Global Remote Sensing Technology Market: Key Trends, Market Share, Growth Drivers, and Forecast for 2025-2034
The Business Research Company’s Remote Sensing Technology Global Market Report 2025 – Market Size, Trends, And Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, February 5, 2025 /EINPresswire.com/ -- The remote sensing technology market has experienced significant growth in recent years. It is expected to increase from $17.14 billion in 2024 to $18.48 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%. This growth is primarily driven by factors such as environmental monitoring and climate research, precision agriculture, management of natural resources, urban planning and infrastructure development, and disaster response and management.
How Big Is the Global Remote Sensing Technology Market Expected to Grow, and What Is Its Annual Growth Rate?
The remote sensing technology market is projected to experience significant growth in the coming years. It is expected to reach $29.87 billion by 2029, with a compound annual growth rate (CAGR) of 12.8%. This growth in the forecast period is driven by rising demand for earth observation data, the rapid expansion of satellite constellations, the emergence of new remote sensing platforms, greater accessibility for small and medium-sized enterprises (SMEs), and regulatory support along with standards development. Key trends to watch include advancements in hyperspectral imaging, the rapid rise of unmanned aerial vehicles (UAVs) or drones, enhanced spectral and spatial resolution, a focus on privacy and ethical use, and expansion into new industry sectors.
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What Is Driving the Growth of the Remote Sensing Technology Market?
The increasing use of precision farming technology is fueling the growth of the remote sensing technology market. As the global population continues to grow rapidly and climate change impacts agriculture, the farming industry is undergoing significant changes, putting additional pressure on the food supply chain. Precision farming involves utilizing technology to optimize food production, offering economic benefits like cost reduction and higher production levels, while also providing environmental advantages.
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Which Leading Companies Are Driving The Growth Of The Remote Sensing Technology Market Share?
Major companies operating in the remote sensing technology market include Thales Group, Environmental Systems Research Institute Inc., General Dynamics Mission Systems Inc.
What Are The Key Trends Driving The Growth Of The Remote Sensing Technology Market Size?
Technological innovation is a major trend gaining traction in the remote sensing technology market. Leading companies in the sector are concentrating on offering cutting-edge solutions to enhance their market presence. These companies are incorporating next-generation remote sensing technologies into their devices, including active sensors, LiDAR, InSAR, PSInSAR, SAR, SRT, SqueeSAR, passive sensors, UAVs, and more. These technologies gather data about physical objects through remote measurements, without requiring direct contact with the targets.
How Is the Global Remote Sensing Technology Market Segmented?
The remote sensing technology market covered in this report is segmented –
1) By Technology: Active Remote Sensing, Passive Remote Sensing
2) By Platform: Satellite, Aerial Systems
3) By Application: Landscape Assessment, Security, Air Quality, Hydrology, Forestry, Floodplain Mapping And Emergency Management, Healthcare
4) By End User: Military And Intelligence, Weather, Disaster Management, Agriculture And Living Resources, Infrastructure
Subsegments:
1) By Active Remote Sensing: Radar Systems, Lidar, Sonar Systems
2) By Passive Remote Sensing: Optical Sensors, Infrared Sensors, Multispectral And Hyperspectral Sensors
The Leading Region in the Remote Sensing Technology Market is:
North America was the largest region in the remote sensing technology market in 2024. The regions covered in the remote sensing technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is the Remote Sensing Technology Market?
Remote sensing technology involves both active and passive sensing methods used to gather information and analyze the physical properties of objects. The goal of remote sensing is to detect and monitor an area from a distance by measuring its reflected and emitted radiation. This technology includes LiDAR, specialized cameras, radar scanning, and other techniques.
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