NSR’s Satellite-Based Earth Observation (EO), 11th Edition report, released today, projects Earth Observation satellite data and services represent a $56B cumulative revenue opportunity over the next ten years, growing to $7.2B annually in 2028.
NSR’s Satellite Manufacturing and Launch Services, 9th Edition report finds despite a few slow years, 1,155 satellites over 500 kg are expected to be ordered, with 1,285 to be launched, in the next decade.
We won’t lie – 2018 was a hard year for satellite players with an interest in the Energy Markets. Commodity pricing for energy products was weak or unstable, global economic activity shrank, and energy customers had their own financial challenges. So – in the face of ongoing macro-economic challenges, why does NSR continue to be so optimistic around a 2020 turnaround?