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

Japan Satellite-based Earth Observation Industry Overview

The Japan satellite-based earth observation market is relatively fragmented, with multiple players operating in the industry. In Japan, various government agencies, research institutions, private companies, and international collaborations contribute to developing and utilizing satellite-based Earth observation technologies. The market fragmentation can be attributed to several factors, including the evolving nature of satellite technology, the diversity of applications, and different niche markets within the broader Earth observation industry. A few of the prominent market players include the Japan Aerospace Exploration Agency (JAXA), PASCO Corporation, Airbus SE, NEC Corporation, and the Remote Sensing Technology Center of Japan (RESTEC).

In February 2023, Axelspace and New Space Intelligence entered into a strategic relationship. Japan-based New Space Intelligence offers modern satellite image analysis services. Through this relationship, the companies will collaborate to advance the growth of satellite data usage. The businesses will work together primarily to create innovative applications employing satellite imagery and broaden service offerings to international markets.

In January 2023, Skyloom and Space Compass, a joint venture between NTT and SKY Perfect JSAT, declared that the firms had finalized their collaboration, including the launch of SkyCompass-1, their first geostationary-based (GEO) optical data relay node over Asia-Pacific, by Q4 2024. The team's modern networking and communication solutions will cater to the rapidly expanding Earth-Observation (EO) market for real-time, high-capacity, direct-to-cloud data transfer. The first stage of their collaboration is SkyCompass-1, and over the following few years, the firms hope to grow their GEO constellation to offer more capacity and worldwide coverage.