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$ 4.51 Billion growth expected in Satellite-Based Earth Observation Market | 14.29% YOY growth in 2020 amid COVID-19 Spread | APAC to Notice Maximum Growth

Share this article NEW YORK, May 12, 2021 /PRNewswire/   The global satellite-based earth observation market by type (VAS, and data), application (defense, weather, LBS, energy, and other applications), and geography (APAC, Europe, MEA, North America, and South America) has been added to Technavio s offering. The global satellite-based earth observation market is expected to grow by USD 4.51 billion. However, the market growth momentum is expected to decelerate at a CAGR of over 13% during 2020-2024. Technavio has announced its latest market research report titled Satellite-based Earth Observation Market by Type, Application, and Geography - Forecast and Analysis 2020-2024 A large number of EO satellites are expected to be placed into orbit during the forecast period. For instance, the UK has been focusing on maximizing the potential use and application of satellite-based EO for various purposes including economic development, meteorological monitoring and science applications,