Remote Sensing Satellite Market Research Report 2018 published By Market Research Future, provides information on Global Remote Sensing Satellite Market By Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation overview Through 2023
Hadapsar, Pune, India – August 30, 2018 /MarketersMedia/ —
Remote Sensing Satellite Market – Market Overview
The technology of remote sensing satellite involves monitoring, observing, and gathering information of the Earth (land and ocean) and atmosphere with the help of inbuilt sensors that are integrated in airborne (aircraft and balloons) or space-borne (satellites and space shuttles) platforms. The successful conjunction of remotely procured data with conventional satellite systems for resource management and environmental assessment has led to the institutionalization of such technologies in user-domain. Such data is used for several applications such as agriculture, water resources, urban development, mineral prospecting, environment, forestry, border and maritime security, drought and flood forecasting, ocean resources and disaster management.
Moreover, advanced image-enhancing equipment such as high-resolution cameras and advanced remote-sensing technology have improved the quality of satellite-based earth observation images. Such equipment offers a single-internet access point to all the users to obtain EO data from existing data bases as well as from the new up-to-date portals. Thus, users from various domains can access the information directly.
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The users can be surveyors, farmers, miners, fishers, engineers, and others decision makers seeking EO data to meet their business objectives. Earth observation market can expand the scope of this technology in areas of insurance, tourism industry, land management, natural disaster response, and real estate. Public and private companies such as Google also raise a demand for EO data for its use in mapping and location-based services. It is also extensively shared and used by defense, science, research and development organizations, and private users.
Remote Sensing Satellite Market – Competitive Analysis
The leading market players in the global remote sensing satellite market primarily include Airbus Defence and Space, Ball Aerospace, Lockheed Martin, Mitsubishi Electric, Thales Alenia Space, Boeing, CASC, ISS Reshetnev, Orbital ATK, and Telespazio.
The Global Remote Sensing Satellite Market is highly competitive, and vendors compete based on cost, product quality, reliability, and aftermarket service. To survive and succeed such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality satellite systems with latest technology and materials.
Lockheed Martin and Mitsubishi Electric are the two leading vendors in the market. Their focus is primarily on the implementation of lightweight materials, more of electric technologies, and robust systems. Lockheed Martin ranks on the top because it is the prime contractor for a number of major US military satellite programs. These include the Advanced EHF constellation, the US Navy’s MUOS, the GPS III, and the SBIRS High system. Similarly, Mitsubishi Electric ranks second owing to the development of both the IGS and the Quasi-Zenith spacecraft. Likewise, Airbus Defense and Space has contracts for a number of satellite programs, including the CSO, PAZ, Falcon Eye, SEOSAR, SEOSat, and SARah. These three companies along with Boeing and ISS Reshetnev hold a combined 66.8% share of the military satellite market. The emergence of such advanced satellite technologies and systems has transformed the space industry.
In 2015, Lockheed Martin signed a contract with EchoStar Corporation, a US-based vendor, promising launch services for the EchoStar XIX communications satellite, also known as JUPITER-2, a large, multi-spot beam Ka-band satellite. It is reported that Cape Canaveral Air Force Station, Florida will be hosting the launch of this satellite on a United Launch Alliance Atlas V rocket in late 2016.
Mergers and acquisitions and increased collaboration with partners globally will drive the market in the forecast period. In 2012, DigitalGlobe, a prominent vendor of the market, acquired its competitor GeoEye at $900 million. Such acquisitions will enhance the position of the company in the market and enable direct access to local customers.
Government organizations such as the Department of Defense (DoD), Ministry of Defense (MoD), European Union (EU), and United Nations (UN) encourage the provision of satellite systems and technologies. As a result, the vendors invest in creating new, cost-efficient, and effective remote sensing satellite solutions and systems.
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Remote Sensing Satellite Market – Segments
For the convenience of the report and enhanced understanding; the Remote Sensing Satellite market is segmented in to two key dynamics:
Segmentation by System: (SATCOM, Radar, and Electro Optic / Infrared).
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.
Remote Sensing Satellite Market – Regional Analysis
The US military dominates the global demand for commercial satellite services, with Brazil and Mexico being the region’s top markets for remote sensing satellite. Despite the budget cuts in the US military, satellite demand has managed to remain stable, with consistent year-over-year growth in the country. Factors responsible are unique to satellite and as follows:
• Reach-back downlinks from places of conflict
• Educational programming and broadcast services
• Naval fleet support
• Development and training of unmanned systems
• Border and maritime security
The US government civilian space sector is directed by the National Aeronautics and Space Administration (NASA) that is responsible for the maintenance of four primary activities: aeronautics research, exploration systems, science, and space operations. In the DoD, the US Strategic Command is responsible for military space operations, such as warning against missile and defense. The US Air Force, Army, and Navy are the major participants in military space operations. The Air Force provides launch support, satellite control, missile early warning, and space surveillance. The National Reconnaissance Office develops reconnaissance satellites and distributes the data to US intelligence agencies. The Army is responsible for operations in major Defense Satellite Communications System, military communications network, and it serves as the Missile Defense Agency’s executive agent. The Navy, on the other hand, maintains its own satellite communications network. The country maintains the largest military space program of any country, accounting for 95% of the global military space spending. In 2015, the US has 549 satellites, with five remote sensing satellites and Brazil and Argentina have two such satellites each.
Target Audience
• Satellite OEMs
• Equipment / System Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
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