CAMBRIDGE, Mass., Oct. 24, 2017 (GLOBE NEWSWIRE) -- NSR’s Satellite-Based Earth Observation (EO), 9th Edition report, releasing tomorrow, projects that Data, Value-added Services, Information Products, and Big Data Analytics from satellite-based EO will represent a $52 billion opportunity over the next ten years. The market will grow rapidly both in the upstream supply of satellites and satellite constellations, and downstream through the development of products and applications turning imagery into insights. New to this report, NSR assesses the supply/demand dynamic between upcoming EO satellite constellations, emerging applications, and the growing trend of high-volume imagery sales, along with a segmentation of the global revenue opportunity by vertical, region, segment, and Instrument Resolution. The ability to monitor global assets and economies is gaining traction in the EO space from new players, and NSR forecasts this will drive the fastest-growing vertical in Big Data analytics to reach $374 million in revenue by 2026.
“Interest and investment in the EO market continues to grow all along the value chain. From satellites to Big Data analytics, new opportunities are presenting themselves, driven by technological advances and a demand for actionable intelligence,” said Dallas Kasaboski, Analyst and report author. “There are new opportunities from unlocking the value behind the pixel, to track assets, monitor and analyse changes in vegetation and infrastructure, done more frequently, and in an automated way.” Constellations are changing the EO business with higher imagery revisit and refresh along with technological improvements and innovations for the storage, processing, and delivery of data. New business models, focused on analytics, driven by large volumes of imagery, delivered as Data-, Software-, and Insights-as-a-Service are lowering the barriers to entry and expanding the opportunity in this space. At the same time, revenues generated via very high-resolution imagery continue to grow, driven by deep-pocketed customers seeking precision and quality above all else.
“The ‘traditional’ EO players are well-established, with Defense and Governments expected to remain the largest verticals by 2026, in part due to the premiums paid for very high resolution imagery,” Mr. Kasaboski added. “However, this is also from government & military growing interest in large volumes of imagery, and analytics with innovative business models such as imagery leasing, subscriptions, or large-volume delivery.”
NSR’s latest report examines this trend, forecasting and contrasting single vs. volume-based imagery costs and business models, an industry-first analysis.
About the Report
NSR’s Satellite-Based Earth Observation (EO), 9th Edition provides a detailed and thorough analysis of trends affecting the satellite-based EO market and includes a new segmentation of revenues by instrument resolution. The report examines the drivers, challenges, and revenue potential for satellite-based EO data, value-added services, information products, and Big Data analytics. It includes a step-by-step analysis of the industry’s environment, its competitive landscape, market context for each vertical, region, and instrument resolution. The report dives into the major players’ reach in these segments, and offers a comprehensive view of the entire value chain. This completely updated NSR report forecasts demand over the next 10 years, and presents revenues for seven verticals, five regional markets, and eight instrument resolutions along with a data price forecast. For additional information on this report, including a full table of contents, list of exhibits, and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
About NSR
NSR is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries. Contact us at info@nsr.com to discuss how we can assist your business.