Remote Sensing Technology Market
Remote Sensing Technology Market Size, Share & Trends Analysis Report by Technology (Active Sensing and Passive Sensing), by Platform (Satellite and Aerial Systems), and by Application (Agriculture & Living Resources, Military & Intelligence, Disaster Management, Weather and Others), Forecast Period (2023-2030)
Remote sensing technology market is anticipated to grow at a significant CAGR of 11.1% during the forecast period (2023-2030). The growing adoption of futuristic disaster management and monitoring solutions is the key factor supporting the growth of the market globally. Drought is one of the most threatening natural hazards owing to its creeping and invasive nature, which proliferates existing systemic vulnerabilities, creates new risks and consequentially manifests as multi-dimensional hindrances to the objective of sustainable development. The market players are also focusing on introducing the use of complex remote sensing data for this kind of application further bolster the market growth. For instance, in September 2022, International Water Management Institute (IWMI) launched the South Asia Drought Monitoring System (SADMS). A next-generation South Asia Drought Monitoring System (SADMS), developed by (IWMI) in a close partnership with the Indian Council of Agricultural Research (ICAR) is aimed at addressing the existing and potential challenges to drought management and at providing a framework for proactive drought mitigation measures across nations in South Asia.
Segmental Outlook
The global remote sensing technology market is segmented on the technology, platform, and application. Based on the technology, the market is sub-segmented into active sensing and passive sensing. Based on the platform, the market is sub-segmented into satellite and aerial systems. Further, on the basis ofapplication, the market is sub-segmented into agriculture & living resources, military & intelligence, disaster management, weather and others. Among the platforms, the satellite sub-segment is anticipated to hold a considerable share of the market owing to the rise in applications such as agriculture, land use mapping and monitoring, disaster management, climate monitoring, urban planning, weather forecasting, forest mapping, water management, mining and others.
Disaster Management Sub-Segment is Anticipated to Hold a Considerable Share of the Global Remote Sensing Technology Market
Among the applications, the disaster management sub-segment is expected to hold a considerable share of the global remote sensing technology market. The segmental growth is attributed to the growing influence of remote sensing technology in disaster management including areas such as flooding, cyclones, drought, earthquakes and tsunami. Satellite remote sensing is largely adoptedowing to its cost-effectiveness, short temporal orbiting and a large area of coverage. For instance, in August 2023, The Hong Kong University of Science and Technology (HKUST) launched a multispectral optical satellite at the Jiuquan Satellite Launch Center in Gansu with Chang Guang Satellite Technology Company Ltd. The satellite “HKUST-FYBB#1” used for tracking remote sensing data related to global environment, disaster and sustainable development.
Regional Outlook
The global remote sensing technology market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to exhibit highest CAGR in the global market, owing to the increasing adoption of earth observation for infrastructure development applications.
Global Remote Sensing Technology Market Growth, by Region 2023-2030
North America Held Considerable Share in the Global Remote Sensing Technology Market
Among all regions, the North America held considerable share in the global remote sensing technology market. The growing adoption of remote sensing to collect data of dangerous or inaccessible areas is contributing to the regional market share. For instance, in May 2022, Maxar Technologies announced that the National Oceanic and Atmospheric Administration (NOAA) has modified Maxar’s remote sensing license to enable the non-Earth imaging (NEI) capability for its current constellation on orbit as well as its next-generation WorldView Legion satellites. The key market players include Maxar Technologies, Planet Labs PBC, Ball Corp., Trimble Inc., L3Harris Technologies, Inc. and Others.
