Global Remote Sensing Services market share 2024, Forecast To 2033
4 Mar, 2024
The remote sensing services market size has seen rapid growth, escalating from$24.97 billion in 2023 to$28.7 billion in 2024, marking a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period is attributed to increased government investments, environmental monitoring and climate studies, adoption of precision agriculture, infrastructure development projects, and natural resource management. Positioned for further rapid expansion, the market is expected to reach$51.91 billion in 2028, boasting a CAGR of 16.0%. Major trends in the forecast period include the rise of hyperspectral and multispectral imaging, maritime surveillance and monitoring, commercialization of remote sensing data, and a focus on environmental sustainability.
Global Remote Sensing Services Market Key Driver
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. The 2023, 2024, and 2028 market size values highlight the pivotal role of cloud computing in revolutionizing remote sensing services, enabling enhanced data processing, analysis, and dissemination, thus driving market expansion.
Get A Free Sample Of The Global Remote Sensing Services Market ReportGlobal Remote Sensing Services Market Segments
The global 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
By Geography: The regions covered in the remote sensing services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Remote Sensing Services Industry Players
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.
Get The Full Global Remote Sensing Services Market ReportRemote Sensing Services Market Overview
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.
Remote Sensing Services Global Market Report 2023 provides data on the global remote sensing services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The remote sensing services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.