Earth Observation Remains a Satellite Industry Growth Driver

by | Sep 17, 2019

NSR's Satellite-Based Earth Observation (EO), 11th Edition report projects Earth Observation satellite data and services represent a $56 billion cumulative revenue opportunity over the next 10 years, growing to $7.2 billion annually in 2028. The demand for more data and insights will be driven by upcoming constellations, high-volume data pipelines, and subscriptions for insight services.

As the industry continues to shift from imagery to insights, NSR's report shows a greater opportunity for downstream Information Products and Big Data analytics services, once issues of supply, distribution, and customer channels are overcome. In the near-term, data and imagery retain their value, even as volume-based platforms and subscriptions grow more prominent. Furthermore, NSR's analysis of the commercial opportunity for non-imagery data indicates these applications show promising growth potential.

 

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