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Europe Satellite-based Earth Observation Market Surges at 15.65% CAGR 2016-2020 due to Improving Imagery

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Published on : May 27, 2016

ALBANY, New York, May 27, 2016 – ReseachMoz.us has recently published a new research report that discusses the pros and cons of satellite-based Earth observation (EO) market as well as the trends and dynamics governing it. The research report, titled “Satellite-based Earth Observation Market in Europe 2016-2020,” provides its readers a comprehensive outlook of the overall market. The researchers have used Porter’s five forces analysis to determine the threat of substitutes, the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, and the industry rivalry present in the market. The researchers have also studied the historical data pertaining to the Europe satellite-based Earth observation market and compared it to the present-day market scenario to provide a trajectory of the same for the near future.

Satellites are artificial objects orbiting the Earth that collect data and information in the form of images. The information is then analyzed for various purposes such as understanding the weather changes, predicting natural calamities in the offing, disaster management, scrutinizing and locating the oil and mineral deposits, studying the availability of water sources, and most importantly analyzing the changing climate patterns. Earth observation satellites are used for gathering important information pertaining to this planet to remote sensing capabilities of these devices. A wide range of verticals such as the defense and intelligence agencies, government agencies, weather agencies, agricultural sectors, natural resources analysts, engineering and construction industries, media and entertainment companies, and the tourism sector use these satellites to make their business and work relevant to the masses.

According to the research report, the Europe satellite-based Earth observation market is expected to surge at a CAGR of 15.65% between 2016 and 2020. This market has been segmented on the basis of services and geography. The services available in the Europe satellite-based Earth observation market are Earth observation data and value-added services (VAS). Geographically, this market is segmented into the UK, Rest of Europe, and Russia.

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According to researchers, the technologically advanced and improved satellite imagery is the primary growth for the Europe satellite-based Earth observation market. This market will also be fueled by the introduction of smaller satellites for space imagery in the near future. The Europe satellite-based Earth observation market will also experience a surge due to the growth of spectral bands and higher resolution of imagery. The increasing commercial appeal of satellite imagery in several industrial verticals is also adding to the growth of this market. However, the biggest drawback in this market is the adoption of UAV-based Earth observation products. 

Some of the important players in the Europe satellite-based Earth observation market are ImageSat International, Airbus Group, DMC International Imaging, and MDA. The research report profiles these players and provides a fair assessment of the competitive landscape of the overall market. Additionally, the research report also studies the research and development activities, financial overview, investment outlook, business and marketing strategies, expansion plans, and strategic mergers and acquisitions of these top players for the coming few years.

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