Showing posts with label Space. Show all posts
Showing posts with label Space. Show all posts

Thursday, January 9, 2020

Space Agencies Initiate to Launch more Imaging Satellites for Comprehensive Monitoring


Commercial satellite imaging for various industrial purposes to be highly trending. Several Space agencies are on the way to launch imaging satellites for a thorough examination of our planet.


The era of technological advancements has made it possible to easily access the images of our planet, with satellite imagery. With numerous advantages of satellite imagery, humans have found multiple ways of using it commercially. Industries including natural resources, federal, state and local agencies, construction, architecture, and engineering use satellite imagery for various applications. Environmental monitoring, mapping, weather prediction, and archeological surveys are some of the applications for which satellite imagery is used commercially. Since satellites revolve around the Earth, it becomes easy to capture the images repeatedly, to know every fluctuation. On the other hand, the satellite has a greater area of coverage and the digital information provided by it can easily be circulated. In addition, the comprehensive imagery provided by imaging satellites is also used by the government for public projects.


Other than this, what makes commercial satellite imaging services a preferred choice is its faster image delivery. The growing use of satellite imaging services has fueled the market growth. A report published by Allied Market Research says the global commercial satellite imaging market would grow at a CAGR of 11.2% from 2019 to 2026. The growing dependence on location-based services and vital applications in government and defense services are the major factors that fuel the growth of the global market.

With growing advantages, several space agencies have initiated to launch more of imaging satellites for commercial uses and comprehensive monitoring. Recently, a new imaging satellite has been launched. The Indian Space Research Organization (ISRO), on its 50th mission, launched its brand-new spy satellite, RISAT-2BR1 along with nine other foreign satellites. In which, six satellites are from the United States, and one each from Israel, Italy, and Japan, with an application range from remote sensing to earth imaging. Furthermore, the satellites were launched via the Polar Satellite Launch Vehicle (PSLV). In addition, RISAT-2BR1 is applicable for military purposes, agricultural issues, and disaster management support. The mission has an age of five years. Moreover, the OSLV-C48 launch vehicle took off from Dhawan Space Centre in Sriharikota, Andhra Pradesh.

Following the same trend of imaging satellites, Mitsubishi Heavy Industries (MHI), a giant Japanese satellite and space industry declared to launch Japan’s eight Intelligence Gathering system (IGS) reconnaissance satellite via an MHI H-IIA satellite launch vehicle, in 2020. Furthermore, the operation would take off from the Tanegashima Space Centre in Kagoshima Prefecture, southwest Japan. In addition, an electro-optical camera will be attached to the IGS satellite and it will connect to the already existed seven IGS satellites. The Japanese government follows the aim to place ten IGS satellites at any one time. Furthermore, the Japanese civil Earth observation satellites including the ASNARO system and commercial and allied imagery supplements the IGS imagery system.


The satellite imagery has been through a long way to reach here. On the other hand, technological advancements providing higher resolutions have fueled commercial satellite imaging. Furthermore, with satellite imaging systems it has been easy to keep an eye on disastrous activities including natural calamities and military attacks. Moreover, satellite imaging provides the latest information regarding uncertainty and offers to take precautions to lessen the damage. On the other hand, a rise in the incorporation of new technologies would offer great opportunities to the commercial satellite imaging market.

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Friday, December 27, 2019

Space Launch Services Market Trend Analysis, by Technique and Application to 2019-2026

Allied Market Research published a report, titled, "Space Launch Services Market by Payload (Satellite, Human Spaceflight, Cargo, Testing Probes, and Stratollite), Launch Platform (Land, Air, and Sea), Service Type (Pre-Launch and Post-Launch), Launch Vehicle (Small (Less than 300 ton) and Heavy (Above 300 ton)), and End-User (Government & Military and Commercial): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global space launch services industry generated $8.90 billion in 2018, and is expected to garner $30.01 billion by 2026, witnessing a CAGR of 17.2% from 2019 to 2026.


Prime determinants of the industry
Rise in investment in space exploration activities by governments, surge in satellite launches across the world, and demand for commercial non-geostationary satellite orbit (NGSO) space launches drive the global space launch services market. However, high initial cost of investment and concerns related to interoperability hinder the market growth. On the other hand, space tourism and product innovation to reduce prices of space launch create new opportunities in the industry.


Satellite segment to offer lucrative opportunities
Based on payload, the satellite segment held the largest market share in the global space launch services market in 2018, contributing for more than half of the total share, and is projected to maintain its dominating position during the forecast period. Moreover, this segment would register the largest growth rate with a CAGR of 17.7% from 2019 to 2026. This is due to surge in commercial usages in communication and earth observation for gathering accurate & relevant data. The research also analyzes human spaceflight, cargo, testing probes, and stratollite.

Government & military segment to maintain its dominating position by 2026
Based end user, the government & military segment held more than two-thirds of the total market share of the global space launch services market in 2018, and will maintain its dominating position by 2026. This is due to rise in investments in exploration activities, specifically in probe missions for military applications and human spacecrafts for future deep space exploration programs. On the other hand, the commercial segment is estimated to grow at the highest CAGR of 17.7% from 2019 to 2026.

The U.S. to maintain its dominance during the forecast period
Based on region, the U.S. held the major market share, contributing for nearly two-fifths of the total share of the global space launch services market in 2018, and will maintain its leadership status during the forecast period. This country would grow at the highest CAGR of 18.5% from 2019 to 2026. It is a lucrative segment due to manufacturers opting for business expansion activities and rise in government spending on satellites and space exploration activities.


Market players grabbing the largest pie
  • Antrix Corporation Ltd.
  • Mitsubishi Heavy Industries
  • Space Exploration Technologies Corp (SPACEX)
  • AIRBUS S.A.S (Arianespace)
  • Safran (Arianespace)
  •  The Boeing Company (United Launch Alliance)
  •  Lockheed Martin Corp. (United Launch Alliance)
  •  State Space Corporation ROSCOSMOS
  •  ISC Kosmotras
  •  S7 Space (Sea Launch)
  • Starsem
  •  China Aerospace Science and Technology Corporation
  •  Northrop Grumman Corp.
Driving factors for the market
  1. Increasing Government Investment in Space Exploration Activities
  2. Increasing Demand for Commercial Non-Geostationary Satellite Orbit (NGSO) Space Launches
  3. increasing satellite launches across the globe
Market Restraints and Opportunities: 
  1. High Initial Investment Associated to Space Launch Services
  2. Interoperability issues
  3. Focus on Price Reduction for Space Launch Services through Product Innovation
  4. Space Tourism
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