Remote Sensing Data and Services Market is Growing Rapidly with Recent Trends, Demand, Development, Revenue and Forecast Till 2029

Remote Sensing Services Market Overview

The global Remote Sensing Services market is expected to grow at significant rate in the forecast period. One of the most important reasons driving the growth of the remote sensing services market is the increasing use of remote sensing services in defence and commercial applications. In addition, the use of Big Data analytics in remote sensing and the expansion of the cloud computing market are expected to boost demand for remote sensing services. Eventually it boosts the growth of the global Remote Sensing Services market.

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On the downside, factors such as interoperability issues and huge initial investments are acting as restraints to the growth of the Remote Sensing Services market

Covid-19 Impact on Remote Sensing Services Market

As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.

Remote Sensing Services Market Segment Overview

Based on platform, the Satellites segment is anticipated to lead the global Remote Sensing Services market during the forecast period. The growth of the satellites segment can be mainly attributed to the augmented demand for Earth observation satellites to obtain valuable information for mapping, mineral exploration, land-use planning, resource management, and other activities. Moreover, these satellites provide data in spatial, temporal, and spectral resolutions to provide to several application requirements.

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Remote Sensing Services Market, By Platform

• Satellites
  • Earth Observation
  • Telecommunication
  • Meteorology
  • Mapping & Navigation
  • Others
• UAVs
  • Precision Farming
  • 3D Terrain Model Construction
  • Damage Assessment
  • Pipeline Monitoring
  • Geohazard Mapping
  • Mineral Exploration
  • Defense and Intelligence
  • Others
• Manned Aircraft
  • Mineral Exploration Mapping
  • Coastal Analysis
  • Precision Farming
  • Pipeline Monitoring
  • Disaster Management
  • Defense and Intelligence
  • Others
• Ground

Remote Sensing Services Market, By Resolution

·       Spatial
·       Spectral
·       Radiometric
·       Temporal

Remote Sensing Services Market, By End User

• Defense
  • Defense Organizations
  • Homeland Security Agencies
• Commercial
  • Energy & Power
  • Agriculture
  • Weather Forecasting
  • Scientific Research
  • Media & Entertainment
  • Others

Remote Sensing Services Regional Overview

In terms of region, North America led the Remote Sensing Services market. This is due to the growing demand for remote sensing services in many sectors, such as oil & gas, mineral exploration, agriculture, energy & power, earth observation, search & rescue, weather forecasting, scientific research, forest industry, and oceanography. On the other hand, the market in the Asia Pacific region is anticipated to grow at the highest CAGR in the forthcoming years. This is because of high demand for remote sensing services in numerous applications, such as precision farming, 3D terrain model construction, damage assessment, pipeline monitoring, geohazard mapping, mineral exploration, and defense and intelligence.

Remote Sensing Services Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Remote Sensing Services Market, Key Players

·       Antrix Corporation
·       DigitalGlobe
·       EKOFASTBA
·       Geo Sense
·       Mallon Technology
·       Remote Sensing Solutions
·       Satellite Imaging Corporation

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