Europe Satellite-Based Earth Observation Market to Grow at a CAGR of 14.57% to 2021

MarketResearchNest.com adds “Satellite-Based Earth Observation Market in Europe 2017-2021” new report to its research database. The report spread across 81 pages with table and figures in it.

Research analysts forecast the satellite-based earth observation market in Europe to decline at a CAGR of (14.57%) during the period 2017-2021.

About Satellite-based Earth Observation

Satellites are primarily used to receive and transmit data in the form of images. The images received are analyzed and used extensively in predictive modeling across a variety of applications. Satellite-based earth observation is a subset of satellites, which uses remote sensing technologies to understand vital information pertaining to the Earths’ ecosystem. Satellite operators are launching several earth observation satellites to satisfy the growing needs of consumers.

Covered in this report

The report covers the present scenario and the growth prospects of the satellite-based earth observation market in Europe for 2017-2021. To calculate the market size, the report considers the revenue from data and value-added services (VAS).

Browse full table of contents and data tables at https://www.marketresearchnest.com/satellite-based-earth-observation-market-in-europe-2017-2021.html

The market is divided into the following segments based on geography:

Rest of Europe

Russia

UK

Technavio’s report, Satellite-based Earth Observation Market in Europe 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.

Technavio Announces the Publication of its Research Report – Satellite-based Earth Observation Market in Europe 2017-2021

Technavio recognizes the following companies as the key players in the satellite-based earth observation market in Europe: Airbus Group, ImageSat International, MDA, and Thales Group.

Other Prominent Vendors in the market are: Deimos Imaging, e-GEOS, Hisdesat Servicios Estratégicos, Planet Labs, PlanetiQ, Terra Bella.

Commenting on the report, an analyst from Research team said: “One trend in the market is increasing use of analytics. Satellites generate large volumes of information in the form of images that can be very difficult to analyze. This has created the need for data analytics as it would provide meaning and structure to huge volumes of unstructured data. Companies have taken note of the growing need to analyze the data generated by satellites and have initiated efforts to jump into the analytics space.”

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According to the report, one driver in the market is rising technological enhancement in satellite imagery. Aided by high-resolution cameras, satellite imaging has witnessed a considerable degree of improvement in its uses. Earth observation satellites now provide a substantial degree of information and are extensively used in the areas of defense, oil and gas exploration, mining, and meteorology. Users have started demanding more clarity in the images captured by earth observation satellites so that they can use them effectively for applications like weather information and forecasting, farming, and forestry.

Further, the report states that one challenge in the market is increasing adoption of drones. Drones act as an alternative to satellite-based earth observation. The adoption of drones is increasing rapidly, mainly in France, the UK, and Germany. Most of the demand for UAVs comes from the military and defense sector. Initially, UAVs were only used in the military sector. However, their application base has widened with time, particularly in civilian and enterprise applications, where they are commonly used for flood monitoring, inspection of oil and gas rigs, fire detection, and precision farming.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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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