The dynamics around Satellite-based Earth Observation Market are increasingly powerful with new disruptive entrants like CubeSat (open source), UAV and set of small satellites initiatives.
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| CubeSat in action. |
Earth observation
satellites are used, inter alia: for accessing data and satellite images
pertaining to civil construction, weather forecast, climate, disasters,
agriculture, and biodiversity.
For those who are unfamiliar, DigitalEcono recalls
that, the information gathered
through satellites can be effectively used to monitor and predict weather
changes, disasters and natural calamities, climate patterns, agriculture
forecasts, oil and mineral deposits, and the availability of water sources.
Satellite-based earth observation is used across various industries such as
defense and intelligence, oil and gas, weather, agriculture, natural resources,
engineering and construction, media and entertainment, and tourism.
According to Research and Markets the global satellite-based
earth observation market is expected to grow at a CAGR of 13.23% over the
period 2014-2019.
DigitalGlobe, DMC International Imaging, MDA
Information System, Skybox Imaging (Google) and ImageSat International are
progressively considered as key players in the global satellite-based earth
observation market.
Henceforth, it is obvious that, the use of small
satellites in large constellations is an emerging trend that would gain
considerable traction in the future.
The small size and low cost of these satellites make
them thrilling in a large constellation, and enable them to complete the orbit
faster than larger satellites and increase the imaging coverage as well.