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North America Remote Sensing Services Market Size Expands Rapidly with the Surge in Environmental Research, Emphasizing Scientific Data Acquisition
North America Remote Sensing Services Market Report
Increase in advancements in remote sensing technologies and rise in need of remote sensing data in various defense applications drive growth of the market. In addition, growth in adoption of GIS applications for environmental risk management fuels growth of the market. Furthermore, emergence of technologies such as cloud computing, big data analytics, and Internet of Things (IoT) is expected to provide remunerative opportunities for expansion of the market during the forecast period.
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On the basis of platform, the ground segment dominated the North America remote sensing services market share in 2021, and is expected to continue this trend during the forecast period. The ground based remote sensing techniques are cheaper and less labor intensive than alternative options of excavation, which provide lucrative opportunities for the market growth. Moreover, satellite remote sensing provides unique opportunities in offering various components of land information by integrating with ground-based observation, further drive the market growth.
However, UAVs segment is expected the highest market growth in the upcoming years. Various governments including the government of the U.S. are making policies to push tribal communities into main stream public for their social and economic growth. Sometimes it is difficult for humans to reach into dense forest of tribal areas for surveying tribal communities, their forests, and farming lands. As a result, UAVs and drones are used for hassle free tasks. Such benefits drive the market growth.
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On the basis of resolution, the spatial segment dominated the growth in 2021 and is expected to continue this trend during the North America remote sensing services market forecast period. As it provides insightful information of satellite images and data captured form various spatial technologies such as global positioning system, geographic information systems (GIS), and remote sensing. In addition, organizations are integrating this solution to tackle various challenges faced by environmental and life sciences industries, majorly focusing on ecology, epidemiology, and geology.
Such benefits provide lucrative opportunities for the market growth. However, temporal segment is expected to witness the highest growth in the upcoming year. This is attributed to increase in number of space missions, rise in data temporal resolution, as well as free access data policy adopted for missions such as Landsat and Sentinel, further drive the growth of the North America remote sensing services industry.
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Post COVID-19, North America remote sensing services market size is estimated to grow from $9,294.90 million in 2022 and projected to reach $ 35,346.90 million by 2031, at a CAGR of 16.0%. The COVID-19 pandemic can contribute to trade changes. For instance, as coronavirus continues to sweep the region, many countries will recognize that their supply chains are dependent on others.
This report gives an in-depth profile of some key market players in the North America remote sensing services market, include Barracuda Network, Inc, Boeing Inc., Lockheed Martin Corporation., MAXAR, Radware Ltd., Satellite Imaging Corporation, SPECTIR, Terra Remote Sensing, The Airborne Sensing Corporation and The SANBORN MAP. This study includes market trends, North America remote sensing services market analysis, and future estimations to determine the imminent investment pockets.
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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