Categories: Market Research

Global Remote Sensing Services Market Size and Forecast 2024-2033|Antrix Corporation Limited, CyberSWIFT Infotech Pvt. Ltd., DigitalGlobe Inc., Ekofastba SL, Geo Sense Sdn. Bhd

The Remote Sensing Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Remote Sensing Services Global Market Report 2024, The remote sensing services market size has grown rapidly in recent years. It will grow from $24.97 billion in 2023 to $28.7 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to increased government investments, environmental monitoring and climate studies, precision agriculture adoption, infrastructure development projects, natural resource management.

The remote sensing services market size is expected to see rapid growth in the next few years. It will grow to $51.91 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to global climate change monitoring, health monitoring in agriculture, high-resolution hyperspectral imaging, crisis management and humanitarian aid, renewable energy site assessment.. Major trends in the forecast period include rise of hyperspectral and multispectral imaging, maritime surveillance and monitoring, commercialization of remote sensing data, focus on environmental sustainability.

The growth in the cloud computing market is expected to propel the growth of the remote sensing services market going forward. Cloud computing refers to the very of computing services which include servers such as storage, databases, networking, software, analytics, and intelligence. These services help to offer faster innovation, flexible resources, and economies of scale. Cloud services help to accelerate technology transfer in remote sensing through improved application sharing. Also, it helps to connect remote sensing scientists more directly with the end-users. For instance, in January 2023, according to Google LLC, a US-based technology company, 76% of people used the public cloud in 2022, an increase of 56% from 2021. Also, according to Findstack, a UK-based business software company, in the year 2021, 81% of all enterprises have reported that they are using a multi-cloud strategy laid out or in the works. Therefore, the growth in cloud computing will propel the growth of the remote sensing services market.

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The remote sensing services market covered in this report is segmented –

1) By Type: Aerial Photography and Remote Sensing, Data Acquisition and Analytics

2) By Platform: Defense, Media and Entertainment, Homeland Security Agencies, Agriculture, Energy and Power, Scientific Research, Weather Forecasting, Other Platforms

3) By Resolution Segments: Spatial, Spectral, Temporal, Radiometric

Technological advancements are a key trend gaining popularity in the remote sensing services market. Major companies operating in the remote sensing services market are focused on developing new technological solutions to strengthen their position in the market. For instance, in February 2022, Thales Alenia Space, a France-based aerospace manufacturer, launched COSMOS-SkyMed, an advanced imaging radar remote sensing satellites for the Italian Space Agency that works on a unique feature of SAR (synthetic aperture radar) sensors. It is capable of providing agriculture mapping, disaster monitoring, and environmental observations around the clock in normal or adverse environmental conditions and also offers a zooming feature for specific targets zoom smaller than a yard.

The remote sensing services market report table of contents includes:

1. Executive Summary

2. Remote Sensing Services Market Characteristics

3. Remote Sensing Services Market Trends And Strategies

4. Remote Sensing Services Market – Macro Economic Scenario

5. Global Remote Sensing Services Market Size and Growth

26. South America Remote Sensing Services Market

27. Brazil Remote Sensing Services Market

28. Middle East Remote Sensing Services Market

29. Africa Remote Sensing Services Market

30. Remote Sensing Services Market Competitive Landscape And Company Profiles

Top Major Players: