U.S. Remote Sensing Technology Market To Reach $10.70 Billion By 2030

U.S. Remote Sensing Technology Market Growth & Trends

The U.S. remote sensing technology market size is expected to reach USD 10.70 billion by 2030, growing at a CAGR of 9.8% from 2023 to 2030, according to a recent report by Grand View Research, Inc. Increasing adoption of remote sensing technology from farmers as it aids them in understanding crop type classification, assessing crop growth, and estimating crop yield, which is a major factor expected to drive the growth of the U.S. market for remote sensing technology. Modern food production and agriculture systems face pressure due to dwindling land and water availability for irrigation, climate change, and increased production costs.

Technological and scientific innovations are required to secure sufficient food for the fast-growing global population. For instance, NASA Acres Consortium, NASA’s U.S.-focused agriculture and food security program, focused on applying satellite Earth Observation (EO) information to the agricultural and food security challenges faced by farmers, ranchers, and agrifood system stakeholders based in the U.S. To boost the U.S. agricultural sector, NASA Acres collaborated with individuals across the farm sector to develop EO-based data and solutions. To provide U.S. agriculture decision-makers with the advantages of NASA data and tools, the consortium model brings together the public and private sectors and enables flexible collaborations and quick action.

Likewise, GIS and remote sensing collectively help environmental decision-makers and scientists optimize global data and information sharing, enable resource allocation, and promote cost-efficient and effective environmental risk assessment and management practices. As industrialization and population growth put more pressure on the Earth's environment, remote sensing, and GIS are expected to become critical for environmental risk assessment and management.

Remote sensing poses several challenges, despite making complex issues more accessible and usable. Managing massive amounts of data in complex data formats with difficult processing is one of the main problems. These challenges are expected to limit its adoption among end users, further limiting the growth of the U.S. remote sensing technology industry.

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U.S. Remote Sensing Technology Market Report Highlights

• Based on technology, the passive remote sensing segment is anticipated to register the fastest CAGR over the forecast period. Passive remote sensing technology measures the reflected sunlight from the earth’s surface to monitor and analyze surface characteristics

• Based on application, the disaster management segment is anticipated to register the fastest CAGR over the forecast period. By identifying risk zones related to flood plains, coastal flooding and erosion, and active faults, remote sensing can help risk reduction initiatives, thereby expected to drive segment growth

• Based on platform, the aerial systems segment is anticipated to register the fastest CAGR over the forecast period. Aerial systems platform decreases human error and increases surveying and area accuracy overall. They can also assist in surveying inaccessible places through satellite images, improving utility

U.S. Remote Sensing Technology Market Segmentation

Grand View Research has segmented the U.S. remote sensing technology market based on technology, application, and platform:

U.S. Remote Sensing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Active Remote Sensing

• Passive Remote Sensing

U.S. Remote Sensing Technology Application Outlook (Revenue, USD Million, 2018 - 2030)

• Agriculture & Living Resources

• Military & Intelligence

• Disaster Management

• Infrastructure

• Weather

• Others

U.S. Remote Sensing Technology Platform Outlook (Revenue, USD Million, 2018 - 2030)

• Satellite

• Aerial Systems

List of Key Players in the U.S. Remote Sensing Technology Market

• Maxar Technologies

• Esri

• General Dynamics Mission Systems, Inc.

• Hexagon

• Lockheed Martin Corporation

• Orbital Insight

• Planet Labs PBC

• Raytheon Technologies Corporation

• Teledyne Technologies Incorporated

• Leidos