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Asia Pacific Satellite-based Earth Observation Market
Frost & Sullivan, March 2011, Pages: 76
The EO Market is poised for growth in the coming years with a larger number of players, advances in technology and a political environment that should improve with regards to data. In a nutshell, Earth Observation via satellite is supporting sustainable human activity on the local, regional and global scale. The range of capabilities offered by EO satellites and its acc has progressed rapidly in recent years. Asia is going to show a healthy growth in both the commercial data revenues and the EO VAS revenues side. The commercial data revenues are expected to increase by more than three times in the next 10 years.
This research service titled Asia Pacific Satellite-based Earth Observation Market provides an in-depth analysis of the market drivers and restraints, industry trends, and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: remote sensing and disaster management through satellites.
Market Overview
Government Funding Infuses New Energy into the Asia Pacific Satellite-based Earth Observation Market
The Asia Pacific satellite-based earth observation (EO) market is poised for a growth upswing in the future with the expanding participant base, growing technological capabilities and an improved political environment. EO satellite capabilities have advanced in leaps and bounds in recent years. The enormous quantity of high-resolution, multi-spectral and hyper-spectral data available in a short span of time has improved decision-making processes for several commercial and government users. Policy makers in the eastern nations are ramping up government spending for space and satellite imagery endeavours. “Remote Sensing satellites, imagery, ground segment, and value-added products and services have become an integral part of the well–established geographic information systems (GIS) industry,” notes the analyst of this research service. “The seamless integration of satellite imagery with the, navigation and other telecommunication technology will dramatically change the scope and application base of the this market.”
A vast majority of countries have realised the strategic importance of the satellite data for safeguarding national security and furthering socio-economic advancement and are taking the necessary steps to acquire the appropriate space infrastructure. The need for self-reliance requires the Asian countries to own their satellites to solve their specific problems. With several countries preparing to launch their own remote sensing satellites, satellite manufacturers and ground segment service providers are anticipating big business. The commercial remote sensing segment has scaled new heights in the last few decades, with the launch of hundreds of satellites. The commercial data revenues are estimated to increase more than threefold by 2020.
Competition from Established Markets Impairs Market Growth
Despite the bright outlook for the market, some hurdles remain. “North America and Europe are the frontrunners in this arena and pose stiff competition for participants in the Asia Pacific region,” says the analyst. “Leading space agencies and commercial remote sensing companies such as Digital Globe and Spot Image are a threat to the nascent EO market in the Asia Pacific.” Many countries are entering into agreements with commercial companies for their specific imagery requirements. This has proved useful in terms of cost effectiveness as the launch and operation of satellites would be an expensive proposition. The biggest challenge confronting EO market participants is the concurrent change from satellite imagery providers to service providers with the increasing integration of the value chain.
The future of the remote sensing market lies in the value-added services (VAS) sector, where competition is intense. Some participants in the higher value chain are opting for vertical integration by acquiring companies in the lower rungs. By 2020, satellite imagery is expected to become a commodity. The process to extract useful information from satellite imagery will matter. For the participants in the commercial remote sensing industry, the focus will be directed toward charting a growth path for the concurrent change from satellite imagery providers to service providers.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Satellites
- Remote sensing
- Disaster management
- Technologies
The following technologies are covered in this research:
- Image processing
- SAR imagery
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