Research and Markets (http://www.researchandmarkets.com/research/w4cnbm/global_remote)
has announced the addition of the "Global
Remote Sensing Technology Market 2011-2015" report to their
TechNavio's analysts forecast the Global Remote Sensing Technology
market to grow at a CAGR of 6.74 percent over the period 2011-2015.
Key vendors dominating this market space include General Dynamics Corp.,
Lockheed Martin Corp., Northrop Grumman Corp., and Raytheon Co.
Other vendors mentioned in the report: Leica Geosystems Holdings AG,
Thales Group, ITT Corp., and Honeywell Technology Solutions Inc.
Commenting on the report, an analyst from TechNavio's Enterprise
Computing team sad: ''Though increasing adoption by the Defense,
Intelligence, and Security sectors continues to be a key growth driver
for the Remote Sensing industry, the emergence and growth of new markets
where remote sensed data can be used extensively are developing. For
instance, the Consumer Electronics and Automobile industries are
increasingly adopting remote sensing technology to enhance their
offerings with advanced features. Data customers especially prefer
higher resolution and improved positional certainty. Also, formal
engagement has encouraged greater certainty in remote sensors. Small
enterprises are also aiming to offer specialized value-added services on
both satellite and aerial products to meet varying customer needs. This
corresponds to the market connotation and will create opportunities for
a large number of companies doing business in the market.''
According to the report, though the Government sector is the major
end-user of remote sensors, growth in the commercial application of
remote sensing technology has been driven by several trends. One such
trend is the increasing ability of the Remote Sensing industry to
provide world-class remote sensing applications. In addition,
governments in many countries are alleviating their restrictions on the
data quality that could be made available for commercial use. Another
factor that is encouraging the growth of the industry is the ability to
distribute data quickly through the internet. The internet almost
eliminates the need for paper distribution of images and continues to
dominate the distribution process.
For more information visit http://www.researchandmarkets.com/research/w4cnbm/global_remote
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