The 7th Summit on Earth Observation Business concluded in Paris on Friday after two days of frenzy. The event was a part of Euroconsult’s World Satellite Business Week. It brought together top-level executives and senior government officials of the earth observation & geoinformation communities. Over 200 presidents, CEOs, CFOs and senior government officials congregated to review business models, assess customer requirements, network, and refine development strategies. Experts noted that the supply and demand of earth observation continues to evolve. Euroconsult’s Managing Director for Canada, Adam Keith, revealed that following a few years of slower growth as a result of reduced US defence spending, the market for commercial EO data sales grew by 11% to total $1.6 billion in 2014. Heavy duty EO industry stalwarts such as DigitalGlobe CEO Jeffry Tarr, Airbus Defence and Space Senior Vice President Bernard Brenner, MDA Geospatial Services General Manager David Bolton, e-GEOs CEO Marcello Maranesi and Imagesat CEO Noam Segal deliberated on the strategies on how to maintain business growth in a market that is seeing increased competition from several new entrants.
There was a lot of discussion around the evolution of the small satellite market and disruptive technologies like Big Data, 3D modelling and the likes are creating a niche market. Amid all this, it remains to be seen how EO operators adapt to a competitive market. Geobuiz’s sister publication Geospatial World was the official media partner for the event.