Report Title: “Global Satellite Based Earth Observation Market – Segmented by End-User (Defense and Intelligence, Infrastructure and Engineering, Natural Resource Management, Energy and Power), Application, and Region – Growth, Trends, and Forecast (2018 – 2023)”
Satellite Based Earth Observation Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Satellite Based Earth Observation industry. Satellite Based Earth Observation Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Satellite Based Earth Observation Market report is expected to register a CAGR of XX% over a five years forecast period.”
List of Major Key players operating in the Global Satellite Based Earth Observation Market are –
- Airbus Defense and Space
- Deimos Imaging
- Dettwiler & Associates Ltd.
- Digital Globe
- ImageSat Inyternational N.V
- Skybox Imaging
- MDA Corp.
- Planet Labs
- PlanetIQ LLC
- Rapid Eye A.G.
- UrtheCast Corp.
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The satellite based earth observation market is expected to reach about 7 billion by 2023. The satellite based earth observation market, despite the high initial cost of investment and the firm governmental control and dependence, is an emerging market today and is projected to grow exponentially in the next decade. The satellite-based earth observation technology involves the capture and storage of information from satellites relating to the physical (structure and features), biological and chemical compositions of the Earth for monitoring, surveillance and decision-making in various verticals, such as Defense and Intelligence, Infrastructure and Engineering, Natural Resource Management, Energy and power, Disaster Management, location-based and navigation services, Information Management System, etc. Increased number of commercial makers and launchers, like SpaceX and Lockheed Martin have marginally reduced the average price of the earth observing satellites. This situation coupled with a race between governments to become dominant in space technologies is providing a better outlook to the satellite based earth observation market in the near future.
Commercial Users to Spearhead the Growth in Demand
The amount of governmental control and regulations in the form of data policy and norms for safety and security purposes has resulted in the Government occupying the majority share in the market for a long time now. However, in more developed economies, such as North America and Europe, a good number of corporate players have emerged consistently with the increase of digitalisation and sales of mobile gadgets and equipment. The rise in the demand for data, improvement in technology, the evolution of high-resolution data, awareness of satellite-based products, and an increase of consumer-oriented products, like Google Earth has led to the expansion of the earth observation market in the recent times.
With Asia Pacific countries like India, China, and Japan, providing better prospects for the growth of space-related projects and research the cost of launching satellites into the orbits are reducing marginally which are benefiting the commercial players. According to the statistics form the UCS Satellite database, in 2017, the number of earth observation satellites launched by commercial/civil users (175) exceeded the number of earth observation satellites launched by any government/military organisations (19), for the first time. The figures indicate not only the increase in demand for EO satellites in the commercial space but also a critical shift in the market that is more tending towards the commercial players.
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Global Satellite Based Earth Observation Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Satellite Based Earth Observation Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Satellite Based Earth Observation market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Satellite Based Earth Observation market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Satellite Based Earth Observation Market Report:
- The report analyses how stringent emission control norms will drive the global Satellite Based Earth Observation market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Satellite Based Earth Observation market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Satellite Based Earth Observation Market Report TOC Includes:
- Introduction of Satellite Based Earth Observation Market
- Research Approach and Methodology
- Satellite Based Earth Observation Market Overview
- Satellite Based Earth Observation Market Segmentation
- Competitive Landscape
- Company Profiles
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