The Asia Pacific Remote Sensing Technology Market would witness market growth of 11.5% CAGR during the forecast period (2020-2026). Remote sensing technology is utilized for acquiring data about the surface of the earth and to examine its physical features. It utilizes reflected and radiated light from airplanes and satellites without the requirement for physical contact with the surface region under examination. The market is chiefly driven by the expanding number of earth observation ventures by various space agencies. For example, the Indian Space Research Organization (ISRO) has thirteen satellites for the observation of earth to date and plans to introduce ten earth observation satellites during 2020-2021. The outbreak of the COVID-19 pandemic led various nations to force severe lockdown measures. This prompted an expansion in the adoption of Remote sensing technology to screen and check the spread of infections and record environmental changes.
The increasing adoption of accurate cultivating is anticipated to increase market development over the forecast period. The innovation is utilized to distinguish crop conditions, decide the soil content, for example, moisture, and gauge the harvest production. The well-being of crops is detected utilizing Remote sensing technology to decrease the utilization of fertilizer, which decreases extra expenses incurred by farmers. Besides, the outbreak of the COVID-19 pandemic has prompted the demand for Remote sensing technology to screen and check the spread of the infection. The innovation also assists with monitoring the concentration of population, determine the patterns of mobility, and report environmental changes.
The segment of disaster management is foreseen to enlist the significant CAGR during the forecast period. The innovation gives indispensable data associated with catastrophic events, for example, storm and eruption of the volcano. The accessibility of constantly up-to-date information assists authorities with making better choices related to evacuation operation and moves to be made post the calamity. The application segment additionally contains agriculture and living assets, infrastructure, climate, and others.
Based on Technology, the market is segmented into Active and Passive. Based on Platform, the market is segmented into Aerial Systems and Satellite. Based on End User, the market is segmented into Military & Intelligence, Weather, Disaster Management, Agriculture & Living Resources, Infrastructure and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Remote Sensing Technology Market in Asia Pacific is expected to register a CAGR of 11.5% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Maxar Technologies, Inc. (DigitalGlobe, Inc.), General Dynamics Corporation, Hexagon AB, Lockheed Martin Corporation, Planet Labs, Inc., Teledyne Technologies, Inc. (Teledyne DALSA, Inc.), UrtheCast Corporation, Honeywell International, Inc., Thales Group S.A., and Northrop Grumman Corporation.
Market Segmentation:
By Technology
By Platform
By End User
By Country
Companies Profiled
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