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Earth Observation Industry Remains Buoyant Despite Challenging Economic Environment
Paris and Montreal – Despite ongoing budget cutbacks and measures of fiscal restraint, governments will continue to drive the Earth observation (EO) industry over the coming decade through new satellites and a growing demand for data. According to Euroconsult, the leading international research and consulting firm specialized in the satellite sector, the expansion in EO satellite missions impacts the entire value-chain, from manufacturing to data supply and services for an ever-growing number of end-users. Geographical expansion will also play a role in future growth as new government initiatives emerge and commercial data distribution networks proliferate across the globe.