Research and Markets has added another report to its collection, titled, “Global Remote Sensing Technology Market 2011-2014".
The analysts of TechNavio have projected that the market for global remote sensing technology will increase by 6.6% CAGR between 2011 and 2014. The increased usage of the remote sensors by many industries is a major factor for the growth rate. The progression in aerial remote sensing technology will also contribute for the higher growth rate. Nevertheless, the growth rate may be influenced by the changing policies of the government.
The report covers the landscape and growth scenario of the global remote sensing technology in the forthcoming years. It includes the APAC and EMEA and American regions. The important players in the market including Raytheon, Lockheed Martin, General Dynamics and Northrop Grumman are also discussed in this report.
One of the analyst from TechNavio's Enterprise Applications team stated that the transition to digital sensor technology is evident as they offer direct geo-registration and elevation collection. The transition has helped in developing new urban mapping and infrastructure inventory and analysis sector. The sensor technologies have become more diverse in the previous years. For example, geo-located information can be easily accessed using digital aerial cameras, which are inbuilt with on-board GPS and inertial measurement.
The report states that the multispectral data are replaced with hyperspectral data by data users. Growth in major areas of hyperspectral sensor systems, LIDAR and SAR for airplanes can be observed. The affordable, advanced sensor systems with coverage for a wider area are expected to provide automated feature identification, detection and classification. Through the modification in the detection technology, agriculture, forestry and defense sectors will gain significant benefits.
Source: http://www.researchandmarkets.com/