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Global Satellite-Based Earth Observation market is expected to grow at a CAGR of 9% during 2021-2026

05-17-2021 12:14 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarkNtel Advisors LLP

Global Satellite-Based Earth Observation Market

Global Satellite-Based Earth Observation Market

According to the MarkNtel Advisors' research report, "Global Satellite-Based Earth Observation Market Analysis, 2021," the market can grow at a CAGR of 9% during 2021-26. The data gathered using satellite-based earth observation includes the planet characteristics, which come in use for observing the planet. The rising number of satellites in space and increasing data generation through these satellites further fuel the market growth. The earth observation market is growing tremendously due to the integration of new technologies and sensing modalities.

Request to get the sample copy of the research: https://www.marknteladvisors.com/query/request-sample/global-satellite-based-earth-observation-market.html

Key questions answered in the study
1. What are the current and future trends in the Global Satellite-Based Earth Observation market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Satellite-Based Earth Observation market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Satellite-Based Earth Observation market service providers across various regions?

Impact of COVID-19
Due to the outbreak of the COVID-19 pandemic, the production capacity of new satellites across the world was adversely affected owing to the imposition of complete lockdown, temporary shutdown of industries, and travel restrictions imposed by the government.

Additionally, R&D activities in earth observation satellites have witnessed a downfall in their growth due to the reduced demand for satellite-based earth observation data. However, the satellite-based earth observation market may increase in the future as governments across the world have started to offer relaxation in the restrictions.

For detailed analysis visit: https://www.marknteladvisors.com/research-library/global-satellite-based-earth-observation-market.html

"Global Satellite-Based Earth Observation Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Satellite-Based Earth Observation providers across the globe.

Moreover, the report also encompasses the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Energy and Power Segment Grow at a Considerable Rate
Based on the End-User Vertical, the market bifurcates into Defense & Intelligence, Infrastructure & Engineering, Agriculture, Energy & Power, and Weather. Among these, the Energy & Power vertical is likely to grow substantially over the forecast period. The earth observation satellites help maximize energy resources and generate clean energy.

Earth observation satellites offer data that help implement or assess sustainable development initiatives. Thus, the segment contributes to the overall growth of the global Satellite-Based Earth Observation market in the forecast period, reveals MarkNtel Advisors in their research report, "Global Satellite-Based Earth Observation Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the global Satellite-Based Earth Observation market are Satcom Technologies, UrtheCast Corp., GeoOptics Inc., Airbus Defense and Space, MDA Corp., Planet Labs Inc., PlanetIQ LLC, Harris Corporation, ImageSat International NV, and Maxar Technologies.

Market Segmentation:
1. By Application (Data, VAS)By End-User Vertical (Defense & Intelligence, Infrastructure & Engineering, Agriculture, Energy & Power, Weather, Others)
2. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa)
3. By Country (U.S, Canada, Brazil, Mexico, Germany, France, The U.K, China, India, Japan, Saudi Arabia, South Africa)
4. By Competitors (Airbus Defense and Space, Satcom Technologies, GeoOptics Inc., ImageSat International NV, MDA Corp., Planet Labs Inc., PlanetIQ LLC, UrtheCast Corp., Harris Corporation, Maxar Technologies)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@markntelgroup.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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