Earth Observation Satellite Market Research Report – Forecast to 2023

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Earth Observation Satellite Market 2018
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Earth Observation Satellite Market 2018
Earth Observation Satellite Market 2018 Industry
Survey, Growth, CompetitiveLandscape 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 earths 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 worlds forests
and measure annual changes. It is the first space
borne exploration of the Earths 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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