Remote Sensing Satellite
Wiseguyreports.Com Adds “Remote Sensing Satellite -Market Demand, Growth, Opportunities, and Forecast, 2016 - 2020” To Its Research Database.
This market research report includes a detailed segmentation of the global remote sensing satellite market by systems (SATCOM, radar, and EO/IR). It also outlines the market shares for key regions such as the Americas, EMEA, and APAC. The leading vendors analyzed in this report are Airbus Defence and Space, Ball Aerospace, Lockheed Martin, Mitsubishi, and Thales Alenia Space.
Outlook of the global remote sensing satellite market
Technavio’s market research analyst predicts the global remote sensing satellite market to grow at a CAGR of approximately 5% until 2020. Satellite communication (SATCOM) has become a vital mode of communication for soldiers and operators under hazardous conditions in the border, the middle of the sea, or any inaccessible areas. Due to its advantages, global defense authorities are developing advanced and sophisticated systems and technologies to strengthen their military capabilities. The ability of these remote-sensing satellites to capture superior satellite-based earth observation images and to help users by allowing them to acquire electro-optical data from new and existing databases will result in its augmented utilization in the public and private sectors during the forecast period.
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Segmentation by systems and analysis of the remote sensing satellite market
This market research report predicts the EO/IR market segment to reach close to USD 4 billion by 2020. The EO/IR systems are rapidly gaining popularity and are extensively being used by defense forces in their existing and upcoming platforms. The rising implementation of EO/IR systems in unmanned aerial systems will lead to the growth of this market segment during the forecast period.
Geographical segmentation of the remote sensing satellite market
The market in APAC is predicted to grow at a CAGR of approximately 7% during the predicted period. Since APAC’s defense budget is rapidly increasing, it will observe aggressive investments to enhance and strengthen its defense technologies. Furthermore, factors such as the recent acquisition of new technologies and systems through lucrative investments will impel the prospects for growth in this market segment during the forecast period.
Competitive landscape and key vendors
The competitive environment in this market is expected to intensify with an increase in R&D innovations and M&A in the coming years. The market is also likely to witness a growing trend of local acquisitions and M&A by the leading players. The key players in this market are expected to diversify their geographical presence with a focus on the Americas until 2020.
Leading vendors in the market are -
- Airbus Defence and Space
- Ball Aerospace
- Lockheed Martin
- Thales Alenia Space
Other prominent vendors in the market are Boeing, CASC, ISS Reshetnev, Orbital ATK, and Telespazio.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global defense remote sensing satellite market?
- What are the key market trends impacting the growth of the global remote sensing satellite 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 vendors in the global remote sensing satellite market?
- Trending factors influencing the market shares of the Americas, EMEA, and APAC.
- What are the key outcomes of the five forces analysis of the global remote sensing satellite market?
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Table of Content
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
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