Editoria e Media
New Applications, Expanding Markets Propel Earth Observation Geospatial Data Services Revenue to US$15 Billion
"At the same time, we're witnessing rapid innovation in EO solutions, including the integration of artificial intelligence (AI) to extract insights from scientific-grade imagery, the deployment of multi-sensor satellites to enhance capabilities, and advancements in data processing for faster, more efficient analysis. For downstream customers, this translates to higher-resolution imagery, more frequent updates due to increased revisit rates, and smoother, more streamlined operations."
The agriculture sector is projected to grow at a CAGR of 15.0% from 2024 to 2030, driven by expanding applications such as precision agriculture, crop health monitoring, and land use analysis. Meanwhile, the supply chain and transport sector is expected to see a higher CAGR of 16.7%, as EO technologies play a critical role in enabling real-time visibility, asset tracking, and infrastructure management, particularly in response to recent global supply chain disruptions. Leading EO companies such as Maxar, BlackSky, ICEYE, and Capella Space continue to invest heavily in scaling their satellite constellations and enhancing solution capabilities to meet rising demand.
While North America currently leads in EO industry investment and innovation, regions like Europe and Asia-Pacific are quickly accelerating their efforts.
"EO solution providers looking to scale their operations should explore opportunities in emerging markets and industries where demand is growing rapidly," said Kong. "These regions are ramping up investments in AI and developing critical infrastructure, including data centers and manufacturing facilities. This shift is driving growing demand for sovereign capabilities to strengthen resilience and enhance security.
"As applications and use cases continue to emerge and evolve, solution providers are expected to keep innovating their solutions. We'll also see more players entering the market, which will drive both supply and quality of EO data upward."
These findings are from ABI Research's Earth Observation Geospatial Data Revenue market data report, part of the company's Space Technologies and Innovation research service, which includes research, data, and ABI Insights.
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe , +65.6592.0290 in Asia-Pacific , or visit www.abiresearch.com.
:
Jason Scheer
Tel: +1.516.624.2558
pr@abiresearch.com
Logo - https://mma.prnewswire.com/media/2309035/ABI_Research_2024.jpg
View original content:https://www.prnewswire.co.uk/news-releases/new-applications-expanding-markets-propel-earth-observation-geospatial-data-services-revenue-to-us15-billion-302522931.html