Research
Nester has released a report titled “Globaland Southeast Asia Satellite Remote
Sensing Market: Demand Analysis
& Opportunity Outlook 2028” which also includes some of the
prominent market analyzing parameters such as industry growth drivers,
restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y)
growth comparisons, market share comparisons, BPS analysis, SWOT analysis and
Porter’s five force model.The global
and southeast
Asia satellite remote sensing market has shown significant growth in the
past years on account of development in remote sensing technology, data
communication and computational models. Backed by these factors, the global and
southeast Asia satellite remote sensing market is estimated to witness
significant growth over the coming years. Additionally, the data gained by
remote sensing satellites from observing Earth, stimulates the development of
research institutions, application sector and global industries, that have a
profound influence on the study of the Earth. In 2019, the global and
southeast Asia satellite remote sensing market accounted for a market value of USD 6921
million in 2019 and is expected to grow at a CAGR of 6.2% over the
forecast period i.e. 2020-2028.Read More @ https://www.researchnester.com/reports/global-and-southeast-asia-satellite-remote-sensing-market/2816Regionally,
the global and southeast Asia satellite remote sensing market is segmented into
North America, Latin America, Europe, South East Asia
(SEA), Asia Pacific (Except SEA) and Middle East & Africa. Among the
market in these regions, the market in North America is projected to witness
the highest growth and is anticipated
to reach USD 4,640.2 million by 2028, at a CAGR of 5.2% over the forecast
period.
The growing developments in this region coupled with rising investment in space
technology across the countries of North America have led to implementation and
launch of satellites integrated with remote sensing technology. These are being
used in various industry verticals such as governmental agencies, defense
agencies, special operational organizations, research institutes and others. The global
and southeast Asia satellite remote sensing market is segmented on the basis of
application into meteorology, earth
observations, mapping and navigation and others. Among these segments, the
earth observation segment accounted for 46.5% of the market share in 2019 and anticipated
to grow at a significant CAGR over the forecast period. The growing development and improvement in the
research work is a major factor to drive the earth observation segment’s growth
over the forecast period. The application of satellite remote sensing in
mapping and navigation segment is being driven by the developments in the
modern mapping technology. It helps to provide precise and high-resolution
results and serve as the major component to promote and improve the geographical
research.Rising
Demand For Satellite Remote Sensing In Meteorological and Earth Observation
Applications to Drive
the Market Growth
The increasing demand for satellite remote sensing in
meteorology is expected to drive the growth of the overall market during the
forecast period. The satellite remote sensing is extensively used for
integrated planning and resource management for national development across the
globe. The data obtained from satellite remote sensing is further used to
protect the global environment, achieve sustainable development and reduce
disaster losses.However, lack of trained remote sensing experts across the globe
and the accuracy assessment of the
satellite’s remotely sensed data for application such as disaster monitoring, are
estimated to act as barriers to the growth of the global and southeast Asia
satellite remote sensing market during the forecast period. This report also provides the existing
competitive scenario of some of the key players of the global and southeast Asia
satellite remote sensing market which includes company profiling of Airbus S.A.S
(EPA: AIR), Ball Corporation (NYSE: BLL), Boeing (NYSE: BA), SpaceX, Planet
Labs Inc, Thales Group (EPA: HO), Lockheed Martin Corporation (NYSE: LMT),
DigitalGlobe and others. The
profiling enfolds key information of the companies which comprises of business
overview, products and services, key financials and recent news and
developments. Conclusively, the report titled “Global and Southeast Asia
Satellite Remote Sensing Market
–Demand Analysis & Opportunity Outlook 2028”, analyses the overall satellite
remote sensing industry to help new entrants to understand the details of the
market. In addition to that, this report also guides existing players looking
for expansion and major investors looking for investment in the global and
southeast Asia satellite remote sensing market in the near future. Request Report Sample@ https://www.researchnester.com/sample-request-2816Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.Contact for more
Info:
AJ Daniel
Email: info@researchnester.com
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