The current report includes a comprehensive analysis of different platforms such as satellites, airborne, and others (terrestrial and aquatic). Further, the market covers applications and potential areas in which companies can invest.
In addition to highlighting the current and future market potential for remote sensing technologies, this report also analyzes the competitive environment, regulatory landscape, drivers, restraints, opportunities, and trends. Market projections from 2023 through 2028 are included, along with a study of key market players.
For market estimates, data were provided for 2022 as the base year, with forecasts for 2023 through 2028. Estimated values are based on revenue from remote sensing technologies companies as total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.
Report Includes
- 31 data tables and 27 additional tables
- An overview of the global market for remote sensing technologies
- Estimate of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projection of CAGR through 2028
- Analyses of the market potential for remote sensing technologies based on technology, platform, application and region
- Analysis of the market's dynamics, including growth drivers and inhibitors, and opportunities, and insights into the regulatory environments impacting the market
- Examination of environmental, social and corporate governance (ESG) developments, a relevant patent analysis; and coverage of the mergers and acquisitions (M&A), venture fundings and emerging technologies in the global market
- Company profiles of major players within the industry, including BlackSky Global, Maxar Technologies Inc., Planet Labs Inc., and Hexagon
Table of Contents
Executive Summary
The market's rapid growth for advanced agriculture, defense, and infrastructure monitoring technologies should continue during the forecast period. Integrating IoT technologies and remote sensors, computer imaging is expected to create huge growth opportunities for the global remote sensing technologies market. Military intelligence and security are potential applications because remote sensing can be used to conduct surveillance on enemy activity and movements. This information can identify potential threats, track enemy movement, and learn about enemy arms and ammunition. For instance, BlackSky has been monitoring Russia’s buildup along Ukraine’s border. Throughout the war, the company has provided data and images to customers, the media, and the public.
Countries with space-faring capabilities have dominated remote sensing technologies, led by the U.S. and Europe. Remote sensing technology is expected to continue toward higher lens resolution and more detailed imagery.
North America is the largest market for remote sensing technologies, followed by Europe and Asia-Pacific. The increasing activity for Earth observation and monitoring is pushing growth in the North American market. For instance, In June 2020, NASA, JAXA, and ESA collaborated to develop an Earth observation dashboard that tracks COVID-19-related human lifestyle and environmental changes. The dashboard integrates satellite records for user-friendly tracking of economic activity, agriculture, and climate monitoring. Further, smart city projects are gaining popularity for their ability to assist authorities with security and urban planning, infrastructure modeling, and zoning. Increasing investment by countries in infrastructure development is expected to drive growth in smart cities. In turn, that should boost growth in the global market for remote sensing technologies.
Companies Mentioned
- Airbus
- Blacksky Global
- Descartes Labs
- Esri
- Hexagon
- Imagesat International N.V.
- Maxar Technologies Inc.
- Planet Labs Inc.
- Remote Sensing Solutions
- Thales Group
- Trimble
- Urthecast Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | September 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 14.7 Billion |
| Forecasted Market Value ( USD | $ 27.1 Billion |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
