Remote Sensing services market is estimated to be USD 10.68 billion in 2017 and is projected to reach USD 21.62 billion by 2022, at a CAGR of 15.14% during the forecast period.
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North America is estimated to lead the remote sensing services market in 2017. Key market players based in this region offer specialized remote sensing services for defense and commercial industries.
These companies offer a wide range of remote sensing and surveying services that include hyper spectral imaging, LiDAR, and digital and thermal imaging. Thus, the presence of key players offering remote sensing services in North America is one of the most significant factors driving the growth of the remote sensing services market in this region.
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Based on platform, the satellites segment is anticipated to lead the remote sensing services market during the forecast period. Satellite imagery data are used for various applications such as earth observation & meteorology, scientific research & exploration, mapping & navigation, and surveillance & security.
The growth of satellite-based remote sensing services are mainly driven by private sector investments in satellite imagery.
Based on end user, the commercial segment is projected to lead the remote sensing services market from 2017 to 2022. Remote sensing data collection and analytics services are increasingly utilized in various sectors, such as agriculture, energy & power, and weather forecasting, as these services help acquire access to qualitative real-time data for monitoring purposes.
Thus, the high demand for remote sensing services in commercial applications is anticipated to drive the growth of the commercial segment.
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Target Audience Include Remote Sensing Services Market Report:
- Remote Sensing Service Providers
- Remote Sensing System Manufacturers
- Subsystem Manufacturers
- Technology Support Providers
- Ministry of Defense
- Scientific Research Centers
- Software/Hardware/Service and Solution Providers
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Top 12 Companies Analyzed for Remote Sensing Services Market are – Antrix Corporation (India), Digital Globe (US), EKOFASTBA (Spain), Geo Sense (Malaysia), Mallon Technology (UK), Remote Sensing Solutions (Germany), and Satellite Imaging Corporation (US), among others.
Fundamental Key Point from Table of Content:
Remote Sensing Services Market, By Platform
Remote Sensing Services Market, By End User
Homeland Security Agencies
Energy & Power
Media and Entertainment
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Remote Sensing Service Market, By Resolution
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