Dublin, April 17, 2018 (GLOBE NEWSWIRE) -- The "Satellite-Based Earth Observation: Market Prospects to 2026" report has been added to ResearchAndMarkets.com's offering.
Satellite-Based Earth Observation, Market Prospects to 2026 is the only report providing industry forecasts, assessment of business opportunities and analysis of the entire civil & commercial value chain for this growing segment of the satellite industry. It includes a detailed breakdown of application sectors within each region along with consolidated forecasts per application sector and per region.
Highlights from the report:
The Earth Observation (EO) data and services market should reach $8.5 billion by 2026 based on current growth trajectories. An alternative value-added services (VAS) model also presented has a combined market potential of $15 billion. This upside model considers the implications of new supply solutions being able to open further markets. As well, advances in artificial intelligence and deep learning are expected to benefit the sector, acting as enablers for new solutions based on change-detection analytics.
The growth drivers for data and services are distinctly different. Defense still dominates the market for commercial data, with the sector alone responsible for over $1 billion in data sales with a focus on very high resolution and high accuracy data sets. Data prices to support defense applications are expected to remain high, a drawback for services development in the civil government and private sector. VAS' largest markets remain infrastructure and natural resources monitoring, however in order to build these solutions often lower-cost or free data solutions are utilized. This creates a disparity in the value-chain in which high-cost, precision data sets make up most of the defense-driven commercial data market, whereas more services are being built from less expensive, more competitively-priced solutions.
Companies (both operators and new service providers, such as Orbital Insights, AllSource Analysis, etc.) are building algorithms to detect changes in multisourced data to detect patterns and build predictive analytics. Bringing higher-frequency collected data into these models, the so-called "Big Data" environment will further aid developments, with the potential to open new services areas based around location-based systems such as financial intelligence and site monitoring, among others.
The author has identified approximately 20 companies that have announced intentions to develop lower-cost constellations to collect data at a high rate of revisit based on smallsat and cubesat technologies. As of 2017, these new operators have attracted more than $600 million in venture capital to fund their initiatives. None of the newly announced initiatives have yet reached full capacity; for these constellations to come to fruition, additional investments will be required.
From 2007 to 2016, 181 EO/non-meteorology satellites were launched; the cost to develop these satellites generated $17.4 billion in manufacturing market revenues. Over the next decade more than 600 EO satellites (50kg+, non-meteorology) should be launched to support EO applications. Nearly fifty countries are expected to launch satellite capacity, and over half should be from the private sector; this is expected to generate over $33 billion in manufacturing market revenues. Cumulatively, developing programs could represent $4 billion in market value (12% of the total). This figure remains significant, as the majority of export opportunities are to be found with emerging programs, as opposed to more established government EO programs, which remain captive.
Key Features
New This Year
Key Trends, Drivers & Forecasts
Detailed Value-Chain Analysis
Data & Services Demand
Satellites Launched & Forecast
Key Topics Covered:
01 STRATEGIC ISSUES AND FORECASTS
POLICY AND REGULATION
02 KEY DRIVERS FOR DATA AND INFORMATION SERVICES
COMMERCIAL DATA PRICING
DISTRIBUTION STRATEGIES
VALUE-ADDED SERVICES
03 PROFILES OF SELECTED ORGANIZATIONS
COMMERCIAL POTENTIAL OF NEW SENSOR TYPOLOGIES
04 PROSPECTS FOR THE DEVELOPMENT OF NEW SYSTEMS
MANUFACTURING AND LAUNCH OF SATELLITES
GROUND SEGMENT IMPLICATIONS
UAV CAPABILITIES: ROADMAP & MARKET
05 GOVERNMENT PROGRAM DEVELOPMENT
EARTH OBSERVATION PROGRAMS
DEVELOPING PROGRAMS
METEOROLOGY PROGRAMS
06 DEMAND FOR EARTH OBSERVATION: BY SECTOR
SECTOR DEMAND
07 DEMAND FOR EARTH OBSERVATION: BY REGION
REGION DEMAND OVERVIEW
REGIONAL DEMAND SNAPSHOT
For more information about this report visit https://www.researchandmarkets.com/research/vnsjgm/satellitebased?w=12
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