Urthecast Corp LFDEF

Technology Software - Application

UrtheCast Corp is a Vancouver-based technology company that serves the geospatial and geo-analytics markets with a variety of products and services. The company operates earth observation (EO) sensors in space, including two satellites, Deimos-1 and Deimos-2, to produce imagery data that is displayed on UrtheCast's cloud-based web platform and distributed directly to partners and customers. The company's primary source of revenue is from earth observation imagery and engineering. Geographically the company offers its services to Europe, Russia, Middle East, Africa, South Asia, and the Americas. Its only operating segment being the provision of the Earth observation imagery, geo-analytics products and services, and engineering and value-added services.

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Urthecast Corp > Global $4.42 Billion Satellite-based EO Market to 2025

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Comment by GassXXon Apr 30, 2022 5:59am

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Post# 34644480

RE:Global $4.42 Billion Satellite-based EO Market to 2025

urthecast wrote: Global $4.42 Billion Satellite-based Earth Observation Market to 2025

Major Players are Airbus Defense and Space, MDA, UrtheCast, and Harris.
November 26, 2020 06:53 ET | Source: Research and Markets https://bit.ly/3qSiswv; https://bit.ly/3AvhHOh

The global satellite-based Earth observation market was valued at USD 2,743.6 million in 2019, and it is expected to reach USD 4,427.2 million by 2025, registering a CAGR of 8.5% during 2020-2025. Earth observation based on satellite offers value-added solutions to the businesses regarding the technical process, asset, and data management, which is likely to boost the market growth. Enhancement of equipment for geographical information and image processing has led to enormous improvisation in the performance and price of the tools, owing to which the adoption rate is increasing, thereby fueling the market.