NSR Press Releases

Service-Oriented Business Models Unlock $92 Billion Opportunity in Earth Observation

Shifting to Downstream Use Cases Yields $12Billion + in Annual Revenues by 2031

Cambridge, MA- September 13, 2002– NSR’s newly released Satellite-Based Earth Observation, 14th Edition (EO14) finds the downstream shift across Customer Verticals, Government/Military (Gov/Mil) demand, and a fast-evolving Ground Segment all driving a $92 Billion cumulative market opportunity through decade. Positioned to generate $12Billion + in annual revenues by 2031, the global satellite-based Earth Observation (EO) market is growing at a 9.4% CAGR.

Defense & Intelligence, along with Public Authorities, currently lead demand for EO data. Technology adoption in space and on the ground push the market toward newer capabilities, such as virtualized ground systems and persistent monitoring at high spatiotemporal resolutions. Opportunity potential progresses rapidly in the mid to long-term as the impact of market movement is felt.

“While short term, the Gov/Mil sector sees significant revenues; the industry continues to shift downstream, fueled by a parallel move towards newer service-oriented business models, “states report co-author Shivaprakash Muruganandham. “Downstream is where opportunity lies, regardless of the type of EO data being used – while optical leads, SAR is not far behind.”

“Amongst the newer data types, the non-imagery segment is an emerging market of note, mainly driven by Gov/Mil segment and niche use cases,” adds report co-author Prachi Kawade. “Investment in this sector is expected to grow rapidly during the year, however, how actual demand for this bourgeoning market materializes remains to be seen.”

Quality, coverage, delivery modes, and price persist as the principal vectors of demand in this market, and opportunity within each vertical and region, a result of unique customer requirements defined along these lines. For organizations aiming to break into, or expand, into the EO markets, sales pipelines, partnership and funding ecosystems and established technological competencies will be key.

About the Report

NSR’s Satellite-Based Earth Observation, 14th Edition (EO14) continues to offer the industry’s most comprehensive analysis of the diverse Earth Observation market. Covering the entire value chain, from imagery and data, through value-added processing, geo-intelligence, and big data all the way to ground systems and data downlink, EO14 offers readers the detailed, unbiased insights key to identifying, capturing, and growing market opportunity. EO14 assesses trends and developments for every commercially available resolution, vertical, region, and data type of the upstream and downstream satellite-based EO market, keeping readers ahead of the curve.

For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.

Companies and Organizations Mentioned in NSR’s EO14:

Airbus DS, Antrix, Arlula, Astro Digital, AxelSpace, BlackSky Global, Bluefield Technologies, Canon, Capella Space, DMCii, EarthDaily Analytics, Earth-I, e-GEOs, EOS Data Analytics, ESA, ESRI UK, GeoOptics, GHGSat, Hawkeye 360, Hera Systems, HySpecIQ, Iceye, Imagesat International, KACST, Kleos Space, Maxar, MethaneSAT, NRO, Orbital Insight, Orbital Micro Systems, Pixxel, Planet, PlanetiQ, PredaSAR, RS Metrics, Satellogic, SatRec Initiative, SatSure, Spire Global, ST Engineering Geo-Insights, SkyWatch, Synspective, Telespazio, Tomorrow, Trident Space, Umbra, Unseen Labs, UP42, Ursa Space, XpressSAR, and Zhuhai Orbital Aerospace.

About NSR (www.NSR.com)

Northern Sky Research (NSR) is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.

NSR primary areas of expertise include satellite and wireless networks, emerging technology, and media applications. Our services and clients cover the entire globe. With extensive expertise in all geographic regions, NSR is a leading provider of in-depth market insight and analyses. Since each NSR product is based on future perspectives, our analyses allow our clients to stay a step ahead of the competition and plan for future opportunities in all markets.

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