Remote Sensing Satellite Market 2018 Global Industry Analysis By Airbus, Ball, Lockheed Martin, Mitsubishi, Thales, Boeing, CASC, ISS Reshetnev and Telespazio

Global Remote Sensing Satellite Market by System (SATCOM, Radar, and Electro Optic / Infrared), and by Geography - Forecast To 2021

Global Remote Sensing Satellite Market – Overview

Remote Sensing Satellite has evolved rapidly owing to its wide range of applications in various fields, such as Coastal/ Ocean applications, Hazard assessment, Natural resource management and agriculture. Effectively helping to track civil planning, mineral deposits, watch agricultural crops weather forecasting & climate change observation, and military reconnaissance. Lately, Remote Sensing Satellite has also found its applications in fields like O&G exploration/ utility communications, damage estimation for insurance claims, infrastructure planning and development, property/ real estate assessments and development to name a few.

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Over the past few years, global Remote Sensing Satellite Market has accrued enormously and the increasing applications of these Satellites presaging its potential to grow further. Technological advancement is playing a major role determining the growth gamut. Evidently, prominent players (mentioned above) operating in the market is a predominant driving force behind fostering the market growth. With their sedulous efforts, these players constantly bring phenomenal innovations are leading the market with the full series autonomous assembly line production, integration and satellite testing solutions, further resulting in to churning the competition in the market.

Accrediting the seminal work of the key manufacturers that is enabling the Remote Sensing Satellite Market to garner exponential accruals demonstrating fabulous growth prospects on the global platform; the Market Research Future recently published a meticulous study report, according to which the global Remote Sensing Satellite Market is estimated to ascend enormously by 2021 registering a CAGR of ~5 % during 2016 to 2021.

Other factors that drive the growth of Remote Sensing Satellite global market include rising demand for remote sensing imagery and earth imagery, growing commercialization coupled with initiatives and investments by the governments worldwide. Additionally, growing investment on satellite communication and ISR payloads, and the growing need for advanced optical imaging systems coupled with development of battlefield surveillance radar (BFSR), next generation AmerHis Satellite, innovation in antenna, and advancements in SATCOM & Nano and Micro Satellite technology are the on-going trends which will impact the market in the forecast period.

On the other hand, factors such as cost associated with satellite launch and complexities attached to its integration with several platforms are expected to restrict the market growth up to some extent.

Key Players

Airbus Defence and Space, Ball Aerospace, Lockheed Martin, Mitsubishi Electric, Thales Alenia Space, Boeing, CASC, ISS Reshetnev, Orbital ATK, and Telespazio are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Remote Sensing Satellite Market.

Global Remote Sensing Satellite Market – Competitive Analysis

The Market of Remote Sensing Satellite appears to be competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. Remote Sensing Satellite market will witness intensified competition with an increase in R&D innovations and M&A. The key players in this market are focusing to expand their geographical presence especially in the Americas by 2021.

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Industry/ Innovation/ Related News:

January 9, 2018 - China launched SuperView-1 03/04, a pair of 0.5-meter high-resolution remote sensing satellites, from the Taiyuan Satellite Launch Center in north China's Shanxi Province. The mission aims to promote the country's commercial use of high-resolution remote sensing satellites.

January 9, 2018 - The Indian Space Research Organization (ISRO) announced that it will sending its latest remote sensing satellite of the Cartosat-2 series along with 31 small ones into space on January 12th 2018.

January 4, 2018 – Defense and commercial UAV application developer AeroVironment announced to form a joint venture to develop a solar-powered high-altitude long-endurance, or HALE, UAS for commercial operations. This category of UAS is also referred to as high-altitude pseudo-satellites or HAPS. The joint venture will fund the development program up to a net maximum value of USD 65,011,481.

December 13, 2017 – The Earth Observations for Food Security & Agriculture Consortium (EOFSAC) and National Aeronautics & Space Administration (NASA) declared their partnership to improve global food security using satellite data. NASA’s observations of Earth’s complex natural environment are critical to understanding the global food system. Through this partnership, NASA is interested in how uses of remote sensing data can enhance organizations’ planning and operations and support broader food security assessments, commodity pricing, risk assessments and policy analysis.

Global Remote Sensing Satellite Market – Segmentation

For the convenience of the report and enhanced understanding; MRFR Analysis - Global Remote Sensing Satellite Market is been segmented in to 2 key dynamics

Segmentation By System : Comprises SATCOM, Radar, and Electro Optic / Infrared.

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Remote Sensing Satellite Market – Regional Analysis

As per the MRFR analysis, the EMEA region will continue its dominance in the forecast period with a substantial CAGR and will reach astronomical amounts. On the other hand, APAC will grow at a CAGR of 7% during the forecast period.

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