Press release
Remote Sensing Technology Market expected to reach USD 33.3 billion by 2030
In the contemporary digital landscape, the utilization of remote sensing technology has become increasingly prevalent, revolutionizing the acquisition of information about the Earth's surface and its physical characteristics. Remote sensing technology, which leverages reflected and emitted light from aircraft and satellites, has witnessed remarkable growth, shaping various industries and sectors. This article endeavors to provide a simplified overview of the Remote Sensing Technology market size, its growth trajectory, applications, and implications for businesses and society at large.
Market Size and Growth Trajectory:
Remote Sensing Technology Market Size was valued at USD 12.5 Billion in 2022. The Remote Sensing Technology market industry is projected to grow from USD 14.4 Billion in 2023 to USD 33.3 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.72% during the forecast period (2023 - 2030).. The market's expansion is primarily attributed to the increasing number of earth observation projects undertaken by numerous space agencies, alongside the surge in the adoption of remote sensing technology to monitor and mitigate the impact of the COVID-19 pandemic and environmental changes.
[PDF Brochure] Request for Sample Report:
https://www.marketresearchfuture.com/sample_request/2918
Key Companies in the Remote Sensing Technology market include,
Northrop Grumman Corporation
General Dynamics Corp
Honeywell Technology Solutions Inc.
Lockheed Martin Corporation
ITT Corp.
Lumasense Technologies, Inc.
Thales Group
Leica Geosystems Holdings AG
DigitalGlobe
Esri
Hexagon AB
Orbital Insight
Planet Labs Inc.
Raytheon Technologies Corporation
Teledyne Technologies
UrtheCast
NASA
Chia Tai
Key Growth Drivers:
The growth of the remote sensing technology market is propelled by several factors, including the escalating emphasis on earth observation projects, the need for disaster response and resilient infrastructure, and the increasing adoption of remote sensing technology for monitoring and forecasting environmental changes. Additionally, ongoing research endeavors aimed at enhancing remote sensing functionality and predicting areas prone to natural disasters, such as road-clogging after tropical cyclones, have contributed to the market's growth.
Buy Now Premium Research Report:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2918
Applications and Industry Verticals:
Remote sensing technology finds diverse applications across various industry verticals, including agriculture, environmental monitoring, disaster management, urban planning, forestry, and precision agriculture. The technology's capabilities have been extended by ongoing developments in satellite imagery, aerial photography, LiDAR (Light Detection and Ranging), and unmanned aerial vehicles (UAVs), enabling accurate geographic data analysis and vital insights into crop growth, water stress, and environmental monitoring.
Implications for Businesses and Society:
The ascendancy of the remote sensing technology market holds profound implications for businesses and society. Advanced satellite technology has led to improved data accuracy, boosting the reliability of remote sensing services and opening doors to new applications, such as disaster management, urban planning, and forestry monitoring. Governments increasingly deploy remote sensing technologies to enhance border and maritime security, while precision agriculture relies on remote sensing for crop monitoring, optimizing yields, and reducing environmental impacts. The expansion of satellite constellations has made remote sensing more accessible and cost-effective, further boosting demand and driving adoption across various sectors.
In conclusion, the remote sensing technology market's remarkable growth and widespread applications underscore its pivotal role in shaping the future of data acquisition, environmental monitoring, disaster response, and precision agriculture. As businesses and governments continue to leverage remote sensing technology for diverse applications, the market's trajectory is poised to influence various industry verticals and contribute to the advancement of data-informed decision-making and environmental conservation.
Access Complete Market Research Report:
https://www.marketresearchfuture.com/reports/remote-sensing-technology-market-2918
More MRFR's Reports:
Cellular M2M Market
https://www.marketresearchfuture.com/reports/cellular-m2m-market-10450
Advanced Persistent Threat Protection Market
https://www.marketresearchfuture.com/reports/advanced-persistent-threat-protection-market-10471
LTE & 5G Broadcast Market
https://www.marketresearchfuture.com/reports/lte-5g-broadcast-market-10528
Network Slicing Market
https://www.marketresearchfuture.com/reports/network-slicing-market-10624
Workplace Transformation Market
https://www.marketresearchfuture.com/reports/workplace-transformation-market-5248
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
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 Technology Market expected to reach USD 33.3 billion by 2030 here
News-ID: 3450383 • Views: …
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods…
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware…
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling…
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software…
More Releases for Remote
Global Remote Control Software Market Size, Share and Forecast By Key Players-Ae …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the Market Research Intellect, the global Remote Control Software market is projected to grow at a robust compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. Starting with a valuation of 10.41 Billion in 2024, the market is expected to reach approximately 20.77 Billion by 2031, driven by factors such as Remote Control Software and Remote Control Software. This significant growth underscores the…
Differences Between Smart TV Remote Controls and Traditional TV Remote Controls
As technology continues to advance, home entertainment devices are also constantly being updated and replaced. Smart TVs, as a common device in modern homes, have remote controls that are significantly different from those of traditional TVs. This article will explore the main differences between the two and analyze how these differences affect the user's viewing experience.
Functional Differences
Smart TV Remote Controls [https://www.stbremote.com/tv-remote-control/]
Smart TV remote controls typically integrate a variety of advanced…
Remote Jobs Review: Are Remote Jobs Really Good?
Remote work days are here as the concept applied by a traditional 9-to-5 office is fading from companies across all industries. It is no longer just a bonus these days; it has become a critical aspect of business for now and in the future. Remote work is the new future of work, from Silicon Valley startups to global corporations. What's driving this shift? Let's dive in.
The Tech Boom Fuels the…
Splendid Growth of Online Remote Proctoring (Remote Invigilation) Market 2023 to …
Online Remote Proctoring (Remote Invigilation) Market Analysis Overview 2023:
Online Remote Proctoring (Remote Invigilation) market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2019-2029. On the basis of historical data, Online Remote Proctoring (Remote Invigilation) market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of the market Online Remote Proctoring (Remote Invigilation) industry is…
AR Remote Collaboration Software AR Remote Collaboration Software
Global AR Remote Collaboration Software Market Report provides Market Size, Trends, forecast period with analysis of the market's historic and forecast growth, drivers and restraints affecting the market, and highlights of the opportunities that companies in the industry can take on. The AR Remote Collaboration Software research report examines the approach line of business. Also, the research survey studies market activities like drivers, new possibilities, insight, obstacles.
Download FREE Sample Report…
Remote Staff CEO Joins DTI-Hosted Webinar About Remote Work
On September 23, Remote Staff CEO Chris Jankulovski talked about the future of work during a webinar hosted by the Department of Trade and Industry (DTI). The webinar is part of an ongoing campaign to commemorate 75 years of diplomatic relations between the Philippines and Australia.
In the webinar, Chris discussed making remote work a permanent part of any business, diving deep into the reasons for going permanently remote, factors business…
