Earth Observation Satellite Market 2019 Various Applications with Prominent Players Airbus Group, Digital Globe, e-GEOS, GeoOptics, Geosys, DMC International Imaging, and Image Sat

Nov 16 2019 / By Rebecca Parker

Report Consultant’s market research analyst predicts the global Earth Observation Satellite market to grow steadily at a CAGR of more than 14% during the forecast period. 

Satellite-based Earth Observation (EO) is a process of using remote-sensing technique to gather information on the chemical, physical and biological aspects of the earth system. This technique allows the measurement of geophysical parameters of the earth from the orbit with the use of cameras and sensors. The gathered information can be effectively used to monitor and predict cloud cover and climate patterns, detect and assess damage during floods, tsunamis, and other natural disasters, agricultural and usage, petroleum and mineral deposits, availability of water sources. It also facilitates the management of earth’s natural resources in a resourceful manner. The Earth Observation Satellite market is witnessing an impressive growth, with around 260 satellite launches expected over the next decade.

A new report as an Earth Observation Satellite market that includes a comprehensive analysis of the global market. This includes investigating past progress, ongoing market scenarios, and future prospects. Accurate data on the products, strategies and market share of leading companies in this particular market are mentioned. This report provides a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global Earth Observation Satellite market during the forecast period. The report also presents thorough qualitative and quantitative data that affect the expected impact of these factors on the market’s future growth prospects.

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Top Key Players Covered in Earth Observation Satellite Market:

Airbus Group, DigitalGlobe, DMC International Imaging, ImageSat, MDA, BlackBridge Group, Deimos Imaging (UrtheCast), e-GEOS, GeoOptics, Geosys, hisdeSAT Servicios Estrategicos, PlanetiQ, Planet Labs, and Satellogic, Skybox Imaging (Google) 

The growth drivers for data and services are distinctly different. Defense still dominates the Earth Observation Satellite market for commercial data, with the sector alone responsible for over $1 billion in data sales with a focus on very high resolution and high accuracy data sets. Data prices to support defense applications are expected to remain high, a drawback for services development in the civil government and private sector. VAS’ largest markets remain infrastructure and natural resources monitoring, however in order to build these solutions often lower-cost or free data solutions are utilized. This creates a disparity in the value-chain in which high-cost, precision data sets make up most of the defense-driven commercial data Earth Observation Satellite market, whereas more services are being built from less expensive, more competitively-priced solutions.

The global Earth Observation Satellite market has been examined across several global regions such as North America, Latin America, Middle East, Asia-Pacific, Africa and Europe. The degree of competition among top key players has been described by presenting all-informative data of global key players. Furthermore, it makes use of graphical presentation techniques for presenting the essential facts during study of global Earth Observation Satellite market. Collectively, this innovative research report helps to make well informed business decisions in the businesses.

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Key questions answered in the report include
  • What will the market size and the growth rate be in 2022?
  • What are the key factors driving the global Earth Observation Satellite market?
  • What are the key market trends impacting the growth of the satellite-based earth observation market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global Earth Observation Satellite market?
  • What are the trending factors influencing the market shares of APAC, EMEA, Latin America, and North America?
  • What are the key outcomes of the five forces analysis of the Earth Observation Satellite market?
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