Sci-Tech

Satellite-Based Earth Observation Market – Technological Growth Analysis by TMR

Press Release
Satellite-based Earth Observation (EO) is a process of using remote-sensing technique to gather information on the chemical, physical and biological aspects of the earth system. This technique allows the measurement of geophysical parameters of the earth from the orbit with the use of cameras and sensors.
Satellite-Based Earth Observation Market – Technological Growth Analysis by TMR
The gathered information can be effectively used to monitor and predict cloud cover and climate patterns, detect and assess damage during floods, tsunamis, and other natural disasters, agricultural and usage, petroleum and mineral deposits, availability of water sources. It also facilitates the management of earth’s natural resources in a resourceful manner. The satellite-based earth observation industry is witnessing an impressive growth, with around 260 satellite launches expected over the next decade.
One of the main drivers in this market is the technological improvements in satellite imagery. Advanced image-enhancing equipments such as high-resolution cameras, and advanced remote-sensing technology have improved the quality of satellite-based earth observation images. This data is shared from various satellites and accordingly used by defense, science, research and development organizations, and private users.
The U.S. based earth observation satellite operators GeoEye and DigitalGlobe, along with Europe-based SPOT Image share more than 60 % of the total revenues from commercial data sales.
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The challenge for the imagery market is the initial high investment cost. Moreover, other challenges arising due to the incoordination among different databases still persist due to the isolation of various satellites from one another. All these challenges are expected to be resolved by the much anticipated technology together developed by the new upcoming formation ‘Group on Earth Observation System of Systems’ (GEOSS). This is a system of systems that will link the existing and the upcoming observing systems around the globe and fill in the loop holes of uncommon technical standards seen in the development of new observing systems.
It will offer a single internet access point to all the users seeking EO data from existing data bases as well as the new up-to-date portals, thus, making the information and analysis to flow directly to the users across various domains. Demand for EO data is increasing from users such as surveyors, farmers, miners, fishers, engineers, and others decision makers, to pursue their business objectives.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World
This report provides comprehensive analysis of 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years