Market Trends of Germany Satellite Imagery Services Industry
The country's Investments in Space Technology and Defense Drives the Market
- The German Space Center at DLR, Germany's space agency, has implemented the country's Federal Government's space strategy and partnered with global satellite imagery service providers to use their satellite imagery data for developing disaster management solutions, creating an opportunity for the market in the country.
- For instance, in July 2023, European Space Imaging, a very high-Resolution satellite imagery provider, announced a multi-million-euro investment into its ground station at the German Aerospace Center near Munich. This strategic upgrade extends the ability for EUSI to deliver imagery with high speed and efficiency, solidifying its position as a hub for the best satellite imagery technology in Germany.
- The country is a part of the European Union and has been availed of funding from EU councils to develop its space programs, which creates an opportunity for market growth in the country. For instance, in May 2023, The European Investment Fund, supported by the European Recovery Programme (ERP) of the German government, announced the investment of EUR 60 million in equity to Alpine Space Ventures (ASV), a Germany-based venture capital fund.
- In addition, the capital investment would be used in the country's NewSpace sector, which includes the private space industry in areas from private launch to high-speed internet constellations, earth observation satellites, etc., which would fuel the availability of earth imagery data in the country and would support the growth of earth imagery-based services in Germany.
- The country has set an objective to reach a NATO target of spending 2% of the gross domestic product on defense in 2024, which would increase the satellite imagery service-based military applications for security, surveillance, Intelligence, etc., in the country, and would support the market growth in Germany during the forecast period. For instance, According to SIPRI, Germany's military spending in 2023 is USD 66.8 Billion.
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The Application in Natural Resource Management Contributes a Major Portion of The Market Share
- Germany has prioritized natural resource management for a sustainable future, creating a market opportunity for satellite imagery in the country because satellite images can provide spatial resolutions of up to 30 centimeters for better analysis, assessment, and monitoring of natural resources.
- For instance, in November 2022, the scientific management department of the German Research Centre for Geosciences successfully launched the German environmental satellite EnMAP after it passed all tests, which would generate satellite imagery data for monitoring of arid regions, soils, agricultural areas, and ecological pollution to water and snow areas, would drive the market for satellite imagery services in the country.
- In addition, EnMAP, the Environmental Mapping and Analysis Program satellite, would acquire images of the Earth's surface in around 250 colors ("spectral bands") and would provide information on the condition of vegetation, soils, and waters with accuracy, which shows the demand of satellite imagery services in managing the natural resources in Germany during the forecast period.
- The Federal Cabinet adopted the National Water Strategy to protect Germany's natural water reserves in March 2023, has taken precautionary measures to prevent water scarcity, avoid conflicts of use, tackle the backlog in modernizing the water infrastructure, and improve the status of water bodies and water quality, which could create an opportunity for the satellite imagery services due to its application in enabling environmental scientist to develop and monitor development plans more effectively. According to wafg, in 2023, the average German consumed an average of roughly 6.4 liters of flavored water.
- Satellite imagery-based observations can give consistent data to make decisions, identify problems and take actions to protect the natural environment, plan for help after disasters, and detect and predict changes to save the natural resources of the country, fueling the adoption of satellite imagery services in Germany.
