About the Satellite-Based Earth Observation (EO) Market in APAC
Earth observation is the collection of necessary information and data about Earth through remote sensing technologies like specially designed satellites. The data from these satellites are intended for use in various application sectors like environmental monitoring, agriculture, water resources, urban planning, rural development, forestry, ocean resources disaster management, meteorology, and map making. Images of Earth gathered from artificial satellites placed in the orbit have become a powerful scientific tool to understand Earth and its environment. Satellite images now offer high-resolution, accuracy, and entirety. It allows the observation of large-scale phenomena in a wide frame. A single satellite image, for example, has the ability to provide coverages of air pollution or earthquake for the entire span of its occurrence.
Technavio’s analysts forecast the satellite-based earth observation (EO) market in APAC to grow at a CAGR of 16.79% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the satellite-based earth observation (EO) market in APAC for 2016-2020. To calculate the market size, the report considers revenue generated from the following:
Technavio Announces the Publication of its Research Report – Satellite-Based Earth Observation (EO) Market in APAC 2016-2020
Technavio recognizes the following companies as the key players in the satellite-based earth observation (EO) market in APAC: Airbus Group, DMCii, ImageSat, and MDA.
Other Prominent Vendors in the market are: DigitalGlobe, Planet Labs, Deimos Imaging (UrtheCast), e-GEOS (an ASI/Telespazio company), hisdeSAT Servicios Estrategicos, PlanetiQ, Skybox Imaging (Google), and Thales Alenia Space.
Commenting on the report, an analyst from Technavio’s 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.
Further, the report states that one challenge of many which could restrict market growth is the lack of standardization and policy-related issues.
Airbus Group, DMCii, ImageSat, MDA, DigitalGlobe, Planet Labs, Deimos Imaging (UrtheCast), e-GEOS (an ASI/Telespazio company), hisdeSAT Servicios Estrategicos, PlanetiQ, Skybox Imaging (Google), Thales Alenia Space.
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