TechNavio recognizes the following companies as the key players in the Global Satellite-based Earth Observation Market: DigitalGlobe Inc., GeoEye LLC, Astrium N.V., and MacDonald, Dettwiler and Associates Ltd.
Commenting on the report, an analyst from TechNavio’s Telecom team said: ”One the major trends witnessed in the market is the formation of the GEOSS. GEOSS is an internet-based platform that allows users of Earth observation data to access, search, and use the data, information, tools, and services for their needs. GEOSS is mainly used to develop a data-driven system to investigate the Earth’s past, present, and future scenarios and models. In addition, the GEOSS is expected to address several societal benefit areas of critical importance such as disaster, climate, water, weather, ecosystem, agriculture, biodiversity, health, and energy. The GEOSS was developed by the GEO, a voluntary partnership of governments and international organizations, to utilize the growing potential of Earth observations. The GEO has been coordinating several efforts to build GEOSS on the basis of a 10-year implementation plan. The GEOSS system is expected to be completed by 2015. Thus, the formation of GEOSS is an emerging trend that is expected to have a positive influence on the growth of the market during the forecast period.”
According to the report, one of the main drivers in this market is the technological advancements in satellite development and imagery. Advanced image-enhancing technology, high-resolution cameras, and advanced remote-sensing technology have enhanced the quality of satellite-based Earth observation images.
Further, the report states that one of the major challenges in the market is the requirement for high initial investment. The development and launch of an Earth observation satellite costs over US$200 million. In addition, companies will have to factor in the insurance cost to cover risks associated with the satellite launch. All these cumulative costs drastically increase the initial investment needed for new entrants to develop and launch an Earth observation satellite.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are eGEOs S.p.A., ImageSat International N.V., and RapidEye AG.
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. For further information on this report, please visit https://www.technavio.com/content/global-satellite-based-earth-observatio…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/telecom
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TechNavio Announces the Publication of its Research Report – Global Satellite-based Earth Observation Market 2012-2016
