Latin America Earth Observation Data Market to Exceed $350 Million by 2024 « Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
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• Robust demand from defense. Although impacted by the gradual increase of national proprietary systems, this supply is not expected to fulfill all regional demand for image intelligence solutions.
• Demand in natural resources mainly related to national forest monitoring programs, especially in Brazil and Mexico, although countries such as Argentina, Chile, and Colombia are also increasing demand for forestry and agriculture. • Infrastructure and engineering demand driven by Brazil and Mexico and their plans to invest billions of dollars in development projects over the next decade. Colombia and Chile are also foreseen to undertake projects to update road networks and public transport infrastructure.
• Demand in the energy (oil, gas, minerals) sector, mainly in Brazil, Mexico, and Chile. Countries will be effected in the short to medium term related to the drop in oil prices; however the region remains resources-rich with new ventures expected to emerge.
Earth Observation Requirements & Solutions in Latin America gives a 360° view of the market, exploring the underlying development dynamics in the region, the Latin American space sector, supply (both upstream and downstream) and demand for Earth observation data, along with profiles of the largest regional markets. The report includes assessments of key vertical markets along with country-specific profiles.