AI (Artificial Intelligence) has become a reality, and it is looking to transform industries across various sectors. The satellite Industry is no exception as it encompasses a wide range of use cases, solutions, and competitors. Recently, Amazon announced Amazon Forecast that uses machine learning techniques to maximise satellite communication usage. NSR envisions more such solutions.
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.