A New Report from EUSPA Outlines the Key Trends in Earth Observation Industry for Infrastructure

The Earth Observation industry is healthy and growing Worldwide.

As the new EUSPA* report shows, in 2021, the global turnover across EO data and value-added services amounts to €2.8 bn. Over half of these global revenues (i.e. 55%) are generated by the top five segments, namely Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, and Infrastructure. By 2031, revenues of the global EO data and value-added services market will approach €5.5 bn.

Source: EUSPA*

The EO value-added services market is considerably larger and accumulated globally a total of €2.2 bn in 2021 within the same scope of market segments. From 2021, the EO value-added services market will see a CAGR of 6.8%, resulting in €4.7 bn total revenues by 2031. 

Together US and European companies hold over 83% of the global market, each accountable for over 40%. The remaining market is distributed around the rest of the world. Chinese companies accounts for 6% of the market, while Canada and Japan generate respectively 4% and 3% of global revenue.

As to what concerns the infrastructure sector, the report outlines that EO supports the various stages of the infrastructure life cycle, from site selection to post-construction infrastructure health monitoring. Thanks to its capacity to deliver information on risk exposure and future impacts of climate change, EO should increasingly contribute to the design of more resilient and sustainable infrastructures.

Climate neutrality has become a  major global goal. In this regard, Europe aspires to become the  first continent to reach climate neutrality by 2050. Achieving this will require a  wide range of  actions that reduce the environmental footprint of infrastructure and strengthen its climate resilience. Thanks to its capacity to provide historical data on risk exposure and projections on the future impacts of climate change, EO supports site selection as well as the design of  more resilient infrastructure. Satellite-based imagery also supports the  monitoring of  construction operations and the  long-term monitoring of  infrastructure health and environmental impact.

In particular, a third of all the revenues generated by the Earth Observation industry for the infrastructure segment, come from the site selection and planning phase. Another third, come from monitoring infrastructure and the risks coming from the surrounding nature, environment and human activities. Finally, 17% of all EO activities for infrastructure is generated for assessing the environmental impact of infrastructure on the territory.

A survey made by EARSC in 2021**, shows that the main barriers to the adoption of EO are related to the low level of knowledge and awareness of the customers, as well as to the difficulty to use Earth Observation data to solve business challenges alone, or in combination with other data.

Source: EASRC**

In order to achieve their mission to bring satellite data to the mass market, Spottitt is playing a major role in removing these barriers, by turning complex satellite images into actionable and understandable insights. This year, we are working hard to increase the number of automated, valuable satellite-generated KPIs that our users will be able to integrate and combine with other critical data, in order to get a fully digital, comprehensive solution to monitor utility networks and infrastructure assets.

Our latest news:

(Relatively) Good news for Egyptian power transmission systems

Geo-spatial insights from the Spottitt MF Demo of Climate Conditions Monitoring, devoted to the ongoing COP27 climate conference in Sharm-El-Sheikh.

Key takeaways:

In the last 5 years, the Egyptian power grid experienced fewer high wind incidents compared to the previous 5 years, yet they impacted a larger portion of the network…

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Spottitt is excited to announce its involvement in the delivery of one of only 18 projects selected to receive just under 400k GBP Alpha Phase SIF (Strategic Innovation Fund) funding. The funding is awarded by Ofgem and Innovate UK and aims to find and fund ambitious, innovative projects with the potential to accelerate the transition to net zero. These projects aim to help shape the future of the gas and electricity networks across the UK and beyond.

Spottitt opens the doors to new investors

Following a year of rapid growth inline with the founding team’s targets and ambitions to disrupt the geospatial industry with a flexible analytics solution that meets the needs of any business user in different industries, Spottitt is seeking new equity investors to raise $2M, part of which already committed by current shareholders and managers.

Is your utility infrastructure climate resilient?

Extreme weather events have a tremendous humanitarian and economic impact on local communities and damage our critical infrastructure. They affect the safety of pipelines, disrupt transportation and distribution systems, cause power outages, impact clean water delivery and waste water handling.

Spottitt MF free beta program winners announcement!

Spottitt is happy to announce two winners of free Proof of Concepts (PoC). With the Spottitt MF beta program, Spottitt gave the chance to two utility network operators to get a free high-resolution analysis of 100 km of assets.

Are you aware of how climate change affects your critical assets?