There has been only a limited impact from COVID-19 on the satellite-based Earth Observation (EO) market, with the sale of EO data and derived products to reach $8.1 billion annually by 2029, according to a new report from research firm NSR. Revenues will be driven by government, military, and financial service-based customers, owing to strong demand and diversity needs. Constellations of satellites featuring optical, radar, and new non-imagery data types - such as radio frequency monitoring - are expected to dramatically increase the industry’s access to supply and encourage new business models.
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Satellite-Based Earth Observation Not Slowed…
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There has been only a limited impact from COVID-19 on the satellite-based Earth Observation (EO) market, with the sale of EO data and derived products to reach $8.1 billion annually by 2029, according to a new report from research firm NSR. Revenues will be driven by government, military, and financial service-based customers, owing to strong demand and diversity needs. Constellations of satellites featuring optical, radar, and new non-imagery data types - such as radio frequency monitoring - are expected to dramatically increase the industry’s access to supply and encourage new business models.