European (Excluding UK) Satellite Imaging for Agriculture Markets to 2028: Rising Demand for Improved and Sustainable Agricultural Practices Fueling Adoption and Growth

News provided by

Feb 02, 2024, 11:45 ET

DUBLIN, Feb. 2, 2024 /PRNewswire/ -- The "Europe Satellite Imaging for Agriculture Market: Analysis and Forecast, 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The Europe satellite imaging for agriculture market (excluding U.K.) was valued at $65.5 million in 2023, and it is expected to grow with a CAGR of 7.51% during the forecast period 2023-2028 to reach $94.12 million. The satellite imaging for agriculture technology market is poised for growth due to the rising demand for improved and sustainable agricultural practices.

The Europe Satellite Imaging for Agriculture Market is currently undergoing substantial growth, driven by the escalating adoption of advanced technologies within the agricultural sector across European nations.

Renowned for their emphasis on agricultural productivity and sustainability, European countries are increasingly embracing satellite imaging as a valuable tool for precise crop monitoring, soil health assessment, and the optimization of irrigation and fertilization practices. This technology facilitates early detection of pests and diseases, resource allocation optimization, and accurate crop yield predictions.

The market enjoys the presence of numerous satellite imaging service providers and benefits from the integration of cutting-edge technologies like remote sensing and artificial intelligence, streamlining data analysis and generating actionable insights. As Europe continues to prioritize sustainable agriculture and precision farming practices, the satellite imaging for agriculture market is poised for significant growth, contributing to enhanced agricultural productivity and environmental preservation throughout the region.

How can this report add value to an organization?

Product/Innovation Strategy

The product segment helps the reader understand the different technologies used for satellite imaging for agriculture and their potential. Moreover, the study gives the reader a detailed understanding of the different solutions provided by the satellite imaging technology providers, such as imaging, processing, and analyzing. Compared to conventional agricultural methods, satellite imaging technology enables more exact targeting of planting, soil mapping, and forestry, allowing farmers to save money by maximizing the use of their inputs.

Growth/Marketing Strategy

The Europe satellite imaging for agriculture market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnerships, collaborations, and joint ventures to strengthen their position in the Europe satellite imaging for agriculture market.

Competitive Strategy

Key players in the Europe satellite imaging for agriculture market analyzed and profiled in the study involve satellite imaging technology-based product manufacturers, including market segments covered by distinct product kinds, applications served, and regional presence, as well as the influence of important market tactics employed.

Moreover, a detailed competitive benchmarking of the players operating in the Europe satellite imaging for agriculture market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

Airbus
European Space Imaging
Gamaya
ICEYE
Open Cosmos Ltd
Syngenta
SpaceSense

Key Topics Covered:

Executive Summary

Scope of the Study

1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Ongoing Trends
1.1.2.1 Development of Small Satellite Constellations
1.1.2.2 Integration with other technologies
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums, Associations, and Regulatory Bodies
1.1.3.2 Government Initiatives and Impacts
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Requirements from Insurance Sector
1.2.1.2 Increasing Farm Consolidation
1.2.1.3 High Benefits over Other Remote Sensing Technology and Infield Monitoring Technology
1.2.1.4 Need for Sustainable Agriculture Practices
1.2.2 Business Challenges
1.2.2.1 Technical Challenges in Obtaining and Analyzing Satellite Imagery
1.2.2.1.1 Hindrance Due to Cloud Cover
1.2.2.1.2 Hindrance due to Spatial and Temporal Resolution
1.2.2.2 Limited Awareness and Understanding across Developing Countries
1.2.2.3 Geopolitical Issues
1.2.3 Market Strategies and Developments
1.2.3.1 Business Strategies
1.2.3.1.1 Product Developments
1.2.3.1.2 Market Developments
1.2.3.2 Corporate Strategies
1.2.3.2.1 Mergers and Acquisitions
1.2.3.2.2 Partnerships, Collaborations, and Joint Ventures
1.2.3.2.3 Snapshot of Corporate Strategies Adopted by the Key Players in the Market
1.2.3.3 Case Study
1.2.3.3.1 Airbus in Yield Optimization
1.2.3.3.2 Planet Labs PBC in Irrigation Intelligence
1.2.3.3.3 EOS Data Analytics,Inc in Precision Agriculture
1.2.4 Business Opportunities
1.2.4.1 Rising Threat of Climate Risk
1.2.4.2 Artificial Intelligence (AI) and Machine Learning (ML) in Action
1.2.4.3 Tapping Small Holding Farmer with Affordable Solutions
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
1.3.2 Funding Analysis
1.3.2.1 Total Investment and Number of Funding Deals
1.3.2.2 Top Funding Deals by the Start-ups
1.3.2.3 Funding Analysis (by Country)
1.3.2.4 Top Investors
1.4 Active Satellites for Digital Agriculture Application and their Technicalities
1.5 Impact of Russia-Ukraine Crisis on the Satellite Imaging for Agriculture Market

2 Region
2.1 Satellite Imaging for Agriculture Market - by Region
2.2 Europe
2.2.1 Markets
2.2.1.1 Key Providers in Europe
2.2.1.2 Buyer Attributes
2.2.1.2.1 Farm Size, Number of Farms, and State of Digitalization
2.2.1.2.2 Crop Pattern, Biotic, and Abiotic Stress Factors
2.2.1.3 Business Challenges
2.2.1.4 Business Drivers
2.2.2 Applications
2.2.2.1 Europe Satellite Imaging for Agriculture Market (by Application)
2.2.2.2 Europe Satellite Imaging for Agriculture Market (by End User)
2.2.3 Products
2.2.3.1 Europe Satellite Imaging for Agriculture Market (by Product)
2.2.4 Europe (by Country)
2.2.4.1 Italy
2.2.4.1.1 Markets
2.2.4.1.1.1 Buyer Attributes
2.2.4.1.1.1.1 Farm Size, Number of Farms, and State of Digitalization
2.2.4.1.1.1.2 Crop Pattern, Biotic, and Abiotic Stress Factors
2.2.4.1.1.2 Business Challenges
2.2.4.1.1.3 Business Drivers
2.2.4.1.2 Application
2.2.4.1.2.1 Italy Satellite Imaging for Agriculture Market (by Application)
2.2.4.1.2.2 Italy Satellite Imaging for Agriculture Market (by End User)
2.2.4.1.3 Product
2.2.4.1.3.1 Italy Satellite Imaging for Agriculture Market (by Product)
2.2.4.2 France
2.2.4.3 Netherlands
2.2.4.4 Germany
2.2.4.5 Switzerland
2.2.4.6 Belgium
2.2.4.7 Spain
2.2.4.8 Rest-of-Europe

3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Share Analysis
3.3 Company Profiles
3.3.1 Company Overview
3.3.1.1 Role in the Satellite Imaging for Agriculture Market
3.3.1.2 Product Portfolio
3.3.2 Business Strategies
3.3.2.1 Product Development
3.3.3 Corporate Strategies
3.3.3.1 Partnership, Joint Venture, Collaboration and Alliance
3.3.4 Customer Profile
3.3.4.1 Target Customer Segment
3.3.4.2 Key Clients
3.3.5 Analyst View
3.3.5.1 Regional Growth

For more information about this report visit https://www.researchandmarkets.com/r/qsmu6o

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets