Oct 7 2014
Research and Markets has announced the addition of the "Global Environmental Sensing and Monitoring Market 2014-2018" report to their offering.
The Global Environmental Sensing and Monitoring market to grow at a CAGR of 5.4% over the period 2013-2018
Environmental sensors are devices that detect the changes that take place in the environment such as change in humidity and temperature. Rapid population growth, industrialization, and agricultural activities have led to the deterioration of air, soil, and water quality levels over the decades, thereby affecting the biological life and ecosystem. Environmental sensing and monitoring technologies are used in various fields such as in forest fire detection, air pollution monitoring, greenhouse monitoring, and landslide detection.
One of the major trends emerging in this market is the rapid technological advances in sensor technology. Increasing demand for sophisticated functionalities in various electronic devices has led to the technological advances in sensors.
According to the report, the variety of applications for environmental sensing and monitoring technologies is one of the most important factors driving the growth of the market. Environmental sensors are used for various purposes such as sensing moisture, detecting temperature fluctuations, and identifying changes in chemical and biological conditions in the environment.
Further, the report states that the inconsistency in government policies is one of the major challenges faced by the market because any abrupt change in government policies would result in added expenditure for the market players.
The Global Environmental Sensing and Monitoring market can be segmented into three divisions:
- Terrestrial
- Atmospheric
- Marine
Key Vendors
- General Dynamics
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Thales Group
For more information visit http://www.researchandmarkets.com/research/zm64rd/global
Source: http://www.researchandmarkets.com/