What is Remote Sensing Services Market?
Remote sensing involves the detection and monitoring of physical characteristics of area as it measures its reflected and emitted radiation at distance. In other words, it is the acquisition of information of an object without a physical contact with an object. Remote sensing is used in military, intelligence, commercial, economic, planning and humanitarian. In addition, it is used in earth science, land surveying and many more. Remote sensors are either passive or active. The former one responds to the external stimuli while the latter collects data about earth.
The market study is being classified, by Application (Bedrock mapping, Lithological mapping, Structural mapping, Mineral exploration and Others) and major geographies with country level break-up.
Antrix Corporation (India), DigitalGlobe (United States), EKOFASTBA (Spain), Geo Sense (Malaysia), Mallon Technology (United Kingdom), Remote Sensing Solutions (Germany), SpecTIR (United States), Satellite Imaging Corporation (United States), Terra Remote Sensing (Canada) and Airborne Sensing Corporation (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sanborn Map Company (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Remote Sensing Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Remote Sensing Services market by Type, Application and Region.
On the basis of geography, the market of Remote Sensing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Use of Remote Sensing Services in Defense and Commercial Applications
- Introduction of Big Data Analytics is Fueling the Market Growth
Market Trend
- Increasing Usage of Cloud Computing for Remote Sensing Services
Restraints
- Expensive Nature if Remote Sensing Analysis May Hamper the Market
- Requirement of Special Training for Analysis of Images
Opportunities
- Increasing Demand of Earth Observation Satellite
Challenges
- Instruments Used in Remote Sensing May Lead to Uncelebrated Remote Sensing Data
On 19th July 2018, NASA has launched remote sensing toolkit. It is a website which lets the users to browse or search through sensing data. Tools also include those for data access, manipulation and visualization across several areas including atmosphere, cryosphere, oceans and human dimensions
Key Target Audience
Remote sensing service providers, Government associations, Research organizations, software vendors and Others