Street Insider: Earth Observation Market to Generate $73 Billion by 2030 via Convergence of Trends

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.

Earth Observation Market to Generate $73 Billion by 2030 via Convergence of Trends

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.

EO: The Netflix Model

Satellites, given their constant surveillance and coverage capabilities, are a natural fit for Earth Observation. A single satellite, with the right resolution and altitude, could take a snapshot of the country, and the right expertise and tools would allow you to assess the extent or the snowfall, especially when compared with historical imagery.

Non-Imagery Keeping Pace in EO

In the business of Earth Observation, positioning is just as key. While the industry is well-established, with imagery setting the pace and breaking away as the front-runner, a non-imagery market is emerging.