Public Contracts and Higher Resolution Imagery Spur Earth Observation Market

New NSR Report Forecasts EO Market to Grow to $10.5 Billion over Next Decade

Cambridge, Mass., October 6, 2011--NSR’s Global Satellite-Based Earth Observation, 3rd Edition, released today, indicates that last year the global Earth Observation (EO) market grew by 9% and is set to grow to $10.5 billion by 2020.  “Despite uncertainty created by the current budget crisis and financial debt of many countries, and the fact that a privately-funded EO operator recently went bankrupt, EO satellite operators have been growing their revenues lately,” said Claude Rousseau, Senior Analyst for NSR and report author.