Paris, October 9, 2014
According to Euroconsult's newly published report, Satellite-Based Earth Observation: Market Prospects to 2023, 353 earth observation (EO) satellites are expected to be launched over the next decade compared to 162 over 2004-2013. The report claims that this will result in $36 billion in manufacturing revenues over the period, an 85% increase over the previous decade.
Organisations from 41 countries are expected to launch EO satellite capacity by 2023, compared to 33 over the previous decade. The report notes that supply from government continues to grow strongly as more countries expand their portfolios of EO satellites to meet various policy needs. In addition, newcomers are launching EO satellite capacity to develop a local industrial base, create the building blocks for a space program, obtain greater autonomy in data acquisition, and/or meet local demand for data and services. As a result, investment in EO and meteorology programs reached a high in 2013 at $8.7 billion, a 13% increase over 2012, the report states.
According to Euroconsult's newly published report, Satellite-Based Earth Observation: Market Prospects to 2023, 353 earth observation (EO) satellites are expected to be launched over the next decade compared to 162 over 2004-2013. The report claims that this will result in $36 billion in manufacturing revenues over the period, an 85% increase over the previous decade.Organisations from 41 countries are expected to launch EO satellite capacity by 2023, compared to 33 over the previous decade. The report notes that supply from government continues to grow strongly as more countries expand their portfolios of EO satellites to meet various policy needs. In addition, newcomers are launching EO satellite capacity to develop a local industrial base, create the building blocks for a space program, obtain greater autonomy in data acquisition, and/or meet local demand for data and services. As a result, investment in EO and meteorology programs reached a high in 2013 at $8.7 billion, a 13% increase over 2012, the report states.
Posts
