openPR Logo
Press release

Remote Sensing Services Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

09-30-2022 09:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The report on the Remote Sensing Services Market provides a detailed trend analysis from 2018 to 2027. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87605355

The Remote Sensing Services Market is estimated to be USD 13.2 billion in 2022 and is projected to reach USD 26.6 billion by 2027, at a CAGR of 14.9% from 2022 to 2027. The market is driven by factors such as rise in global focus on using satellite, UAV aerial images for various applications like precision agriculture, real estate monitoring, power line inspection among many others

Based on application, Defense & Security segment is projected to lead the market during the forecast period.

Defense & security is one of the main verticals that use geospatial technologies in their operational activities. GIS, GPS, IoT, and remote sensing are used in defense operations such as command & control, force protection & security, intelligence, surveillance, military engineering, mission planning, data modeling, simulation, training, terrain analysis, visualization, and naval operations.

Crime mapping can be done using GIS and satellite imagery, allowing analysts to spot patterns in the occurrence of crimes, as well as trends and escape routes used by criminals. Additionally, GIS tools can be used with AI to predict areas that are vulnerable to attack.

Based on end use, military & government segment is estimated to dominate the market during the forecast period

The innovation of remote sensing technology plays a vital role in defense forces. Geographical Information Systems (GIS) have provided essential and accurate information to military operations. Military commanders' concept of Command, Control, Coordination, and Communication depends largely on spatial data from GIS.

Battlefield management is a system that integrates, monitors, and processes information to enhance efficient command and control military operations. Remote sensing technology has changed the way battles are planned during wars. The military commander in the battle uses spatial data and GIS systems for digital mapping, planning for battlefield operations, and command control.
Satellites owned by private companies have played an unexpectedly important role in the war in Ukraine in early August 2022.

Based on type, aerial photography & remote sensing segment to have highest market share in 2022

Aerial photography is being used widely for archaeological purposes due to the fact that remote sensing data helps to recognize site locations and record and monitor changes in their landscapes through time. It is also used to discover subsurface features by means of the topsoil characteristics or by stereoscopic examination of images. Inspection of low-altitude oblique and vertical photographs can detect textural soil variations, such as shadow marks, crop marks, and soil marks; most of which are caused by the disturbances of the soil's matrix by the presence of underground features and the corresponding differences in moisture conditions.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=87605355

North America accounted for the largest share of the remote sensing services market in 2022. The presence of major service providers, such as Maxar Technologies (US), Planet Labs PBC (US), and Terra Remote Sensing (Canada), is one of the most significant factors driving the demand for remote sensing services in this region. North America is expected to continue its dominance in the remote sensing services market during the forecast period. However, the market in Asia Pacific is projected to record the highest CAGR of 17.5% during the forecast period.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Remote Sensing Services Market Set to Grow at the Fastest Rate- Time to Grow your Revenue here

News-ID: 2754364 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for GIS

Geographic Information System (GIS) Software Global Market Report 2024 - Geograp …
"The Business Research Company recently released a comprehensive report on the Global Geographic Information System (GIS) Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The
Asset Management GIS World 2024 Coverage
Several public works organizations have made a significant investment into gaining and deploying a geospatial information system (GIS) for tracking their spatial assets, maintaining historical records and sustaining a precise inventory. GIS data delivers invaluable information to these asset management organizations. Whether the user organizations have utilities, roads, parks and recreation, bridges, signals or facilities, a robust integration between asset management and GIS is integral to a long term, successful
Integration of BIM & GIS
Building information modeling (BIM) and geographic information systems (GIS) are two technologies that have particular applications. GIS has mapping characteristics and geographical databases, while BIM is primarily utilized for building assets as an object-based information model. In challenging and extensive projects, the connecting thread between these two technologies is gaining legitimacy. BIM technologies are typically used in projects related to architecture and civil engineering, while GIS systems are typically used
Mobile GIS Market is Anticipated to Gain Moderate CAGR by 2027 | ESRI, GIS Cloud
Mobile GIS market research analysis depicts severe economic consequences caused due to the outbreak COVID-19, which affected the entire society and world economy. Present and previous pricing structure made here helps industry players to bring the right products into the market and gain huge returns. Newly entering market player needs to take the help of this Mobile GIS market research when launching any new product. A few of the vital
GIS Software Market 2025 by Component, Type of GIS Software, Functions, Organiza …
Increasing adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, and growing demand for GIS software for smart cities development as well as urban planning have fueled the growth of the global GIS Software Market. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5259 The global GIS software market was valued at $3.24 billion in 2017 and is expected to hit $7.86 billion in 2025, registering a CAGR of 11.8% from
Global Cloud GIS Sales Market Top player: CartoDB , ESRI , Hexagon, GIS Cloud
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. Browse Complete