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Research and Markets: Satellite-Based Earth Observation Market Set for 13% CAGR Growth by 2019

Research and Markets: Satellite-Based Earth Observation Market Set for 13% CAGR Growth by 2019 - top government contractors - best government contracting event
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satellite airforceResearch and Markets predicts that the global satellite-based Earth observation market will achieve a 13.23-percent compound annual growth rate over a five-year period ending 2019.

The company said Friday the report points to the growing application base for satellite data leading to the increasing number of launches of Earth observation satellites, which is the key market driver.

According to the report, these small satellites operate as part of large constellations and are increasingly used due to their lower costs, efficiency in orbit, larger imaging coverage and configurability.

Research and Markets also noted that the use of UAV-based Earth observation services could present a challenge to the growth of the market.

The report identified the following key vendors in the global satellite-based Earth observation market:

  • DigitalGlobe
  • DMC International Imaging
  • MDA Information System
  • Skybox Imaging (Google)
  • ImageSat International
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Written by Anna Forrester

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