Remote Sensing Technologies and Global Markets

Report Code: IAS022G

Publish Date: Oct 2023

Publisher: BCC Publishing

Category: Instruments

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Report Highlights

The global remote sensing technologies market reached $13.1 billion in 2022, should reach $14.7 billion by 2023 and $27.1 billion by 2028 with a compound annual growth rate (CAGR) of 12.9% during the forecast period of 2023-2028.

Report Includes

  • 31 data tables and 27 additional tables
  • An overview of the global market for remote sensing technologies
  • Estimate of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projection of CAGR through 2028
  • Analyses of the market potential for remote sensing technologies based on technology, platform, application and region
  • Analysis of the market's dynamics, including growth drivers and inhibitors, and opportunities, and insights into the regulatory environments impacting the market
  • Examination of environmental, social and corporate governance (ESG) developments, a relevant patent analysis; and coverage of the mergers and acquisitions (M&A), venture fundings and emerging technologies in the global market
  • Company profiles of major players within the industry, including BlackSky Global, Maxar Technologies Inc., Planet Labs Inc., and Hexagon

Report Scope

The current report includes a comprehensive analysis of different platforms such as satellites, airborne, and others (terrestrial and aquatic). Further, the market covers applications and potential areas in which companies can invest.

In addition to highlighting the current and future market potential for remote sensing technologies, this report also analyzes the competitive environment, regulatory landscape, drivers, restraints, opportunities, and trends. Market projections from 2023 through 2028 are included, along with a study of key market players.

For market estimates, data were provided for 2022 as the base year, with forecasts for 2023 through 2028. Estimated values are based on revenue from remote sensing technologies companies as total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $13.1 billion
Market size forecast $27.1 billion
Growth rate CAGR of 12.9% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered Platform, Application
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Mexico, Canada, France, Germany, Italy, U.K., Rest of Europe, China, India, Japan, Rest of Asia-Pacific
Key Market Drivers
  • Increasing Investment by International Governments
  • Increasing Number of Earth Observation Satellites
  • Rapid Expansion of Remote Sensing and GIS
Companies studied
AIRBUSBLACKSKY
DESCARTES LABS INC.ESRI
HEXAGON ABIMAGESAT INTERNATIONAL N.V.
MAXAR TECHNOLOGIES INC.PLANET LABS INC.
REMOTE SENSING SOLUTIONSTHALES
TRIMBLE INC.URTHECAST CORP.
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Frequently Asked Questions (FAQs)

The global remote sensing technologies market was valued at $13.1 billion in 2022 and will reach $27.1 billion by 2028.
The remote sensing technologies market is growing rapidly due to several factors, including government investment, the rising demand for the agriculture sector, and the growing adoption of advanced technologies.
  • Platform
  • Application
  • Region
Infrastructure applications dominated the market and are expected to reach $5.2 billion by 2028.
North America holds the highest market share in the market in terms of region.

Analyst Credentials

Harsh Goyal– Associate Consultant – Technology Research
Harsh Goyal is an experienced market research professional with more than seven years of industry experience in research and analysis, specializing in healthcare, finance & technology. He has worked in multiple domains such as ICT, energy, automotive, defense and others. Academically, Harsh holds a master’s degree in Finance and Marketing and a bachelor’s degree in Commerce (Economics).

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Remote Sensing Technologies and Global Markets90Free
Chapter- 1: Introduction6Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market Overview5Free
Chapter- 4: Market Dynamics 4Free
Chapter- 5: Global Remote Sensing Technologies Market by Platform6Free
Chapter- 6: Global Remote Sensing Technologies Market by Application9Free
Chapter- 7: Global Remote Sensing Technologies Market by Region10Free
Chapter- 8: Environmental, Social and Governance (ESG) Developments7Free
Chapter- 9: Emerging Technologies and Developments3Free
Chapter- 10: Patent Analysis2Free
Chapter- 11: Venture Funding Outlook5Free
Chapter- 12: Competitive Intelligence3Free
Chapter- 13: Company Profiles26Free
Chapter- 14: Appendix1Free
Published - Dec-2018| Analyst - Michael Sullivan| Code - IAS022F

Report Highlights

The global market for remote sensing is expected to increase from $11.3 billion in 2018 to $18.9 billion in 2023 at a compound annual growth rate (CAGR) of 10.7% for 2018-2023.

