 2026 showing that projected deficits are lower over the fiscal horizon and that we are on track to meet our fiscal anchors.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All. It provides a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Today, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation, met with athletes at Foothills Athletic Park to highlight key investments in sport from the Spring Economic Update to build stronger and safer communities.

The Government of Canada is investing $755 million to support and expand Canada’s sport system, which will help athletes safely train and perform at the highest levels. This will increase sport participation across the country by strengthening national sport organizations, infrastructure and local sport communities.

Canada’s new government is transforming our economy from reliance to resilience. The Spring Economic Update 2026 ensures all Canadians can participate in building Canada strong and share in its success. Other key measures include:

The Canada Strong Fund — Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies. While Canadians will benefit from these nation building projects through jobs, economic growth and greater security, the government is determined to ensure that Canadians also have a stake in the projects themselves. That’s why a unique and important feature of the Canada Strong Fund will be its new retail investment product. This allows Canadians to receive financial returns as we build Canada strong together.Team Canada Strong — a new nationwide effort to recruit, train and hire 80,000 to 100,000 new skilled trade workers by 2030–31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.Building Stronger Communities — by making communities safer, more connected and more resilient. We are building more homes, getting tougher on crime and fraud and funding essential infrastructure, including small craft harbours that sustain coastal communities and local jobs. We are also investing to build healthier, safer and stronger Indigenous communities.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quote

“The Spring Economic Update 2026 builds on the momentum of our budget, combining strategic investments with sustained fiscal discipline to keep building Canada Strong for All — delivering prosperity today and strengthening our economy for tomorrow. At this pivotal moment in Canada’s history, we’re charting a course through the fog of uncertainty and global headwinds with strength, determination and ambition — and building one strong Canadian economy, by Canadians, for Canadians.”
— The Honourable François-Philippe Champagne, Minister of Finance and National Revenue 

“The Government of Canada is building Canada Strong by investing in what brings us together — our people, our communities and our athletes. By strengthening the foundation of Calgary and  Canada’s sport system, we are building a resilient economy and strong communities for all.”
— Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation

Quick Facts

The Spring Economic Update 2026 proposes to provide $755 million over five years, starting in 2026–27, and $118 million ongoing to Canadian Heritage to support Canada’s sport system to: Host and compete with the best: $50 million over five years to bring more world-class sporting events to Canada. Funding will be tied to legacy-building projects that deliver lasting benefits well beyond the events themselves. Facilities built or upgraded for major events will continue to serve communities, support grassroots participation and strengthen local sport systems for years to come. Support our athletes in performing at the highest levels: $45 million over five years and $8 million ongoing to help our athletes train, compete and perform, including support for better mental health and funding that will be linked to robust safe sport measures and frameworks. These actions will strengthen the sport system and respond to some of the findings of the Final Report of the Future of Sport in Canada Commission while the government continues to consider all of its Calls to Action. Get more Canadians involved in sport: $660 million over five years and $110 million ongoing for National Sport Organisations, increasing funding that has remained largely unchanged since 2005, so that they can invest in a strong and safe sport system and grow participation among children and youth nationwide.

Related products

Spring Economic Update 2026: Canada Strong for AllSpring Economic Update 2026: Key MeasuresSpring Economic Update 2026: Address by the Minister of Finance and National Revenue  

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SOURCE Natural Resources Canada

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POVADDO AND PROLEGIS ANNOUNCE STRATEGIC PARTNERSHIP TO EXPAND ACCESS TO PUBLIC POLICY PROFESSIONALS FOR OPINION RESEARCH

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Partnership connects policy professionals using Prolegis’ modernized Congressional platform with Povaddo’s exclusive paid research panel, combining forces to serve the policymaking community

ST. LOUIS and WASHINGTON, May 2, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, has announced a strategic partnership with Prolegis, a nonpartisan technology platform serving thousands of policy professionals in Congress and the advocacy community. The partnership will expand the reach of the Povaddo Panel—an exclusive network of nearly 5,000 public policy professionals worldwide—while providing Prolegis users new opportunities to contribute their expertise to policy research.

Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, the platform serves as a natural intersection where policy professionals and issue advocacy campaigns meet, making it an ideal environment for connecting researchers with the experts shaping public policy.

Beginning this month, users of the Prolegis platform will be invited to join the Povaddo Panel and become eligible to participate in research studies tailored specifically for public policy professionals.

“There is no shortage of so-called ‘expert network’ firms, but Povaddo is setting the standard when it comes to building the most rigorous and credible network of public policy professionals in the U.S. and beyond,” said William Stewart, President of Povaddo. “What makes Prolegis the right partner is the quality and relevance of their community—these are precisely the professionals our clients most want to hear from. Prolegis users are actively engaged in policy work daily, making them ideal participants for our research studies. This partnership will meaningfully accelerate our efforts.”

“Prolegis exists to serve the policy community with tools that make their work more effective,” said Jim Gianiny, CEO of Prolegis. “Partnering with Povaddo allows our users to contribute their expertise in a new way and take part in rigorous research that helps organizations better understand the policy landscape. It’s a natural extension of what our platform already does: connecting policy professionals with the resources and opportunities that matter to their work.”

Launched in 2018, the Povaddo Panel was built to meet growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including over 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress.

This partnership is part of a broader period of momentum for Povaddo. The company recently announced it is launching a quarterly omnibus survey among public policy professionals in the United States and Europe.

“Companies and other organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new way of doing that. Our new omnibus survey among public policy professionals fills an important need in the research services marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service among public policy professionals.

Additionally, Povaddo recently released select findings from its survey of public policy professionals in the U.S. and Europe regarding their attitudes towards AI. In an era when political consensus is elusive, this study finds widespread agreement within policy communities on both sides of the Atlantic that government regulation of AI should be increased.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations seeking to navigate complex issues management, strategic communications, corporate reputation, and business transformation challenges. Most of the firm’s clients sit within external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, business planning and strategy. For more information, please visit www.povaddo.com.

About Prolegis: Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, Prolegis delivers innovative solutions, efficient tools, and engaging content, all on one easy-to-use platform. The platform serves Congressional staff, think tank scholars, and public affairs professionals, creating a unique intersection where policy expertise and advocacy meet. For more information, please visit www.prolegis.com.

Media Inquiries: William Stewart, +1 (855) 768-2336, stewart@povaddo.com

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SOURCE POVADDO LLC

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