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.
We’re looking for a Business Development Manager who’s ready to play a pivotal role in shaping our growth story.
You’ll be the driving force behind new client relationships, opening up industries that have yet to realise the potential of satellite data, and turning opportunity into long-term success.
Should you build a geospatial analytics team in-house or outsource to specialized providers while maintaining strong GIS systems and data management in-house?
As critical infrastructure evolves under the pressure of aging assets, regulatory demands, and environmental risks, geospatial analytics is no longer a “nice-to-have” – it’s a strategic necessity.
Throughout years, infrastructure monitoring has progressed from manual field inspections to advanced remote sensing using satellites, drones, LIDAR, and AI-powered analytics.
Each technology brings distinct advantages and limitations, making the choice complex.
This comparison sheet offers an overview of technologies to help identify the best-fit solutions for linear infrastructure owners and operators.
Welcome to your monthly roundup of the latest updates from the Spottitt Metrics Factory platform. As always, we’re working to make your asset risk analytics experience more insightful, flexible and faster.
Future Climate Data Models Now Integrated
Understanding how climate change affects infrastructure is no longer limited to the past or current. Spottitt MF now integrates future climate scenario models, based on global models developed by the Intergovernmental Panel on Climate Change (IPCC).
Welcome to Spottitt “Let’s Talk Satellite EO Data” eBook – your ultimate guide to understanding satellite-derived data types, their applications in asset monitoring, of the different types of data providers, and practical tips for navigating the challenges of using remote sensing data.
This resource is designed to help you make well-informed decisions about the use and integration of EO data, ultimately to ensure the safety and performance of your critical infrastructure.
At Spottitt, we’re constantly working to enhance your experience with our analytics platform, by making data visualization and reporting more intuitive, flexible, and insightful. This month, we’re introducing several updates which give you even more control and customization.
🌍 Your Free Climate Data Now Displayed as a Gradient Layer in a Map Format
Just like our other data layers, your free climate data can now be viewed on the map in a compact gradient color format. While generating a report on how each climate parameter impacts your assets is the best way to match this data to your assets and can be nice to view these data layers – helping you assess environmental exposure at a glance.
