Remote Sensing Services Market

1
Remote
Sensing
Services Market Expected
to Reach 21.62 Billion by 2022, at a CAGR of
15.14
from
2017
to
2027 MarketsandMarkets
-
Exclusive
Report
by
The report "Remote Sensing Services Market by
Platform (Satellites, UAVs,
Manned Aircraft, and Ground), End User (Defense
and Commercial), Resolution
(Spatial, Spectral, Radiometric,
and Temporal), and Region -
Global Forecast to 2022", The
remote sensing services market is
estimated to be USD 10.68 Billion
in 2017 and is projected to reach
USD 21.62 Billion by 2022, at a
CAGR
of
15.14
during
the
forecast period. The increasing
use of remote sensing services in
defense
and
commercial
applications is one of the most
significant
factors
driving
the
growth of the remote sensing services market.
Furthermore, the introduction of Big Data
analytics in remote sensing and growth of the
cloud computing market are anticipated
to fuel the demand for remote sensing services.
Browse 71 Market Data Tables and 30 Figures
spread through 124 Pages and in-
depth TOC on "Remote Sensing Services Market"
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Based on platform, the satellites segment is
expected to lead the remote sensing
services market during the forecast period
Based on platform, the satellites segment is
expected to lead the remote sensing services
market during the forecast period, owing to the
increased demand for Earth observation
satellites. These satellites are intended for
monitoring of the Earths surface to obtain
valuable information for mapping, mineral
exploration, land-use planning, resource
management, and other activities.
The UAVs segment of the remote sensing services
market is anticipated to grow
at the highest CAGR during the forecast period
2
Based on platform, the UAVs segment of the remote
sensing services market is expected
to grow at the highest CAGR from 2017 to 2022.
UAVs are considered to be the most
preferred remote sensing platform. UAV-based
remote sensing services are used for
large-scale mapping, real-time assessment,
and monitoring activities of various
applications, such as precision farming, 3D
terrain model construction, damage
assessment, geohazard mapping, and mineral
exploration.
North America is projected to account for the
largest share of the remote sensing
services market in 2017
North America is estimated to lead the remote
sensing services market in 2017.
Increasing demand for remote sensing services in
various sectors, such as oil gas,
mineral exploration, agriculture, energy power,
earth observation, search rescue,
weather forecasting, scientific research,
forest industry, and oceanography is
anticipated to drive the growth of the remote
sensing services market in North America.
In addition, remote sensing services facilitate
the collection of multi-source imagery data
used in Geographic Information Systems (GIS) as
well as for damage assessment and
environmental monitoring, which, in turn, is
anticipated to contribute to the growth of
the remote sensing services market in this region.
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Key Market Players
Antrix Corporation (India), DigitalGlobe
(US), EKOFASTBA (Spain), Geo Sense
(Malaysia), Mallon Technology (UK), Remote
Sensing Solutions (Germany), SpecTIR (US),
Satellite Imaging Corporation (US), Terra Remote
Sensing (Canada), The Airborne
Sensing Corporation (Canada), and The Sanborn Map
Company (US) are leading players
in the remote sensing services market.
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