Global Remote Sensing Technology Market Growth (Status and Outlook) 2023-2029

Global Remote Sensing Technology Market Growth (Status and Outlook) 2023-2029

The remote sensing technology can be defined as characteristics of objects which can be identified, measured or analyzed without direct contact. Contribution of military forces in remote sensing technology includes infrared photography, thermal imagery, radar scanning, and satellites. The first type of technology, makes use of light in the infrared portion of electromagnetic spectrum. The infrared photography measures reflection of infrared radiation. Thermal imaging indicates the amount of radiation that is emitted by the source.

LPI (LP Information)' newest research report, the “Remote Sensing Technology Industry Forecast” looks at past sales and reviews total world Remote Sensing Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Remote Sensing Technology sales for 2023 through 2029. With Remote Sensing Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Remote Sensing Technology industry.

This Insight Report provides a comprehensive analysis of the global Remote Sensing Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Remote Sensing Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Remote Sensing Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Remote Sensing Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Remote Sensing Technology.

The global Remote Sensing Technology market size is projected to grow from US$ 9906.4 million in 2022 to US$ 15190 million in 2029; it is expected to grow at a CAGR of 6.3% from 2023 to 2029.

Growing advancement in the remote sensing technology led to its expansion in land assessment techniques. The North-America market of remote sensing technology is leading because of the technological advancements and highly equipped and powerful defense force. Asia-Pacific region is expected to grow because of huge investment by government to enhance and strengthen defense technologies.

This report presents a comprehensive overview, market shares, and growth opportunities of Remote Sensing Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Active Remote Sensing
Passive Remote Sensing

Segmentation by application
Landscape Assessment
Air Quality
Water Quality
Floodplain Mapping and Emergency Management
Healthcare
Geology and Mineral Exploration
Oceanography
Agriculture
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
General Dynamics Corp. (US)
Northrop Grumman Corporation (US)
Raytheon Corporation (US)
Lockheed Martin Corporation (US)
Honeywell TechnologySolutionsInc.(US)
ITT Corp. (US)
Thales Group (France)
Lumasense Technologies(US)
Leica Geosystems Holdings AG (Switzerland)

Please note: The report will take approximately 2 business days to prepare and deliver.