Earth observation satellites are specific satellite, which are specially designed for non-military purposes, for instance assessing the damage during natural disasters, surface geological mapping & mineral deposits, monitoring & predicting climate models, estimating crop yields, and availability of water sources. It generally utilizes remote-sensing technology for collecting the physical, chemical and biological data from the Earth system at an elevation of 800 km. This method generally allows the use of high resolution cameras as well as advanced sensors for measuring the geological parameters of the world from orbit. This contributes to the rational use of the Earth's natural resources. Advanced image enhancement technology, advanced remote sensing technology and high-resolution cameras have improved the quality of satellite images of the Earth.
Earth observation satellite generally
provides various value-added solutions in terms of technical processes,
facilities and data management, which is anticipated to boost the market
growth. The improvement of geographic information and imaging equipment has
resulted in a huge improvisation in the performance and price of the tools,
increasing the adoption rate and driving the market.
As per analysis, “Global
Earth Observation Satellite Industry Research Report 2021 Segmented by Major Market Players,
Types, Applications and Countries Forecast to 2027” the key companies operating
in the global earth observation satellite industry include Orbital ATK, JSC
Information Satellite Systems, Thales Alenia Space, OHB SE, Space Exploration
Technologies, Lockheed Martin, Boeing Defense Space & Security, Space
Systems/Loral and among others. Major operators & service providers are
partnering with the Geographic Information System (GIS) companies &
manufacturers of mobile devices for providing the individual consumers with
advanced information products or services. Government initiatives to implement
EO, as well as partnerships between operators to enhance their capabilities
through technology transfer, will be the main driving forces behind the
left-hand surveillance market.
By type, earth-observation satellite market
can be divided into altitudes below 500-600 kilometers and altitudes below
500-600 kilometers. In addition, by application, market can be segregated as
energy, maritime, environment monitoring, disaster management, natural
resources monitoring, infrastructure and others.
Technological improvements in satellite
imagery, followed by increase in use of satellites for advanced environment
monitoring are major factors and which are responsible for growth of the Global
Earth Observation Satellite Market. Apart from this, high initial
investment cost and increase in use of alternative earth observation technologies
are major hindering factor for market. Moreover, rise in demand for small
satellites and enhancements of equipment for geographical information are
leading opportunities for market.
Based on geography, the North-America
region holds major share in global earth observation satellite market owing to significant
investment in the surveillance & monitoring technologies and highest number
of ongoing research studies & investments in the market coupled with
quickest & highest adoption of commercial satellite imaging across
different industries in the region. The Asia-Pacific and Europe regions are
anticipated to witness higher growth rate due to increase in use of
satellite-based for economic development over the forecast period. It is
estimated that future of the global earth observation satellite market will be
bright on account of improving the quality of life, agriculture, and
infrastructure during the forecast period.
For More Information, refer to below link:-
Global
Earth Observation Satellite Market Analysis
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