Satellite images are utilized in a wide range of areas and applications such as national land management, natural disaster monitoring, marine resource management, agriculture and forestry, environmental weather observation, and national security to create huge added values.
The world satellite image market was worth around USD 2 billion in 2015, and is expected to grow at an annual average rate of about 8% until 2023.
Korea generates around 100,000 pages of satellite pages annually from its low-orbit satellites and multipurpose satellite series, as well as from various observation satellites such as Cheollian, a geostationary satellite, and distributes them for application in the public and private sectors.
Satellite images have thus far generated an economic effect far in excess of the actual cost of satellite development, as proven by the import-substitution effect of KRW 557.9 billion of Multipurpose Satellite No. 2, which completed its mission after being launched in 2006.
The Multipurpose Practical Satellites Nos. 3, 3A and 5, in particular, generate outstanding satellite image assets such as sub-meter class (70cm and 55cm class) high-resolution satellite images and radar-IR images, which are leading the global market for commercial satellite images.
Satellite images also help to enhance the status of Korea in the international community.
KARI joined the International Charter on Space and Major Disasters in 2011 and is now providing satellite data to help international efforts to detect major disasters and analyze damages as part of its provision of satellite data for application humanitarian programs worldwide.