Remote sensing technology market Growing demand, growth

The global remote sensing technology market is expected to grow at a significant CAGR of 11.1% during the forecast period (2023-2030). The remote sensing technology market is driven by several factors, including the need for better resource utilization and management, the smart city trend, and the increasing use of Earth observation satellites. Remote sensing technology is an effective tool for monitoring and analyzing environmental changes such as deforestation, land use changes, retreating glaciers and air pollution. The increasing availability of Earth Observation (EO) data is driving an increasing number of companies into the downstream space sector, providing a diverse range of innovative services and applications.

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A microwave remote sensing satellite designed for comprehensive Earth observations. Its goals include the study of terrestrial ecosystems, solid soil deformation, dynamics of the mountain and polar cryosphere, sea ice behavior, and phenomena in coastal oceans, both at regional and global scales. For example, in November 2023, India and the United States will launch a joint microwave Earth observation remote sensing satellite. The satellite is called NISAR (NASA-ISRO Synthetic Aperture Radar). NISAR is ideally suited to study terrestrial ecosystems, solid earth deformation, mountain and polar cryosphere, sea ice and coastal oceans on regional and global scales.

Remote sensing technology allows you to collect data without physical contact with the observed object or area. These include wasteland mapping and monitoring, soil resource mapping, crop production forecasting, horticulture development, cropping systems analysis, precision agriculture and others. For example, in November 2022, China launched the Yaogan 34 remote sensing satellite. This remote sensing satellite can be used in areas such as land resources survey, urban planning, crop yield estimation, and disaster prevention and mitigation.

Modern agriculture is carried out on such a huge scale – with many farms covering thousands of acres – making satellite sensing a key means of collecting data at an affordable cost. For example, in March 2023, InnerPlant and Satellogic launched the first-ever device to detect signals from human-made crops. High-quality, high-resolution remote sensing images have enormous potential in critical human endeavors.

Market coverage

• Market number available for 2022-2030
• Base year – 2022
• Forecast period – 2023-2030
• Segment covered-
o By technology
o Through the platform
o By application
• Regions covered-
o North America
Europe
o Asia and the Pacific
oRest of the world
• Competitive landscape – includes Hexagon AB, L3Harris Technologies, Inc., Maxar Technologies, Remote Sensing Solutions GmbH, Trimble Inc. and other.

Key questions raised in the report

• What is the market growth rate?
• Which segment and region dominates the market in the base year?
• Which segment and region forecasts the fastest growth on the market?
• Who is the market leader?
• How do players overcome challenges to maintain growth?
• Where is the investment opportunity?

Global Remote Sensing Technology Market Report Segment

By technology

• Active detection
• Passive detection

Through the Platform

• Satellite
• Antenna systems

By application

• Agriculture and life resources
• Military and intelligence
• Disaster management
• Weather
• Other (Infrastructure)

Full report on the remote sensing technology market available @ https://www.omrglobal.com/industry-reports/remote-sensing-technology-market

Remote Sensing Technology Market Report Segments by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia and the Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the world

• Middle East and Africa
• Latin America

Company profiles

• AIRBUS SE
• Ball Company
• Climet Instruments company
• Esri
• European Space Agency
• General Dynamics Mission Systems, Inc.
• Hexagon AB
• Honeywell International Inc.
• Intermap Technologies
• L3Harris Technologies, Inc.
• Lockheed Martin Corp.

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