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.
The Canadian government will be the owner and operator for RCM (Radarsat Constellation Mission), and proudly highlighted it in a recent space strategy released for the Canadian Space Agency. But the business implications for MDA as well are important…
EO10 quoted in CSA’s ‘EXPLORATION IMAGINATION INNOVATION: A New Space Strategy for Canada’ – “As an illustration, the demand for EO data, science and imagery by Canadian firms and researchers within the space sector and beyond is increasing; a study by Northern Sky Research concluded that between 2017 and 2027, annual demand for EO data.
Recent advances in robotics, ML, and Artificial Intelligence (AI) are pushing the frontier of what machines are capable of doing to unlock the secrets of space data. The ability to leverage intelligence and data analytics is already having a large impact. According to NSR, big data analytics via satellite will generate close to $18.1 billion in.
NSR’s Satellite-Based Earth Observation, 10th Edition report forecasts the revenue opportunity from non-imagery data to grow to almost $255M by 2027, at a CAGR of 45.7%. Early investment from Public Authorities, Weather, and Energy customers is expected to drive the market, until supply and data pipelines are matured, when Services and Industrial verticals especially will show more.