Remote Sensing Services Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2016 – 2025
Global Remote Sensing Services Market size is projected to be valued $32.8 Billion by 2025; with a CAGR of 14.9% from 2017 to 2025. Remote sensing services allow the satellites and aircrafts to obtain information about objects or areas from a distance. These sensors are mounted on satellites or aircrafts. Implementation of bid data analytics in remote sensing services and growth in cloud computing market is expected to fuel the market growth in the coming years.
Platform, resolution, end-user, and geography are the bifurcations of the remote sensing services market. The platform segment is sub-segmented into satellites (earth observation, telecommunication, mapping & navigation, meteorology, others), UAVs (precision farming, damage assessment, 3d terrain model construction, geohazard mapping, mineral exploration, pipeline monitoring, defense and intelligence, others), manned aircraft (mineral exploration mapping, precision farming, coastal analysis, disaster management, pipeline monitoring, defense and intelligence, others), and ground. Spatial, spectral, temporal, and radiometric are the segregations of the resolution segment. Furthermore, end-user segment comprises defense (defense organizations, homeland security agencies), and commercial (energy & power, scientific research, weather forecasting, agriculture, media & entertainment, others).
On the basis of geography, global remote sensing services market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market include Satellite Imaging Corporation, Remote Sensing Solutions, SpecTIR, Terra Remote Sensing, The Sanborn Map Company, DigitalGlobe, Antrix Corporation, Geo Sense, Mallon Technology, Ekofastba, and Airborne Sensing Corporation, among others.
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Scope of the Global Remote Sensing Services Market