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TMCNet:  Research and Markets: Global Remote Sensing Technology Market 2011-2015 Report Discusses That Complexity in Data Interpretation Is One of the Major Challenges

[November 15, 2012]

Research and Markets: Global Remote Sensing Technology Market 2011-2015 Report Discusses That Complexity in Data Interpretation Is One of the Major Challenges

DUBLIN --(Business Wire)--

Research and Markets ( has announced the addition of the "Global Remote Sensing Technology Market 2011-2015" report to their offering.

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 (News - Alert) Corp., Northrop Grumman Corp., and Raytheon Co.

Other vendors mentioned in the report: Leica Geosystems Holdings AG, Thales Group, ITT (News - Alert) 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.

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