The key vendors in the global remote sensing satellite market 2016-2020 are Airbus Defence and Space, Ball Aerospace, Lockheed Martin, Mitsubishi, and Thales Alenia Space.
London, 9 March 2016: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global remote sensing satellite market 2016-2020. The advent of inflatable SATCOM antennas will be the key trend responsible for the strong growth of this market. Inflatable SATCOM antennas are designed for ground military use in remote areas and harsh weather conditions. Since these antennas are equipped with the transmission power advantages of a large antenna with the low weight and portability feature of a small aperture antenna, its demand among the end users will increase rapidly over the course of the next four years. The analysts at Technavio have estimated the global market for remote sensing satellites to grow at a CAGR of around 5% by 2020.
The augmented for electro-optical imaging systems will be the key driver for the growth of this market. The advent of advanced image-enhancing equipment like high-resolution cameras and advanced remote-sensing technology has improved the quality of satellite-based earth observation images. This equipment offers a single internet access point for all users to obtain EO data from existing databases and from new up-to-date portals. The widespread applicability of image-enhancing equipment across industries like insurance, tourism, land management, natural disaster response, and real estate will lead to the strong growth of this market during the forecast period.
“Innovations in antenna and satellite technology, along with high-capacity global networks, have brought military forces on the forefront of technological capability. The introduction of inflatable SATCOM antennas, designed for ground military use in remote areas and in harsh weather is one such significant development,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
“The battlefield surveillance radar is a state-of-the-art lightweight, man-portable battery-powered electronic short-range radar system that is equipped with built-in software algorithms that detect, track, and classify targets such as crawling men, marching soldiers, light and combat vehicles, and low-flying helicopters. Since it aids in perimeter e-surveillance for paramilitary forces, defense installations, and civilian infrastructures such as airports, it is likely to witness lucrative investments in the market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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