Futuristic Trends Adopted by the Key Players Operating in Satellite Earth Observation Market

Posted May 16, 2022 by bisrsrch

The satellite Earth observation era began many years ago in 1957 with the launch of Sputnik 1, which orbited the Earth after every 96 minutes and transmitted the radio signals received from the earth.
Earth observation satellite is equipped with remote sensing technology, which is used to capture Earth’s physical and chemical system of surface and atmosphere and monitor various activities across different end users. Earth observation satellites are basically equipped with payloads that are used to capture data about the characteristics of Earth. The data that is captured is then processed and analyzed to extract information that can serve various types of applications and end users. Earth observation satellites are equipped with different payload which uses different types of EO technology or sensors such as optical, synthetic aperture radar, and multi-spectral imaging. For instance, an optical or thermal sensor is not able to penetrate through clouds; it detects radiations that are reflected from the Earth’s surface, such as visible and infrared lights. Radar sensors (active satellites) have capabilities to see through clouds and transmit energy toward Earth and measure the return signal, from which they can extract information about the Earth’s surface.

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Sensor resolution is also one of the other essential parameters in Earth observation satellites, which is categorized into spatial, temporal, and spectral resolution. Spatial resolution is used to measure the size of the pixel analyzed by the sensor. Based on this category, EO satellites can be distributed into low and medium resolution, high resolution, and very-high-resolution. Moreover, the temporal sensor measures the frequency at which the data is acquired for a specific area. The need for the parameter varies subsequently, with applications requiring images every few hours, weekly, and yearly.

The Earth observation data and service market has been witnessing a high growth rate owing to significant demand for applications such as disaster management, agriculture, cartography, and natural resources survey. However, the data can also be used for other applications like retail, e-commerce, insurance, financial service, media, and entertainment, among others. The market is gaining popularity in countries such as the U.S., Canada, the U.K., Russia, Germany, France, Middle East and Africa, and Latin America.

The competitive landscape of the satellite Earth observation market consists of several organic and inorganic strategies followed by the key players to increase their market share. The strategies include product innovations, contracts, partnerships, acquisitions, and business expansions, among others.

Some of the key players in the global satellite Earth observation market include Airbus S.A.S, Maxar Technology, Planet Labs, ICEYE, and Capella Space. These companies are aiming for a wide range of partnerships, collaborations, agreements, and contracts to expand their operations and increase their market presence globally to generate revenues and attract new customers.

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Satellite Earth observation has gained significant importance over the three years (2019-2021). An increase in the requirement of Earth observation data and value-added services across the globe from various end users such as defense and government, maritime, and agriculture, among others, has generated the demand for satellite Earth observation during the forecast period. The industry is currently focusing on developing high-efficient and low-weight satellite Earth observation products that can be used for several years. The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the satellite Earth observation study provides a broader perspective of the industry.

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Bhavya Banga
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Last Updated May 16, 2022