APAC Satellite-based Earth Observation Market CAGR Growth of 16.79% by 2020
July 5, 2016 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Satellite-based Earth Observation Market in APAC 2016-2020" report to their offering.
The report forecasts the satellite-based earth observation (EO) market in APAC to grow at a CAGR of 16.79% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A key trend which is expected to have a big impact on growth is the increased lift-off of nano-and microsatellites. The increased launch of nano-and microsatellites in large constellations is an emerging trend that will gain considerable traction in the future. The rising demand for hyperspectral imaging systems and enhanced computational and communication systems enables nano- and microsatellite providers such as Planet Labs and Skybox Imaging to launch nano and microsatellites into space. These small satellites are used for precise tracking and spotting in navigation and mapping applications.
According to the report, a key growth driver is the widening application base of EO satellites. EO satellites are used to access data and satellite images related to civil construction, weather forecast, agriculture, climate, disasters, and biodiversity. As of January 2014, around 190 satellites were orbiting the planet. It is estimated that over 350 EO satellites will be placed in Earth's orbit between 2015 and 2022 due to the broad application base of EO satellites. Companies across the world are foraying into the market due to high requirements for remote sensing and meteorology across industries such as mining, oil and gas, agriculture, defense and intelligence, and forestry.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.