Remote Sensing Technologies and Global Markets
The global market for remote sensing products is expected to reach $7.6 billion by the end of 2013. This market is further expected to grow to $8.1 billion in 2014 and $12.1 billion in 2019, a compound annual growth rate (CAGR) of 8.2% over the five-year period from 2014 to 2019.
- An overview of the global market for remote sensing technologies, including four major remote sensing platforms, 10 key remote sensing instruments, and 20 applications that account for the bulk of the industry
- Analyses of global market trends, with data from 2012, estimates for 2013 and 2014, and projections of compound annual growth rates (CAGRs) through 2019
- Estimates of demand for remote sensing products by region, instrument by application, and platform by application
- An explanation of remote sensing image analysis techniques
- Reviews of remote sensing patents, including patent abstracts and the names of the inventors and original patent assignees
- Identification of the major organizations that form and support the global remote sensing community
- Comprehensive company profiles of major players.
This report focuses exclusively on products created from platform-mounted remote sensors. Instruments excluded from this study are:
- Instruments that require physical contact with a substance, such as flow gauges in stream monitoring and chromatographs and kindred laboratory instruments in air-quality investigations.
- Airport screening systems.
- Products created from instruments aboard platforms owned by the U.S. defense and intelligence communities and their foreign counterparts.
Frequently Asked Questions (FAQs)
James Wilson is a technology analyst, who has previously served as editor of the Princeton Business Journal and as senior science and technology editor for Hearst Magazines. He is a past member of the National Association of Science Writers and the American Medical Writers Association. Wilson served on the adjunct faculty of Temple University and on the staffs of Drexel University and the Academy of Natural Sciences.
The global remote sensing technologies market is estimated at $8.3 billion in 2011. It is expected to reach at $9.1 billion in 2012 and it will further grow to $12.4 billion by 2017 at a compound annual growth rate (CAGR) of 6.4%.
- Overall sales in the remote sensing products by platform were worth $7.7 billion in 2008, and increased to an estimated $8.2 billion in 2009. By 2014, it is projected to increase to $11 billion, for a 5-year compound annual growth rate (CAGR) of 6.1%.
- The largest segment in the market, space based platform was valued at $3.1 billion in 2008. This increased to an estimated $3.3 billion in 2009, and is projected to reach $4.4 billion in 2014, for a 5-year CAGR of 5.9%.
- Sales in the airborne platform segment were worth $2.2 billion in 2008, and were to increase to nearly $2.3 billion in 2009. By 2014, they are projected to increase to $3.1 billion, for a 5-year CAGR of 6.2%.
The total global market expenditures for remote sensing products were more than $7 billion in 2006 and should reach almost $7.3 billion in 2007. At a compounded annual growth rate (CAGR) of 6.3%, the market will reach more than $9.9 billion by 2012
Weather forecasting holds the highest share of the market throughout the forecast period, hovering at approximately 38% of the total global market through 2012
Public health applications have the highest growth potential. These products will be worth $402 million in 2007 and will grow at a CAGR of 10.9% to reach $675 million in 2012.