United States Satellite-based EO Market 2016-2020 - - Widening Application Base of EO Satellites Sets the Market Sky-Rocketing - Research and Markets

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May 26, 2016, 05:10 ET

DUBLIN, May 26, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Satellite-based EO Market in US 2016-2020" report to their offering.

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The satellite-based EO market in the US to grow at a CAGR of 9.37% during the period 2016-2020.

Satellite-Based EO Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the satellite-based EO market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of data and VAS, defense and intelligence sectors and applications required by the insurance, manufacturing and agriculture sectors of industry. The report also includes a discussion of the key vendors operating in this market.

An emerging trend in this market is the use of nanosatellites and microsatellites. The growing demand for hyperspectral imaging systems and enhanced computational and communication systems enables satellite providers such as Planet Labs and Terra Bella (Skybox Imaging) to launch nanosatellites and microsatellites into space. These small satellites are used in navigation and mapping applications for precise tracking and spotting.

According to the report, a key growth driver in this market is the widening application base of EO satellites. EO satellites are used to access data and satellite images pertaining to civil construction, weather forecast, climate, disasters, agriculture, and biodiversity. Around 190 satellites were orbiting the planet as of January 2014. It is likely that more than 350 EO satellites will be placed in the orbit between 2015 and 2022 due to the widening application base of EO satellites.

Further, the report states that one major challenges which could hamper market growth is the lack of standardization and policy related issues. Commercial satellite operators in different countries have to follow national policies and this leads to global interoperability issues.

Key vendors

- Airbus Group
- DigitalGlobe
- MDA
- Planet Labs

Other prominent vendors

- BlackBridge Group (Planet Labs)
- BlackSky Global
- GeoOptics, Geosys
- PlanetiQ
- Satellogic
- Spire Global

Key Topics Covered:

PART 01: Executive summary
- Highlights

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
- Data and VAS revenue
- Five forces analysis

PART 06: Market segmentation by vertical
- Satellite-based EO market in US by vertical

PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Appendix

For more information visit http://www.researchandmarkets.com/research/b2b7pj/satellitebased

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SOURCE Research and Markets