Middle East & Africa Remote Sensing Technology Market Size & Outlook
The remote sensing technology market in Middle East & Africa is expected to reach a projected revenue of US$ 4,186.4 million by 2030. A compound annual growth rate of 13.7% is expected of Middle East & Africa remote sensing technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,700.4
Forecast, 2030 (US$M)
$4,186.4
CAGR, 2024 - 2030
13.7%
Report Coverage
Middle East & Africa
MEA remote sensing technology market highlights
- The MEA remote sensing technology market generated a revenue of USD 1,700.4 million in 2023.
- The market is expected to grow at a CAGR of 13.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 1,700.4 million |
| Market revenue in 2030 | USD 4,186.4 million |
| Growth rate | 13.7% (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 |
| 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, MEA region accounted for 8.6% 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 |
|---|---|---|---|---|
| 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 |
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