Euroconsult released a report regarding the size and prospects for the satellite-based Earth observation market. The company’s report indicate that there will be over $1 Billion in annual data sales in 2009, and that the figure will nearly quadruple by 2018. The report also indicates that 260 Earth observation and meteorology satellites will be launched in the next ten years, generating $27.4 Billion in manufacturing revenues.
“The satellite-based Earth observation sector is undergoing a transformation; commercial data sales are projected to grow on average by 16% per year, reaching $3.9 billion by 2018,” said Pacôme Revillon, CEO of Euroconsult. “This reflects the development of a true commercial business, an increasing number of government programs, and growth in investment from established government programs. Growth in commercial data sales will create revenue opportunities for manufacturers, commercial operators, service providers, and government agencies alike.”
The report titled, Satellite-Based Earth Observation: Market Prospects to 2018, can be found here.