US: Technavio has released its newest study on APAC Satellite based EO Market on Monday. The analysts forecast the satellite-based earth observation (EO) market in APAC to grow at a CAGR of 16.79% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the satellite-based earth observation (EO) market in APAC for 2016-2020. To report calculates the market size on basis of revenue generation which will be done by using Data and VAS. These will include image and data processing as well as information products.
To calculate the market size, the report considers countries like China, Japan, India, Rest of APAC (Australia, South Korea, Malaysia, and Indonesia) for revenue generation.
Earth observation is the collection of necessary information and data about Earth through remote sensing technologies like specially designed satellites. The data from these satellites are intended for use in various application sectors like environmental monitoring, agriculture, water resources, urban planning, rural development, forestry, ocean resources disaster management, meteorology, and map making.
Images of Earth gathered from artificial satellites placed in the orbit have become a powerful scientific tool to understand Earth and its environment. Satellite images now offer high-resolution, accuracy, and entirety.
To know more about the report, click here