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The global remote sensing technology market is expected to grow from $13.76 billion in 2021 to $15.22 billion in 2022 at a compound annual growth rate (CAGR) of 10.60%. The global remote sensing technology market size is expected to grow to $22.96 billion in 2026 at a compound annual growth rate (CAGR) of 10.82%.

The growing adoption of precision farming technology is driving the growth of the remote sensing technology market.

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The remote sensing technology consists of sales of remote sensing technology by entities (organizations, sole traders, partnerships) that refer to active and passive sensing technology used to collect the information and analyze its physical characteristics. The purpose of remote sensing technology is to detect and track an area by physical characteristics at a distance by measuring its reflected and emitted radiation. It includes Lidar, unique cameras, radar scanning, and others.

Global Remote Sensing Technology Market Segments Include:

By Technology: Active Remote Sensing, Passive Remote Sensing

By Platform: Satellite, Aerial Systems

By End User: Military and Intelligence, Weather, Disaster Management, Agriculture and Living Resources, Infrastructure

By Application: Landscape Assessment, Security, Air Quality, Hydrology, Forestry, Floodplain Mapping and Emergency Management, Healthcare

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global remote sensing technology market in 2021.

Technological advancement is a key trend that is gaining popularity in the remote sensing technology market. Major companies operating in the remote sensing technology market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation remote sensing technology into their devices, such as active sensors, LiDAR, InSAR, PSInSAR, SAR, SRT, SqueeSAR, passive sensors, UAV, and others. These technologies obtain information about material objects from distance measurements without coming into physical contact with the objectives.

TBRC’s Remote Sensing Technology Market Report Covers:

Major Market Players: Thales Group, DigitalGlobe, Esri, General Dynamics Mission Systems Inc., Hexagon AB, Lockheed Martin Corporation, Planet Labs Inc., Northrop Grumman Corporation, Honeywell Technology Solutions Inc., Raytheon Corporation, PrecisionHawk, Satellite Imaging Corporation, Ceres Imaging, Terra Remote Sensing, SlantRange Inc. and Astro Digital.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Remote Sensing Technology Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides remote sensing technology market overviews, analyzes and forecasts market size, share, remote sensing technology market players, remote sensing technology market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s remote sensing technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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