Earth-Observation Market Reports Released

by | Sep 22, 2015

An EARSC survey of the European Earth-observation market noted that growth rates have decreased in the last two years, compared to the previous eight, and this may be a sign of an industry slowing down.

An EARSC survey of the European Earth-observation market noted that growth rates have decreased in the last two years, compared to the previous eight, and this may be a sign of an industry slowing down.

A pair of Earth-observation industry market reports were published almost simultaneously in September 2015, and both were optimistic as to the current and future states of satellite-based remote sensing.

The European Association of Remote Sensing Companies (EARSC) released A Survey into the State and Health of the European EO Services Industry. According to the survey, there are 451 European companies active in the industry, up from 389 in 2012, and 193 in 2006. Total revenue was estimated at €910 million, up from €786 million in 2012, with a growth rate of about 7.6 percent.

According to the report: This is a critical time for the industry, with a great deal of change happening in and around the sector; new low-cost satellites are being launched by startup companies, and several significant acquisitions have occurred, suggesting that M&A activity may increase. Against this background, the European Union flagship programme Copernicus is committing over €7 billion investment into the sector, leading to new satellites, data sources and commercial relationships.Screenshot 2015-09-16 10.13.11

Concurrently, Euroconsult published the eighth edition of its broader report, Satellite-Based Earth Observation: Market Prospects to 2024, noting that more than 400 civil and commercial Earth-observation satellites are expected to be launched during the next decade, with an estimated revenue of $39 billion. In addition, more than 1,200 small satellites (less than 50 kilograms) are expected to be launched to develop cubesat constellations, adding to the overall data supply.

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