Global Remote Sensing Technology Market Size & Outlook
The global remote sensing technology market size was estimated at USD 19,817.3 million in 2023 and is projected to reach USD 42,638.1 million by 2030, growing at a CAGR of 11.6% from 2024 to 2030.
Revenue, 2023 (US$M)
$19,817.3
Forecast, 2030 (US$M)
$42,638.1
CAGR, 2024 - 2030
11.6%
Report Coverage
Worldwide
Global remote sensing technology market, 2018-2030 (US$M)
Global remote sensing technology market highlights
- The global remote sensing technology market generated a revenue of USD 19,817.3 million in 2023 and is expected to reach USD 42,638.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.6% by 2030.
- In terms of segment, active sensing accounted for a revenue of USD 19,817.3 million in 2023.
- Active Sensing is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 19,817.3 million |
| Market revenue in 2030 | USD 42,638.1 million |
| Growth rate | 11.6% (CAGR from 2024 to 2030) |
| Largest segment | Active sensing |
| Fastest growing segment | Active Sensing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Active Sensing |
Other key industry trends
- In terms of revenue, the North America accounted for 35.5% of the global remote sensing technology market in 2023.
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Remote Sensing Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orbital Insight | View profile | 101-250 | Palo Alto, California, United States, North America | http://www.orbitalinsight.com |
| Planet Labs PBC | View profile | 1180 | 645 Harrison Street, 4th Floor, San Francisco, CA, United States, 94107 | https://www.planet.com |
| Esri | View profile | 5001-10000 | Redlands, California, United States, North America | https://www.esri.com |
| Maxar Technologies | View profile | 1001-5000 | Westminster, Colorado, United States, North America | https://www.maxar.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Hexagon AB ADR | View profile | 24091 | Lilla Bantorget 15, Stockholm, Sweden, SE-111 23 | https://www.hexagon.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
Global remote sensing technology market size, by regions, 2018-2030 (US$M)
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