Remote Sensing Services Market worth $26.6 billion by 2027 - Exclusive Report by MarketsandMarkets™

News provided by

29 Sep, 2022, 11:45 GMT

CHICAGO, Sept. 29, 2022 /PRNewswire/ -- Remote Sensing Services Market is projected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027 at a CAGR of 14.9 %, according to a new report by MarketsandMarkets™. Remote sensing is gathering data about target objects that are not in direct contact with sensors. The sensors collect data through inputs using electromagnetic radiation or acoustical waves emitted by target objects. Remote sensing services include technical training for analysis, wherein service providers process and analyze the collected data for commercial and defense users and impart training to customers for equipment and operational knowledge.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87605355

Browse in-depth TOC on "Remote Sensing Services Market"

279 – Tables
48 – Figures
291 – Pages

Based on Application, Agriculture segment is estimated to be the fastest growing market

According to an article published by Gamaya, 37% of the planet is used for agriculture. Maintaining and improving efficiency in agriculture is one of the most overlooked challenges that humanity will face in the coming decades. As the population continues to grow, much of the world will depend increasingly on effective agriculture to output more resources that the world relies on.

The use of remote sensing systems such as satellites, UAVs, manned aircraft for precision agriculture can improve the yield per field using data-driven tools to monitor the health of crops. Satellite imagery can be used to provide a day-to-day analysis of crop status, enabling farmers to use remote sensing methods to identify problematic regions, optimize the application of nitrogen to the soil based on biomass assessment during multiple crop seasons, optimize water schedules, and run large-scale experiments.

Crop growth monitoring allows farmers to analyze fields, detect abnormalities, and track crop health in near-real-time capability. Satellite imagery helps farmers gain a time series vegetation analysis to better respond to changes in a crop lifecycle.

Based on platform, satellite segment is the largest

The potential application of a satellite remote sensing system to a specific field depends on the characteristics of the systems, such as the spatial, spectral, and temporal resolution of the onboard sensor. High spatial resolution is required for topographic mapping for relatively small areas. Likewise, high spectral resolution is crucial for precisely distinguishing between conditions of objects. Temporal resolution is important for repetitive observations, such as environmental monitoring.

Satellite remote sensing services are driven by the private sector's investments in satellite imagery, growing mineral exploration, and the growing use of imagery data in a wide range of commercial and defense applications.

Satellites owned by private companies have played an unexpectedly important role in the war in Ukraine. For example, in early August 2022, images from the private satellite company, Planet Labs, showed that (opens in new tab) a recent attack on a Russian military base in Crimea caused more damage than Russia had suggested in public reports.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=87605355

Asia Pacific likely to emerge as the fastest growing Remote Sensing Services market

The region is anticipated to be the fastest-growing market for remote sensing services. Geospatial analysis programs use raw remote sensing imagery and derive insights from it. Over the past decade, geospatial technologies have been used for rural and agricultural development in this region. Companies operating in various verticals, such as energy & power, engineering & infrastructure, agriculture, transportation & logistics, and maritime, use geospatial technologies to identify potential markets to enhance their growth prospects and undertake strategic decisions.

Geospatial imagery analytics play a crucial role in the agriculture sector, especially in India. Geospatial technologies assist in surveying and mapping crop plantations, increasing yield, optimizing resources, minimizing agricultural risks due to plant pests and climate variances, and improving farming practices.

Apart from the agriculture sector, these geospatial solutions are also utilized for city planning and development projects, thereby contributing to the growth of the remote sensing services market in the Asia Pacific region. For many years, Asia Pacific has been a region of great interest for renowned national space agencies.

Maxar technologies (US), Planet Labs PBC (US), L3 Harris Technologies (US), Airbus SE (Netherlands), Trimble, Inc. (US) are the key players in the global Remote Sensing Services market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=87605355

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Satellite Data Services Market by Vertical (Energy & Power, Engineering & Infrastructure, Environmental & Weather, Agriculture, Transportation & Logistics, Insurance), Service (Image Data, Data Analytics), End-Use, Region (2021-2026)

Drone Services Market by Type (Platform Service, MRO, and Training & Simulation), Application, Industry, Solution (End-to-End, Point), and Region (North America, Europe, Asia Pacific, Middle East, and Row) (2021-2026)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/remote-sensing-services-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/remote-sensing-services.asp