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Remote Sensing Satellite Market by Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR45724
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The remote sensing satellite market size has the potential to grow by USD 4.64 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by system (space-based radar, SATCOM, and space-based EO/IR) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Airbus SE, Ball Corp., ImageSat International NV, Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., Planet Labs Inc., Satellite Imaging Corp., Thales Group, and The Boeing Co.

Market Overview

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Market Competitive Analysis

The remote sensing satellite market is concentrated. The vendors in the global remote sensing satellite market compete in terms of cost, reliability, and technological innovations. At the same time, vendors are solely dependent on securing key contracts from various defense organizations as there is a limited number of defense organizations across the world. Therefore, the competition among vendors in the market is moderate. Airbus SE, Ball Corp., and ImageSat International NV are some of the major market participants. Although the use of remote sensing satellites in mapping forest biomass will offer immense growth opportunities, the technological complexities of EO/IR sensors will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this remote sensing satellite market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this remote sensing satellite market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • Airbus SE
  • Ball Corp.
  • ImageSat International NV
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • Northrop Grumman Corp.
  • Planet Labs Inc.
  • Satellite Imaging Corp.
  • Thales Group
  • The Boeing Co.

 

Remote Sensing Satellite Market: Segmentation by Geography

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APAC will offer several growth opportunities to market vendors during the forecast period. The enhancement of the capabilities of combatants for both space and airborne imaging platforms will significantly drive remote sensing satellite market growth in this region over the forecast period.

36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for remote sensing satellites in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Remote Sensing Satellite Market: Segmentation by System

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The use of the space-based radar system has gained significant investments from government agencies that are focused on ensuring the effective acquisition of intelligence imagery to address the evolving security concerns. Satellite-based SARs are the only available resource for many defense agencies, which can acquire and disseminate images of various strategic areas in inclement weather conditions or complete darkness. Therefore, a significant share of defense procurement will be directed toward the development and procurement of satellite-based SARs during the forecast period. 

However, market growth in the space-based radar segment will be slower than the growth of the market in the SATCOM and space-based EO/IR segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the remote sensing satellite market size.

Remote Sensing Satellite Market: Key Drivers and Trends

The remote sensing satellite market will grow at a CAGR of almost 7% during the forecast period. The use of remote sensing satellites in mapping forest biomass is identified as one of the primary growth factors for this market. The European Space Agency (ESA) and Airbus Defense and Space signed a contract worth almost USD 255 million to develop a biomass satellite, which is expected to be launched in 2021. The satellite will offer high-resolution images and data of global forest carbon maps. The satellite can penetrate the canopy in the forest area while interacting with the vegetation elements. SAR can measure the overall height of the forest area by using a single satellite. The P-band SAR can provide information in three different views such as PoISAR (SAR Polarimetry), PoIInSAR (Polarimetric SAR Interferometry), and TomoSAR (SAR Tomography) and estimate the height of the forest. Such advantages will drive the growth of the remote sensing satellite market during the forecast period.

The introduction of inflatable SATCOM antennas that are designed for ground military use in remote areas and harsh weather conditions is one of the significant developments in the military sector. These antennas are deployed at locations wherein the movement and installation of standard rigid satellite antennas are challenging. One of the popular companies GATR Technologies signed a 440 million USD contract with the US Army to offer portable, lightweight, and quick-setup, inflatable SATCOM antennas for the Warfighter Information Network-Tactical (WIN-T) services that would assist in network-centric warfare. These GATR inflatable antenna systems are lightweight and small in size and are reliable in extreme environments. 

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Remote Sensing Satellite Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive remote sensing satellite market growth during the next five years
  • Precise estimation of the remote sensing satellite market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the remote sensing satellite industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of remote sensing satellite market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by System

    • Market segments
    • Comparison by System
    • Space-based radar - Market size and forecast 2019-2024
    • SATCOM - Market size and forecast 2019-2024
    • Space-based EO/IR - Market size and forecast 2019-2024
    • Market opportunity by System

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption
      • Industry risks

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Airbus SE
      • Ball Corp.
      • ImageSat International NV
      • Lockheed Martin Corp.
      • Maxar Technologies Inc.
      • Northrop Grumman Corp.
      • Planet Labs Inc.
      • Satellite Imaging Corp.
      • Thales Group
      • The Boeing Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The remote sensing satellite market growth will increase by $4640.76 million during 2019-2024.
      The remote sensing satellite market is expected to grow at a CAGR of 6.81% during 2019-2024.
      Technavio has segmented the remote sensing satellite market by other1 (Space-based radar, SATCOM, and Space-based EO/IR) and geographic (Europe, APAC, North America, MEA, and South America).
      Airbus SE, Ball Corp., ImageSat International NV, Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., Planet Labs Inc., Satellite Imaging Corp., Thales Group, The Boeing Co. are a few of the key vendors in the remote sensing satellite market.
      APAC will register the highest growth rate of 35.77% among the other regions. Therefore, the remote sensing satellite market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Russian Federation
      • China
      • Japan
      • UK
      The key factors driving the remote sensing satellite market growth are:
      • Growing adoption of SATCOM-based systems and equipment
      The remote sensing satellite market vendors should focus on grabbing business opportunities from the space-based radar segment as it accounted for the largest market share in the base year.
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