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The State of Space-Based Data |
NEWS |
The space industry is undergoing rapid transformation as new reusable rockets and Artificial Intelligence (AI) tools for optimizing and enhancing space networks emerge. Alongside integrating these emerging technologies, which signify an inevitable future of edge-computing satellites on the horizon, the government and commercial sectors are showing a growing appetite for one of the most important commodities in our digital economy: space-based data.[1]
According to ABI Research’s latest release of Satellite Constellations and Launch 2024 (MD-SATCC-103), the number of Earth Observation (EO) satellites is expected to grow from more than 900 in 2024 to more than 2,300 by 2032. With some industry estimates indicating that each EO satellite generates approximately 100 Terabytes (TB) of data daily, this would collectively amount to around 230 Petabytes (PB) of data per day by 2032. Enhancing this large volume of EO data is an ever-growing suite of powerful AI models and tools, often developed and trained by EO operators themselves and by third-party data analytic firms to help accelerate productivity and enhance analysis. And, unlike AI pure-play companies, they have more control of their training data. In this way, distinct clusters of AI companies, those focused on Internet-trained AI data (Large Language Models (LLMS)) and others focused on space-based unlabeled data (Foundation Models (FMs)) are set to evolve.
[1] Space-based data refer to information obtained from instruments like satellites, telescopes, and space probes and includes remote sensing data, space weather data, satellite imagery, and navigation and communications data.
The Impact Potential of Space-Based Data |
IMPACT |
Embracing EO Systems |
RECOMMENDATIONS |
Many organizations depend on satellite data for decision-making, but transmitting critical space-based data is often restricted to times when satellites pass over ground stations. In this way, true real-time EO satellite data are challenging to achieve; however, some systems are coming very close to providing near-real-time data, such as ICEEYE, Plant Labs, or MAXAR Technologies (with image collection every 20 to 30 minutes). To overcome time restriction challenges in orbit, many companies are beginning to adopt edge computing, processing data directly on the satellite, to help reduce the need to send large volumes of raw data back to Earth, optimizing the limited time window provided for analysis.
While edge computing in satellites is still early days, mass deployment of EO satellites for continuous coverage or integration into a larger mesh architecture may help provide customers with the continuous stream of data they may need. As satellite technology continues to improve and become more accessible, there will inevitably be greater integration of space-based data into our digital infrastructure. This convergence of space technology and digital capabilities will not only enhance existing services, but also unlock innovative solutions for a more connected and sustainable digital future. Indeed, with the projected synergies with AI and Machine Learning (ML), ABI Research estimates revenue generated from the sale of EO data will increase to over US$6 billion by 2028, reflecting a 2023 to 2028 Compound Annual Growth Rate (CAR) of 15%.