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Remote Sensing Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A5280
Market Overview:
The global remote sensing software market reached a value of US$ 1.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.92 Billion by 2027, exhibiting a growth rate (CAGR) of 11.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Remote sensing software is an application utilized for processing and monitoring remotely sensed data to extract geographic information through satellite sensor intelligence and airborne sensor data. It is extensively used for weather forecasting, natural hazard study, resource exploration, land-use mapping, and environment study. Remote sensing software operates by acquiring information over large spatial areas and supervising the constant changes in that specific region to fuel the decision-making process. At present, remote sensing software is commercially available in two varying deployment models, including on-premises and cloud.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Remote Sensing Software Market Trends:
The widespread adoption of remote sensing software in various industrial verticals, such as healthcare, commercial, military, and defense, for instantly interpreting data and forecasting natural hazards represents the key factor primarily driving the market growth. Additionally, the increasing requirement for geographic imaging, remote sensing, and global positioning system (GPS) satellite surveying for processing excessive geospatial data is propelling the market growth. In line with this, the introduction of web-based management applications for resolving various limitations related to the installation of image processing software packages and geographic information systems (GIS) is contributing to the market growth. Moreover, the escalating utilization of remote sensing software in the agricultural sector for equipping farmers with information related to climatic variables, crop health, and quality is another growth-inducing factor. Besides this, the growing investments and fundings in intelligent surveillance and reconnaissance (ISR) payloads and satellite communication is positively influencing the market growth. Other than this, manufacturers are offering advanced remote sensing technology, which, in turn, is creating a positive outlook for the market across the globe. Other factors, such as extensive research and development (R&D) activities, is driving the market toward growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global remote sensing software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment mode, application and end user.
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Application:
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- Ground
- Satellite
- Airborne
Breakup by End User:
- Defense
- Commercial
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems plc, EOS Data Analytics Inc., Esri, Hexagon AB, L3Harris Technologies Inc., Merrick & Company, PCI Geomatics, Textron Systems (Textron Inc.) and Trimble Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Component, Deployment Mode, Application, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | BAE Systems plc, EOS Data Analytics Inc., Esri, Hexagon AB, L3Harris Technologies Inc., Merrick & Company, PCI Geomatics, Textron Systems (Textron Inc.) and Trimble Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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