Remote Sensing Industry $2.4B and Growing 03.12.2002
The Imaging and Geospatial Information Society has the initial results from the 2001 Remote Sensing Industry gross revenue survey. The survey was conducted in late 2001 as part of the joint ASPRS/NASA Ten-year Industry Forecast and reflects the second in a series of revenue surveys; the first survey was accomplished in 2000.
In the 2001 survey, Remote Sensing Industry commercial firms reported annual revenues during their most recent fiscal year ranging from $500,000 to $180 million, up from $400,000 and $120million respectively in 2000. Projected gross revenues aggregate to an industry-wide revenue stream conservatively estimated at $2.44 billion, up from $2.2 billion in 2000. This reflects a 2001 actual growth rate of nearly 11%. Projected revenue growth, as forecast by industry CFO’s and CEO’s, over the next five years is expected to continue averaging between 10-15% per year.
The breakout of revenues reported among business sectors ranges from Data Processing at 21% to Data Acquisition at 25%. Top Remote Sensing Market segments continue to be National and Global Security - 36 percent; Civil Government - 16 percent; and General Purpose Mapping - 15 percent. Revenues reported indicate that aerial-based revenues comprise approximately 30 percent of the total, satellite-based 46%, and the remaining 24 percent allocated to a mix of the two or to related support activities.
The remote sensing industry includes image mapping, photogrammetry and remote sensing analyses, and image-based geographic information systems (GIS) applications. Revenues reported include those generated by US-based firms, and US sales by companies based outside but operating within the US. Reported revenues do not include non-image based GIS activities or basic surveying (non-image) functions.
Additional information on the survey, together with a status report on Phase III of the Ten-year Industry Forecast, will be provided during the 2002 ASPRS Annual Conference, April 19-26, in Washington, DC. See the ASPRS web site at http://www.asprs.org for more information on the conference or to become involved in the Forecast effort.