Investment in the Earth Observation (EO) and related downstream analytics markets has massively increased in recent years, with 2021 more than doubling due to a number of satellite operators that announced plans to go public via SPAC routes. The commercial EO market is becoming increasingly competitive, with an ever-growing diversity in business models that offer.
In the business of satellite-based remote sensing, the market for optical imagery is relatively well established, with a robust ecosystem of data/service providers and customer channels. While optical imaging leads in terms of market size, commercial Synthetic Aperture Radar (SAR) imagery is not far behind, having come into its own in recent years. The ethos of commercialization that is characteristic of the new space movement has made significant inroads in these.
NSR’s Satellite-Based Earth Observation, 13th Edition (EO13) report, which finds multiple trends converging to achieve a longstanding industry goal, an open EO market. Driven by Gov/Mil customers and a rapidly growing commercial demand, derived EO data products present a $73 Billion opportunity, as new business models push ground segment evolution boosting revenues.
New Space Operators, Downlink Service Markets, and Financial Sector Drive 10% Annual Growth in Next Decade Cambridge, MA – October 4, 2021– NSR’s Satellite-Based Earth Observation, 13th Edition (EO13), report launched today, finds multiple trends converging to achieve a longstanding industry goal, an open EO market. Driven by Gov/Mil customers and rapidly growing commercial demand, derived.