Global Remote Sensing Services Market Report 2022:

Dublin, Nov. 25, 2022 (GLOBE NEWSWIRE) — The “Remote Sensing Services Market by application, platform (satellites, UAV, manned aircraft, ground), end-use, resolution (spatial, spectral, radiometric, temporal), type, Technology (Active, Passive) and Region – Global Forecast to 2027” has been added to the report ResearchAndMarkets.com offer.

The remote sensing services market is projected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 14.9%.

The basic objectives of remote sensing services are to characterize and monitor terrestrial and surface features, such as forests, deserts, urban cities and agricultural fields. Remote sensing services play a vital role in scientific understanding of environmental processes, such as carbon sequestration and albedo change. Such crucial information is essential for managing and conserving large swathes of environmental resources, such as tropical forests.

The Earth Observation Technology Cluster (EOTC) facilitates a knowledge exchange platform for diverse members of the Earth EO community to provide a unifying theme for EO investigations and practices. It covers a full range of remote sensing operations, including new platforms, sensor development, image retrieval, analytics, environmental modeling, and data applications. Remote sensing services are performed through technologies such as satellite photography, satellite sensors in the visible, near infrared and thermal infrared, synthetic aperture radar, passive microwave imagers and active microwave scatterometers.

Based on the Application, Defense & Security segment, it is estimated to be the fastest growing market

The military is harnessing the power of satellite imagery to gather information about enemies. Monitoring land and sea surveillance activities via satellite has gained increasing importance in recent years and will continue to do so with advances in satellite technologies and high-speed data services. Airbus Defense and Space offers a unique and innovative interface, the OceanFinder platform, which allows maritime stakeholders to inspect available satellite footprints in relation to additional information such as AIS and charts, as well as satellite-based situational reports. Vessel Track Reports (VDRs) include near real-time information relating to vessel positions, as well as vessel size and related context information. Such information is useful for routine background intelligence, course prediction, predicted vessel positions, and automatic vessel tracking and classification.

Need to capture more details through high and ultra-high resolution images to drive the demand of the resolution segment

Spatial resolution is the pixel-level detail of an image. A smaller grid cell size and greater detail are two benefits of high spatial resolution. Conversely, higher spatial resolution results in smaller pixels and less detail. Drones often produce photographs with the highest spatial resolutions. Despite being the highest in the atmosphere, the satellites are still capable of pixel sizes of 50cm or larger, such as Worldview-3. Overall, the quality of an image and the detail of the object are described by its spatial resolution. Spatial resolution has higher information with more pixels when grid cells are smaller, spatial resolution has more detail with more pixels.

China leads the Asia Pacific remote sensing services market

China uses land and ocean observation satellites to build a strong network to monitor natural resources and detect environmental changes. The country plans to launch about 100 more earth observation satellites into space by 2025. According to the UCS satellite database, it currently has more than 260 satellites in orbit and is taking steps to accelerate the development of its space economy between technological discoveries and industrial growth.

Market dynamics

Drivers

  • Significant advances in analyzing geospatial imagery with the introduction of AI and Big Data
  • Growing need for remote sensing data in commercial and defense applications
  • Increased adoption of UAVs in agriculture for crop health assessment and precision agriculture
  • Technological developments and innovations in Earth observation applications

Restrictions

  • Decreased use of manned aircraft in remote sensing applications
  • Liability issues associated with UAV operations and services

Chance

  • Need for real-time data
  • Subscription data and analytics solutions to address commercial market opportunities

Challenges

  • Short-term data continuity for droughts, floods and other natural disasters
  • Lack of awareness and interoperability issues
Ratio attribute Details
No. of pages 280
Forecast period 2022 – 2027
Estimated market value (USD) in 2022 $13.2 billion
Projected market value (USD) by 2027 $26.6 billion
Compound annual growth rate 14.9%
Regions covered Global

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium insights

5 Market overview

6 industry trends

7 Remote Sensing Services Market, by Application

8 Remote Sensing Services Market, by Platform

9 Remote sensing services market, by end use

10 Remote sensing services market, with resolution

11 Remote sensing services market, by technology

12 Remote Sensing Services Market, by Type

13 Regional analysis

14 Competitive landscape

15 company profiles

16 Appendix

Companies mentioned

  • Aerodina group
  • Aerospace laboratory
  • Airbus Se
  • Antrix Corporation Ltd.
  • Blacksky Technology Inc.
  • Cyberhawks
  • Esri
  • Geospatial Intelligence Pty Ltd.
  • Ice eye
  • Images in International (Isi)
  • The Harris Geospatial
  • Mallon technology
  • Maxar technologies
  • To measure
  • Orbital intuition
  • Planet Labs, Inc.
  • Planetary observer
  • Precision Hawk
  • Remote Sensing Solutions GmbH
  • Satellite Imagery Company
  • Spire Global, Inc.
  • Earth Drone Corporation
  • Earth remote sensing
  • The Sanborn Map Company Inc.
  • Trimble Inc.

For more information about this report, please visit https://www.researchandmarkets.com/r/tor57b

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