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Remote Sensing Satellite Market Research
Report By Forecast To 2021
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Remote Sensing Satellite Market Research Report - Forecast to 2021
Global Remote Sensing Satellite Market by System (SATCOM, Radar, and Electro Optic / Infrared), and by
Geography - Forecast To 2021
The global remote sensing satellite market is growing with the rapid pace. According to a recent study report published by
the Market Research Future, The global market of remote sensing satellite market will grow at a rapid pace over the
forecast period. The market is forecasted to witness slow but steady growth by 2021, which will be a surplus growth at a
moderate CAGR during the projected period (2017 -2021).
The high demand for remote sensing satellite market is due to the growth in the satellite communication. This increases in
the participation of countries in the field of remote sensing satellite market. Moreover, the revolution from aerial
photography to multi-spectral satellite imaging that are helpful for the distinguishing and characterizing earth and
atmosphere features. The rapid technology advancement along with the increased focus of OEMs on providing remote
sensing system is expected to add to the growth of the market. However, cost associated with satellite launch and
complexities attached to its integration with several platforms act as a barrier to the growth of remote sensing satellite
market.
The remote sensing satellite market is completely dependent on the versatile applications related to mapping and
monitoring earth’s surface. Thus, the increasing or decreasing demand for the remote sensing applications has an impact on
the market. Moreover, the factor responsible for the growth of remote sensing satellite market is demand for growing
investment on satellite communication and ISR payloads, and the growing need for advanced optical imaging systems. This
is the primary factor that drives the growth of the global remote sensing satellite market and has gained prevalence in the
recent times, with the usage of best in class technologies in space application. Thus, the growth of the remote sensing
satellite market is expected to go hand in hand with the growth of investment in the satellite communication technologies.
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Remote Sensing Satellite Market Research Report - Forecast to 2021
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Remote Sensing Satellite Market Research Report - Forecast to 2021
Remote sensing satellite market is widely used in different sectors as per their application. For instance, in defense sector,
the significant developments of satellite communication has bolster the market. The SATCOM is widely used and comprises
of largest market share due to the growing need for earth observation satellites. It is widely used for monitoring of the
Earth’s surface to obtain important data for mapping, mineral exploitation, land-use planning, resource management and
other activities. Similarly, in agriculture sector, the growing utility of remote sensing satellites applications such as crop area
and production estimation, soil mapping and farm advisories might have bolster the need for remote sensing satellites
across the globe.
Regional Analysis
European region is dominating the market of global remote sensing satellite market due to continuous advancements in the
usage of new frequencies, signal transmission techniques, and effective terminals. North America market is referred to as
the second-largest remote sensing satellite market due to factors such as growing investments in various military and
commercial satellites programs have fuelled the demand for global remote sensing satellite market. The market in the
North American is largely driven by increasing demand for remote sensing services in various sectors such as Oil & Gas,
mineral exploration, energy and power, which helps in growth of global remote sensing satellite market.
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Remote Sensing Satellite Market Research Report - Forecast to 2021
Segmentation
The global remote sensing satellite market is segmented in to 4 key dynamics for the convenience of the report and
enhanced understanding;
Segmentation by System : Comprises SATCOM, Radar, EO/IR and Others
Segmentation by Application : Comprises Earth Observation, Telecommunication, Meteorology, Mapping and Navigation
and Others
Segmentation by End User : Comprises Defense and Commercial
Segmentation by Regions
Africa and South America.
: Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East &
Key Players
Airbus S.A.S (France), Ball Corporation (U.S.), Boeing (U.S.), Space Exploration Technologies Corporation (U.S.), Thales Group
(French), China Aerospace Science and Technology Corporation (China), Lockheed Martin Corporation (U.S.), Mitsubishi
Electric Corporation (Tokyo), Orbital ATK Inc. (U.S.) and Planet Labs Inc. (U.S.) and others are some of the prominent
players profiled in MRFR Analysis and are at the forefront of competition in the global Remote Sensing Satellite market
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