Remote Sensing Satellite Market Global Industry Overview By SATCOM, Radar, and Electro Optic / Infrared | Airbus, Ball, Lockheed Martin, Mitsubishi Electric, Thales, Alenia Space, Boeing, CASC, ISS Reshetnev, Orbital 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 to Expand Steadily At A CAGR of 5% During 2016-2022

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Market Overview:

Remote sensing satellites acquire information about the earth's surface or other objects without making any physical contact. As per the report published by Market Research Future, the global remote sensing satellite market is anticipated to expand steadily at a CAGR of around 5% during the forecast period of 2016-2021.

Industry Updates:

In September 2018, India's Polar Satellite Launch Vehicle (PSLV)-C42 has launched two British remote sensing satellites 'NovaSAR and S1-4'. These satellites are built by the Surrey Satellite Technology Limited (SSTL), the United Kingdom.

In September 2018, it was announced by the Head of the Egyptian-Russian Foundation for Culture and Science that the Russian State Corporation for Space Activities, Roscosmos, is currently testing a new Egyptian remote sensing satellite (EgyptSat A), which will be launched by the end of 2018 or towards the beginning of 2019.

In August 2018, China has announced that it has launched a plan to effectively monitor and control smog at major regions through remote sensing satellites.

Key Players:

The prominent players that are profiled in the global remote sensing satellite market are Airbus Defence and Space (France), Ball Aerospace (the U.S.), Lockheed Martin (the U.S.), Mitsubishi Electric (Japan), Thales Alenia Space, Boeing (the U.S.), CASC, ISS Reshetnev, Orbital ATK (the U.S.), and Telespazio.

Market Drivers and Restraints:

Increasing demand for optical imaging system in various fields such as geographical and geological surveying, land mapping systems, city planning and others are primarily propelling the growth of the global remote sensing satellite market. Introduction of big data analytics and increasing adoption of cloud computing are some other factors that are fueling the growth of the global remote sensing satellites market. Increasing utilization of remote sensing services in military and defense industry and other commercial applications of remote sensing satellites are significantly aiding the expansion of the global remote sensing satellite market. Introduction of inflatable antennas that can be used in remote locations and harsh weather conditions are aiding the expansion of the global remote sensing satellite market. however, high maintenance cost, complexities related to its integration and high launch cost are likely to hinder the growth of the global remote sensing satellite market during the forecast period.

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Market Segmentation:

The global remote sensing satellite market has been segmented on the basis of system. Based on system, the remote sensing satellite market has been segmented into SATCOM, Radar and Electro-optic/infrared.

Regional Analysis:

Geographically, the global remote sensing satellite market is segmented into Americas, Europe, Asia-Pacific and the Middle East and Africa. The remote sensing satellite market in the Europe region is projecting significant growth in the global market owing to the rapid advancement in technology that has enabled effective signal transmission and increasing usage of remote sensing satellites for research as well as commercial purposes in this region.

Increasing investments by military sector in various defense programs, rise in demand for remote sensing satellites in energy and power, mineral exploration and other sectors are fueling the remote sensing satellites market in the North America region. The remote sensing satellite market in the Asia Pacific region is majorly driven by the skyrocketing demand for remote sensing technology for geological surveys, oil and gas exploration, mineral exploration and others.

Study Objectives of Global Remote Sensing Satellite Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Remote Sensing Satellite Market
• To provide insights about the factors affecting the market growth
• To analyse the Global Remote Sensing Satellite Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country-level analysis of the market with respect to the current market size and future prospective
• To provide country-level analysis of the market for segment by systems
• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Remote Sensing Satellite Market

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