Remote Sensing Technology Market – Overview:
In this technologically driven environment with development in each and every sector, the remote sensing technology market is coming up with whole new innovation in sensing technology. Remote sensing refers to the activities of recording, observing, perceiving (sensing) objects or events at remote places. In remote sensing, the sensors are not in direct contact with the objects or events being observed. The information needs a physical carrier to travel from the objects to the sensors through an intervening medium. The electromagnetic radiation is normally used as an information carrier in remote sensing.
The market segmentation of Remote Sensing Technology Market is done on technology and application. The segmentation on the basis of technology includes active sensing technology and passive sensing technology. Active sensor emits radiation which is directed toward the target to be investigated. The radiation reflected from the target is detected and measured by the sensor. Advantages for active sensors include the ability to obtain measurements anytime, regardless of the time of day or season. Active sensors can be used for examining wavelengths which are not sufficiently provided by the sun, such as microwaves and to better control the way a target is illuminated.
The prominent players in the remote sensing technology market are- General Dynamics Corp. (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Corporation (U.S.), Lockheed Martin Corporation (U.S.), Honeywell Technology Solutions Inc. (U.S.), ITT Corp. (U.S.), Thales Group (France), Lumasense Technologies, Inc. (U.S.), Leica Geosystems Holdings AG (Switzerland) among others.
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The regional analysis of remote sensing technology market in North America, Europe, Asia -Pacific and Rest of the World is as follows. Growing advancement in the remote sensing technology led to its expansion in land assessment techniques. The North-America market of remote sensing technology is leading because of the technological advancements and highly equipped and powerful defense force. Asia-Pacific region is expected to grow because of huge investment by government to enhance and strengthen defense technologies.
The Remote Sensing Technology Market is growing rapidly over 10% of CAGR and is expected to reach at USD 18 billion by the end of forecast period.
Remote sensing technology market segmentation on the basis of Technology and Application.
Remote Sensing Technology Market by Technology:
- Active Remote Sensing
- Passive Remote Sensing
Remote Sensing Technology Market by Application:
- Landscape Assessment
- Air Quality
- Water Quality
- Floodplain Mapping and Emergency Management
- Geology and Mineral Exploration
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- IT Solution Providers
- Government Organizations
- Research/Consultancy firms
- Sensors Manufacturers
- Technology Solution Providers
- Defense Force Organization
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