Product Code: GVR-4-68039-129-7
Remote Sensing Technology Market Growth & Trends:
The global remote sensing technology market size is expected to reach USD 42.64 billion by 2030, expanding at a CAGR of 11.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Remote sensing technology is used to detect and monitor land and weather characteristics by measuring the reflected sunlight and emitted radiation from a satellite or an aircraft. Cameras fitted on the satellite and the aircraft to collect the remotely sensed images, which help organizations observe and analyze the land and forecast weather accordingly. The market is primarily driven by rising investments in earth observation projects. For instance, in August 2020, Indian earth observation startup Pixxel announced it raised investments worth USD 5 million for a constellation of Earth observation satellites.
The growing adoption of precision farming is expected to augment the market growth over the forecast period. The technology is used to identify crop conditions, determine the soil content such as moisture, and estimate the crop production. The health of crops is determined using remote sensing technology to reduce fertilizer usage, which reduces additional costs incurred by farmers. Moreover, the COVID-19 pandemic outbreak has led to the demand for remote sensing technology to monitor and curb the spread of the virus. The technology also helps to keep track of population concentration, determine mobility patterns, and document environmental changes.
The market comprises a high degree of competition due to the presence of numerous companies operating at the global level. These companies are focusing on enhancing their product portfolio to maintain and increase their market share. For instance, in October 2019, Hexagon AB announced the launch of its Power Portfolio which includes the latest version of remote sensing, Geographic Information System (GIS), and cartography products. The new versions have machine learning capabilities that help users address big data management issues.
Remote Sensing Technology Market Report Highlights:
- The passive remote sensing segment is anticipated to expand at the fastest CAGR exceeding 12.8% over the forecast period owing to the rising adoption of passive sensor technology in earth observation satellites
- The military and intelligence segment held the largest market share of 31.7% in 2022. This share is attributed to the increasing usage of remote sensing technology for surveillance applications
- The aerial systems segment is projected to expand at the fastest CAGR of over 12.7% during the forecast period due to the growing usage of UAVs for research and exploration applications
- North America held the highest market share of 36.3% in 2022. This share is due to the increasing adoption of remote sensing technology in the U.S. for precision farming applications
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Technology
- 1.1.2. Application
- 1.1.3. Platform
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Technology outlook
- 2.2.2. Application outlook
- 2.2.3. Platform outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Remote Sensing Technology Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Remote Sensing Technology Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
- 3.4.2.4. Social landscape
Chapter 4. Remote Sensing Technology: Technology Estimates & Trend Analysis
- 4.1. Remote Sensing Technology Market: Key Takeaways
- 4.2. Remote Sensing Technology Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Active Sensing
- 4.3.1. Active sensing market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Passive Sensing
- 4.4.1. Passive sensing market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Remote Sensing Technology: Application Estimates & Trend Analysis
- 5.1. Remote Sensing Technology Market: Key Takeaways
- 5.2. Remote Sensing Technology Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Agriculture & Living Resources
- 5.3.1. Agriculture & living resources market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Military & Intelligence
- 5.4.1. Military & intelligence market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.5. Disaster Management
- 5.5.1. Disaster management market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.6. Infrastructure
- 5.6.1. Infrastructure market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.7. Weather
- 5.7.1. Weather market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.8. Others
- 5.8.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Remote Sensing Technology : Platform Estimates & Trend Analysis
- 6.1. Remote Sensing Technology Market: Key Takeaways
- 6.2. Remote Sensing Technology Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Satellite
- 6.3.1. Satellite market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.4. Aerial Systems
- 6.4.1. Aerial systems market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. Remote Sensing Technology Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Remote Sensing Technology Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. North America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. U.S. market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Canada market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. Europe market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.2. UK
- 7.4.2.1. UK market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.3. Germany
- 7.4.3.1. Germany market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.4. France
- 7.4.4.1. France market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.2. Japan
- 7.5.2.1. Japan market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.3. China
- 7.5.3.1. China market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.4. India
- 7.5.4.1. India market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.5. Australia
- 7.5.5.1. Australia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.6. South Korea
- 7.5.6.1. South Korea market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Latin America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6.2. Brazil
- 7.6.2.1. Brazil market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6.3. Mexico
- 7.6.3.1. Mexico market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. MEA market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Saudi Arabia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.3. South Africa
- 7.7.3.1. South Africa market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.4. UAE
- 7.7.4.1. UAE market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Maxar Technologies
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Esri.
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. General Dynamics Mission Systems, Inc.
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Hexagon AB
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Lockheed Martin Corporation.
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Orbital Insight
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Planet Labs PBC
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives