Global Remote sensing services market size stood at 32,951 billion in the year 2021, is set to grow at CAGR 9.2% and market value to reach USD 71,425 million by 2030, as per market research firm Acumen Research and Consulting.
Our research of the remote sensing services market indicates that the expansion of earth’s observation programs is driving market expansion. The growing demand in cloud computing sector is one of the key trends in the remote sensing services market. Another development that is increasing the revenue of the remote sensing market globally is the rapid development of remote sensing technology.
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Dynamics of the Remote sensing services market
One major element driving up the value of the remote sensing services market is the rapid expansion of defence as well as in applications for the homeland security. The advancement of remote sensing technologies has given the armed forces access to vital intelligence data. Spy satellites routinely collect high-resolution satellite data during times of peace to keep track of adversary forces' technological development and purchase of cutting-edge weapons. With these satellites, there isn't any privacy, and wealthy countries have made considerable use of remote sensing technologies to keep an eye on nuclear installation construction operations. International organizations which coordinate efforts to stop the use of the nuclear energy for harmful purposes are alerted to these.
Another factor driving the growth of the remotely sensed services market is the rapid use of these solutions for ecological risk management. Applications for environmental management and planning using remote sensing are numerous. The broad categories which cover a variety of analyses, including measuring ocean temperature, observing shoreline changes, following the effect of natural calamities, as well as mapping of the wildlife habitats, include hazard assessments, coastal applications, natural resource management and ocean applications. The prediction and planning of water and land resources are aided by all of these assessments.
Regional Remote sensing services market overview
The North America made up for the largest Remote sensing services regional markets in terms of revenue, this is due to major players like Raytheon Technologies Corp, General Dynamics Mission Systems and Lockheed Martin Corporation
The Asia-Pacific region is expected to grow at the fastest rate over the forecast period. Rising economic growth as well as tremendous increase in investment in applications for earth observation in infrastructure construction in countries like China, Japan and India.
Key Remote Sensing Services Market players
- DigitalGlobe Radiant (RadiantBlue Technologies)
- ANTRIX CORPORATION LIMITED
- @EKOFASTBA
- GEOSENSE
- Hexagon Manufacturing Intelligence
- General Dynamics Mission Systems (General Dynamics)
- Lockheed Martin
- Mallon Technology
- Stantec
- Remote Sensing Solutions GmbH
- Satellite Imaging Corporation
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