Market Players Outlook
The major companies serving the remote sensing technology market include Hexagon AB, L3Harris Technologies, Inc., Maxar Technologies, Remote Sensing Solutions GmbH, Trimble Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Axelspace Corp. partnered with Remote Sensing Technology Center of Japan (RESTEC) to distribute Earth Observation Data in AxelGlobe, the next-generation optical Earth observation platform covering the globe. Emerging needs include remote monitoring of supply chains and environmental monitoring in order to contribute to SDGs and respond to ESG requirements.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global remote sensing technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. L3Harris Technologies, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Maxar Technologies, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Trimble Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Remote Sensing Technology Market by Technology
4.1.1. Active Sensing
4.1.2. Passive Sensing
4.2. Global Remote Sensing Technology Market by Platform
4.2.1. Satellite
4.2.2. Aerial Systems
4.3. Global Remote Sensing Technology Market by Application
4.3.1. Agriculture & Living Resources
4.3.2. Military & Intelligence
4.3.3. Disaster Management
4.3.4. Weather
4.3.5. Others (Infrastructure)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AIRBUS SE
6.2. Ball Corp.
6.3. Climet Instruments Company
6.4. Esri
6.5. European Space Agency
6.6. General Dynamics Mission Systems, Inc.
6.7. Hexagon AB
6.8. Honeywell International Inc.
6.9. Intermap Technologies
6.10. L3Harris Technologies, Inc.
6.11. Lockheed Martin Corp.
6.12. Migration Corp.
6.13. Orbital Insight
6.14. Planet Labs PBC
6.15. Remote Sensing Solutions GmbH
6.16. Remote Sensing Technology Center of Japan
1. GLOBAL REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
2. GLOBAL ACTIVE REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL PASSIVE REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
5. GLOBAL REMOTE SENSING SATELLITE TECHNOLOGY MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
6. GLOBAL REMOTE SENSING AERIAL SYSTEMS TECHNOLOGY MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
7. GLOBAL REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
8. GLOBAL REMOTE SENSING TECHNOLOGY FOR AGRICULTURE & LIVING RESOURCES MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
9. GLOBAL REMOTE SENSING TECHNOLOGY FOR MILITARY & INTELLIGENCE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
10. GLOBAL REMOTE SENSING TECHNOLOGY FOR DISASTER MANAGEMENT MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
11. GLOBAL REMOTE SENSING TECHNOLOGY FOR WEATHER MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
12. GLOBAL REMOTE SENSING TECHNOLOGY FOR OTHERS APPLICATION MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
13. GLOBAL REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
16. NORTH AMERICAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
17. NORTH AMERICAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
18. EUROPEAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. EUROPEAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
20. EUROPEAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
21. EUROPEAN REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
22. ASIA- PACIFIC REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
26. REST OF THE WORLD REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. REST OF THE WORLD REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
28. REST OF THE WORLD REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2022-2030 ($ MILLION)
29. REST OF THE WORLD REMOTE SENSING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL REMOTE SENSING TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2022 VS 2030 (%)
2. GLOBAL ACTIVE REMOTE SENSING TECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL PASSIVE REMOTE SENSING TECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL REMOTE SENSING TECHNOLOGY MARKET SHARE BY PLATFORM, 2022 VS 2030 (%)
5. GLOBAL REMOTE SENSING SATELLITE TECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL REMOTE SENSING AERIAL SYSTEMS TECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL REMOTE SENSING TECHNOLOGY MARKET SHARE ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
8. GLOBAL REMOTE SENSING TECHNOLOGY FOR AGRICULTURE & LIVING RESOURCES MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL REMOTE SENSING TECHNOLOGY FOR MILITARY & INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL REMOTE SENSING TECHNOLOGY FOR DISASTER MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL REMOTE SENSING TECHNOLOGY FOR WEATHER MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL REMOTE SENSING TECHNOLOGY FOR OTHERS APPLICATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL REMOTE SENSING TECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. US REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
15. CANADA REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
16. UK REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
17. FRANCE REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
18. GERMANY REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
19. ITALY REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
20. SPAIN REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF EUROPE REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
22. INDIA REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
23. CHINA REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
24. JAPAN REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
25. SOUTH KOREA REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD REMOTE SENSING TECHNOLOGY MARKET SIZE, 2022-2030 ($ MILLION)
