Satellite Remote Sensing Global Market Report 2023: Machine Learning Opens New Frontiers in Satellite Imagery Analysis

DUBLIN, Feb. 28, 2023 /PRNewswire/ -- The "Satellite Remote Sensing: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Satellite Remote Sensing Market to Reach $7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Satellite Remote Sensing estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$7 Billion by 2030, growing at a CAGR of 10.3% over the analysis period 2022-2030. Military & Intelligence, one of the segments analyzed in the report, is projected to record a 9.5% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Agriculture & Living Resources segment is readjusted to a revised 10.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 12.6% CAGR

The Satellite Remote Sensing market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 9.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Select Competitors (Total 57 Featured) -

• Airbus Defence and Space
• Ball Aerospace & Technologies Corp.
• Boeing Company
• DigitalGlobe
• Esri
• ImageSat International N.V.
• Maxar Technologies Ltd.
• Mitsubishi Electric Group
• Planet Labs, Inc.
• Satellite Imaging Corporation (SIC)
• Thales Group
• UrtheCast

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Machine Learning Opens New Frontiers in Satellite Imagery Analysis
• Satellite Imagery Data Presents Intriguing Gameplay for AI Applications
• Innovations in Sensor Technology Paving Way for Commercialization of Space Technology
• Developments in GIS Technologies Widen Image
• Satellite Remote Sensing Momentum Enables Pathways to Understand Earth System
• High Resolution Satellite Imaging Enables in-depth Tapping of Data
• Big Data Results in Demand for Advanced Software Solutions
• Private Sector Investments on Satellite Imagery Continue to Rise
• Government Agencies Rely Satellite Remote Sensing for Various Purposes
• Military & Intelligence: Key Application Segment
• Oil & Gas Entities Rely on Satellite Remote Sensing for New Site Exploration & Infrastructure Monitoring
• Utilities & Gas Distribution Firms Prioritize Satellite Imagery for Pipeline Corridor Planning
• Satellite Remote Sensing Makes Steady Progress in the Mining Sector
• Gold: A Widely Explored Mineral with Satellite Imagery
• Rising Focus on Insurance GIS in the Insurance Sector Bodes Well for Market Growth
• Growing Opportunities in Agriculture & Living Resources Vertical
• Satellite Platforms Come to Fore in Precision Farming
• Remote Sensing Holds Center-Stage Stance in Forest Monitoring & Management
• Weather Monitoring & Forecasting: High-Growth Vertical
• Satellite Platforms for Weather Monitoring & Forecasting: An Overview
• Satellites Extend their Proficiency in Monitoring Synoptic Weather Systems
• Satellites Easily Predict & Forecast Tropical Cyclones
• Growing Adoption in Disaster Management Applications
• Satellite Remote Sensing Gains Precedence in Marine Applications
• Satellite Remote Sensing for Effective Biodiversity Management Programs
• Natural Resources Monitoring Made Convenient with Satellite Imagery
• Advancements in Remote Sensing Technologies for Biodiversity Monitoring
• Satellite Remote Sensing to Help Evade Famine Impact
• Volcanic Zone Identification with Satellite Remote Sensing
• Satellite Remote Sensing Grabs Attention to Monitor & Map Alien Invasive Plants

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/t2yf5f-remote?w=5

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SOURCE Research and Markets