GeoEye’s View of the Size of the Satellite Data Business #GWF
GeoEye presented a market view of the size of the satellite data market at the Geospatial World Forum in Hyderabad, India. They said that the defense and intelligence business is obviously a mature market. In increasing growth GeoEye sees these markets: Oil, Insurance, Real Estate, Transportation, City planning, Environmental monitoring; And the market driver is consumer mapping both online mapping, and location-based services
GeoEye contracted with Boston Market Research which estimates that in 2009 the market for global satellite data was $1.1 Billion, mostly defense and intelligence;
In 2013, the market is pegged at $1.5-1.7 Billion with defense still a large driver
In 2013, the Asian market for satellite data is estimated at $120 million for commercial high resolution satellite data fueled by India and China but also Malaysia, Vietnam etc. where there is high infrastructure growth. But there are still challenges with regard to policy with these countries. With regard to the Indian market the government regulates and monitors both the:
- Ordering of high resolution satellite imagery by its citizens; an issuing of a certificate from government before ordering is required.
- Distribution of high resolution satellite imagery to its citizen.
The main reason is to protect the Indian satellite market and security.
