Earth Observation Satellite Market To Flourish at CAGR of ~9% CAGR With OHB, Airbus, Boeing, Lockheed Martin, JSC, Orbital, Thales and Space Systems/Loral

Global Earth Observation Satellite Market Research Report Information by Applications (Infrastructure, Environment Monitoring, Energy, Natural Resources Monitoring, Maritime, Disaster Management, & Others), Payload Type, and Region–Global Forecast to 2023

Some of the eminent leaders of the market include OHB SE (Germany), Airbus Defence and Space (U.S.), Boeing Defense Space & Security (U.S.), Lockheed Martin (U.S.), JSC Information Satellite Systems (Russia), Orbital ATK (U.S.), Thales Alenia Space (France), Space Exploration Technologies Corp. (U.S.), and Space Systems/Loral (U.S.).

The market of earth observation satellite appears to be competitive owing to the presence of numerous well-established players having the global presence. Mergers & acquisitions, Innovation, and brand reinforcement remain the key trends for the leading players. Matured players compete based on reputation, services, and pricing. Market players are addressing the increasing demand with a wide range of solutions that are purpose-built for earth observation.

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/5968

The global earth observation satellite market is growing with the rapid pace; mainly due to the indelible efficacy of these satellites demonstrated in monitoring and predicting climatic patterns, estimation of crop yields, assessing damage during natural disasters, surface geology mapping, estimation of mineral deposits, and availability of water sources.

Simultaneously, growing investments in SATCOM and increasing demand for electro-optical imaging systems coupled with the increasing investments in ISR payloads are providing impetus to the market growth. As a result, the earth observation satellite market is escalating on the global platform.

Acknowledging the increasing traction, this market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the already booming earth observation satellite market will demonstrate an upsurge growth by 2023, registering 9% CAGR over the forecast period (2017-2023).

Additional factors substantiating market growth include continued efforts to improvise navigation and observation systems, growing access to high-quality equipment driven by investments in developing countries, and increasing electronic support to identify potential natural calamities. The proliferation of connected and portable smart devices is driving the demand for advanced high-performance communication and secures networking technologies.

Furthermore, enhanced security services and growing investments by the government and increasing need to upgrade aging equipment are expected to boost the market growth. The increased demand for advanced image-enhancing equipment will encourage manufacturers to improve the quality of satellite-based earth observation images.

Moreover, factors such as emerging satellite constellations, cloud computing, high-resolution data, re-usable satellite launch vehicles, and technological improvements in satellite imagery are fostering the market growth exceptionally.

On the other hand, factors such as multiple standards in devices and the high initial investment cost alongside some of the shortfalls such as unwanted coordination among different databases, reusability, customization, and isolation of various satellites from one another are expected to act as a headwind for the market growth during the review period.

Nevertheless, the changing landscape in the space industry will positively impact the market growth of earth observation, especially in downstream activities. Besides, increasing number of joint ventures and acquisitions are going to gain important tactical aspect especially in the downstream companies that are focused on securing new data to ensure cost reduction in a commercial marketplace.

Industry/ Innovation/ Related News:

September 16, 2018 – The Indian Space Research Organization (ISRO) launched its heavy-weight rocket, the Polar Satellite Launch Vehicle (PSLV), into orbit carrying two earth observation satellites of Britain’s Surrey Satellite Technology Limited.

India is striving to gain a larger share in the global space industry for more than USD 300 Bn., which places the nation as a global low-cost provider of services in space. PSLV-C42 is the first fully commercial trip of the year for the ISRO.

Earth Observation Satellite Market – Segments

MRFR has segmented its analysis into three key dynamics for an easy grasp.

By Applications : Environment Monitoring, Infrastructure, Energy, Natural Resources Monitoring, Maritime, and Disaster Management, among others.

By Payload Types : SATCOM, EO/IR, Communication, Imaging, and Navigation.

By Regions : North America, Europe, APAC and the Rest-of-the-World.

The sub-segment - Environment Monitoring poses the largest share in the market owing to its wide uses and increasing requirement of real-time data related weather forecast and climate pattern.

By payload types, the sub-segment – SATCOM, is expected to witness a huge demand during the forecast period.

Earth Observation Satellite Market – Regional Analysis

Globally, the North American region is will be dominating the earth observation satellite market during the forecast period, due to the significant investments made in surveillance and monitoring technologies. The presences of global players which provide a competitive advantage to the U.S. and Canada along with the growing IT industry in these countries are driving the market in the region.

The Asia Pacific region stands the second position in the global earth observation satellite market in terms of both, the market size and revenues. Numerous companies operational in commercial verticals in media and entertainment and disaster management are acting as a tailwind pushing up the market growth.

Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/5968

Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued........

List of Tables

Table 1 Global Earth Observation Satellite: by Region, 2017-2023
Table 2 North America Global Earth Observation Satellite: by Country, 2017-2023
Table 3 Europe Global Earth Observation Satellite: by Country, 2017-2023
Table 4 Asia Pacific Global Earth Observation Satellite: by Country, 2017-2023
Table 5 Middle East & Africa Global Earth Observation Satellite: by Country, 2017-2023
Table 6 South America Global Earth Observation Satellite: by Country, 2017-2023
Table 7 Global Earth Observation Satellite, by Applications, by Regions, 2017-2023
Table 8 North America Global Earth Observation Satellite, by Applications, by Country, 2017-2023
Table 9 Europe Global Earth Observation Satellite, by Applications, by Country, 2017-2023

Continued......

List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Earth Observation Satellite Share, by Applications, 2017 (%)

Continued......

Ask for your specific company profile and country level customization on reports.

Get More Information on Earth Observation Satellite Market Research Report – Forecast to 2023 @ https://www.marketresearchfuture.com/reports/earth-observation-satellite-market-5968

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Office No. 524/528
Amanora Chambers
Magarpatta Road
Hadapsar
Pune -411028
Maharashtra, India

This release was published on openPR.