Key Factors for Growing Remote Sensing Services Market by 2022

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The Remote Sensing Services Market is projected
to grow from 10.68 Billion in 2017 to 21.62
Billion by 2022, at a CAGR of 15.14 during the
forecast period. The increasing use of remote
sensing services in defense and commercial
applications is one
of the factors of the
most driving remote
significant the growth sensing
services
market. Furthermore, the introduction of Big
Data analytics in remote sensing and growth of
the cloud computing market are anticipated to
fuel the demand for remote sensing
services. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id87605355 Based on platform, the
satellites segment is projected to lead the
remote sensing services market during the
forecast period. The growth of the satellites
segment can be attributed to the increased
demand for Earth observation satellites to obtain
valuable information for mapping, mineral
exploration, land-use planning, resource
management, and other activities. These
satellites provide data in spatial, temporal,
and spectral resolutions to cater to various
application requirements. Based on platform, the
UAVs segment of the remote sensing services
market is projected to grow at the highest CAGR
from 2017 to 2022. UAVs are considered to be the
most preferred remote sensing platform. UAV-based
remote sensing services are used for large-scale
mapping, real-time assessment, and monitoring
activities of various applications, such as
precision farming, 3D terrain model construction,
damage assessment, geohazard mapping, and
mineral exploration. Based of resolution, the
spatial segment is anticipated to lead the remote
sensing services market during the forecast
period, owing to the increasing demand for high-
resolution systems and critical measurements.
High spatial resolution images can allow users
to differentiate between two objects that are
within close proximity to each other, which, in
turn, is expected to drive the demand for spatial
resolution data in commercial and defense
applications. North America led the remote
sensing services market in 2017, owing to the
increasing demand for remote sensing services in
various sectors, such as oil gas, mineral
exploration, agriculture, energy power, earth
observation, search rescue, weather
forecasting, scientific research, forest
industry, and oceanography. However, the market
in the Asia Pacific region is projected to grow
at the highest CAGR from 2017 to 2022, owing to
the high demand for remote sensing services in
various
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applications, such as precision farming, 3D
terrain model construction, damage assessment,
pipeline monitoring, geohazard mapping, mineral
exploration, and defense and intelligence. Factor
s such as interoperability issues and huge
initial investments are acting as restraints to
the growth of the remote sensing services
market. Key Market Players Key players
operating in the remote sensing services market
include Antrix Corporation (India), DigitalGlobe
(US), EKOFASTBA (Spain), Geo Sense (Malaysia),
Mallon Technology (UK), Remote Sensing Solutions
(Germany), and Satellite Imaging Corporation
(US), among others. Ask for Sample Report
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