ASEAN Satellite-based Earth Observation Market Size (2024 - 2029)

The ASEAN Satellite-based Earth Observation Market is experiencing growth driven by the region's focus on enhancing disaster risk reduction, land use management, and agricultural monitoring through satellite technology. Governments in ASEAN countries are bolstering their satellite ecosystems, facilitated by collaborations between satellite data providers and operators, which are transforming disaster response and environmental monitoring. The market's expansion is supported by the broad application of satellite-based observations for rapid disaster assessment and environmental change monitoring. However, challenges such as high costs, the need for extensive knowledge and computational capacity, and complex security procedures may hinder some businesses from fully utilizing these services.

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Market Size of ASEAN Satellite-based Earth Observation Industry

ASEAN Satellite-based Earth Observation Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.2 Billion
Market Size (2029) USD 0.37 Billion
CAGR (2024 - 2029) 12.59 %
Market Concentration Medium

Major Players

ASEAN Satellite-based Earth Observation Market Major Players

*Disclaimer: Major Players sorted in no particular order

ASEAN Satellite-based Earth Observation Market Analysis

The ASEAN Satellite-based Earth Observation Market size is estimated at USD 0.2 billion in 2024, and is expected to reach USD 0.37 billion by 2029, growing at a CAGR of 12.59% during the forecast period (2024-2029).

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.

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-user (urban development and cultural heritage, agriculture, dlimate services, energy and raw materials, infrastructure, Others), and country (Thailand, Indonesia, Malaysia, Philippines, Others). 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
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ASEAN Satellite-based Earth Observation Market Size Summary

The ASEAN Satellite-based Earth Observation Market is experiencing significant growth, driven by the region's increasing focus on utilizing satellite technology for various applications such as disaster risk reduction, land use management, and agricultural monitoring. Governments in countries like Singapore and Thailand are enhancing their satellite ecosystems through collaborations between satellite data providers and operators. This collaboration is transforming disaster response and environmental monitoring, thereby propelling market expansion. The broad applicability of satellite-based earth observation in assessing natural disaster damage, monitoring environmental changes, and overseeing infrastructure development is further fueling market adoption. However, challenges such as high costs of data collection and processing, along with the need for extensive knowledge and computational capacity, pose constraints for some businesses.

The market is also supported by governmental investments in satellite-based earth observation frameworks to improve natural resource management. Initiatives like Sentinel Asia and collaborations with global programs such as Copernicus are expanding the market by providing satellite technology for disaster management and environmental monitoring. The ASEAN region is witnessing increased adoption of satellite-based EO data services for various applications, including climate change mitigation and infrastructure monitoring. The market is semi-consolidated, with major players like ST Engineering, Spire Global Inc, and Airbus SE partnering with local vendors to offer enhanced EO data services. These developments indicate a robust growth trajectory for the satellite-based earth observation market in the ASEAN region, driven by technological advancements and strategic collaborations.

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ASEAN Satellite-based Earth Observation Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Buyers

      2. 1.2.2 Bargaining Power of Suppliers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Earth Observation Data

      2. 2.1.2 Value Added Services

    2. 2.2 By Satellite Orbit

      1. 2.2.1 Low Earth Orbit

      2. 2.2.2 Medium Earth Orbit

      3. 2.2.3 Geostationary Orbit

    3. 2.3 By End-use

      1. 2.3.1 Urban Development and Cultural Heritage

      2. 2.3.2 Agriculture

      3. 2.3.3 Climate Services

      4. 2.3.4 Energy and Raw Materials

      5. 2.3.5 Infrastructure

      6. 2.3.6 Others

    4. 2.4 By Country

      1. 2.4.1 Thailand

      2. 2.4.2 Indonesia

      3. 2.4.3 Malaysia

      4. 2.4.4 Philippines

      5. 2.4.5 Others

ASEAN Satellite-based Earth Observation Market Size FAQs

The ASEAN Satellite-based Earth Observation Market size is expected to reach USD 0.2 billion in 2024 and grow at a CAGR of 12.59% to reach USD 0.37 billion by 2029.

In 2024, the ASEAN Satellite-based Earth Observation Market size is expected to reach USD 0.2 billion.

ASEAN Satellite-based Earth Observation Market Report Snapshots

ASEAN Satellite-based Earth Observation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)