Commercial Remote Sensing Market Analysis
The rapid growth in commercial space startup activity, commonly referred to as Space 3.0, led to numerous claims about the potential size and growth trajectory of the satellite remote sensing market. Many of the optimistic market projections were largely based on the assumption that both startups and incumbents could derive unique and valuable insights from low-cost, frequently collected remote sensing data using emerging, advanced analytics techniques such as artificial intelligence specifically computer vision. Over the past several years, venture capitalists have invested in a diverse array of space startups ranging from rockets to payloads to data analytics companies. As the Space 3.0 startup market matured, we wanted to explore whether those market projections held true given the market developments over the last few years. Thus, CosmiQ conducted a comprehensive analysis of the commercial space remote sensing market to quantify market trends as well as analyze and project investment trends.