EO Satellite Explosion Predicted

Around 353 Earth observation (EO) satellites are expected to be launched over the next decade compared to 162 in 2004-2013, according to Euroconsult. This will result in $36 billion in manufacturing revenue globally, an 85% increase over the previous decade, the consultant company says. In 2023 the commercial EO data market is expected to reach $3.6 billion (for an 8% compound annual growth rate over 2014-2023). Asia, Latin America and Africa are expected to grow at more than 10% CAGR each.

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from Aviation Week – Aerospace Defense, Business & Commercial News http://ift.tt/1yRp3ZS
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