September 30, 2022
remote sensing software market

The latest research study “Remote Sensing Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global remote sensing software market reached a value of US$ 1.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.92 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

Remote sensing software refers to an application used for examining and processing data sensed from a distance to withdraw geographic information through satellite sensor intelligence and airborne sensor data. It is widely utilized in natural hazard study, resource exploration, environment study, land-use mapping and weather forecasting. This software functions by collecting data over vast spatial areas and monitoring the persistent changes occurring in that particular space to ease the process of decision making.

Global Remote Sensing Software Market Trends and Drivers: 

One of the key factors driving the market is the extensive adoption of remote sensing software to interpret instant data and forecast natural hazards, in industries such as, defense, military and healthcare. In confluence with this, the increasing need for remote sensing geographic imaging and global positioning system (GPS) satellites for working on excessive geospatial data is catalyzing the market growth. Additionally, the launch of web-based management applications for solving various constraints related to the installation of image processing software packages and geographic information systems (GIs) is escalating the product demand. Besides, the rising application of remote sensing software in the agricultural sector to help farmers with data related to crop health, quality and climatic variables is inducing the market growth. Furthermore, the significant investments and fundings in intelligent surveillance and reconnaissance (ISR) play loads and satellite communication, along with advanced remote sensing technology offered by manufacturers and the extensive research and development (R&D) activities creating a positive market outlook.

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Remote Sensing Software Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 1.46 Billion
Market forecast in 2027US$ 2.92 Billion
Growth RateCAGR of 11.80% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredComponent, Deployment Mode, Application, End User and Region
Regional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiledBAE Systems plc, EOS Data Analytics Inc., Esri, Hexagon AB, L3Harris Technologies Inc., Merrick & Company, PCI Geomatics, Textron Systems (Textron Inc.) and Trimble Inc.
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization previewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Component:

  • Software
  • Services

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Application:

  • Ground
  • Satellite
  • Airborne

Breakup by End User:

  • Defense
  • Commercial

By Geography:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

List of Major Key Players:

The major players in the market are BAE Systems plc, EOS Data Analytics Inc., Esri, Hexagon AB, L3Harris Technologies Inc., Merrick & Company, PCI Geomatics, Textron Systems (Textron Inc.) and Trimble Inc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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