Latin America Remote Sensing Technology Market Size & Outlook
The remote sensing technology market in Latin America is expected to reach a projected revenue of US$ 2,897.1 million by 2030. A compound annual growth rate of 10.9% is expected of Latin America remote sensing technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,400.4
Forecast, 2030 (US$M)
$2,897.1
CAGR, 2024 - 2030
10.9%
Report Coverage
Latin America
Latin America remote sensing technology market, 2018-2030 (US$M)
Latin America remote sensing technology market highlights
- The Latin America remote sensing technology market generated a revenue of USD 1,400.4 million in 2023.
- The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, active sensing was the largest revenue generating technology in 2023.
- Active Sensing is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,400.4 million |
| Market revenue in 2030 | USD 2,897.1 million |
| Growth rate | 10.9% (CAGR from 2023 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 |
| Key market players worldwide | Maxar Technologies, Esri, General Dynamics Corp, Hexagon AB ADR, Lockheed Martin Corp, Planet Labs PBC, Orbital Insight |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.1% of the global remote sensing technology market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,852.0 million by 2030.
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Remote Sensing Technology Market Scope
Remote sensing technology market segmentation & scope
Application
Agrculture & Living Resources
Military & Intelligence
Disaster Management
Infrastructure
Weather
Others
PLatform
Satellite
Aerial Systems
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Remote Sensing Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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