Global and Southeast Asia $7 Billion Satellite Remote Sensing Market Outlook to 2028
DUBLIN, March 18, 2021 /PRNewswire/ -- The "Global and Southeast Asia Satellite Remote Sensing Market Outlook 2028" report has been added to ResearchAndMarkets.com's offering.
In 2019, the global and southeast Asia satellite remote sensing market accounted for a market value of around USD 7000 million in 2019 and is expected to grow at a CAGR of 6.2% over the forecast period i.e. 2020-2028.
Developments in remote sensing technology, computing methods, data communications and computational models, are some of the factors that are projected to create tremendous growth opportunities for the global and southeast Asia remote sensing satellite market. Also, satellite remote sensing is used for various purposes such as effective bio-diversity management programs, natural resource monitoring, weather forecast & monitoring and others.
Various development & testing projects such as construction of a visible wavelength camera to detect convective storm dynamics from remote sensing satellites in order to sense lightning strikes, are anticipated to drive the market growth. The growing demand for remote sensing satellites for Earth observation is anticipated to drive the growth of the overall market during the forecast period.
The Earth observation based on remote sensing satellite provides value added solutions to the organizations regarding data and asset management. Additionally, the enhancement of various equipment for image processing and geographical information is providing better performance, which in turn is driving the adoption of remote sensing satellites for Earth observation across the globe.
The growth of this segment is mainly on account of increasing demand in numerous end use industries for satellite remote sensing, such as defense, government departments, the building and construction sectors, forestry and agriculture, and many others. The technology utilized for various purposes such as navigation, observation and gathering of information needs the hardware components in connection with the whole system to perform the operations. Growing innovation and advances in space-based technology have spurred the demand for different end-use sectors, contributing to the development of the global and southeast Asia satellite remote sensing market.
8.2. Global and Southeast Asia Satellite Remote Sensing Market Segmentation, 2019-2028F
9. North America Satellite Remote Sensing Market Outlook
10. Europe Satellite Remote Sensing Market Outlook
11. Southeast Asia Satellite Remote Sensing Market Outlook
12. Asia-Pacific except SEA Satellite Remote Sensing Market Outlook
13. Latin America Satellite Remote Sensing Market Outlook
14. Middle East and Africa Satellite Remote Sensing Market Outlook
15. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/3nbowx
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