Rising sensing software use in agriculture and defense field is driving the global remote sensing software market.
Covid-19 Impact & Market Status
Covid-19 affected the global remote sensing software market. At the same time, investigators are implementing remote sensing software tools to assist decision makers in implementing policies on economic damage assessments, environmental resilience, city reopening, and medical resource allocation. Thus global remote sensing software market may regain traction in forthcoming years. For example, Esri announced in March 2020 that the ArcGIS Hub Coronavirus Response template would be included with a complimentary six-month ArcGIS Online membership for ArcGIS Hub to assist public health agencies and other organisations in launching their response.
At a compound annual growth rate of 13.4%, the size of the worldwide Remote Sensing Software market is projected to reach USD 3,818 million in 2030.
ArcGIS Hub is a framework for creating a website that analysis and visualises a problem in the context of a community's or organization's population and assets. The remote sensing industry is predicted to grow significantly following the COVID-19 outbreak, owing to lockdown scenarios in every country and an increasing need to watch and map the pandemic's long- and short-term effects.
Because researchers are looking for innovative solutions to study the worldwide and regional implications of lock down and social distancing adherence, the pandemic has had a beneficial impact on the remote sensing software market growth. Furthermore, a number of space agencies throughout the world are implementing various remote sensing techniques to combat the spread of virus.
Web-based Software Segment Accounted for Highest Market Revenue
The web-based software segment accounted for highest market revenue and market share of global remote sensing market. The key factors such as increasing demand for advanced analytical tools and growing need for adopting advanced tools that analyze remotely sensed imagery and accessing GIS data. Web based remote sensing software has the ability to reduce GIS installation costs and image processing software packages. Thus web based remote sensing software is experiencing rapid demand thereby fostering its market share in global remote sensing software market.
Government & Defense Segment Dominated the Global Remote Sensing Software Market
The government & defense segment dominated the market and is projected to retain topmost position in terms of revenue contribution and highest CAGR in forecast years 2018-2028. The key factors such as growing demand for accurate high-resolution imagery, national security agencies and homeland security departments adopting advanced remote sensing software for better security and insights.
North America is The Dominant Region
Among all the aforementioned regions of global remote sensing software market, the North America is the most dominant region. The key factors such presence of developed countries like United States and Canada, constantly rising archaeological and anthropological research activities, innovations in archaeological remote sensing technologies. Furthermore, innovations in satellite based remote sending technologies to boost aerospace dominance of North America, technology companies, aerospace firms like The Boeing Company, Lockheed Martin Corporation, etc, and advancements in insurance design and predictive analytics is boosting North America’s market share in global remote sensing software market.
The exponential rise in adoption of innovative approaches for increasing security, emergency preparedness, and to boost agricultural production is furthering the global remote sensing software market.
Owing to benefits such as ability to survey large and inaccessible data, quick analysis of cloud data, better calibration, easy mobility in response to short-term disruptions, inexpensive, the remote sensing software is experiencing rapid adoption thus fostering remarkable progress in global remote sensing software market.
Remote sensing software is a software solution or platform that analyses remotely sensed data or information on the qualities of places such as land, water, and atmosphere with the use of remote sensors positioned some distance from the objective. It is a geographic information system that collects data from satellites, ground-based or air-based information system. Remote sensing software is a software solution or platform that uses remote sensing to handle remotely sensed data or information regarding features of places such as land, sea, and atmosphere.
These programmes are comparable to graphics software in that they allow for the creation of geographic data using data collected by aerial, ground-based, and satellite sensors. Weather forecasting, land-use mapping, natural hazards research, environmental research, and resource discovery are just a few of the uses. Computers are used to store and manipulate data collected using remote sensing software.
Its uses include weather forecasting, environmental research, land-use mapping, natural hazards research, and resource exploration. Computers typically store and manipulate data collected using remote sensing software. technological advancements in remote sensing technologies, growing requirement for remote sensing technologies in defense organizations and defense applications, adoption of GIS applications for environment, weather forecasting is fostering remarkable progress in global remote sensing software market.
However, constraints such as regulatory concerns, a lack of comprehensive government rules, and greater initial investments for the commissioning of remote sensing systems may stymie the growth of the global remote sensing software market over the projection period.
Furthermore, governments heavily investing in advanced satellite communication technologies, growing Surveillance, and Reconnaissance (ISR) are anticipated to be growth opportunity to the global remote sensing software market.
The major players in Global Remote Sensing Services Market are Space Exploration Technologies, Boeing, Lockheed Martin, Ball, Antrix, Spectir, Satellite Imaging Corporation, Remote Sensing Solutions, Mallon, BHD, GEO Sense SDN, Ekofastba, Digitalglobe, Cyberswift, Terra Remote Sensing, The Airborne Sensing Corporation, and Sanborn Map Company among others.
Latest Innovations in the Remote Sensing Software Market: a Snapshot
- Changes in Remote Sensing and Earth Observation- In the last decade or two, remote sensing and earth observation have seen significant changes as a variety of new observation platforms have become accessible, and scientists and researchers have been swamped with fresh data.
- Improved Search Capabilities-With the massive influx of data, much of it available for free, new organisations have sprung up to specialise in discovering relevant info for consumers. Apollo Mapping and SkyWatch, for example, have specialised in locating the correct type of data for the needs of businesses and others.
- For example, the National Aeronautics and Space Administration (NASA), the Japan Aerospace Exploration Agency (JAXA), and the European Space Agency (ESA) created a collaborative web-based remote sensing dashboard in June 2020 to follow COVID-19 impacts based on earth observation data. This COVID-19 Earth Observation Dashboard combines remotely sensed data and satellite imagery from a variety of satellite data sets to follow and visualise changes in water and air quality, climate change, agricultural, and economic activity as a result of the epidemic.
Remote Sensing Software Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 3,818 million|
|Growth Rate||CAGR of 13.4 % during 2022-2030|
|Segment Covered||By Component, By Deployment Mode, TypeRegion|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||BAE Systems, Clark Labs, Earth Observing System, ESRI, Harris Geospatial Solutions, Inc., Hexagon AB, MERRICK & COMPANY, PCI Geomatics, Textron Systems, Trimble Inc.|
Key Segments of the Remote Sensing Software Market
Application Overview, 2018-2028 (USD Million)
- Ground based
Component Overview, 2018-2028 (USD Million)
Deployment Mode Overview, 2018-2028 (USD Million)
End User Overview, 2018-2028 (USD Million)
- Defense Organizations
- Homeland Security
- Other Defense Agencies
- Energy & Power
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa