South Korea Satellite-Based Earth Observation Market Size, Share, and COVID-19 Impact Analysis, By Application (Defense & Intelligence, Weather Monitoring, Agriculture, Maritime, Urban Planning), By Technology (Optical, SAR), and South Korea Satellite-Based Earth Observation Market Insights, Industry Trend, Forecasts to 2035.

South Korea Satellite-Based Earth Observation Market Insights Forecasts to 2035

• The South Korea Satellite-Based Earth Observation Market Size was estimated at USD 325 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.83% from 2025 to 2035
• The South Korea Satellite-Based Earth Observation Market Size is Expected to Reach USD 912 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Satellite-Based Earth Observation Market Size is anticipated to reach USD 912 Million by 2035, growing at a CAGR of 9.83% from 2025 to 2035. Some of the major factors propelling the market include the growing need for precise and real-time data, the implementation of various government initiatives, the integration of artificial intelligence (AI) and machine learning (ML), and the expanding technological advancements in satellite communication and aerospace.

Market Overview

The South Korean satellite-based Earth observation market Using satellites to gather information about the Earth's surface, atmosphere, and seas is part of the satellite-based Earth observation market in South Korea. Advanced sensors and imaging technology on these satellites allow them to gather geographical data, including high-resolution photographs. Applications for the collected data include agricultural, urban planning, disaster management, environmental monitoring, and defense. Additionally, the market for satellite-based earth observation in the nation is being driven largely by the expanding government programs and investments. In recent years, the Korean government has made large investments in space initiatives, which has boosted the market's growth rate. For example, three remote sensing satellites worth USD 264 million were approved by the South Korean Ministry of Science and ICT for use in space science, resource management, and environmental monitoring. Moreover, the Private businesses are increasingly offering satellite-based Earth observation services due to the need for high-resolution pictures in fields including disaster relief, urban planning, and agriculture.

Report Coverage

This research report categorizes the market for the South Korea satellite-based earth observation market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea satellite-based earth observation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea satellite-based earth observation market.

Driving Factors

The market is expanding because to the growing demand for precise and up-to-date data in industries including natural resource management, urban planning, and agriculture. Additionally, the market is expanding significantly due to the extensive use of satellite-based earth observation in a variety of applications, such as flood forecasting, forest fire detection, and the monitoring of illicit fishing activities. Additionally, the market is growing as a result of the growing integration of machine learning (ML) and artificial intelligence (AI) algorithms to evaluate the massive volumes of data collected, improve decision-making processes, and make the information more actionable. In addition, the market is expanding because of the increased private sector participation brought about by liberalized regulations and funding for new businesses that focus on satellite-based services.

Restraining Factors

The dynamics of regional security, especially with regard to North Korea, have an impact on South Korea's aspirations to construct its own military reconnaissance satellites. Although the goal of these technologies is to improve national security, they also exacerbate geopolitical tensions and have the potential to spark a space technology arms race that would affect global cooperation and market stability.

Market Segmentation

The South Korea satellite-based earth observation market share is classified into application and technology.

• The defense & intelligence segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea satellite-based earth observation market is segmented by application into defense & intelligence, weather monitoring, agriculture, maritime, urban planning. Among these, the defense & intelligence segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. the market for satellite-based earth observation in South Korea as a result of the nation's emphasis on strengthening national security and growing geopolitical tensions. For military operations, threat detection, and border monitoring, the South Korean government has boosted its investments in satellite-based surveillance. This dedication is demonstrated by initiatives like the 425 Project, which intends to place military reconnaissance satellites.

• The optical segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea satellite-based earth observation market is segmented by technology into optical and SAR. the market for satellite-based earth observation in South Korea because of its capacity to deliver high-resolution, real-time imagery for uses like national security, environmental monitoring, and urban planning. Programs like the Korean Multi-Purpose Satellite (KOMPSAT) series, which provide detailed optical images for both defense and civilian applications, demonstrate the South Korean government's emphasis on improving optical satellite capabilities.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea satellite-based earth observation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Satrec Initiative Co., Ltd.
• Dabeeo Inc.
• Geofocus Co., Ltd.
• Airbus
• Korea aerospace industries ltd
• Others

Recent Developments:

• In April 2024, Thales Alenia Space contributed to this program, which was created in collaboration with Korean Aerospace Industries (KAI) and Hanwha Systems Corporation (HSC) for the Korean Agency for Defence and Development (ADD) as the prime developer. Their involvement went beyond the engineering assistance provided during the crucial stages of the End-to-End System and Satellite System projects. It also included the provision of their high-performance Synthetic Aperture Radar (SAR), which utilized a novel antenna consisting of an active phased array feed array in dual polarization and a large deployable reflector with 24 deployable petals.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea satellite-based earth observation market based on the below-mentioned segments:

South Korea Satellite-Based Earth Observation Market, By Application

• Defense & Intelligence
• Weather Monitoring
• Agriculture
• Maritime
• Urban Planning

South Korea Satellite-Based Earth Observation Market, By Technology

• Optical
• SAR