A recently published study has predicted that the global market for Earth observation (EO) for agricultural applications will be worth more than $815-million by 2029. The study, ‘EO4AG – Earth Observation for Agriculture’, was jointly compiled by TerraMetric (an American-domiciled global business development company with specialised agricultural market expertise) and Euroconsult (an international consulting and research company). The 2029 market prediction represents an about 100% increase over the current value of this market. The main driver of this expansion will be the private sector, enabled by the achievement over the next few years of almost worldwide broadband coverage. However, sales to government agencies will remain significant.
from Engineering News | Home https://ift.tt/34ncDxG
