The majority of the Earth observation satellite carries passive sensors such as accelerometer, hyperspectral radiometer, imaging radiometer, sounder, spectrometer, and spectroradiometer, which measures the reflected or emitted solar radiation or thermal energy from Earth’s surface or through the atmosphere. Moreover, the newer satellites which were launched in recent years are fully equipped with active sensors such as laser altimeter, lidar, radar, ranging instrument, and scatterometer, which emit energy and record the reflected feedback from which information on Earth can be inferred. The feature of the sensor varies according to the purpose of the mission which it is designed to serve.
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With more than 70 years in Earth observation satellite development, satellites launched recently have shown the capabilities of data processing, storing, measuring, and monitoring Earth’s terrestrial, marine, and climatic environment. Today, Earth observation satellites have shown major adoption from government agencies and other such critical institutions, wherein data was closely monitored. However, due to continuous technological advancement in the space industry and the growing demand for satellite-based services, commercial operators and service providers have recognized the huge potential in data and images provided by Earth observation satellites. This has led to new business models wherein government agencies and commercial operators work together on operation missions of national importance such as weather prediction, border surveillance, natural resources survey, and so on.
Government space agencies, commercial players, educational institutions, and research and development centers are more focused on developing advanced Earth observation satellites. For instance, in April 2021, Planet Labs, in collaboration with NASA Jet Propulsion Laboratory have been planning to build hyperspectral constellation satellites to track and quantify various sources of carbon dioxide and methane. Similarly, in March 2020, Nano Avionics won a contract from Sen for the development of five Earth observation nanosatellites to capture high-resolution images from space.
Furthermore, Maxar Technologies won a five-year contract from National Geospatial Agency (NGA) to provide software development, engineering, and geospatial tradecraft for the support of the web-based platform NOME. Apart from the private players, government space agencies such as the National Aeronautical and Space Administration (NASA), European space agency (ESA), Japan Aerospace Exploration Agency (JAXA) are also developing Earth observation satellites in order to support the defense sector and forecast weather. For instance, in December 2021, the National Aeronautics and Space Administration (NASA) announced to launch of four satellites for providing imagery solutions such as mineral dust, weather conditions, oceans, and surface water by 2022.
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The Earth observation data and service market has been witnessing a high growth rate owing to significant demand for applications such as disaster management, agriculture, cartography, and natural resources survey. However, the data can also be used for other applications like retail, e-commerce, insurance, financial service, media, and entertainment, among others. The market is gaining popularity in countries such as the U.S., Canada, the U.K., Russia, Germany, France, Middle East and Africa, and Latin America.
The global nanosatellite and microsatellite market size is expected to reach USD 4.95 billion by 2025, expanding at a CAGR of 22.2% over the forecast period, according to a new report by Radiant Insights, Inc. Upsurge in earth observation missions, along with development of Small Satellite Launch Vehicles (SSLV), is expected to propel market growth.
The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, along with creating market opportunities for satellite communication (satcom) industry stakeholders.
At the same time, latest technologies, such as new solar panel cell technology and star tracker technology, are also allowing small satellites to strengthen their position in the broader satellite industry.
Download Free Sample Report @ https://www.radiantinsights.com/research/nanosatellite-and-microsatellite-market/request-sample The growth of the communications sector, coupled with the continued adoption of Internet of Things (IoT), is expected to open opportunities in the global market.
The continued adoption of IoT will particularly encourage start-ups to launch their small satellites.
For instance, the UK Space Agency’s Space for Smarter Government Program (SSGP) allows departments to share expertise, data, and services related to nanosatellites and microsatellites as well as information obtained from these satellites.
Josef Aschbacher is the ESA Director of Earth Observation Programmes and Head of ESRIN, ESA’s centre for Earth Observation, located in Frascati, Italy
New York, NY 19 Feb 2021: The global Satellite propulsion system market is anticipated to reach over USD 29.9 billion by 2026 according to a new research published by Polaris Market Research.
In 2017, the chemical propulsion segment dominated the global market, in terms of revenue.
The growing adoption of small satellites for commercial applications owing to its low cost and light weight supports the Satellite Propulsion System Market growth.
Growing use of satellites in defense sector would boost the growth of this market.
Technological advancement in terms of miniaturization of components, and associated software has encouraged established organizations, and small and medium enterprises to invest in small satellites, thereby supporting market growth.
The increasing deployment of satellites in commercial applications such as remote sensing, earth observation, and technology development, and rising deployment of cubesats fuels the growth of the Satellite Propulsion System Market.
The remote sensing technology is used for military and police as it can identify, measure or analyse objects without coming into direct contact with them.
Market Research Future (MRFR) has published a research report that anticipates major hike for the global remote sensing technology market with 10% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
It also tracks the competitive developments such as joint ventures, mergers, and acquisitions, new product developments, new product developments (R & D) in the market.
Advantages of active sensors that are driving its market include the ability to obtain measurements 24/7 (irrespective of the season).
Passive sensors measure reflected sunlight emitted from the sun.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2918The regional segmentation of the global remote sensing technology market segments the market into the regional markets namely North America, Europe, Asia Pacific and rest of the world (RoW).
Other countries with high military expenditure in this region are Japan and South Korea.Check Discount @ https://www.marketresearchfuture.com/check-discount/2918Due to technological advancement, and powerful armies, Europe is also a huge market for remote sensing technology, with Russia being the highest spender on the military.
