This article is dedicated to the study of airborne GNSS-R signal processing techniques for water body detection and edge localization using a low-altitude airborne carrier with high rate reflectivity measurements. A GNSS-R setup on-board a carrier with reduced size and weight was developed for this application. We develop a radar technique for automatic GNSS signal segmentation in order to differentiate in-land water body surfaces based on the reflectivity measurements associated to different areas of reflection. Such measurements are derived from the GNSS signal amplitudes. We adapt a transitional model to characterize the changes in the measurements of the reflected GNSS signals from one area to another. We propose an on-line/off-line change detection algorithm for GNSS signal segmentation. A real flight experimentation took place in the context of this work obtaining reflections from different surfaces and landforms. We show, using the airborne GNSS measurements obtained, that the proposed radar technique detects in-land water body surfaces along the flight trajectory with high temporal (50 Hz ) and spatial resolution (order of 10 to 100 m2). We also show that we can localize the edges of the detected water body surfaces at meter accuracy