Lewes, DE -- (SBWIRE) -- 02/17/2016 -- Report forecast the global satellite-based EO market to grow at a CAGR of 14.11% during the period 2016 - 2020.

Satellite-based EO involves the gathering of vital information pertaining to the earth's system through remote sensing satellites. It is used across verticals such as defense and intelligence, weather, agriculture, natural resources, engineering and construction, media and entertainment, and tourism.

The report covers the present scenario and the growth prospects of the global satellite-based EO market for 2016-2020. To calculate the market size, the report considers the revenue generated from the following:
- Data and VAS, including image and data processing, and information products.
- Defense and intelligence, government authorities, energy and natural resources, navigation and location-based services, and living resources.
- Revenue generated for EO industrial applications by insurance, manufacturing, and agriculture industries.

The market is divided into the following segments based on geography:
- APAC
- EMEA
- Latin America
- North America

Global Satellite-based Earth Observation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the market is driven by increased demand for earth observation data and VAS across verticals such as defense, agriculture, disaster management, location-based services (LBS), mining, oil, and gas, and weather forecasting and meteorological applications. Satellite operators are launching earth observation satellites to satisfy the needs of enterprises, government organizations, and consumers.

Further, the report states that market growth may be affected by the increased adoption of unmanned aerial vehicles (UAVs) for earth observation.

Key players in the Global Satellite-based Earth Observation Market: Airbus Group, DigitalGlobe, DMC International Imaging, MDA and ImageSat International.

Other Prominent Vendors in the market are: BlackBridge Group (Planet Labs), Deimos Imaging (UrtheCast), e-GEOS (an ASI/Telespazio company), GeoOptics, Geosys, hisdeSAT Servicios Estrategicos, PlanetiQ, Planet Labs, Satellogic and Skybox Imaging (Google).

Market driver
- Widening application base of EO satellites
- For a full, detailed list, view our report

Market challenge
- Adoption of UAV-based earth observation
- For a full, detailed list, view our report

Market trend
- Increased lift-off of nano and micro satellites
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 96 pages "Global Satellite-based Earth Observation Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by vertical, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-satellite-based-earth-observation-market-2016-2020

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