Remote Sensing Technology Market Scope
Remote sensing, as opposed to in situ or on-site observation, is the process of gathering data about a phenomenon or an object without actually coming into contact with it. Specifically, the phrase is used to refer to gathering knowledge about Earth and other worlds. Many different disciplines of Earth science (such as exploration geophysics, hydrology, ecology, meteorology, oceanography, glaciology, and geology) use remote sensing, in addition to military, intelligence, commercial, economic, planning, and humanitarian uses.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ITT INC. (U.S.), Northrop Grumman (U.S.), The Airborne Sensing Corporation (Canada), Leica Geosystems AG - Part of Hexagon (Switzerland), Lockheed Martin Corporation (U.S.), Honeywell International Inc. (U.S.), Thales Group (France), Orbital Insight (U.S.), Ceres Imaging (U.S.), Satellite Imaging Corporation (U.S.), Descartes Labs, Inc (U.S.), Astro Digital US (U.S.), SlantRange, Inc. (U.S.), Droplet Measurement Technologies (U.S.), Airbus (Netherlands), Farmers Edge Inc. (Canada), SCANEX Group. (Russia), SpaceKnow (U.S.), Raytheon Technologies Corporation (U.S.), Terra Remote Sensing (Canada) and PrecisionHawk (U.S.) |
CAGR | % |
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to remote sensing technology market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Remote Sensing Technology market throughout the predicted period.
ITT INC. (U.S.), Northrop Grumman (U.S.), The Airborne Sensing Corporation (Canada), Leica Geosystems AG - Part of Hexagon (Switzerland), Lockheed Martin Corporation (U.S.), Honeywell International Inc. (U.S.), Thales Group (France), Orbital Insight (U.S.), Ceres Imaging (U.S.), Satellite Imaging Corporation (U.S.), Descartes Labs, Inc (U.S.), Astro Digital US (U.S.), SlantRange, Inc. (U.S.), Droplet Measurement Technologies (U.S.), Airbus (Netherlands), Farmers Edge Inc. (Canada), SCANEX Group. (Russia), SpaceKnow (U.S.), Raytheon Technologies Corporation (U.S.), Terra Remote Sensing (Canada) and PrecisionHawk (U.S.) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Remote Sensing Technology market by Type and Region with country level break-up.
On the basis of geography, the market of Remote Sensing Technology 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2021, Airbus announced the completion of its second ocean monitoring satellite sentinel-6B. With an accuracy of a few millimeters, the satellite was created to estimate the distance to the sea surface. The main tasks of the satellite are to calculate sea surface height, monitor sea level changes, and measure, evaluate, and record ocean currents.
For instance, in June 2020, NASA, JAXA, and ESA collaborated to develop a new earth observation dashboard that tracks alterations in the environment and human lifestyle brought on by the COVID-19 virus. The dashboard incorporates a variety of satellite records to enable simple user tracking of changes in the environment, agriculture, and economy.
Market Growth Drivers:
Increase in the adoption of remote sensing and Increasing adoption in research and exploration applications
Restraints:
High initial investments in the manufacturing
Opportunities:
The growing adoption of Internet of Things (IoT) technology