Major players in the remote sensing technology market are Thales Group, DigitalGlobe, Esri, General Dynamics Mission Systems Inc., Hexagon AB, Lockheed Martin Corporation, Planet Labs Inc., Northrop Grumman Corporation, Honeywell Technology Solutions Inc.
New York, September 15, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the “Remote Sensing Technology Global Market Report 2022” – https://www.reportlinker.com/p06318519/?utm_source=GNW
Raytheon Corporation, PrecisionHawk, Satellite Imaging Corporation, Ceres Imaging, Terra Remote Sensing, SlantRange Inc. and Astro Digital.
The global remote sensing technology market is projected to grow from $ 13.76 billion in 2021 to $ 15.22 billion in 2022 with a compound annual growth rate (CAGR) of 10.60%. The remote sensing technology market is expected to grow to $ 22.96 billion in 2026 at a compound annual growth rate (CAGR) of 10.82%.
Remote sensing technology consists of the sale of remote sensing technology by entities (organizations, sole proprietorships, partnerships) that refer to active and passive remote sensing technology used to collect information and analyze its physical characteristics. The purpose of remote sensing technology is to detect and trace an area by physical characteristics at a distance by measuring its reflected and emitted radiation.
Includes Lidar, unique cameras, radar scan, and more.
The main types of technologies in the remote sensing technology market are active remote sensing and passive remote sensing. Active remote sensing technology transmits a coherent electromagnetic (EM) wave to a target, which can be celestial or pointed at the ground.
The reflected radiation is detected and measured by that target’s sensor. Remote sensing technology uses two platforms – satellite and airborne systems – and is used in military and intelligence, weather, disaster management, agriculture, living resources and infrastructure.
It has most applications in landscape assessment, safety, air quality, hydrology, forestry, floodplain mapping and emergency management and healthcare.
North America was the largest region in the remote sensing technology market in 2021. Regions covered by the remote sensing technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa .
Remote Sensing Technology Market Research Report is one of a series of new reports providing statistics on the Remote Sensing Technology market, including global Remote Sensing Technology industry market size, regional shares, competing with a share of remote sensing technology market, detailed remote sensing technology market segments, market trends and opportunities, and any other data needed to thrive in the remote sensing technology industry. This Remote Sensing Technology market research report offers a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The growing adoption of precision farming technology is driving the growth of the remote sensing technology market. Due to rapid global population growth and climate change, the agricultural industry is undergoing enormous transformations, placing an additional burden on the food supply chain.
Precision agriculture is the planning of food production through the use of technologies that offer the economic benefits of reducing costs in agriculture and increasing production levels and also helps in environmental benefits. For example, in August 2020, according to a report released by the McKinsey Global Institute, By 2030, some 70 million farmers could benefit from digital farming services through precision farming.
This will be 1.5 times more productive than traditional large farms and 2 to 2.5 times more effective than small farms. Therefore, the growing adoption of precision farming technology is driving the growth of remote sensing technology.
Technological advancement is a key trend that is gaining popularity in the remote sensing technology market. Leading companies operating in the remote sensing technology market focus on providing technologically advanced solutions to strengthen their market position.
These companies are implementing next generation remote sensing technology in their devices, such as active sensors, LiDAR, InSAR, PSInSAR, SAR, SRT, SqueeSAR, passive sensors, UAV and others. These technologies obtain information about material objects from distance measurements without coming into physical contact with targets.
For example, in March 2022, China launched a new remote sensing satellite into space. This optical remote sensing satellite will be used for land rights confirmation, to examine urban planning, disaster reduction and prevention, and crop yield estimation.
In November 2021, Planet Labs Inc., a US-based earth imaging company offering remote sensing services, announced the acquisition of VanderSat, for approximately $ 28 million including $ 18 in shares and $ 10 in cash. Through this agreement, Planet aims to use VanderSat technologies and products to develop next-generation solutions that integrate the science of remote sensing for commercial and public satellite data to provide clear and actionable information to industries, nonprofits and governments across the board. the world. VanderSat is a Netherlands-based company that provides advanced earth data and analysis through the science of remote sensing.
The countries covered in the Remote Sensing Technology Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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