Remote Sensing Services - Global Market Outlook (2020 -2028)
According to Stratistics MRC, the Global Remote Sensing Services Market is accounted for $16.55 billion in 2020 and is expected to reach $55.39 billion by 2028 growing at a CAGR of 16.3% during the forecast period. While the factors like growth of the cloud computing market and increasing demand in homeland security operations are boosting the market growth. On the other hand, lack of awareness and interoperability issues is hampering the market growth.
Remote sensing refers to the attainment of data about phenomena or physical objects through the process of recording, measuring, and interpreting digital images from remote places. Remote sensing satellites are equipped with highly efficient sensors which measure the thermal infrared radiation emitted from the earth.
Based on the platform, the satellites segment is estimated to have a lucrative growth during the forecast period. Satellite imagery data are used for various applications such as earth observation & meteorology, scientific research & exploration, mapping & navigation, and surveillance & security.
By geography, North America is going to have lucrative growth due to its offering specialized remote sensing services for defense and commercial industries. Therefore, the presence of key players offering remote sensing services in North America is one of the most significant factors pouring the growth of the market in this region.
Some of the key players profiled in the Remote Sensing Services Market include The Sanborn Map Company, The Airborne Sensing Corporation, Terra Remote Sensing, Cyberswift, Digitalglobe, Ekofastba, GEO Sense SDN. BHD, Mallon Technology, Remote Sensing Solutions, Satellite Imaging Corporation, Spectir, Antrix, Ball Corporation, Lockheed Martin Corporation, The Boeing Company, and Space Exploration Technologies Corporation.
• Unmanned Aerial Vehicles (UAVs)
• Manned Aircraft
• Satellite Communications (SATCOM)
• Electro-Optical/Infra-Red (EO/IR)
• Aerial Photography & Remote Sensing
• Data Acquisition & Analytics
Remote Sensing Technologies Covered:
• Precision Farming
• Defense and Intelligence
• Pipeline Monitoring
• Mineral Exploration
• Damage Assessment
• 3-D Terrain Model Construction
• Geohazard Mapping
• Coastal Analysis
• Disaster Management
• Earth Observation
• Bedrock Mapping
• Lithological Mapping
• Structural Mapping
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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