Global Remote Sensing Technology Market Data 2024, Forecast To 2033
23 Feb, 2024
The remote sensing technology market is on a robust growth trajectory, climbing from $16.09 billion in 2023 to $17.54 billion in 2024, with a 9.0% CAGR. The historical surge is attributed to environmental monitoring, precision agriculture, natural resource management, urban planning, and disaster response. Projected to experience rapid growth, the market is anticipated to reach $26.16 billion by 2028, driven by increasing demand for earth observation data, satellite constellations' expansion, new platforms, SMEs' accessibility, and regulatory support. Emerging trends include hyperspectral imaging, UAV growth, improved resolution, and privacy focus.
Global Remote Sensing Technology Market Key Driver
The remote sensing technology market is growing as precision farming technology sees widespread adoption, with projections indicating significant benefits for farmers by 2030 (Source: McKinsey Global Institute).
Get A Free Sample Of The Global Remote Sensing Technology Market ReportGlobal Remote Sensing Technology Market Segments
The remote sensing technology market covered in this report is segmented –
1)By Technology: Active Remote Sensing, Passive Remote Sensing
2)By Platform: Satellite, Aerial Systems
3)By Application: Landscape Assessment, Security, Air Quality, Hydrology, Forestry, Floodplain Mapping And Emergency Management, Healthcare
4)By End User: Military And Intelligence, Weather, Disaster Management, Agriculture And Living Resources, Infrastructure
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the remote sensing technology market in 2023. The regions covered in the remote sensing technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Remote Sensing Technology Industry Players
Thales Group; DigitalGlobe Inc.; Environmental Systems Research Institute Inc.; General Dynamics Mission Systems Inc.; Hexagon AB; Maxar Technologies; Planet Labs PBC; L3 Harris Technologies Inc.; Airbus SE; Trimble Inc.; Neteera Technologies; Centre for Process Innovation Limited; Orbital Insight Inc; Cognitive Space Inc.; Alio Medical Inc.; Empatica Inc.; Sensera Systems Inc; Michigan Tech Research Institute; LongPath Technologies; Chloris Geospatial; Resonon Inc.; Muon Space Inc.; Array Labs Ic.; Satyukt Analytics Pvt Ltd.; Spanish Maritime Safety & Rescue Agency; Lockheed Martin Corporation; Raytheon Technologies Corporation; Teledyne Technologies Incorporated; Leidos Inc.; Conduent Inc.
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Remote Sensing Technology Market Overview
The remote sensing technology refers to active and passive sensing technology used to collect the information and analyze its physical characteristics. The purpose of remote sensing technology is to detect and track an area by physical characteristics at a distance by measuring its reflected and emitted radiation. It includes Lidar, unique cameras, radar scanning, and others.
Remote Sensing Technology Global Market Report 2023 provides data on the global remote sensing technology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The remote sensing technology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.