Brazil Satellite Imagery Services Market Size (2024 - 2029)

Brazil Satellite Imagery Services Market Analysis

The Brazil Satellite Imagery Services Market is expected to register a CAGR of 9.62% during the forecast period.

Satellite imagery services have emerged as a critical component in infrastructure planning and development. The government uses the information and insights obtained from satellite imagery to support government decision-making, police, civil defense operations, and geographic information systems (GIS) in general. Due to high-resolution imaging these days, data captured through satellite imagery has become mandatory. All such government plans in the future are expected to be submitted based on Satellite Imagery data.

• Disaster risk assessment and mitigation are also expected to increasingly use commercial satellite imaging solutions to improve and expedite their services. With the technology enabling 3D GIS and digital mapping, satellite imaging solutions have become an enormous enabler for better mapping. 3D models support task presentation, exploration, analysis, and management in various application domains. The 3D GIS is an effective solution for more extensive and remote locations where a manual survey is complex. Google Earth and similar map solutions have helped expedite commercial applications, prompting the vendors to build such a database and keep it updated to offer it for business applications.
• Forestry, agriculture, and mining are other similar end-user verticals that are expected to experience an increased use of these solutions over the forecast period. For instance, for the feasibility stages of mineral exploration, it becomes crucial to know about the mineral potentiality of the region considered for mineral extraction. In such scenarios, satellite remote sensing-based mapping and its integration in a GIS platform help map the potential mineral zones, saving time and resources.
• In 2022, TerraMagna, a Brazilian rural lending fintech, was represented by Foley & Lardner LLP in a USD 40 million debt and equity investment round headed by SoftBank Latin America Fund and Shift Capital. Milenio Capital, as well as other existing investors, took part in the round. TerraMagna partners with distributors and enterprises with long-standing local relationships with small and medium-sized farmers to provide loans. Satellite imagery, government statistics on environmentalism, temperature data, and information from the notary are among the data sources examined by the startup.
• On the contrary, aerial and terrestrial imaging solutions pose a significant challenge to the growth of the market studied, as they provide better resolution than satellite imaging. In addition, the inability of satellites to work in adverse weather circumstances, such as snow, fog, and cloud cover, also restricts the market growth. Aerial imaging can be carried out under cloud cover, with minor corrections applied during post-processing. This guarantees cloud-free data delivery. Due to low altitude acquisition, aerial data does not suffer from atmospheric effects, which can impact the quality of the data in satellite imagery.

Brazil 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 Brazil satellite imagery services market is segmented by application (geospatial data acquisition and mapping, natural resource management, surveillance and security, conservation and research, disaster management, and intelligence) and end-user (government, construction, transportation and logistics, military and defense, forestry and agriculture, and other end-users).

The market sizes and forecasts are provided in terms of value USD for all the above segments.