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Satellite-Based Earth Observation Market to Grow at a 11.34% CAGR by 2018 Forecasts a New Research Report

DALLAS, April 4, 2014 /PRNewswire-iReach/ — The “Global Satellite-based Earth Observation Market 2014-2018” report says one of the major trends witnessed in the market is the formation of the GEOSS. GEOSS is an internet-based platform that allows users of Earth observation data to access, search, and use the data, information, tools, and services for their needs.

GEOSS is mainly used to develop a data-driven system to investigate the Earth’s past, present, and future scenarios and models. In addition, the GEOSS is expected to address societal benefit areas of critical importance, such as disaster, climate, water, weather, ecosystem, agriculture, biodiversity, health, and energy. The GEOSS was developed by the GEO, a voluntary partnership of governments and international organizations, to utilize the growing potential of Earth observation. The GEO has been coordinating efforts to build GEOSS on the basis of a 10-year implementation plan. The GEOSS system is expected to be completed by 2015. Therefore, the formation of GEOSS is an emerging trend that is expected to have a positive influence on the growth of the market during the forecast period.

Analysts forecast the Global Satellite-based Earth Observation market will grow at a CAGR of 11.34 percent over the period 2013-2018. According to the report, one of the main drivers in this market is The “Global Satellite-based Earth Observation Market 2014-2018” report says one of the major trends witnessed in the market is the formation of the GEOSS. the increasing number of Earth observation satellites being launched. Seven Earth observation satellites were launched between January 2013 and October 2013. In addition, almost 30 Earth observation satellite missions are expected to be launched during November 2013-December 2014, and almost 258 Earth observation satellites are expected to be launched during 2014-2029.

Covered in this Report
The revenue from the Global Satellite-based Earth Observation market can be segmented into Data and value added services. The market revenue can also be segmented by vertical into Defense and Intelligence, Government Authorities, Energy and Natural Resources, Navigation and Location-based Services, Industry, and Living Resources.

Key Regions
North America
Europe
APAC
Latin America
MEA

Key Vendors
Astrium N.V.
DigitalGlobe Inc.
DMC International Imaging Ltd.
MacDonald, Dettwiler & Associates Ltd.

Other Prominent Vendors
Deimos Imaging S.l.
eGEOs S.p.A.
GeoOptics Inc.
hisdeSAT Servicios Estrat├ęgicos S.A.
ImageSat International NV
PlanetIQ
Rapid Eye A.G.
Skybox Imaging Inc.

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Key Market Driver
Growing Number Earth Observation Satellite Launches.

Key Market Challenge
Increasing Adoption of Unmanned Aircraft Vehicle-based Earth Observation.

Key Market Trend
Increasing Use of Earth Observation Maritime Applications.

Further, the report states that one of the major challenges in the market is the increasing adoption of UAV-based Earth observation. Many defense organizations as well as natural resources and biodiversity researchers, are using UAVs to gather information and imagery, because the UAVs provide more flexibility and hyper-spatial data compared to the satellite-based Earth Observation data.

Other Related Reports:
Global Satellite Market 2014-2018 The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global region; it also covers the Global Satellite market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this space are Boeing, Airbus SAS., Lockheed Martin Corp., Orbital Sciences Corp., and Thales Group.

Other vendors mentioned in the report are APCO Technologies SA, Ariane Space, ATC Inc., China Great Wall Indutry Corp., Comtech Telecommunications Corp. , Encompass Digital Media, Inc., Eutelsat Communications S.A., GenCorp: Aerojet, Globalstar Inc., GlobeComm Systems Inc., Harris Corporation, Huawei, Hughes Satellite Systems Corp., Indian Space Research Organisation, Indian Space Research Organisation: ISRO, Inmarsat Plc., Intelsat Investment S.A., International Launch Services, Iridium Communications Inc., ITT Corporation: Space Systems, Jena-Optronik GmbH, L-3 Communications: Space and Navigation, Loral Space Systems, Mitsubishi Heavy Industries, OHB System AG, Orbcomm Inc., Satcom Resources, SES S.A., SKY Perfect JSAT Holdings Inc., Space International Services, SPACEX, Star One S.A., STM Networks Inc., Telesat Holdings Inc., Thaicom Public Company Ltd., Thuraya Satellite Telecommunication Company Inc., United Launch Alliance, ViaSat Inc., and VT iDirect, Inc.

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Source
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