The global earth observation market is expected to grow at a sturdy pace in the times to follow. Advancements in meteorology have been at the helm of market growth and maturity. The study of the planetary motion of the earth around other planets holds immense interest for several organizations. Moreover, the study of the earth’s rotation and revolution is the basis of various inferences made by meteorologists. In this scenario, it is safe to expect that the global earth observation market is gradually gaining momentum in recent times. A multitude of important developments have ensued across the field of astronomy. This is also an important dynamic of growth within the global earth observation market.
In this article, Fact.MR looks into a host of trends and factors that have aided the growth of the global earth observation market. The unprecedented demand for new technologies that facilitate earth observation data mining has created fresh avenues for market growth. Moreover, the seamless need to use earth observation data in government and commercial institutes has also driven sales. The applications of earth observation systems are inexhaustive and diverse. Therefore, scientists consider earth observation as a constantly evolving domain that holds immense potential for market growth and maturity.
Importance of Satellite Communication to Aid Market Growth
Satellite communication has gained popularity over the past decade, creating ripples across the earth observation industry. A multitude of communication technologies rely on optimal use of artificial and natural satellites. Furthermore, there is growing importance of studying the response of these satellites to man made technologies. Growth of the telecommunications industry has compelled scientists to optimize the use of satellites. Therefore, the total volume of revenues within the global earth observation market is expected to increase by a dramatic chase. Study of the earth’s planetary motion has been the basis of new discoveries.
Paradigm Shift in Study of Cosmology
Despite the nascence of earth observation systems, they hold tremendous relevance in several age-old branches of astronomy. The use of earth observation systems in cosmology has created fresh opportunities for growth within the global market. The study of the earth’s origin, coupled with the need for verifying the claims of various theories, necessitates the presence of a dedicated cosmology sector. The big bang theory is constant studied under the laws and postulates of cosmology. Furthermore, other factors related to the evolution of the earth are also analysed under cosmology. The total worth of the global earth observation market shall rise with advancements in cosmology.
Need for Earth Observation Systems in the Defense Sector
The defense sector of a region accounts for a large share of revenues invested by the government. The need to stay abreast of new defense technologies stems from growing anarchy amongst regional territories. Governments are making ceaseless efforts to impart reconnaissance and vigilance to their defense personnel. Moreover, use of geology, oceanography, and meteorology has also become a resilient trend across the defense industry. In this scenario, it is safe to presume that the global earth observation market would attract fresh revenues in the times to follow.
Various new sectors such as civil and telecommunications have become prominent end-users of earth observation technologies. This trend provides a level-playing field to manufacturers of earth observation systems. Some of the prominent vendors operating in the global earth observation market are GIM NV, GAF, and Blackbridge.