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Global Satellite-Based Earth Observation Market To Benefit From Development Of Nano And Micro Satellites

Press Release   •   Feb 09, 2017 15:12 IST

A report recently added to the exhaustive database of MarketResearchReports.biz states that the global satellite-based earth observation market is projected to expand at a strong CAGR of 14.11% from 2016 to 2020. The 96-page market report is titled “Global Satellite-Based Earth Observation Market 2016-2020” and explores the workings of the overall industry in absolute detail. The publication also sheds light on the major companies competing for the top spot, the trends that are prevalent in the global market, the trajectory of the satellite-based earth observation market in the coming years, and the latest statistics pertaining the size, volume, share, and value of the market from 2016 to 2020.

Satellite-based earth observation refers to the collection of valuable data with respect to the earth’s system. Information is collected through remote sensing satellites and these satellites can be used to gather particulars for a wide range of industries such as tourism, media and entertainment, engineering and construction, natural resources, agriculture, weather, and defense and intelligence.

The publication highlights the prominent factors driving and restraining the global satellite-based earth observation market and studies the impact of these forces during the forecast period. The research indicates that the widening application base of earth observation satellites is the key factor fueling the global market. In contrast, the rising adoption of unmanned aerial vehicles for earth observation is a serious threat to the development of the satellite-based earth observation market. The increased lift-off of micro and nano satellites is an area that holds immense potential, according to the report.

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The research study examines the global satellite-based earth observation market on the basis of end-use verticals and geography. By vertical, the satellite-based earth observation market is segmented into weather forecast and meteorological activities, energy, insurance, transport and logistics, living resources, defense, location-based services, agriculture, mining and oil and gas, telecommunication and utilities, and disaster management. By region, the satellite-based earth observation market is divided into Europe, the Middle East, and Africa, Latin America, North America, and Asia Pacific. These segments and sub-segments are studied for the period starting from 2015 to 2020, with revenue figures in US$ billion and million and market share in percentage.

The most promising players competing in the global satellite-based earth observation market include Airbus Group, MDA, DigitalGlobe, DMC International Imaging, and ImageSat International. Other prominent vendors operating in this market include hisdeSAT Servicios Estrategicos, BlackBridge Group (Planet Labs), PlanetiQ, Deimos Imaging (UrtheCast), GeoOptics, Geosys, Satellogic, Planet Labs, Skybox Imaging (Google), and e-GEOS (an ASI/Telespazio Company). The revenue figures of each company have been included in the research report, in addition to details pertaining to geographical segmentation, business segmentation, and type of products/services. The strengths and weaknesses of each of the leading vendors have been discussed in the report, in addition to the opportunities and threats they may face in the coming years.

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