The technology of remote sensing satellite involves monitoring, observing, and gathering information of Earth (land and ocean) and the atmosphere with the help of inbuilt sensors that are integrated on satellite platforms. The successful aggregation of remotely procured data with traditional satellite systems for environmental assessment and resource management has led to the institutionalization of such technologies in the user domain. As of May 2017, there are approximately 1,460 satellites operational, out of which around 5%-6% are used for remote sensing applications, and approximately 10%-12% satellites are dedicated for Earth observation purposes.
Technavio’s analysts forecast the global remote sensing satellite market to grow at a CAGR of 5.59% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global remote sensing satellite market for 2017-2021. To calculate the market size, the report considers the unit procurement of remote sensing satellites across the globe.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Remote Sensing Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Airbus Defence and Space • Ball Aerospace • Boeing • Lockheed Martin • Thales Alenia Space
Other prominent vendors • China Aerospace Science and Technology Corporation • Orbital ATK • MDA Information Systems • Mitsubishi Electric • SSTL
Market driver • Growing adoption of SATCOM-based systems and equipment • For a full, detailed list, view our report
Market challenge • Technological complexities of EO/IR sensors • For a full, detailed list, view our report
Market trend • Greater emphasis on situational awareness • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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?
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