Published on : Aug 24, 2017
ALBANY, New York, August 24, 2017 - ResearchMoz.us has added a new research report to its database on the industries in communications. The latest report, titled “Global Remote Sensing Satellite Market 2017-2021,” is a thorough coverage of the current scenario and the scope of growth and expansion opportunities for players in the global remote sensing satellite market for the given forecast period from 2017 to 2021. The report also reveal the statistics behind the market size, a calculation that includes the unit procurement of remote sensing satellites across the globe.
The global remote sensing satellite market to grow at a CAGR of 5.59% during the period 2017-2021. One of the primary factors promoting this healthy growth rate is the globally increasing adoption rates of equipment and systems that are based on SATCOM technologies. Satellite communications, or SATCOMs make heavy use of artificial satellites that are used to transmit data signals between multiple ground and space stations. Remote sensing satellites have a key role to play in the optimal functioning of SATCOM technologies and are therefore expected to gain more use over the coming years.
However, the global remote sensing satellite market is expected to be inhibited by high risk of errors in readings by infrared and electro-optical sensors, due to their highly complicated nature. Developments are being made towards creating stable versions of EO/IR sensors, which could mitigate this shortcoming in the future. Meanwhile, the global remote sensing satellite market is experiencing a positive trend in the form of using this technology to gain greater situational awareness, especially for the defense sector.
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The report provides a regionally segmented analysis of the global remote sensing satellite market that can give readers a clearer perspective on their regional strategies for the market over the coming years. The report incorporates the key regions of the Americas, Asia Pacific, and the EMEA in its analysis.
Remote sensing satellite technologies incorporate the activities of observing, monitoring, and gathering information of certain factors of planet Earth, its oceans and lands, as well as atmosphere. This is performed with aid from inbuilt and integrated sensors on satellite platforms. The total data procured is monitored and transmitted remotely with the help of conventional satellite systems. The data is then used to calculate for resource management and environmental conditions. As of May 2017, there are approximately 1,460 satellites operational, out of which around 5% to 6% are used for remote sensing applications, and approximately 10% to 12% satellites are dedicated for Earth observation purposes.
The leading players in the global remote sensing satellite market so far, have included Airbus, Defence and Space, Ball Aerospace, Boeing, Lockheed Martin, and Thales Alenia Space. Apart from these, the report also touches on other prominent vendors in the market, including China Aerospace Science and Technology Corporation, Orbital ATK, MDA Information Systems, Mitsubishi Electric, and SSTL.
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