PARIS \u2013 Defense and security applications provided almost half of the revenue generated by Earth-observation satellites in 2024, Novaspace principal Annekatrien Debien said at the Summit on Earth Observation Business.<\/p>\n
While commercial and civil demand for satellite data continues to expand, \u201cthe main catalyst remains rising geopolitical tension, which has revealed the strategic importance of space-based capabilities in securing national sovereignty and ensuring strategic autonomy,\u201d Debien said Sept. 18. \u201cAs a result, those missions are expected to dominate the market in terms of value,\u201d accounting for 54% of the total revenue from 2025 to 2034.<\/p>\n
Over the next decade, Novaspace anticipates rising demand for Earth-observation imagery with a resolution of 30 to 50 centimeters per pixel or even less, services that promise to frequently revisit sites of interest and speedy information delivery supported by edge computing.<\/p>\n
Another key trend Novaspace sees is data fusion. Increasingly, electro-optical imagery will be paired, for example, with synthetic aperture radar and hyperspectral data plus signals intelligence.<\/p>\n
Civil and commercial markets<\/p>\n
Commercial demand for Earth-observation data, a $6 billion market in 2024, is growing rapidly. The commercial market will nearly triple to $17 billion in the next decade to account for 12 percent of Earth-observation revenues, compared with 6 percent in 2024, according to Novaspace.<\/p>\n
Another interesting trend revealed in the Novaspace report was the importance of the largest Earth-observation satellites in producing revenue. High-end optical satellite systems like Maxar\u2019s WorldView Legion and Airbus Pl\u00e9iades Neo accounted for about 30 percent of the 2024 commercial market value.<\/p>\n
Overall, Novaspace notes a shift toward heavier, more capable small satellites to meet stringent performance demands. That\u2019s a change from the recent past when companies tended to focus on establishing and expanding cubesat constellations.<\/p>\n
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