Remote Sensing Satellite Market 2021 COVID-19 Impact and Global Analysis By Northrop Grumman, Pixxel Space, Planet Labs Inc., Satellite Imaging Corporation, Thales Group

Remote sensing refers to the acquisition of data on phenomena or physical objects through the process of recording, measuring and interpreting digital images from remote locations. Remote sensing satellites are the type of satellite which are equipped with highly efficient sensors that measure thermal infrared radiation emitted from the earth. Remote sensing satellites have several applications in land-use mapping, agriculture, land mapping, forestry, urban planning, archeological investigations, military observation and deforestation, vegetation dynamics, water quality dynamics, urban growth, etc.

The evolution of remote sensing technology has seen from aerial photography to multi-spectral satellite imagery. Radiation interaction characteristics of earth and atmosphere in a number of spectrum regions help to distinguish and characterize earth and atmospheric characteristics. More advancement in remote sensing satellite is expected to drive the market during forecast period.

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MARKET DYNAMICS

The growing investment in communication satellite specially in developed countries and escalation in the use of remote sensing satellites in military for observation and communication purpose is driving the growth of the remote sensing satellite market. However, cost associated with satellite launch and complexities attached to its integration with several platforms may restrain the growth of the remote sensing satellite market. Further, more technological advancement in remote sensing satellites such next generation satellites is anticipated to create market opportunities for the remote sensing satellite market during the forecast period.

MARKET SCOPE

The "Global Remote Sensing Satellite Market Analysis to 2027" is a specialized and in-depth study of the remote sensing satellite market with a special focus on the global market trend analysis. The report aims to provide an overview of remote sensing satellite market with detailed market segmentation by system, application, and geography. The global remote sensing satellite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading remote sensing satellite market players and offers key trends and opportunities in the remote sensing satellite market.

MARKET SEGMENTATION

The global remote sensing satellite market is segmented on the basis of system and application. On the basis of system, the market is segmented as SATCOM, radar, EO/IR, and others. Further based on application, market is segmented as earth observation, telecommunication, mapping and navigation, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global remote sensing satellite market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The remote sensing satellite market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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