This market research report presents a detailed segmentation of the satellite-based Earth observation (EO) market in Europe by services (EO data and VAS) and by verticals. Leading vendors in the market are The Airbus Group, DMC International Imaging, MDA, and ImageSat International.
Technavio’s market research analysts estimate the satellite-based EO market in Europe to grow at a CAGR of more than 15% between 2016 and 2020. EU has launched several satellites under EO programs to provide information for applications across domains such as urban and regional planning, climate and energy, tourism, biodiversity and environmental protection, and transport and safety. One of the primary driver of this market is commercial use of EO data across industries. Several news agencies and private Earth resources research companies are procuring EO data from EO image providers for commercial purposes.
The new market research report from Technavio provides a breakdown and analysis of the satellite-based EO segments by technology.
“The market is expected to witness increasing adoption of satellite-based EO in disaster management in the coming years. EO satellites transmit data in the form of images that are analyzed by scientists and meteorologists. This data helps the concerned departments to get a better idea of detrimental effects of the disaster and helps the relief teams in devising better strategies for relief provisioning. A large number of government organizations use EO satellites to warn people about possible floods and droughts,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research
At present, the value-added services (VAS) segment dominates the market and is expected to reach close to USD 865 million by the end of 2020. The growth of this segment is driven by an increase in the number of value-added contracts between government organizations and service providers. Moreover, satellite-based data is extensively used city planning, vegetation monitoring, forestry, and pollution control which will impel the growth of this segment in the future.
The key vendors in the satellite-based EO market in Europe are The Airbus Group, DMC International Imaging, MDA, and ImageSat International. This market is moderately competitive owing to the presence of few players. Most EO applications are dominated by government agencies, who prefer to have a long-term partnership with the vendors. The competition in this market is expected to intensify due to the growing demand for satellite-based data and VAS. Vendors have also started using M&A as a strategy to enhance their service delivery.
A more detailed analysis is available in the Technavio report, Satellite-based EO Market in Europe 2016-2020.
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