In total, eight regional markets are considered individually, along with eight different vertical markets which EO solutions may address. Consolidated figures from this individual analysis provide the high-level data displaying past trends and upcoming demand for EO solutions.
New in this edition: We have introduced valuation and forecasting of the value-added services market, including historical (2006-2015) and forecast (2016-2025) data. The value-added services market reached $3.2 billion in 2015 and is growing at a faster rate than the data market alone (11% 5-year CAGR).
Key markets for value-adding services do not mirror those for commercial data sales. Defense, while representing 61% of the commercial data market, represents only 15% of the VAS market; conversely, infrastructure projects (such as cartography, cadaster, etc.) are only 10% of the commercial data market, but 33% of the value-added market. The reasoning for this is relatively straightforward; defense end-users purchase data with much value-added analytics performed in-house.
On the other hand, lower-cost, coarser resolution and geolocation accuracy data can be leveraged with value-adding to form higher value products and services. This approach is expected in emerging location-based applications – the focus of upcoming satellite constellations. While the data may be lower-cost, it will be able to build applications based on high frequency change detection with the focus on the product or service delivery over purely data sales.