The report forecasts the satellite-based earth observation (EO) market in APAC to grow at a CAGR of 16.79% during the period 2016-2020.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Commenting on the report, an analyst from the research team said: A key trend which is expected to have a big impact on growth is the increased lift-off of nano-and microsatellites. The increased launch of nano-and microsatellites in large constellations is an emerging trend that will gain considerable traction in the future. The rising demand for hyperspectral imaging systems and enhanced computational and communication systems enables nano- and microsatellite providers such as Planet Labs and Skybox Imaging to launch nano and microsatellites into space. These small satellites are used for precise tracking and spotting in navigation and mapping applications.
According to the report, a key growth driver is the widening application base of EO satellites. EO satellites are used to access data and satellite images related to civil construction, weather forecast, agriculture, climate, disasters, and biodiversity. As of January 2014, around 190 satellites were orbiting the planet. It is estimated that over 350 EO satellites will be placed in Earth's orbit between 2015 and 2022 due to the broad application base of EO satellites. Companies across the world are foraying into the market due to high requirements for remote sensing and meteorology across industries such as mining, oil and gas, agriculture, defense and intelligence, and forestry.
- Airbus Group
- Planet Labs
- Deimos Imaging (UrtheCast)
- e-GEOS (an ASI/Telespazio company)
- hisdeSAT Servicios Estrategicos
- Skybox Imaging (Google)
- Thales Alenia Space
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation: EO data and VAS
PART 07: Market segmentation by application sector
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/swltpp/satellitebased
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---apac-satellite-based-earth-observation-market-cagr-growth-of-1679-by-2020---trends-technologies--opportunities-report-2016-2020---key-vendors-airbus-group-dmcii-imagesat-300293826.html
SOURCE Research and Markets