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‘Global satellite imagery sales to touch USD 4 billion’

France: Data sales are expected to rise at a compound annual growth rate (CAGR) of 12 percent over the decade, reaching nearly USD 4 billion by 2020. These numbers were presented by Adam Keith, Director, Earth Observation – Euroconsult during the 5th International Conference “Earth from Space…”.

According to Euroconsult EO commercial data sales reached USD 1.3 billion in 2010. Optical data represented 83 percent of overall sales, with the remaining 17 percent from SAR. The majority (60 percent) of data revenues in 2010 were from very high resolution optical systems to support a predominantly government defence customer base.

Assessing the short-term EO market development, Adam Keith stressed that governments are expected to constitute most of the demand base, thanks to ongoing defence requirements. This will be supported by further increased data demand from key private sector end users, in particular oil & gas and developing location-based-services solutions

The number of high-resolution imaging satellites in operation offering commercial data is expected to nearly double over 2010-2015. Nowadays over 40 countries are forecast to launch EO satellite capacity by 2020.

Source: ScanEx