Earth Observation

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.

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.

Comprehensive industry analysis & forecasts in the growing EO sector

A Sample of Our Consulting Expertise

  • • EO market assessment in support of an investment opportunity
  • • Assessment of EO applications in oil, gas, and mining
  • • Due diligence on a new EO operator
  • • Assessment of global space applications utilization
  • • Market and policy assessment of a new EO constellation
  • • Concept for a new hyperspectral satellite system
  • • Market potential for a hyperspectral satellite system
  • • Due diligence on a new EO operator
  • • International opportunities for satellite engineering services
  • • Support to specifications definition for a new EO satellite system