LONDON–(BUSINESS WIRE)–Jul 24, 2020–
Technavio has been monitoring the satellite-based earth observation market and it is poised to grow by USD 4.51 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Satellite-based Earth Observation Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions –
- What was the value of the satellite-based earth observation market in 2019?
A. Technavio says that the value of the market was at USD 5.25 billion in 2019 and is projected to reach USD 9.76 billion by 2024. - What is the key factor driving the market?
A. Demand for small satellites. - Who are the top players in the market?
A. Airbus SE, GeoOptics, Inc., Hispasat, ImageSat International NV, L3Harris Technologies, Inc., Maxar Technologies Inc., Planets Labs Inc., PlanetiQ, Thales Group, and UrtheCast Corp. are the top players in the market. - Which region is expected to hold the highest market share?
A. APAC. - Based on segmentation by application, which segment is expected to witness the fastest growth in the global market?
A. Defense.
The market is concentrated, and the degree of concentration will decelerate during the forecast period. Airbus SE, GeoOptics, Inc., Hispasat, ImageSat International NV, L3Harris Technologies, Inc., Maxar Technologies Inc., Planets Labs Inc., PlanetiQ, Thales Group, and UrtheCast Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for small satellites has been instrumental in driving the growth of the market. However, the high cost of satellite infrastructure might hamper market growth.
Satellite-based Earth Observation Market 2020-2024: Segmentation
Satellite-based Earth Observation Market is segmented as below:
- Type
- Application
- Defense
- Weather
- LBS
- Energy
- Other Applications
- Geography
- North America
- APAC
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR40651
Satellite-based Earth Observation Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our satellite-based earth observation market report covers the following areas:
- Satellite-based Earth Observation Market size
- Satellite-based Earth Observation Market trends
- Satellite-based Earth Observation Market industry analysis
This study identifies the use of satellites for advanced environment monitoring as one of the prime reasons driving the satellite-based earth observation market growth during the next few years.
Satellite-based Earth Observation Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the satellite-based earth observation market, including some of the vendors such as Airbus SE, GeoOptics, Inc., Hispasat, ImageSat International NV, L3Harris Technologies, Inc., Maxar Technologies Inc., Planets Labs Inc., PlanetiQ, Thales Group, and UrtheCast Corp. Backed with competitive intelligence and benchmarking, our research reports on the satellite-based earth observation market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Satellite-based Earth Observation Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist satellite-based earth observation market growth during the next five years
- Estimation of the satellite-based earth observation market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the satellite-based earth observation market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of satellite-based earth observation market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Defense – Market size and forecast 2019-2024
- Weather – Market size and forecast 2019-2024
- LBS – Market size and forecast 2019-2024
- Energy – Market size and forecast 2019-2024
- Other applications – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- VAS – Market size and forecast 2019-2024
- Data – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Airbus SE
- GeoOptics, Inc.
- Hispasat
- ImageSat International NV
- L3Harris Technologies, Inc.
- Maxar Technologies Inc.
- Planets Labs Inc.
- PlanetiQ
- Thales Group
- UrtheCast Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 07/24/2020 12:15 PM/DISC: 07/24/2020 12:15 PM
Copyright Business Wire 2020.
