Remote Sensing Technology Market Segments, Size, Emerging Growth Factors, Top Key Players and Business Opportunities till 2030

0
921
Market Overview

The remote sensing technology market size is proliferating across the globe. The market growth attributes to the increasing applications of remote sensing technology in some of the burgeoning industries, including agriculture, automotive, and defense. Besides, the rising adoption of remote sensing technology in biomedical, wearables, and healthcare sectors drives the growth of the market.

Remote sensing technologies have garnered massive prominence in applications such as landscape assessment, air quality, water quality, floodplain mapping & emergency management, geology & mineral exploration, and others. This, as a result, escalates the market growth, increasing the demand for remote sensing technologies. According to Market Research Future (MRFR), the global remote sensing technology market is poised to reach $16.35 Billion by 2030, growing at approximately 11.5% CAGR throughout the review period (2022-2030).

Additionally, considerable investments in research & development of remote sensing technology and increasing product development and launches boost market growth. Moreover, advantages that remote sensing technology offers to military forces such as infrared photography, thermal imagery, radar scanning, and satellites push the market growth. Conversely, complexities in the development and lack of customization are significant factors estimated to obstruct the growth of the market.

Request Free Sample @ 

https://www.marketresearchfuture.com/sample_request/2918

Major Players

Players leading the global remote sensing technology market include Northrop Grumman Corporation (US), General Dynamics Corp. (US), Raytheon Corporation (US), Honeywell Technology Solutions Inc. (US), Lockheed Martin Corporation (US), ITT Corp. (US), Lumasense Technologies, Inc. (US), Thales Group (France), and Leica Geosystems Holdings AG (Switzerland), among others.

Segmentation

The report is segmented into three dynamics.

By Technology: Active Remote Sensing, Passive Remote Sensing, and others.

By Application: Landscape Assessment, Air Quality, Water Quality, Floodplain Mapping & Emergency Management, Healthcare, Geology & Mineral Exploration, Oceanography, Agriculture, and others.

By Regions: Americas, Europe, Asia Pacific, and the Rest-of-the-World.

Competitive Analysis

Highly competitive, the remote sensing technology market appears fragmented due to the presence of several well-established players. Industry players incorporate strategies such as mergers & acquisitions, collaborations, expansion, and product/ technology launch to gain a larger competitive share.

Regional Analysis

North America dominates the global Remote Sensing Technology Market. The largest market share attributes to the rising adoption of demand for remote sensing technology in a number of applications. Besides, substantial advancements in remote sensing technology and expansion inland assessment techniques drive the growth of the regional market.

Also, rising demand for sensing technologies from the defense sector to make military forces highly equipped and powerful substantiates the regional market growth. Besides, stringent government regulations to implement safety technologies and a steady rise in vehicle production & sales push the regional market growth. The US market dominates the remote sensing technology market in the region.

Europe stands second in the global remote sensing technology market. The vast advancements drive the market in sensing technology, improvements in healthcare standards, and improved technical infrastructure. Moreover, the extensive uptake of remote sensing technology in some of the burgeoning end-use industries such as industrial and construction drive the growth of the regional market.

France, Germany, Italy, and the UK are the major markets for smart sensors. Furthermore, the resurging economy and the rising demand from the automotive, aerospace, and defense sectors foster regional market growth. The European remote sensing technology market is expected to create substantial revenue pockets during the assessment period.

The Asia Pacific remote sensing technology market has emerged as a profitable market. Factors such as the increasing uptake of smart technology and government initiatives to improve infrastructure boost the regional market growth. China, Japan, and India are major markets for remote sensing technology in the region. Considerable advancements in artificial intelligence and other similar technologies push the growth of the remote sensing technology market.

Furthermore, increasing remote sensing technology applications in medical device manufacturing, logistics, transportation, and consumer electronics influence regional market growth. Besides, increased production of vehicles and continuous implementation of regulations on driving safety propels the growth of the regional market. The APAC remote sensing technology is projected to create a substantial revenue pocket during the estimated period.

Get Report Details @ 

https://www.marketresearchfuture.com/reports/remote-sensing-technology-market-2918

Industry/ Innovation/ Related News

August 11, 2020 ----- The Indian Space Research Organisation (ISRO), the space agency for technology for national development, highlights the use of its remote sensing satellites in raising crop output. ISRO remote sensing satellites are also extensively used in railway safety, border protection, telemedicine, and other areas.

The space agency has been continuously enlarging its role in development activities, contributing to the mission of the Nation - Transforming India. ISRO technology is being used to carry out production forecasts for eight significant crops. ISRO sensing technologies are now being used even by the premier space centers for infrastructural development and public welfare projects.

Related Articles:

https://www.marketresearchfuture.com/reports/enterprise-key-management-market-3346

https://www.marketresearchfuture.com/reports/emotion-analytics-market-5330

https://www.marketresearchfuture.com/reports/asset-tracking-software-market-4439

https://www.marketresearchfuture.com/reports/language-translation-software-market-4452

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Реклама
Поиск
Реклама
Категории
Больше
Аксессуары
Digital MRO Market Growth Trends and Forecast: A Global Industry Analysis (2024-2032)
Market Overview The global Digital Maintenance, Repair, and Overhaul (MRO) market is experiencing...
От James Thomas 2024-09-30 08:57:22 0 0
Бизнес
Polyurethane Coatings Market, Growth, SWOT Analysis and Growth Prospects Till 2030
Polyurethane Coatings Market Overview The Polyurethane Coatings Market Size was valued...
От David Miller 2023-07-05 09:27:41 0 946
Кейтеринг
Mmoexp Path of exile currency: Items and Crafting
Items and CraftingItems in POE are not merely equipment but avenues for Path of exile...
От Lijing Zhu 2024-07-15 06:33:48 0 260
Бизнес
Pressure Sensor Market Trends, Strategy, Application Analysis, Demand, Status and Global Share 2029
Pressure Sensor Market is expected to grow from US$ 14.78 Billion in 2021 to US$ 29.18...
От Rishikesh Mmr 2024-01-01 04:27:15 0 997
Бизнес
Concrete Pump Market Anticipated To Reach USD 8306.12 Million By 2032| CAGR of 4.78%
The global Concrete Pump Market was valued at USD 5456.23 million in 2023 and is likely to reach...
От Shital Patil 2024-11-12 11:26:57 0 0