Remote Sensing Software Market Size, Share, Recent Trends, Analysis and Forecast 2022-2027
The global remote sensing software market size reached 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 CAGR of 11.80% during 2022-2027.
Remote sensing software refers to an application used for examining and processing data sensed from a distance to withdraw geographic information through satellite sensor intelligence and airborne sensor data. It is widely utilized in natural hazard study, resource exploration, environment study, land-use mapping and weather forecasting. This software functions by collecting data over vast spatial areas and monitoring the persistent changes occurring in that particular space to ease the process of decision making.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Remote Sensing Software Market Trends and Drivers:
One of the key factors driving the market is the extensive adoption of remote sensing software to interpret instant data and forecast natural hazards, in industries such as, defense, military and healthcare. In confluence with this, the increasing need for remote sensing geographic imaging and global positioning system (GPS) satellites for working on excessive geospatial data is catalyzing the market growth.
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Additionally, the launch of web-based management applications for solving various constraints related to the installation of image processing software packages and geographic information systems (GIs) is escalating the product demand. Besides, the rising application of remote sensing software in the agricultural sector to help farmers with data related to crop health, quality and climatic variables is inducing the market growth.
Furthermore, the significant investments and fundings in intelligent surveillance and reconnaissance (ISR) play loads and satellite communication, along with advanced remote sensing technology offered by manufacturers and the extensive research and development (R&D) activities creating a positive market outlook.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Remote Sensing Software Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BAE Systems plc, EOS Data Analytics Inc., Esri, Hexagon AB, L3Harris Technologies Inc., Merrick & Company, PCI Geomatics, Textron Systems (Textron Inc.) and Trimble Inc.
The report has segmented the market on the basis of region, component, deployment mode, application and end user.
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Application:
- Ground
- Satellite
- Airborne
Breakup by End User:
- Defense
- Commercial
Breakup by Region:
- 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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