Global Satellite Based Earth Observation Market Overview:
Satellite-Based Earth Observation is a device that is used to observe from orbit, including spy satellites and similar ones projected for non-military uses such as; meteorology, environmental monitoring, cartography, and others. The most commonly used type is earth-imaging satellites, which take analogous to aerial photographs and satellite images; some EO satellites may perform remote sensing without forming pictures, such as in GNSS radio occultation. Satellite earth observation systems are playing a progressively important role in the global economy. They provide unique capabilities in close association with ground-based sensors to generate the data and information needed to manage and monitor natural resources, land-use and to better understand and cope with major societal issues. According to AMA, the Global Satellite Based Earth Observation market is expected to see growth rate of 8.2% and may see market size of USD5.5 Billion by 2025.
- Increasing demand for Earth Observation (EO) data by the commercial sector
- Low-Cost Access to Earth Imagery
- Technological Improvements in Image Capturing Techniques by Satellites
- Availability of Alternative Earth Observation Technologies
- Remote Sensing Data Are Increasing
- Increased Government Spending On Space Programs
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Airbus Defense and Space (Germany), Satcom Technologies Private Limited (India), GeoOptics Inc. (United States), MDA Corp. (Canada), Planet Labs Inc. (United States), PlanetIQ LLC (United States), UrtheCast Corp. (Canada), Harris Corporation (United States), Deimos Imaging (Spain), DigitalGlobe (United States), DMC International Imaging (United Kingdom) and Alén Spac (Spain). Analyst at AMA Research see United States Players to retain maximum share of Global Satellite Based Earth Observation market by 2025. Considering Market by Imaging Technology, the sub-segment i.e. Optical Imaging will boost the Satellite Based Earth Observation market. Considering Market by Industry Vertical, the sub-segment i.e. Defense and Intelligence will boost the Satellite Based Earth Observation market.
Latest Market Insights:
On 2nd Oct 2020 - Geosys and Tokio marine expand partnership to improve agricultural insurance offer in Brazil
On 21st April, 2020 - The European Space Agency (ESA) and Deimos Imaging (DMI) have signed an agreement to support EarthNet. With this agreement, ESA offers scientists and researchers access to Deimos Imaging data (Deimos-1 and Deimos-2) to support ESA Third Party Missions.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Satellite Based Earth Observation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Satellite Based Earth Observation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.