Overview and Scope
Remote sensing refers to special cameras that collect remotely sensed images, which help researchers to sense things about the earth. Remote sensing services that are used to detect and monitor the physical characteristics of an area by measuring its reflected and emitted radiation at a distance.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the remote sensing services market in 2023. The regions covered in the remote sensing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the remote sensing services market report are Antrix Corporation Limited, CyberSWIFT Infotech Pvt. Ltd., DigitalGlobe Inc., Ekofastba SL, Geo Sense Sdn. Bhd., Lockheed Martin Corporation, Mallon Technology Ltd., Remote Sensing Solutions GmbH, Satellite Imaging Corporation, Spectir LLC, Terra Remote Sensing Inc., The Airborne Sensing Corporation, The Sanborn Map Company, Ball Corporation, General Dynamics Mission Systems Inc., Hexagon AB, Space Exploration Technologies Corporation, Stantec Inc., The Boeing Company, Airbus Defence and Space Ltd., BlackSky Global LLC, Blue Marble Geographics Inc., Earth-I Ltd., Ecometrica Ltd., EOMAP GmbH & Co.KG, Environmental Systems Research Institute Inc., European Space Imaging GmbH, GeoOptics Inc., Geosys Enterprise Solutions Private Limited, L3Harris Geospatial Solutions Inc., ICEYE Ltd., ImageSat International Ltd., Intermap Technologies Corp.
The remote sensing services market report table of contents includes:
- Executive Summary
- Remote Sensing Services Market Characteristics
- Remote Sensing Services Market Trends And Strategies
- Remote Sensing Services Market – Macro Economic Scenario
- Global Remote Sensing Services Market Size and Growth
- Remote Sensing Services Market Segmentation
- Remote Sensing Services Market Regional And Country Analysis
…………….
- Key Mergers And Acquisitions In The Remote Sensing Services Market
- Remote Sensing Services Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Remote Sensing Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Remote Sensing Services Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Remote Sensing Services Market, Segmentation By Resolution Segments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Antrix Corporation Limited Financial Performance
Table 75: CyberSWIFT Infotech Pvt. Ltd. Financial Performance
Table 76: DigitalGlobe Inc. Financial Performance
Table 77: Ekofastba SL Financial Performance
Table 78: Geo Sense Sdn. Bhd. Financial Performance
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