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Remote Sensing Technology Market Is Likely to Experience a Tremendous Growth by 2031

10-07-2024 10:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Remote Sensing Technology Market Is Likely to Experience

The global remote sensing technology market is anticipated to grow at a significant CAGR of 11.1% during the forecast period (2024-2031).  The remote sensing technology market is being driven by several factors, including the need for better resource utilization and management, the trend of smart cities, and the increasing adoption of earth observation satellites. Remote sensing technology is an effective tool for monitoring and analyzing environmental changes, such as deforestation, land-use changes, glacier retreat, and air pollution. The increasing availability of earth observation (EO) data results in a growing number of firms penetrating the "downstream" space sector, providing a diverse range of innovative services and applications.

Microwave remote sensing satellite designed for comprehensive Earth observation. Its objectives include studying land ecosystems, solid earth deformation, mountain and polar cryosphere dynamics, sea ice behaviour, and coastal ocean phenomena at both regional and global scales. For instance, in November 2023, India & the US to launch a joint microwave remote-sensing satellite for Earth observation. The satellite is named NISAR (NASA-ISRO Synthetic Aperture Radar). NISAR is highly suitable for studying the land ecosystems, deformation of solid earth, mountain and polar cryosphere, sea ice and coastal oceans on a regional to global scale.

Remote sensing technology allows for the collection of data without physical contact with the object or area being observed. These include wasteland mapping and monitoring, soil resources mapping, crop production forecasting, horticultural development, cropping system analysis, precision farming and others. For instance, in November 2022, China launched  Yaogan 34 remote-sensing satellite. This remote sensing satellite be used in areas such as land resources survey, urban planning, crop yield estimation, and disaster prevention and mitigation.

Modern farming taking place on such a vast scale - with many farms in the thousands of acres - makes satellite detection a critical way to collect data affordably. For instance, in March 2023, InnerPlant and Satellogic launched the first-ever device for detecting human-made crop signals from space. High-resolution, high-quality remote-sensing imagery holds tremendous potential for critical human endeavours.

To Request a Sample of our Report on Remote Sensing Technology Market:  https://www.omrglobal.com/request-sample/remote-sensing-technology-market

Market Coverage

The market number available for - 2024-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Technology
By Platform
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Hexagon AB, L3Harris Technologies, Inc., Maxar Technologies, Remote Sensing Solutions GmbH, Trimble Inc., and others.

Remote Sensing Technology Market Report Segment

By Technology

Active Sensing
Passive Sensing

By Platform

Satellite
Aerial Systems

By Application

Agriculture & Living Resources
Military & Intelligence
Disaster Management
Weather
Others (Infrastructure)

A full Report of Remote Sensing Technology Market is Available @ https://www.omrglobal.com/industry-reports/remote-sensing-technology-market

Company Profiles

AIRBUS SE
Ball Corp.
Climet Instruments Company
Esri
European Space Agency
General Dynamics Mission Systems, Inc.
Hexagon AB
Honeywell International Inc.
Intermap Technologies
L3Harris Technologies, Inc.
Lockheed Martin Corp.
Migration Corp.
Orbital Insight
Planet Labs PBC
Remote Sensing Solutions GmbH
Remote Sensing Technology Centre of Japan

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/remote-sensing-technology-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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