Pune, India -- (SBWIRE) -- 09/18/2018 -- Remote Sensing Satellite Market –Overview

The technology of remote sensing satellite involves monitoring, observing, and gathering information of the Earth (land and ocean) and atmosphere with the help of inbuilt sensors that are integrated in airborne (aircraft and balloons) or space-borne (satellites and space shuttles) platforms. The successful conjunction of remotely procured data with conventional satellite systems for resource management and environmental assessment has led to the institutionalization of such technologies in user-domain. Such data is used for several applications such as agriculture, water resources, urban development, mineral prospecting, environment, forestry, border and maritime security, drought and flood forecasting, ocean resources and disaster management.

Moreover, advanced image-enhancing equipment such as high-resolution cameras and advanced remote-sensing technology have improved the quality of satellite-based earth observation images. Such equipment offers a single-internet access point to all the users to obtain EO data from existing data bases as well as from the new up-to-date portals. Thus, users from various domains can access the information directly.

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The users can be surveyors, farmers, miners, fishers, engineers, and others decision makers seeking EO data to meet their business objectives. Earth observation market can expand the scope of this technology in areas of insurance, tourism industry, land management, natural disaster response, and real estate. Public and private companies such as Google also raise a demand for EO data for its use in mapping and location-based services. It is also extensively shared and used by defense, science, research and development organizations, and private users.

Remote Sensing Satellite Market – Competitive Analysis

The leading market players in the global remote sensing satellite market primarily include:

- Airbus Defence and Space
- Ball Aerospace
- Lockheed Martin
- Mitsubishi Electric
- Thales Alenia Space
- Boeing
- CASC
- ISS Reshetnev
- Orbital ATK
- Telespazio

The global Remote Sensing Satellite Market is highly competitive, and vendors compete based on cost, product quality, reliability, and aftermarket service. To survive and succeed such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality satellite systems with latest technology and materials.

Lockheed Martin and Mitsubishi Electric are the two leading vendors in the market. Their focus is primarily on the implementation of lightweight materials, more of electric technologies, and robust systems. Lockheed Martin ranks on the top because it is the prime contractor for a number of major US military satellite programs. These include the Advanced EHF constellation, the US Navy's MUOS, the GPS III, and the SBIRS High system. Similarly, Mitsubishi Electric ranks second owing to the development of both the IGS and the Quasi-Zenith spacecraft. Likewise, Airbus Defense and Space has contracts for a number of satellite programs, including the CSO, PAZ, Falcon Eye, SEOSAR, SEOSat, and SARah. These three companies along with Boeing and ISS Reshetnev hold a combined 66.8% share of the military satellite market. The emergence of such advanced satellite technologies and systems has transformed the space industry.

In 2015, Lockheed Martin signed a contract with EchoStar Corporation, a US-based vendor, promising launch services for the EchoStar XIX communications satellite, also known as JUPITER-2, a large, multi-spot beam Ka-band satellite. It is reported that Cape Canaveral Air Force Station, Florida will be hosting the launch of this satellite on a United Launch Alliance Atlas V rocket in late 2016.

Mergers and acquisitions and increased collaboration with partners globally will drive the market in the forecast period. In 2012, DigitalGlobe, a prominent vendor of the market, acquired its competitor GeoEye at $900 million. Such acquisitions will enhance the position of the company in the market and enable direct access to local customers.

Government organizations such as the Department of Defense (DoD), Ministry of Defense (MoD), European Union (EU), and United Nations (UN) encourage the provision of satellite systems and technologies. As a result, the vendors invest in creating new, cost-efficient, and effective remote sensing satellite solutions and systems.

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Industry/ Innovation/ Related News:

August, 2017 – SpaceX Falcon 9 launched a remote sensing satellite for the government of Taiwan. The spacecraft carried cameras capable of producing panchromatic images at a resolution of two meters and colour images at a resolution of four meters.

October, 2016 – Orbital ATK signed a contract with NASA to build next civilian land remote sensing satellite to provide valuable data for agriculture, emergency response and disaster relief.

September, 2015 – Thales Alenia Space had signed a contract with the French Space Agency, Centre National d'Etudes Spatiales, for feasibility study regarding the development of a high-resolution optical remote sensing satellite system.

2014:- French Defence Procurement Agency (DGA) won the contract with Thales to provide 20 ground terminals as part of the Syracuse III satellite-based radio communication system. The SATCOM terminals would be installed on VAB light armored land vehicles by 2017.

2014:- Orbit Communication Systems signed an agreement with a leading UAV manufacturer in Israel, worth over $500,000, and promised to supply airborne and ground-based SATCOM systems for military communication.

Remote Sensing Satellite Market – Segments

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 : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Remote Sensing Satellite Market – 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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