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.
Downstream Information Products and Big Data Analytics to Drive EO Industry Growth Cambridge, MA – October 23, 2018 – NSR’s Satellite-Based Earth Observation (EO), 10th Edition report, released today, projects Earth Observation satellite data and services will represent a $54 billion cumulative opportunity over the next ten years, growing to $6.9 billion annually in 2027..