Earth Observation Satellite, Data and Service Market Size and Industry Analysis (2018–2023)
The global earth observation satellite, data and service market has been segmented into satellite manufacturing, earth observation data and earth observation value added service (VAS) market. The satellite manufacturing includes the revenue generated by the earth observation satellite manufacturing, EO data market includes the revenue generated by the satellite operators either through direct selling resellers, or distributors; and EO VAS market includes the revenue generated by the companies providing service such as software, data analytics, data visualization, and platforms; over EO data.
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Earth observation satellite, data and service are used for varied application including agriculture, cartography, natural resources survey, and disaster management, among others. During the forecast period, earth observation satellite, data and service market is expected to witness huge growth as the demand for EO satellites is rising.
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Payload, structure, telecommunication, on-board computer, power system, attitude control system and propulsion system are different types of subsystems that are equipped in earth observation satellites
Payload for earth observation satellite generated a market revenue of $XX million in 2017, followed by other subsystems.
The global demand for payload has increased over the years due to increase in the underlying applications of the earth observation satellites. The global market share of payload for earth observation satellite is likely to be XX% by 2023.
Payload market for earth observation satellite is expected to grow at the highest CAGR of XX% during the forecast period 2018–2023.
The attitude control system market is estimated to become the second highest contributor to the overall market share by 2023. It is estimated to reach to $XX million by 2023.
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