Commercial Space Products and Services
The commercial remote sensing industry was estimated at $3.35 billion in 2017, up from $3.09 billion in 2016.
The commercial remote sensing industry was estimated at $## billion in 2016, up ##% from $## billion in 2015. Market research firm Northern Sky Research expects the sector to generate an aggregate $## billion over the decade leading up to 2025. Much of this growth…
The commercial remote sensing industry was estimated at $2.47 billion in 2015. Market research firm Northern Sky Research expects this to grow to $4.5 billion by 2024. Much of this growth will be driven by the information products segment of the industry, which is taking advantage of higher resolution imagery and big data analytics products.
Earth observation (EO), remote sensing (RS), and satellite imagery services constituted ## of the nearly ## satellites successfully launched and deployed during 2014. The most recent estimate provided by consulting firm Northern Sky Research (NSR) showed EO service revenues climbing to an estimated $## billion in 2013. Overall growth has slowed, dropping below the CAGR achieved by the EO market from 2007 to 2012. The largest revenue growth occurred in defense and intelligence, but services—including insurance, tourism, and news media applications—grew at the fastest rate. In late 2014, NSR predicted the satellite EO market would grow to $## billion by 2023.
Earth observation (EO) and imaging services enabled by satellites remain a small but vital part of the global space economy. Earth observation revenues in 2013 are estimated to total $## billion, #% more than the $## billion generated in 2012. According to the space industry consultancy Northern Sky Research, growth in 2013 slowed, dropping below the compound annual growth rate (CAGR) of ##% achieved by the EO market from 2007 to 2012.
Collectively, land-imaging satellites—which are also known as Earth observation or remote sensing satellites—are systems used to observe, monitor, and track changes and developments on the Earth’s surface using a variety of optical or electronic imaging capabilities. Earth observation satellites may be distinguished from each other on the basis of spatial resolution—the level of detail their images are capable of recording. Another distinction is the sensor type, such as optical cameras, synthetic aperture radar (SAR), or various types of infrared and electronic imaging.
Earth observation and imaging services enabled by satellite remain a small but vital part of the global space economy. Earth observation revenues in 2012 were estimated to total $## billion, #% more than the $## billion generated in 2011. The largest revenue growth occurred in the defense and intelligence, and energy and natural resources sectors.