New Study from StrategyR Highlights a $32 Billion Global Market for Remote Sensing Services by 2026
Saturday, October 30, 2021
SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Remote Sensing Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 424
Companies: 46 - Players covered include Antrix Corporation Ltd.; Cyberswift LLC; DigitalGlobe; Ekofastba S.L; Geo Sense Sdn. Bhd.; Mallon Technology; Remote Sensing Solutions.; Satellite Imaging Corporation (SIC); SpecTIR LLC.; Terra Remote Sensing Inc.; The Airborne Sensing Corporation; The Sanborn Map Company, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Defense, Commercial); Platform (Satellites, UAVs, Other Platforms); Resolution (Spatial, Spectral, Radiometric, Temporal)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Remote Sensing Services Market to Reach $32 Billion by 2026
Amid the COVID-19 crisis, the global market for Remote Sensing Services estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$32 Billion by 2026, growing at a CAGR of 14.5% over the analysis period. Satellites, one of the segments analyzed in the report, is projected to record a 14% CAGR and reach US$20.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the UAVs segment is readjusted to a revised 16.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.9 Billion in 2021, While China is Forecast to Reach $5.6 Billion by 2026
The Remote Sensing Services market in the U.S. is estimated at US$4.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2026 trailing a CAGR of 14% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR(TM)
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
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