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Technavio Announces Top Five Vendors in the Global Remote Sensing Satellite Market From 2016 to 2020

LONDON—(BUSINESS WIRE)—Technavio has announced the top five leading vendors in their recent global remote sensing satellite market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.

Competitive vendor landscape

The global remote sensing satellite market is highly competitive, and vendors compete based on cost, product quality, reliability, and aftermarket service. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality satellite systems with latest technology and materials. The emergence of advanced satellite technologies and systems has transformed the space industry.

Lockheed Martin and Mitsubishi Electric are the two leading vendors in the market. Their focus is primarily on the implementation of lightweight materials, more of electric technologies, and robust systems. “Lockheed Martin is the prime contractor for a number of major US military satellite programs. Mitsubishi Electric ranks second due to the development of both the IGS and the Quasi-Zenith spacecraft,” says Abhay Singh, a lead analyst at Technavio for space sector.

Top five remote sensing satellite market vendors

Airbus Defence and Space

Airbus Defence and Space was founded in 2014 after the restructuring of its parent company, the Airbus Group. It is headquartered in Toulouse, France. The company had 38,000 employees as of December 2014. It reported net revenue of USD 16.9 billion in FY2014.

The company engages in the design, development, and operating space systems ranging from launchers to the in-orbit delivery of satellites, planetary, deep-space missions, and activities in International Space Station’s capabilities enhancement programs. The company designs and manufactures space systems and satellite communications products that are used by various governments and institutions.

Ball Aerospace & Technologies

Ball Aerospace & Technologies was founded in 1956 and is headquartered in Boulder, Colorado. The company designs, develops, and manufactures aerospace systems. The company operates as a subsidiary of Ball Corporation. The company serves defense and civilian government agencies and commercial customers.

Ball Aerospace has been offering high-resolution imagery data gathering capability in collaboration with a US-based space imagery and geospatial content provider, DigitalGlobe since the mid-90s. It has integrated a fleet of remote sensing satellites that are used for advanced geospatial solutions and commercial earth observation.

Lockheed Martin

Lockheed Martin was founded in 1995 and is headquartered in Bethesda, Maryland, US. The company engages in the R&D, production, and supply of advanced technology systems, products, and services to global defense and aerospace industries.

The company, through its space segment, engages in the design, development, and production of satellites and transportation systems. It collaborates with various governments, military organizations, and commercial customers for developing an extensive array of remote sensing, meteorological, navigation, and communication satellites.

Mitsubishi Electric

Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo, Japan. The company engages in the manufacture and sale of electrical and electronic systems and products across the globe.

Since 1960, the company has been associated with space technology development programs in Japan. It has participated in various payloads and bus components development programs across the globe. It has supplied the TURKSAT 4B satellite to the International Launch Services (a US-Russian joint venture) and eventually the satellite was launched into orbit on October 18, 2015.

Thales Alenia Space

Thales Alenia Space is a joint venture between Thales (67% share) and Italy-based aerospace company, Finmeccanica (33%). The company engages in the development of space telecommunication, earth observation, and navigation products, as well as orbital infrastructures. The company has an operation in over eight countries.

Thales Alenia Space designs, develops, and manufactures a comprehensive space system that is used for both commercial and government applications across the world. It provides remote sensing systems such as satellites, platforms, and payloads for defense, civilian, and dual-use applications.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Technavio Research
Jesse Maida
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