Subscribe to our free daily newsletters
. 24/7 Space News .




Subscribe to our free daily newsletters



EARTH OBSERVATION
Earth Observation market worth $8-15B by 2026
by Staff Writers
Paris (SPX) Oct 27, 2017


"DigitalGlobe, for example, is aiming to add a lower-cost satellite constellation (Legion) to its portfolio to counter the probable impact of low-priced solutions entering the market. Airbus will also develop its own very high resolution (VHR) optical system, given that the next generation French defense system will not be commercialized."

According to the 10th edition of Euroconsult's report, Satellite-Based Earth Observation, Market Prospects to 2026, the Earth Observation (EO) data and services market should reach $8.5 billion by 2026 based on current growth trajectories. An alternative value-added services (VAS) model also presented has a combined market potential of $15 billion.

This upside model considers the implications of new supply solutions being able to open further markets. As well, advances in artificial intelligence and deep learning are expected to benefit the sector, acting as enablers for new solutions based on change-detection analytics.

The growth drivers for data and services are distinctly different. Defense still dominates the market for commercial data, with the sector alone responsible for over $1 billion in data sales with a focus on very high resolution and high accuracy data sets. Data prices to support defense applications are expected to remain high, a drawback for services development in the civil government and private sector.

VAS' largest markets remain infrastructure and natural resources monitoring, however in order to build these solutions often lower-cost or free data solutions are utilized. This creates a disparity in the value-chain in which high-cost, precision data sets make up most of the defense-driven commercial data market, whereas more services are being built from less expensive, more competitively-priced solutions.

"Companies (both operators and new service providers, such as Orbital Insights, AllSource Analysis, etc.) are building algorithms to detect changes in multisourced data to detect patterns and build predictive analytics," said Pacome Revillon, CEO of Euroconsult. "Bringing higher-frequency collected data into these models, the so-called 'Big Data' environment will further aid developments, with the potential to open new services areas based around location-based systems such as financial intelligence and site monitoring, among others."

Euroconsult has identified approximately 20 companies that have announced intentions to develop lower-cost constellations to collect data at a high rate of revisit based on smallsat and cubesat technologies. As of 2017, these new operators have attracted more than $600 million in venture capital to fund their initiatives. None of the newly announced initiatives have yet reached full capacity; for these constellations to come to fruition, additional investments will be required.

Competition is expected to be fierce on the supply side, as companies must differentiate themselves in the marketplace and bring innovative solutions to maintain market share. Consolidation (such as MDA and DigitalGlobe, OmniEarth and EagleView, Terra Bella and Planet) could linger as companies refine business models and continue to seek investments.

DigitalGlobe, for example, is aiming to add a lower-cost satellite constellation (Legion) to its portfolio to counter the probable impact of low-priced solutions entering the market. Airbus will also develop its own very high resolution (VHR) optical system, given that the next generation French defense system will not be commercialized.

From 2007 to 2016, 181 EO/non-meteorology satellites were launched; the cost to develop these satellites generated $17.4 billion in manufacturing market revenues. Over the next decade more than 600 EO satellites (50kg+, non-meteorology) should be launched to support EO applications. Nearly fifty countries are expected to launch satellite capacity, and over half should be from the private sector; this is expected to generate over $33 billion in manufacturing market revenues.

Cumulatively, developing programs could represent $4 billion in market value (12% of the total). This figure remains significant, as the majority of export opportunities are to be found with emerging programs, as opposed to more established government EO programs, which remain captive.

Research Report: Satellite-Based Earth Observation, Market Prospects to 2026

EARTH OBSERVATION
Google Earth helps researchers identify 400 ancient stone gates in Saudi Arabia
Washington (UPI) Oct 23, 2017
With the help of Google Earth, a single researcher from the University of Western Australia has identified 400 previously undocumented stone "gates" in Saudi Arabia. "I refer to them as gates because when you view them from above they look like a simple field gate lying flat, two upright posts on the sides, connected by one or more long bars," David Kennedy, a professor of classics and ... read more

Related Links
Euroconsult
Earth Observation News - Suppiliers, Technology and Application


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

EARTH OBSERVATION
Plants and psychological well-being in space

Spacewalkers fix robotic arm in time to grab next cargo ship

NASA develops and tests new housing for in-orbit science payloads

Russia's space agency says glitch in manned Soyuz landing

EARTH OBSERVATION
Thruster for Mars mission breaks records

It's a success! Blue Origin conducts first hot-fire test of BE-4 engine

NASA awards launch contracts for Landsat 9 and Sentinel-6A

ESA role in Europe's first all-electric telecom satellite

EARTH OBSERVATION
Mars Rover Mission Progresses Toward Resumed Drilling

Solar eruptions could electrify Martian moons

MAVEN finds Mars has a twisted tail

Mine craft for Mars

EARTH OBSERVATION
Space will see Communist loyalty: Chinese astronaut

China launches three satellites

Mars probe to carry 13 types of payload on 2020 mission

UN official commends China's role in space cooperation

EARTH OBSERVATION
Myanmar to launch own satellite system-2 in 2019: vice president

Eutelsat's Airbus-built full electric EUTELSAT 172B satellite reaches geostationary orbit

Turkey, Russia to Enhance Cooperation in the Field of Space Technologies

SpaceX launches 10 satellites for Iridium mobile network

EARTH OBSERVATION
High field magnet at BER II offers Insights into a hidden order

Solid or liquid? Researcher proposes a new definition of glass

Dutch open 'world's first 3D-printed bridge'

Using space to study ultra-cold materials

EARTH OBSERVATION
Comet mission reveals 'missing link' in our understanding of planet formation

New NASA study improves search for habitable worlds

From Comets Come Planets

A star that devoured its own planets

EARTH OBSERVATION
Haumea, the most peculiar of Pluto companions, has a ring around it

Ring around a dwarf planet detected

Helicopter test for Jupiter icy moons radar

Solving the Mystery of Pluto's Giant Blades of Ice




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement