Market Share of Canada Satellite-based Earth Observation Industry
Canada satellite-based earth observation market is consolidated, with the presence of major players like Airbus Defense and Space, Geo Optics Inc., MDA Corporation (Maxar Technologies), Planet Labs Inc., Inmarsat plc., L3Harris Technologies, Inc., Thales Group, TS2 Space, TerreStar Solutions Inc., and Telesat Canada. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In May 2023, the Canadian Space Agency (CSA) granted a contract to ExactEarth Ltd., a Spire Global, Inc. subsidiary, to do preparatory work for the implementation stages of a wildfire monitoring satellite. The contract calls for daily monitoring of all current wildfires in Canada from space to aid in wildfire management, to give Canadians more exact information on smoke and air quality conditions, and to estimate better the carbon emitted by wildfires.
In October 2022, Canada announced more funding for the NASA-led atmospheric monitoring system in the amount of USD 200 million to assist in launching a series of satellites that will help monitor and respond to climate change.
Canada Satellite-based Earth Observation Market Leaders
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Airbus Defense and Space
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Geo Optics Inc.
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MDA Corporation (Maxar Technologies)
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Planet Labs Inc.
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Inmarsat plc.
*Disclaimer: Major Players sorted in no particular order
