According to a new report Global Remote Sensing Technology Market, published by KBV research, The Global Remote Sensing Technology Market size is expected to reach $22.5 billion by 2026, rising at a market growth of 9.8% CAGR during the forecast period.
The segment of passive remote sensing held the highest share of the market in 2019. Passive Remote sensing technology calculates the reflected sunlight from the surface of the world to screen and examine surface qualities. The segment of active remote sensing is foreseen to extend at a major CAGR during the coming seven years. This innovation radiates its own light to screen and analyze the surface qualities.
The segment of military and intelligence held a significant share of the market in 2019. This is due to the developing adoption of innovation by developed nations to screen and prevent criminal and crime-related activities.
The segment of aerial systems held the highest share of the market in 2019. This is owing to the expanding utilization of a drone or Unmanned Aerial Vehicle (UAV) in aerial mapping. The segment of the satellite is assessed to extend at a significant CAGR throughout the coming seven years. This is owing to the expanding earth observation ventures by significant space agencies, for example, NASA.
North America held the highest share of the market in 2019. This share is owing to the presence of leading market players, for example, Lockheed Martin Corporation; Esri; General Dynamics Mission Systems, Inc.; and Raytheon Technologies Corporation. It is anticipated that Asia Pacific will grow at a major CAGR during the forecast period. This is due to the expanding adoption of earth observation for infrastructure development applications. Nations, for example, China, Japan, Australia, and India are known as the region’s most profitable business sectors for remote sensing innovation providers.
Structural Insights: https://www.kbvresearch.com/remote-sensing-technology-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Maxar Technologies, Inc. (DigitalGlobe, Inc.), General Dynamics Corporation, Hexagon AB, Lockheed Martin Corporation, Planet Labs, Inc., Teledyne Technologies, Inc. (Teledyne DALSA, Inc.), UrtheCast Corporation, Honeywell International, Inc., Thales Group S.A., and Northrop Grumman Corporation.
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