According to Space Capital, $178 billion in investment flowed into the space economy from 2011 to 2021, with $14.5 billion accounting for space infrastructure companies.
The finances are spent mostly on Earth observation through geospatial data analysis, rockets, and launch systems, which are widely used in different spheres globally.
The modern geospatial data analytics market encompasses companies and solutions that harness the power of space technology to ensure space data extraction, analytics, and use for the benefit of the environment, businesses, and people.
We’ve gathered companies making the biggest impact in space technology development and use, from building rockets to satellite imagery analytics tools.
EOSDA
EOS Data Analytics is a company operating in the field of advanced satellite imagery analytics with the help of proprietary AI algorithms.
EOSDA partners with governmental, commercial, and scientific organizations, providing Earth observation solutions in over 20 industries, focusing mainly on agriculture and forestry.
The company’s mission is ensuring environmental preservation by arming decision-makers with the top-notch software for battling global challenges humanity faces today, including reduction of CO2 emissions, ensuring food security, battling soil erosion, deforestation management, water preservation, and more.
Offering access to advanced geospatial data analytics in different domains, EOS Data Analytics Inc. contributes to businesses shifting towards sustainable practices globally.
Apart from its digital catalog of satellite imagery called EOS LandViewer where users can search, analyze, and download Earth pictures based on their business needs and area of interest, the company has other tools developed specifically for agriculture and forestry.
Leveraging the possibilities of geospatial data analysis in agriculture, EOSDA has created a software platform called EOS Crop Monitoring, which now has over 32 million field hectares under observation.
This digital precision agriculture tool is an all-in-one solution that provides easy and convenient access to multiple types of field data, including crop state, weather conditions, field productivity, performed and planned activities, moisture, and much more.
More so, the company offers API documentation for EOS Crop Monitoring features integration into an already existing software or the White label solution for those who want to receive a ready-to-use precision farming solution under their own brand.
The solutions are for IT companies, food producers, input suppliers, governments, insurance companies, etc. And for those who require special, unique data, EOSDA also offers custom solutions, including yield prediction, crop mapping, field boundaries detection, and more.
EOS Forest Monitoring is basically an analogue of EOS Crop Monitoring but for forest management.
The platform enables forest owners, logging companies, and forestry players to monitor forest stands remotely by accessing the most reliable and relevant data on forest health online and getting email notifications in case any changes and risks occur.
Adding to all of this, EOSDA is aiming to be the first to launch an agri-focused satellite constellation among companies that apply remote sensing technology in products and services.
The EOS SAT constellation will consist of 7 satellites equipped with 11 agri-related bands to ensure unmatched possibilities of farmlands monitoring.
This will increase data precision and accuracy of the company’s products when it comes to vegetation health monitoring, resources optimization, and mitigation of adverse environmental impacts farming can cause, benefiting both farmers and humanity overall.
SpaceX
The company operates in the field of spacecraft construction. SpaceX has developed the Falcon launch vehicles, the Dragon cargo spacecraft designed to replenish supplies at the International Space Station, and the Starlink satellite Internet network. The main goals of the company are to reduce the cost of launching rockets into space and eventually start Mars’ colonization mission.
Totum Labs
Thanks to worldwide satellite reach combined with indoor coverage, the company offers a special connectivity solution for transportation, supply chain monitoring, agriculture, and other spheres.
Totum Labs has developed a global tracking chip able to monitor anything that is indoors and outdoors anywhere in the world. The company has already reached success in establishing a connection between its satellite and an object in an office building.
BAE Systems
This company is one of the largest defense contractors worldwide and the largest defense contractor in Europe uncovering the possibilities of real-time geospatial data analysis.
Also being on top of the list when it comes to satellite communication antenna design, it offers astronomy technology and satellite communication solutions.
More so, BAE Systems has successfully established a satellite ground station for the Department of Climate Change and Energy Efficiency.
Hedron
This space tech company specializes in building the Fast Pixel network — a satellite relay network aimed to enable real-time communication between satellites.
The network will provide a constant low-latency link to the ground and increase average data offload rates, making access to satellite data more frequent.
LeoLabs
LeoLabs is offering critical data for satellite tracking, monitoring, and collision prevention to satellite operators, defense agencies, insurance agencies, etc. While continuing to grow, the company plans to locate their next radar in Portugal and enable even more effective space debris tracking.
Rocket Lab
As one of the benefits of space for humankind is international peace and security, Rocket Lab specializes in the development of rocket launch and control systems for the space and defense industries.
It designs, puts together, and seels the Electron and Neutron launch vehicles, and offers the Photon platform for developing spacecraft solutions. It serves clients in the commercial, civil, defense, and scientific sectors.
Skywatch
Being one of geospatial data analysis companies, SkyWatch connects GIS Managers and developers with one of the biggest networks of satellite imagery providers.
The providers include GIS analysts and data scientists and developers who pull out valuable data from satellite pictures turning it into an asset for smart decision-making.
R3-IoT
R3-IoT has created an IoT-based satellite connectivity technology for connecting sensors to the cloud from anywhere in the world. The solution has already found use in the aquaculture sector, reimagining data collection, analysis, and use on fish farms thanks to their innovative digital platform.