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Report Highlights
The global remote sensing technologies market reached $13.1 billion in 2022, should reach $14.7 billion by 2023 and $27.1 billion by 2028 with a compound annual growth rate (CAGR) of 12.9% during the forecast period of 2023-2028.
Report Includes
- 31 data tables and 27 additional tables
- An overview of the global market for remote sensing technologies
- Estimate of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projection of CAGR through 2028
- Analyses of the market potential for remote sensing technologies based on technology, platform, application and region
- Analysis of the market's dynamics, including growth drivers and inhibitors, and opportunities, and insights into the regulatory environments impacting the market
- Examination of environmental, social and corporate governance (ESG) developments, a relevant patent analysis; and coverage of the mergers and acquisitions (M&A), venture fundings and emerging technologies in the global market
- Company profiles of major players within the industry, including BlackSky Global, Maxar Technologies Inc., Planet Labs Inc., and Hexagon
Report Scope
The current report includes a comprehensive analysis of different platforms such as satellites, airborne, and others (terrestrial and aquatic). Further, the market covers applications and potential areas in which companies can invest.
In addition to highlighting the current and future market potential for remote sensing technologies, this report also analyzes the competitive environment, regulatory landscape, drivers, restraints, opportunities, and trends. Market projections from 2023 through 2028 are included, along with a study of key market players.
For market estimates, data were provided for 2022 as the base year, with forecasts for 2023 through 2028. Estimated values are based on revenue from remote sensing technologies companies as total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.
Report Synopsis
| Report Metrics | Details | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||
| Base year market size | $13.1 billion | ||||||||||||
| Market size forecast | $27.1 billion | ||||||||||||
| Growth rate | CAGR of 12.9% for the forecast period of 2023-2028 | ||||||||||||
| Units considered | $ Millions | ||||||||||||
| Segments covered | Platform, Application | ||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||
| Countries covered | U.S., Mexico, Canada, France, Germany, Italy, U.K., Rest of Europe, China, India, Japan, Rest of Asia-Pacific | ||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Platform
- Application
- Region
Analyst Credentials
Harsh Goyal– Associate Consultant – Technology Research
Harsh Goyal is an experienced market research professional with more than seven years of industry experience in research and analysis, specializing in healthcare, finance & technology. He has worked in multiple domains such as ICT, energy, automotive, defense and others. Academically, Harsh holds a master’s degree in Finance and Marketing and a bachelor’s degree in Commerce (Economics).
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Report Highlights
The global market for remote sensing is expected to increase from $11.3 billion in 2018 to $18.9 billion in 2023 at a compound annual growth rate (CAGR) of 10.7% for 2018-2023.
Report Includes
- An overview of the global market for remote sensing technologies
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- A look at the major remote sensing platforms, key remote sensing instruments, and applications accounting for the bulk of the industry
- Discussion about remote sensing image analysis techniques
- Coverage of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
- Description of the major organizations that form and support the global remote sensing community
- Company profiles of major players in the market including Airbus, Digitalglobe, MdDA Information Systems Inc., Parrot SA, Precisionhawk, Scanex and Surrey Satellite Technology Ltd. (SST)
Report Highlights
The global market for remote sensing products reached $8.4 billion in 2015. This market should reach nearly $8.9 billion in 2016 and $13.8 billion by 2021, a compound annual growth rate (CAGR) of 9.3% over the five-year period from 2016 to 2021.
Report Includes
- An overview of the global market for remote sensing technologies, including major remote sensing platforms, key remote sensing instruments, and applications accounting for the bulk of the industry
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021
- Estimates of demand for remote sensing products by region, instrument by application, and platform by application
- An explanation of remote sensing image analysis techniques
- Reviews of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
- Identification of the major organizations that form and support the global remote sensing community
- Profiles of major players
Report Highlights
The global market for remote sensing products is expected to reach $7.6 billion by the end of 2013. This market is further expected to grow to $8.1 billion in 2014 and $12.1 billion in 2019, a compound annual growth rate (CAGR) of 8.2% over the five-year period from 2014 to 2019.
Report Includes
- An overview of the global market for remote sensing technologies, including four major remote sensing platforms, 10 key remote sensing instruments, and 20 applications that account for the bulk of the industry
- Analyses of global market trends, with data from 2012, estimates for 2013 and 2014, and projections of compound annual growth rates (CAGRs) through 2019
- Estimates of demand for remote sensing products by region, instrument by application, and platform by application
- An explanation of remote sensing image analysis techniques
- Reviews of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
- Identification of the major organizations that form and support the global remote sensing community
- Comprehensive company profiles of major players.
Report Highlights
The global remote sensing technologies market is estimated at $8.3 billion in 2011. It is expected to reach at $9.1 billion in 2012 and it will further grow to $12.4 billion by 2017 at a compound annual growth rate (CAGR) of 6.4%.
Report Highlights
- Overall sales in the remote sensing products by platform were worth $7.7 billion in 2008, and increased to an estimated $8.2 billion in 2009. By 2014, it is projected to increase to $11 billion, for a 5-year compound annual growth rate (CAGR) of 6.1%.
- The largest segment in the market, space based platform was valued at $3.1 billion in 2008. This increased to an estimated $3.3 billion in 2009, and is projected to reach $4.4 billion in 2014, for a 5-year CAGR of 5.9%.
- Sales in the airborne platform segment were worth $2.2 billion in 2008, and were to increase to nearly $2.3 billion in 2009. By 2014, they are projected to increase to $3.1 billion, for a 5-year CAGR of 6.2%.
Report Highlights
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The total global market expenditures for remote sensing products were more than $7 billion in 2006 and should reach almost $7.3 billion in 2007. At a compounded annual growth rate (CAGR) of 6.3%, the market will reach more than $9.9 billion by 2012
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Weather forecasting holds the highest share of the market throughout the forecast period, hovering at approximately 38% of the total global market through 2012
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Public health applications have the highest growth potential. These products will be worth $402 million in 2007 and will grow at a CAGR of 10.9% to reach $675 million in 2012.
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