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Earth Observation Satellite Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Earth Observation Satellite Market 2018
Earth Observation Satellite Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Earth observation satellite is designed for non-military uses, such as monitoring and predicting climatic patterns, assessing damage during natural
disasters, estimation of crop yields, surface geology mapping, and mineral deposits, and availability of water sources. It works at an altitude of 800 Km
using remote-sensing techniques to collect data on the chemical, physical, and biological aspects of the earth system. This method permits the
measurement of geology parameters of the world from the orbit with the use of high-resolution cameras and advanced sensors. It conjointly facilitates the
management of earth’s natural resources in a resourceful manner. The satellite-based earth observation sector is witnessing a rapid growth during the
forecast period. However, there are some shortcomings in operating performance of the earth observation satellite, such as high initial investment cost,
coordination among different databases, reusability, customization, and isolation of various satellites from one another.
Moreover, the changing landscape in the space industry will affect the earth observation industry, especially in downstream activities. Downstream
companies are focused on securing new data to ensure cost reduction in a commercial marketplace. Joint ventures and acquisitions are going to gain
important tactical aspect in the earth observation satellite industry. For instance, the government is actively participating in the development of earth
observation fleet for several purposes, such as remote sensing, earth science, and meteorology.
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Earth Observation Satellite Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Earth Observation
Satellite Market Research Report - Global Forecast 2023”
For instance, Orbital ATK had launched 10 earth observation satellites from Planet Labs, with its Minotaur C rocket to provide information related to
businesses, governments and non-governmental organizations (NGOs) around the world. Similarly, Thales Alenia Space had signed a contract with Airbus
Defense and Space GmbH to develop the Biomass spacecraft in order to determine the distribution of biomass in the world’s forests and measure annual
changes. It is the first space borne exploration of the Earth’s surface using a P-band radar. Additionally, the data generated will be used to monitor the
ionosphere, glacier and ice sheets, mapping subsurface geology in deserts and the topography under dense vegetation.
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Earth Observation Satellite Market 2018
Segmentation:
On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. North America region is expected to
dominate the market in future, due to significant investment in surveillance and monitoring technologies. For instance, SpaceX and Airbus Defense built
the first Spanish earth observation satellite to assist with civil operations, such as border control, tactical support, natural disaster management,
environmental monitoring, risk management, and counter-piracy actions. The Asia Pacific region is second to the North America region in the global
earth observation satellite market as several companies are operational in commercial verticals in media and entertainment and disaster management, with
the help of earth observation satellites. Thus, the global earth observation satellite market is estimated to grow at approximately 9% CAGR from 2017 to
2023.
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Earth Observation Satellite Market 2018
Application & Major Players in this Research:
Earth Observation Satellite Market Prominent Players:
Airbus Defence and Space (U.S.),
OHB SE (Germany),
Boeing Defense Space & Security (U.S.),
JSC Information Satellite Systems (Russia),
Lockheed Martin (U.S.),
Orbital ATK (U.S.),
Space Systems/Loral (U.S.),
Thales Alenia Space (France), and Space Exploration Technologies Corp. (U.S.)
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Earth Observation Satellite Market 2018
Earth Observation Satellite Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
The primary goal for earth observation satellite is to gather information related to the geological aspect of the earth.
The increased need for advanced image-enhancing equipment will enable manufacturers to improve the quality of
satellite-based earth observation images. The factors responsible for the growth of the global earth observation satellite
market are emerging satellite constellations, cloud computing, high-resolution data, re-usable satellite launch vehicles
and technological improvements in satellite imagery. In general, earth observation satellites provide key information
and unique data to support climate change activities.
The global earth observation satellite market is segmented based on application, payload type, and region. Among
application, environment monitoring is widely used and comprises the largest share in the market. The key growth
factor of environmental monitoring is increasing requirement of real-time data related weather forecast and climate
pattern. Among payload type, SATCOM has the largest demand in the earth observation satellite market during the
forecast period.
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