The global Remote Sensing Services Market size was valued at USD 16.19 Billion in 2021 and is projected to reach USD 47.13 Billion by 2030, also is growing at a CAGR of 14.31% from 2022 to 2030.
Remote Sensing Services Market Overview:
Remote sensing services play an important role in observing and analyzing information in remote areas through airborne vehicles, satellites and ground-based equipment. Remote sensing services provide evidence and data for system upgrades for turnkey solutions. Remote sensing services solutions have applications such as open water mapping, soil moisture mapping, land surface movement, digital elevation models, land cover and land use maps, data stitching and satellite maps, geological and mineral resources, urban and rural development, disaster management support and Climate Change Research.
The remote sensing services market is expected to grow as remote sensing is an efficient and flexible way of collecting data remotely without any physical intervention. Remote sensing services play an important role in meeting local requirements for efficient use of technology. Companies in the remote sensing services market are innovating in commercial exploration of space products, technology advisory services, technology transfer, and promotion of space-related industrial capabilities.
Remote Sensing Services market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Remote Sensing Services market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Remote Sensing Services market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Remote Sensing Services Market Dynamics and Growth Factors:
Drivers: Geospatial imagery analysis has made significant progress with the introduction of artificial intelligence and big data
Artificial intelligence (AI) is the simulation of human intelligence by machines, especially computer-based systems, to perform tasks quickly and with minimal error. Likewise, deep learning is the ability of computers to recreate processes or tasks that the human brain can perform. With advances in geospatial technology, the frequency and volume of data collection has increased exponentially. A major challenge faced by businesses of all kinds across the globe is managing large volumes of data. With artificial intelligence and deep learning, machines can process gigabytes of satellite data and provide useful insights.
Artificial intelligence and deep learning are not only being used in various industries such as healthcare, finance, advertising, retail, manufacturing, and transportation to quickly perform various tasks, but they are also changing these industries. Satellite data service providers such as Digital Globe (Maxar Technologies) and Planet Labs make extensive use of artificial intelligence and deep learning to process large volumes of satellite imagery to automatically identify objects and patterns. Planet Labs has a dedicated machine learning solution called Planet Analytics, which uses algorithms to process everyday satellite imagery and detect and classify objects.
Limitations: Liability Issues Related to Drone Operations and Services
Unmanned Aerial Vehicles (UAVs) are being adopted by numerous commercial and home industries such as media and entertainment, transportation, logistics and warehousing. However, they can encounter misdriving and technical difficulties and land on public buildings, vehicles and people parked in the open, causing damage to property or causing civilian casualties. Since drones share airspace with aircraft, they can hinder large commercial aircraft from taking off or landing. While malicious actions can lead to the worst of what is usually expected, accidental or careless actions can also result in considerable damage.
Opportunity: Need for real-time data
Real-time data is an end-to-end solution that ensures that the supply of information matches the end user's ability to intervene. Decision makers need up-to-date environmental information to manage natural resources more effectively. Combined with geographic information systems (GIS), remote sensing data can provide useful environmental information related to crops, forest conditions, coastal areas, natural disasters, and urban development. However, to generate such information, users need efficient and timely access to data sources. EO provides the latest observations for a region of interest.
Resource managers and other end users need relevant information in the decision-making process. Satellite remote sensing provides timely and reliable information in the correct format. Modern applications with strong (near) real-time requirements are considered best suited to provide comprehensive monitoring combined with quality information for decision-making.
Industry News and Key Developments
- In June 2022, Planet Labs, Inc. and Bayer AG signed a contract where Planet Labs will provide SkySat data and professional services to Bayer to create collaborative solutions that help optimize seed production, improve supply chain efficiency and support sustainable agriculture.
- In April 2022, Maxar Technologies announced its strategic investment in Blackshark.ai, one of the leading providers of AI-powered geospatial analytics services. The partnership represents Maxar’s commitment to innovation within its 3D Earth Intelligence product portfolio.
- In December 2021, Maxar Technologies announced contract extensions with three long-standing international defense and intelligence customers. The three agreements worth more than USD 100 million and extend customers’ ability to directly task and download 30 cm-class satellite imagery to their ground stations from Maxar’s current constellation under Maxar’s Direct Access Program.
- In June 2021, The UK Royal Navy awarded a 12-month contract to Airbus covering the continued provision of satellite-based maritime surveillance services for the Joint Maritime Security Centre (JMSC).
Top Key Players include in the Remote Sensing Services Market are
Antrix Corporation (India), DigitalGlobe (US), EKOFASTBA (Spain), Geo Sense (Malaysia), Mallon Technology (UK), Remote Sensing Solutions (Germany), SpecTIR (US), Satellite Imaging (US), Terra Remote, and others.
The Remote Sensing Services market research report is categorized based on type, applications and region.
On the Basis of Type:
On the Basis of Application:
- Defense Organizations
- Homeland Security Agencies
- Energy & Power
- Media & Entertainment
- Weather Forecasting
- Scientific Research
On the Basis of Region:
Geographically, the global Remote Sensing Services market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Remote Sensing Services region is dominating this market in the upcoming future.
North America dominates the remote sensing software market, owing to rapidly growing need to address academic and applied archaeological as well as anthropological research problems using the innovative archaeological remote sensing solutions. In addition to this, the recent advances in satellite-based remote sensing are providing new growth opportunities for the market in North America for insurance design and predictive analytics. However, Asia-Pacific region is expected to observe highest growth rate during the remote sensing software market forecast period as the rapid population growth, urban development, poverty, deforestation, and land degradation in this region is causing degradation of natural resources and deterioration of environmental quality which is leading to the need of reliable & timely information for sustainable management of natural resources as well as for environmental protection. Moreover, China and India are representing huge population along with the fast-growing economies and relatively low level of geospatial technologies adoption at present; hence, generating numerous opportunities for the remote sensing software market.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- The Netherlands
- Nordic Countries
- Benelux Union
- Rest of Europe
- Rest of Southeast Asia
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Remote Sensing Services Market report scope
CAGR of 14.31% during the forecast period.
Spatial, Spectral, Radiometric, Temporal
Defense, Defense Organizations, Homeland Security Agencies, Commercial, Agriculture, Energy & Power, Media & Entertainment, Weather Forecasting, Scientific Research
Antrix Corporation (India), DigitalGlobe (US), EKOFASTBA (Spain), Geo Sense (Malaysia), Mallon Technology (UK), Remote Sensing Solutions (Germany), SpecTIR (US), Satellite Imaging (US), Terra Remote
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Remote Sensing Services market?
Who are the key vendors of the global Remote Sensing Services market?
What are the leading key industries of the global Remote Sensing Services market?
Which factors are responsible for driving the global Remote Sensing Services market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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