Lewes, DE -- (SBWIRE) -- 05/26/2016 -- Report forecast the satellite-based EO market in the US to grow at a CAGR of 9.37% during the period 2016-2020.

Satellite-based EO involves the gathering of vital information pertaining to the Earth's system through remote sensing satellites. It is used across verticals such as defense and intelligence, weather, agriculture, natural resources, engineering and construction, media and entertainment, and tourism.

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.

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.

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 market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the satellite based EO market in the US: Airbus Group, DigitalGlobe, MDA, and Planet Labs.

Other Prominent Vendors in the market are: BlackBridge Group (Planet Labs), BlackSky Global, GeoOptics, Geosys, PlanetiQ, Satellogic, and Spire Global.

Market driver
- Widening application base of EO satellites
- For a full, detailed list, view our report

Market challenge
- Lack of standardization and policy-related issues
- For a full, detailed list, view our report

Market trend
- Use of nanosatellites and microsatellites
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 53 pages and 18 Exhibit "Satellite-based EO Market in US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by vertical, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/satellite-based-eo-market-us-2016-2020

Find all Telecom Reports at: http://www.marketresearchreports.com/telecom

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions