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

India Satellite-based Earth Observation Industry Overview

The India satellite-based earth observation market is expected to be fragmented in nature. The market consists of various players offering satellite imagery, data analytics, and related services. These players include government agencies, research institutions, private companies, and international organizations. The India satellite-based earth observation market is characterized by a diverse range of public and private players contributing to developing and applying satellite imagery and data analytics for earth observation purposes. Indian Space Research Organisation (ISRO), Antrix Corporation Limited, Maxar Technologies Holdings Inc., EagleView Technologies, Inc., and Karnataka State Remote Sensing Applications Centre (KSRSAC) are a few prominent players operating in the market.

In June 2023, GalaxEye, a space technology business incubated at IIT-Madras, announced plans to develop the first multi-sensor earth observation satellite with a visible spectrum camera that offers synchronized imaging that can take numerous photographs simultaneously. The firm will launch its first satellite, "Drishti Mission," the following year.

In November 2022, Oceansat-3, an Earth observation satellite, and eight other client spacecraft were successfully launched by the Indian Space Research Organisation (ISRO) into two distinct orbits. Oceansat-3 is designed to observe ocean surface temperature, wind vectors, and ocean color data for oceanography, climatology, and meteorological applications. According to the ISRO, the satellite also offers value-added products, including identifying possible fishing zones using SST, wind speed, other data, and land-based applications.