London, 5 May 2023 – NUVIEW, an American Earth observation and geospatial technology company, announced that it is building the first commercial LiDAR satellite constellation which will map the entire land surface of the Earth in 3D for the first time. The announcement was made during the Geospatial World Forum in Rotterdam, the Netherlands. The company has $1.2 billion dollars in early adopter agreements.
Currently satellite imagery provides a 2D view of the planet, with only an estimated 5% of the Earth’s landmass having been mapped with LiDAR. The limited depth and accuracy restrict its use for challenges such as climate change, disaster response, sustainable farming, conservation, and forestry.
NUVIEW’s technology will be powered by a constellation of satellites. It will collect data more than 100 times faster than current commercial aerial solutions. This will give NUVIEW access to the geospatial market which is expected to grow to a $1.7 trillion industry.
“NUVIEW is thrilled to be leading a new era in geospatial technology to provide the first, most complete, high-resolution 3D point cloud of the Earth’s surface,” says Clint Graumann, CEO & Cofounder of NUVIEW. “Our LiDAR satellite constellation will offer a wealth of information that has never before been available at scale, driving innovation and progress throughout numerous industries and revolutionising the way we understand and interact with our planet.”
NUVIEW aims for this satellite constellation to have many applications. The high-resolution 3D point cloud data will enable farmers to optimise crop yields and water usage. City planners will be able to create more efficient and sustainable urban environments. The global digital terrain models (DTM) and digital surface models (DSM) will be an opportunity to collaborate with electro-optical and SAR satellite operators. The ability to quickly gather precise data about disaster-affected areas will help emergency responders and aid organisations to better coordinate their efforts.