Reported about 11 hours ago
The global Earth Observation (EO) market is projected to surpass $8 billion by 2033, growing from its current value of $5 billion, according to Novaspace's report. This growth is fueled by increased defense contracts and advancements in high-resolution imaging and 3D capabilities. North America leads the market with 44% of revenue, followed by Europe at 22%, while Asia is anticipated to experience the most significant growth, aiming for 23% market share by 2033 due to rising investments and demand.
Source: YAHOO