- The key vendors in the Global Satellite-based Earth Observation Services Market by Government Users 2015-2019 are Airbus, DigitalGlobe and MacDonald, Dettwiler and Associates Ltd. (MDA).
London, 23 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Satellite-based Earth Observation Services Market by Government Users 2015-2019. The number of public-private partnerships has increased significantly. Governments are compelled to involve the Private sector players because of budgetary constraints, and several private companies have started to foray into the market, which has helped generate more capital for space programs and enhance the product development process. The overall market is expected to grow at a CAGR of 10.39 percent during the forecast period of 2015-2019.
New players have started to foray into the market through partnerships with governments, which is attributed to the increased focus of governments worldwide to foster more innovations in space technologies. NASA partnered with the USGS to create Landsat, which holds the record for the longest coverage of the earth’s surface from space.
“The adoption of nano-satellites has increased in recent times as these would be of high utility value for monitoring purposes,” says Faisal Ghaus, Vice President of TechNavio Research.
“They provide the flexibility of low cost and high performance to end-users, which enables several launces in a short span of time to form a constellation.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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