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.
by Joe Francica on 01/19 at 10:52 PM |
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Who might be in the running to acquire or partner?
L-3 Communications Holdings Inc (LLL 83.39, -0.28, -0.34%) , Honeywell International Inc. (HON 42.32, +0.25, +0.59%) , Raytheon Co. (RTN 53.49, -0.21, -0.39%) , and even a Lockheed Martin Corporation (LMT) or Boeing (BA). Of course, there’s also Google Inc. (GOOG 483.18, +11.13, +2.36%) and its Google Maps,—but Google may be gun-shy of the national defense and reconnaissance aspect of the services provided.
- Marketwatch
by Adena Schutzberg on 05/24 at 08:37 AM |
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- Competing with DigitalGlobe on EnhancedView (NGA contract); likely both will get some of it
- Adding 50-60 more employees by end of year
- Moving to a new location, near the existing one
- GeoEye-2 expected to be operational in early 2013 and “see” things have the size of home plate on a baseball diamond
- Washington Post
by Adena Schutzberg on 05/03 at 05:40 AM |
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As the world turns its attention to Haiti and how to best help the country in this challenging time, we look at a split in the geospatial community around user generated content of the impacted region. Vector map data from OpenStreetMap and Google Map Maker are available for use in supporting rescue and recovery efforts as well as apps for those looking on from a distance. But there are two from which to choose. Does this make for the best possible response?
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by Adena Schutzberg on 01/19 at 01:00 AM |
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On Monday quite a bit happened in the satellite remote sensing arena:
The National Geospatial-Intelligence Agency (NGA) issued a statement of requirements to get industry input and guide its own strategic planning process for imagery needed in the future. While the document is classified analysts and executives suggest a request for proposals later this year which could mean a few billion dollars in revenues for DigitalGlobe Inc and/or GeoEye in the coming years.
DigitalGlobe announced second quarter net income of $8.4 million (19 cents a share) down from $11.6 million (26 cents a share) last year. The forecast for the full year is expected below Wall Street expectations. The second quarter included a $7.7 million pre-tax charge for DigitalGlobe paying off debt early and was the first the company reported as a public company.
GeoEye had a surprisingly good second quarter. Net income for the second quarter was $9.6 million (46 cents per fully diluted share) up from net loss of $558,000 (3 cents per fully diluted share) last year. GeoEye said it would not plan for GeoEye-2 until the government stated its needs and funding plans.
- Reuters
- DigitalGlobe PR
- GeoEye PR
by Adena Schutzberg on 08/11 at 07:42 AM |
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