eoPortal News: Did you know?
Satellite-based Earth observation growth to be driven by commercial vertical markets
01 October 2013
NSR's Global Satellite-Based Earth Observation (EO), 5th Edition report, projects satellite-based EO revenues from Data, Processing and Information Products will reach $6 billion in the coming ten years, up from $2.2 billion in 2012.
Facing a difficult public sector budgetary climate, the EO industry is now shifting its roots from Government & Military customers to blooming Commercial verticals, with the latter representing more than 50% of the market in 2022. New Data products, new solutions, new business models and renewed pressures to lower shutter control regulations point towards strong creative innovation developing in the EO market.
"The EO market is really at a turning-point, as several factors are now boosting demand from commercial end-users, while at the same time demand from traditional governmental end-users is seriously slowing down," states NSR Senior Analyst and report author, Stephane Gounari. "Beyond data sales, as commercial verticals are more open to externalisation, the next decade should see the relative share of data decrease in favour of Information Products."
"As shown by the new Cloud-based EO solutions recently released, certain satellite operators are positioning themselves to best take advantage of this shift," stated Gounari. "Their solutions, best for the small commercial end-users, go far beyond on-line archived catalogue and delivery services; they include or facilitate Processing and Information Products."
Source: Northern Sky Research (NSR)