In the article “Space companies use Earth-imaging satellites to combat climate change”, “The market eagerly awaits larger volumes of data and more services,” NSR said. “New technology, such as artificial intelligence and machine learning, will make Earth observation service even better and more accurate.”
NSR’s Satellite-Based Earth Observation, 12th Edition (EO12), released today, finds a limited impact from COVID-19 on the EO market, with the sale of EO data and derived products to reach $8.1 billion annually by 2029. Revenues will be driven by government, military, and financial service-based customers, owing to strong demand and diversity need.
In regards to adaptable satellites, “whether hardware updates for satellites materialize, speedy, frequent software updates are a goal for the industry.. “All manufacturers are going that way now, toward more versatile, software-designed satellites — Airbus, Lockheed Martin, many others,”
VentureBeat- Hypergiant: Companies that don’t have top-down support for AI initiatives will ‘fail miserably’
The question is, [are you willing to] to invest 12 months of building [ an AI ] system? Sending satellites into space, gathering data from Earth, and applying machine learning to turn the resulting data into actionable intelligence isn’t as outlandish as it sounds. In fact, it’s a business that’s booming, driven by increased demand.