Satellite-Based Earth Observation Markets Continue to Soar

CAMBRIDGE, Mass., Oct. 24, 2017 (GLOBE NEWSWIRE) — NSR’s Satellite-Based Earth Observation (EO), 9th Edition report, releasing tomorrow, projects that Data, Value-added Services, Information Products, and Big Data Analytics from satellite-based EO will represent a $52 billion opportunity over the next ten years. The market will grow rapidly both in the upstream supply of satellites and satellite constellations, and downstream through the development of products and applications turning imagery into insights. New to this report, NSR assesses the supply/demand dynamic between upcoming EO satellite constellations, emerging applications, and the growing trend of high-volume imagery sales, along with a segmentation of the global revenue opportunity by vertical, region, segment, and Instrument Resolution. The ability to monitor global assets and economies is gaining traction in the EO space from new players, and NSR forecasts this will drive the fastest-growing vertical in Big Data analytics to reach $374 million in revenue by 2026.
“Interest and investment in the EO market continues to grow all along the value chain. From satellites to Big Data analytics, new opportunities are presenting themselves, driven by technological advances and a demand for actionable intelligence,” said Dallas Kasaboski, Analyst and report author. “There are new opportunities from unlocking the value behind the pixel, to track assets, monitor and analyse changes in vegetation and infrastructure, done more frequently, and in an automated way.” Constellations are changing the EO business with higher imagery revisit and refresh along with technological improvements and innovations for the storage, processing, and delivery of data. New business models, focused on analytics, driven by large volumes of imagery, delivered as Data-, Software-, and Insights-as-a-Service are lowering the barriers to entry and expanding the opportunity in this space. At the same time, revenues generated via very high-resolution imagery continue to grow, driven by deep-pocketed customers seeking precision and quality above all else.“The ‘traditional’ EO players are well-established, with Defense and Governments expected to remain the largest verticals by 2026, in part due to the premiums paid for very high resolution imagery,” Mr. Kasaboski added. “However, this is also from government & military growing interest in large volumes of imagery, and analytics with innovative business models such as imagery leasing, subscriptions, or large-volume delivery.” NSR’s latest report examines this trend, forecasting and contrasting single vs. volume-based imagery costs and business models, an industry-first analysis.    About the Report
NSR’s Satellite-Based Earth Observation (EO), 9th Edition provides a detailed and thorough analysis of trends affecting the satellite-based EO market and includes a new segmentation of revenues by instrument resolution. The report examines the drivers, challenges, and revenue potential for satellite-based EO data, value-added services, information products, and Big Data analytics. It includes a step-by-step analysis of the industry’s environment, its competitive landscape, market context for each vertical, region, and instrument resolution. The report dives into the major players’ reach in these segments, and offers a comprehensive view of the entire value chain. This completely updated NSR report forecasts demand over the next 10 years, and presents revenues for seven verticals, five regional markets, and eight instrument resolutions along with a data price forecast. For additional information on this report, including a full table of contents, list of exhibits, and executive summary, please visit or call NSR at +1-617-674-7743.
About NSR
NSR is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings.  First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.  Contact us at to discuss how we can assist your business.

FLYHT Provides Third Quarter 2017 Update

/ — CALGARY, AB–(Marketwired – October 03, 2017) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce USD $1.7 million in additional sales contracts and purchase orders during the third quarter of 2017, bringing the total for the quarter to nearly USD $3.1 million, assuming FLYHT provides services over the full term of the agreements. The following are the updates regarding sales activity during the third quarter.

  • FLYHT received additional orders from an existing OEM partner (see release on July 15, 2014) for parts with related license fees for delivery.
  • Three existing customers, one in Africa and two in China, ordered additional Automated Flight Information Reporting System (AFIRS™) 228 hardware kits and/or voice and data services.
  • FLYHT received a purchase order from a leasing company located in Ireland for three aircraft. Along with Avmax, this is FLYHT’s second relationship with a leasing company.
  • FLYHT also received a purchase order from a military logistics company for AFIRS units.
  • FLYHT signed a contract with one Airline in South Korea.
  • FLYHT signed a contract with the Operator Bahamasair.

Bahamasair, which operates in the Caribbean, will add AFIRS to their current fleet of ATR and B737 aircraft. As part of this agreement, Bahamasair will also utilize FLYHT’s UpTime™ Cloud solution to provide real-time data to support their Operations Control and to support their maintenance operations.

The airline will take full advantage of FLYHT’s services to monitor and manage the health of its aircraft. These services include global voice and text messaging capabilities to stay in constant contact with Bahamasair pilots. FLYHTHealth™ will monitor the status of aircraft systems and engines and will alert the airline to any maintenance or operational issues. FLYHTASD™ will provide Bahamasair with an aircraft situational display, an electronic, real-time map of their assets, enabling the airline to configure flight tracking intervals.

“We are excited to add Bahamasair to our customer list. Caribbean operations can be challenging because of high daily aircraft utilization with a number of shorter flight segments, expanded long-haul routes to the southern Caribbean, and generally, a vast number of over-water flights,” remarked David Perez, FLYHT’s VP Sales and Marketing. “Bahamasair will achieve positive benefits from real-time awareness that FLYHT is providing to other operators in the region.”

In addition to the latest orders above, FLYHT previously announced AFIRS contracts in the third quarter with two new Chinese cargo airlines for USD $1.4 million in a press release on September 5, 2017.

FLYHT was issued a Supplemental Type Certificate (STC) for the AFIRS 228 by Transport Canada Civil Aviation (TCCA) for Bombardier Q-400 in July and revised an STC in August that allows modifications on certain Airbus A320 aircraft to introduce AFIRS 228S real-time data services.

FLYHT also received final approval for activation of the TCCA STC for the E-190 Embraer Jet family. However, delays encountered in test flights, which are outside of FLYHT’s control, have caused Federal Aviation Authority (FAA) and the associated Chinese CAAC STC approvals to be achieved later than was planned and will therefore negatively impact the revenue plan for the third quarter. The receipt of these remaining approvals is anticipated during the fourth quarter of this year.

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: (TSX VENTURE: FLY) (OTCQX: FLYLF)). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRS™) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTime™ cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.

Join us on social media!

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.