A few days ago, SpaceX launched payloads into orbit for the 100th time. An impressive milestone, the latest launch deployed 60 Starlink satellites into the company’s communication network. From communications to Earth Observation, constellations certainly are a core strategy in the commercialization of LEO. On an almost daily basis, announcements are made regarding investment, deployment,.
This has been a very hard year for a lot of industries, include the satellite industry. From grounded flights and shored-up cruises, bankruptcies and layoffs, COVID-19 has strongly impacted the entire satellite industry. However, while most of the market is experiencing a downturn, consolidation, and restructuring thanks to the pandemic, Earth Observation has demonstrated strong resiliency. In fact, in some cases, the market is growing.
NSR’s has just published their Satellite-Based Earth Observation, 12th Edition (EO12) finds a limited impact from COVID-19 on the Earth Observation (EO) market, with the sale of EO data and derived products to reach $8.1 billion annually by 2029.
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.
Cloud services ranging from IaaS and edge computing to virtualization and SaaS applications are not new to the IT industry; they have been well-known for years and are traditional concepts in most sectors. Not so in the satellite sector though, where a surge in the adoption of cloud-based technologies is underway.