Satellite-Based Earth Observation Report Released by NSR

The newly released Satellite-Based Earth Observation, 14th Edition (EO14) from Northern Sky Research finds the downstream shift across Customer Verticals, Government/Military (Gov/Mil) demand, and a fast-evolving Ground Segment all driving a $92 Billion cumulative market opportunity through the decade. Positioned to generate $12Billion + in annual revenues by 2031, the global satellite-based Earth Observation (EO) market is growing at a 9.4% CAGR.

“Downstream is where opportunity lies, regardless of the type of EO data being used – while optical leads, SAR is not far behind.”

Report co-author Shivaprakash Muruganandham.

Defense & Intelligence, along with Public Authorities, currently lead demand for EO data. Technology adoption in space and on the ground are pushing the market toward newer capabilities, such as virtualized ground systems and persistent monitoring at high spatiotemporal resolutions. Opportunity potential progresses rapidly in the mid to long-term as the impact of market movement is felt.

Satellite-Based Earth Observation Market Shifting Downstream

“While short term, the Gov/Mil sector sees significant revenues; the industry continues to shift downstream, fueled by a parallel move towards newer service-oriented business models," said report co-author Shivaprakash Muruganandham. “Downstream is where opportunity lies, regardless of the type of EO data being used – while optical leads, SAR is not far behind.”

“Amongst the newer data types, the non-imagery segment is an emerging market of note, mainly driven by Gov/Mil segment and niche use cases,” adds report co-author Prachi Kawade. “Investment in this sector is expected to grow rapidly during the year, however, how actual demand for this burgeoning market materializes remains to be seen.”

Quality, coverage, delivery modes, and price persist as the principal vectors of demand in the satellite-based earth observation market, and opportunity within each vertical and region, a result of unique customer requirements defined along these lines. For organizations aiming to break into, or expand, into the EO markets, sales pipelines, partnership and funding ecosystems and established technological competencies will be key.

Northern Sky Research (NSR) is the leading global market research and consulting firm focused on the satellite and space sectors. NSR primary areas of expertise include satellite and wireless networks, emerging technology, and media applications.

(Source: Northern Sky Research news release. Images provided and from file)