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Remote Sensing Services Market worth $41.72 billion by 2030, growing at a CAGR of 9.84% - Exclusive Report by 360iResearch
Remote Sensing Services Market | 360iResearch
The Global Remote Sensing Services Market to grow from USD 21.62 billion in 2023 to USD 41.72 billion by 2030, at a CAGR of 9.84%.
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Remote sensing services refer to collecting and analyzing data regarding an object or environment from a distance, typically from aircraft or satellites. These services leverage various sensing technologies, including photographic, infrared, radar, and LiDAR systems. The data obtained through these technologies are processed and analyzed to extract useful information for applications in numerous fields, such as agriculture, forestry, environmental monitoring, urban planning, defense, and disaster management. The growing demand for precision agriculture and the need for resource management and urban planning due to global urbanization stimulate market growth. Moreover, rising investments in several military and commercial satellite programs contribute to market expansion. Concerns regarding interoperability and the absence of skilled professionals remain significant constraints. Uncertainty in satellite estimates due to errors and inadequate ground observations challenges remote sensing data's accuracy and reliability. Increasing adoption of big data analytics in remote sensing solutions for handling large datasets presents the potential for growth. In addition, the growing potential of remote sensing services across the transportation and logistics sector is expected to create growth opportunities in the remote sensing services market.
The United States and Canada are recognized for their high adoption rate of satellite and aerial imaging technologies across diverse applications, such as agriculture, mining, and environmental monitoring. In South America, Brazil stands out with a focus on forest and agricultural land monitoring. The EMEA region presents a complex and varied remote sensing services environment owing to its diverse geographical and political landscape. Europe has invested considerably in Earth observation programs, such as the Copernicus Programme, serving various end-users in maritime and urban planning sectors. The Middle Eastern markets, with countries such as the United Arab Emirates, focus heavily on satellite remote sensing for urban development and resource management. The Asia-Pacific region is witnessing rapid growth in the remote sensing services sector, with countries including China, India, Japan, South Korea, and Australia playing critical roles. The increasing demand for remote sensing in China and India is driven by governmental and commercial needs, encompassing territory surveillance, disaster response, and natural resource management. The diverse climatic challenges in the region caused by monsoons and typhoons present unique opportunities for remote sensing services to aid in effective management and mitigation strategies.
Market Segmentation & Coverage:
This research report categorizes the Remote Sensing Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Platform, market is studied across Ground, Manned Aircraft, Satellite, and UAVs. The Satellite commanded largest market share of 39.25% in 2023, followed by Ground.
Based on Type, market is studied across Aerial Photography & Remote Sensing and Data Acquisition & Analytics. The Aerial Photography & Remote Sensing commanded largest market share of 56.30% in 2023, followed by Data Acquisition & Analytics.
Based on Resolution, market is studied across Radiometric, Spatial, Spectral, and Temporal. The Spatial commanded largest market share of 37.82% in 2023, followed by Radiometric.
Based on Technology, market is studied across Active and Passive. The Passive commanded largest market share of 57.03% in 2023, followed by Active.
Based on Application, market is studied across Academic & Research, Agriculture, Building & Construction, Defence & Security, Energy & Utilities, Environmental & Weather, Insurance, Maritime, Telecommunication, and Transportation & Logistics. The Environmental & Weather commanded largest market share of 14.14% in 2023, followed by Maritime.
Based on End-User, market is studied across Commercial and Military & Government. The Commercial commanded largest market share of 58.04% in 2023, followed by Military & Government.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.79% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Remote Sensing Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Remote Sensing Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Remote Sensing Services Market, highlighting leading vendors and their innovative profiles. These include Aerodyne Group, Airbus SE, Al Yah Satellite Communications Company PJSC, Albo Climate, Antrix Corporation Limited, Argeo AS, AXIS GeoSpatial LLC by Surveying And Mapping, LLC, BAE Systems PLC, Capella Space Corp., Chang Guang Satellite Technology Co., Ltd., Chloris Geospatial Inc., CIBO Technologies, Inc., Cyberhawk Innovations Limited, CyberSWIFT LLC, Cyient Limited, Descartes Labs, Inc., DNV AS, Environmental Systems Research Institute, Inc., Field Group, Fototerra Aerial Survey LLC, GAMMA Remote Sensing AG, General Dynamics Corporation, geoSYS, GHGSat Inc., HawkEye 360, Inc., Hexagon AB, Leaf Space S.r.l., Lockheed Martin Corporation, LVM GEO, Mallon Technology, Maxar Technologies Holdings Inc., NEC Corporation, New Space Intelligence Inc., Northrop Grumman Corporation, NV5 Geospatial Solutions, Orbital Insight, Inc., Planet Labs PBC, PlanetiQ, Polosoft Technologies Pvt Ltd., Raynas Infra & Geomatics Services Pvt. Ltd., Remote Sensing Solutions GmbH, Satellite Imaging Corporation, Satellogic Inc., Satelytics, Inc., SatSure Analytics India Pvt Ltd., Schnell Informatics Pvt. Ltd., SkyWatch Space Applications Inc., Slingshot Aerospace, Inc., SpecTIR, Spire Global, Inc., Stantec Inc., Syecomp Ltd., Terra Remote Sensing Inc., Terravision Exploration Ltd, Thales S.A., The Airborne Sensing Corporation, The Sanborn Map Company, Inc., Trimble Inc., Umbra Lab Inc., UP42 GmbH, Wilson & Company, Inc., and Xplore.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Remote Sensing Services Market, by Platform
7. Remote Sensing Services Market, by Type
8. Remote Sensing Services Market, by Resolution
9. Remote Sensing Services Market, by Technology
10. Remote Sensing Services Market, by Application
11. Remote Sensing Services Market, by End-User
12. Americas Remote Sensing Services Market
13. Asia-Pacific Remote Sensing Services Market
14. Europe, Middle East & Africa Remote Sensing Services Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Remote Sensing Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Remote Sensing Services Market?
3. What is the competitive strategic window for opportunities in the Remote Sensing Services Market?
4. What are the technology trends and regulatory frameworks in the Remote Sensing Services Market?
5. What is the market share of the leading vendors in the Remote Sensing Services Market?
6. What modes and strategic moves are considered suitable for entering the Remote Sensing Services Market?
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