By 2025, space startups and companies will benefit from the Satellite Big Data Analytics Market worth Rs 300 Cr. With Earth Observation Applications becoming a key area of space technology, it leaves the Indian startups in the space segment with myriads of opportunities.
Relevance of satellite data
Satellite data is becoming crucial in many areas, both small and large, such as climate indication, warnings that help disaster management, crop growth images required for Crop Insurance Companies, images of potential fishing zone and mineral deposit Indication.
Billion dollar scope in technology
Data of image-sensing satellites that do not fall within the security-military purview is now available. Scientific analysis understanding the potential of these data is the next billion-dollar space product.
