Satellite-Based Earth Observation: Market Prospects to 2024 - Market for Commercial EO Data is Expected to Reach $3.5 Billion with a CAGR of 8% from 2014-2023 - Research and Markets

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Apr 22, 2016, 06:10 ET

DUBLIN, April 22, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Satellite-Based Earth Observation: Market Prospects to 2024" report to their offering.

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Now in its 8th edition, Satellite-Based Earth Observation, Market Prospects to 2024 is the only report providing industry forecasts, assessment of business opportunities and analysis of the entire civil & commercial value chain for this growing segment of the satellite industry. It includes a detailed breakdown of application sectors within each region along with consolidated forecasts per application sector and per region

Highlights from the report:

Over 400 civil and commercial Earth observation (EO) satellites (>50kg) are expected to be launched over the next decade compared to 179 over 2005-2014. This will result in $39 billion in manufacturing revenues over the period, an 80% increase over that of the previous decade. The increasing satellite units will arive from both government and private sources as more countries invest in EO technologies and the commercial business continues to evolve. In addition, over 1,200 <50kg satellites are anticipated to be launched to support the development of cubesat constellations, adding to the overall data supply.

Over 50 countries are now investing in EO programs, with total global investment close to $9 billion in 2014, a ninth year of continued investment growth. Investment is expected to top $10 billion in 2015. Government priorities depend on the stage of development of their EO program, and wider government policy objectives. Environment monitoring and climate change remain top priority areas in governments' political agendas, supporting the development of science-driven EO mission within R&D programs; other EO programs are expanding rapidly with countries such as India and China striving towards self-sufficiency for data collection. In emerging programs EO is a tool to help develop a national industry and support local data requirements.

In 2024 the market for commercial EO data is expected to reach $3.5 billion. Regionally, the Asian markets, Latin America and Africa are expected to have strong growth profiles. Natural resources management, engineering & infrastructure, LBS and defense are expected to be the main application areas supporting growth.

The number of satellites in operation offering commercial data solutions is expected to significantly expand. The increase reflects fleet expansion of existing operators to respond to growing demand, more governments commercializing data to receive a return on investment from the initial satellite funding, and new commercial entrants.

Report Features:

- More than 100 full page graphs and tables
- Over 1,000 datapoints
- PDF, Excel & PPT Files

Key trends, drivers & forecasts:

- Current and forecast market situation to 2024, full assessment of challenges, risks and growth drivers
- Assessment of commercial opportunities including commercial data demand by data typology & sector
- Assessment of commercial opportunities by satellite manufacturing

Detailed Value-Chain Analysis

- Assessment of opportunities and challenges across the industry
- Analysis of government investment, operators, distributors and service providers

EO Data Demand

- Broadened analysis of data demand and requirements: Drivers and risks for growth
- Opportunities for data & services growth across regions

Satellites Launched & Forecast

- Launches from 2005-2014
- Expected launches through 2024
- Satellite imaging characteristics
- Operator typology
- Prime manufacturer/launch service provider / uncontracted satellite missions
- Detailed breakdown of application sectors within each region
- Consolidated forecasts per application sector and per region

Who will benefit from this report?

- Space agencies & other government entities
- Satellite operators
- Satellite equipment manufacturers
- Launch services
- Satellite service providers
- Banks & investors

Key Topics Covered:

1. Strategic Issues And Forecasts