Report Includes

  • An overview of the global market for remote sensing technologies
  • Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
  • A look at the major remote sensing platforms, key remote sensing instruments, and applications accounting for the bulk of the industry
  • Discussion about remote sensing image analysis techniques
  • Coverage of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
  • Description of the major organizations that form and support the global remote sensing community
  • Company profiles of major players in the market including Airbus, Digitalglobe, MdDA Information Systems Inc., Parrot SA, Precisionhawk, Scanex and Surrey Satellite Technology Ltd. (SST)
Published - Mar-2016| Analyst - Jim Wilson| Code - IAS022E

Report Highlights

The global market for remote sensing products reached $8.4 billion in 2015. This market should reach nearly $8.9 billion in 2016 and $13.8 billion by 2021, a compound annual growth rate (CAGR) of 9.3% over the five-year period from 2016 to 2021.

Report Includes

  • An overview of the global market for remote sensing technologies, including major remote sensing platforms, key remote sensing instruments, and applications accounting for the bulk of the industry
  • Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021
  • Estimates of demand for remote sensing products by region, instrument by application, and platform by application
  • An explanation of remote sensing image analysis techniques
  • Reviews of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
  • Identification of the major organizations that form and support the global remote sensing community
  • Profiles of major players
Published - Sep-2013| Analyst - Jim Wilson| Code - IAS022D

Report Highlights

The global market for remote sensing products is expected to reach $7.6 billion by the end of 2013. This market is further expected to grow to $8.1 billion in 2014 and $12.1 billion in 2019, a compound annual growth rate (CAGR) of 8.2% over the five-year period from 2014 to 2019.

Report Includes

  • An overview of the global market for remote sensing technologies, including four major remote sensing platforms, 10 key remote sensing instruments, and 20 applications that account for the bulk of the industry
  • Analyses of global market trends, with data from 2012, estimates for 2013 and 2014, and projections of compound annual growth rates (CAGRs) through 2019
  • Estimates of demand for remote sensing products by region, instrument by application, and platform by application
  • An explanation of remote sensing image analysis techniques
  • Reviews of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
  • Identification of the major organizations that form and support the global remote sensing community
  • Comprehensive company profiles of major players.
Published - Oct-2011| Analyst - Jim Wilson| Code - IAS022C

Report Highlights

The global remote sensing technologies market is estimated at $8.3 billion in 2011. It is expected to reach at $9.1 billion in 2012 and it will further grow to $12.4 billion by 2017 at a compound annual growth rate (CAGR) of 6.4%.

Published - Oct-2009| Analyst - Jim Wilson| Code - IAS022B

Report Highlights

  • Overall sales in the remote sensing products by platform were worth $7.7 billion in 2008, and increased to an estimated $8.2 billion in 2009. By 2014, it is projected to increase to $11 billion, for a 5-year compound annual growth rate (CAGR) of 6.1%.
  • The largest segment in the market, space based platform was valued at $3.1 billion in 2008. This increased to an estimated $3.3 billion in 2009, and is projected to reach $4.4 billion in 2014, for a 5-year CAGR of 5.9%.
  • Sales in the airborne platform segment were worth $2.2 billion in 2008, and were to increase to nearly $2.3 billion in 2009. By 2014, they are projected to increase to $3.1 billion, for a 5-year CAGR of 6.2%.
Published - Feb-2007| Analyst - Jim Wilson| Code - IAS022A

Report Highlights

  • The total global market expenditures for remote sensing products were more than $7 billion in 2006 and should reach almost $7.3 billion in 2007. At a compounded annual growth rate (CAGR) of 6.3%, the market will reach more than $9.9 billion by 2012
  • Weather forecasting holds the highest share of the market throughout the forecast period, hovering at approximately 38% of the total global market through 2012
  • Public health applications have the highest growth potential. These products will be worth $402 million in 2007 and will grow at a CAGR of 10.9% to reach $675 million in 2012.

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Remote Sensing Technologies and Global Markets
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