Satellite Earth Observation Market to Generate US $1 Billion in Revenues in 2009

 Euroconsult released September 3rd its latest findings on the satellite-based Earth observation sector. According to its new report "Satellite-Based Earth Observation, Market Prospects to 2018" there will be over $1 billion in annual data sales in 2009 — a figure expected to nearly quadruple by 2018 — indicating the commercial Earth observation sector is establishing itself as a legitimate source of revenue growth for the global economy. Approximately 260 Earth observation and meteorology satellites will be launched in the next ten years, generating $27.4 billion in manufacturing revenues compared to only 128 satellites and $20.4 billion in revenues the previous decade.