Quadintel recently published a new research report on the Global Remote Sensing Satellites Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Remote Sensing Satellites Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Remote Sensing Satellites Market to reach USD 29.8 billion by 2027. Global Remote Sensing Satellites Market is valued at approximately USD 13.8 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.4 % over the forecast period 2021-2027.
Request To Download Sample of This Strategic Report: –https://www.quadintel.com/request-sample/remote-sensing-satellites-market/QI037
Remote sensing technology is used to collect data and analyze the physical features of the earth’s surface. It relies on reflected and emitted light from planes and satellites rather than physical touch with the surface under investigation. The growing number of earth observation programmes undertaken by various space organizations is driving the market. For example, the Indian Space Research Organization (ISRO) currently has thirteen earth observation satellites in orbit and aims to launch 10 more between 2020 and 2021. Following the emergence of the COVID-19 pandemic, many countries implemented tight quarantine measures. As a result, remote sensing technology has been adopted to monitor and control the spread of viruses as well as document environmental changes. For example, in June 2020, NASA, JAXA, and the European Space Agency (ESA) collaborated to develop a new earth observation dashboard that monitors changes in the environment and human lifestyle as a result of the COVID-19 virus.
The dashboard combines many satellite records to make climate, agriculture, and economic activity changes easy to track. The growing use of smart city initiatives is paving the path for market expansion. Zoning and urban planning, infrastructure modelling, and security and law enforcement planning are all aided by the technology. To increase their market share, prominent industry players are pursuing inorganic development techniques such as acquisitions and mergers. For example, UrtheCast announced the purchase of Geosys Technology Holding LLC for USD 20 million in January 2019. The former company hopes to strengthen its market position in geo-analytics solutions for agriculture as a result of this purchase. Market participants are also concentrating on obtaining contracts from scientific and defense agencies for a variety of projects in order to increase their market share. General Dynamics Information Technology, Inc., for example, reported in February 2019 that it had secured contracts from the National Geospatial-Intelligence Agency (NGA), an agency of the U.S. defense department for providing earth observation technologies. However, lack of awareness and interoperability issues may impede market growth over the forecast period of 2021-2027.
The regional analysis of the Global Remote Sensing Satellites Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to presence of key market players such as General Dynamics Mission Systems, Inc., Lockheed Martin Corporation, Esri and Raytheon Technologies Corporation in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing adoption of earth observation for infrastructure development applications such as mining, oil reserves etc. across the region.
Major market player included in this report are:
DigitalGlobe
Esri
General Dynamics Mission Systems, Inc.
Hexagon AB
Lockheed Martin Corporation
Orbital Insight
Planet Labs Inc.
Beijing Xingpaiweiye Sports Goods Co. Ltd
Geo Sense
Satellite Imaging Corporation
Download Sample of This Strategic Report: –https://www.quadintel.com/request-sample/remote-sensing-satellites-market/QI037
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
Active Remote Sensing
Passive Remote Sensing
By Application:
Agriculture & Living Resources
Military & Intelligence
Disaster Management
Infrastructure
Weather
Others
By Platform:
Satellite
Aerial Systems
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Request a Sample PDF copy of the report @ –https://www.quadintel.com/request-sample/remote-sensing-satellites-market/QI037
List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
Request Full Report –https://www.quadintel.com/request-sample/remote-sensing-satellites-market/QI037
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Quadintel:
Email: sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.quadintel.com/