Global remote sensing products market to reach $8.1bn in 2014

Global remote sensing products market to reach $8.1bn in 2014

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US: The global market for remote sensing products is expected to reach $7.6 billion in 2013 and grow to $8.1 billion in 2014, according to a new research by BCC Research.

The report says that the market will reach $12.1 billion in 2019, and register a five-year compound annual growth rate (CAGR) of 8.2%. BCC Research has examined the market for remote sensing products from the perspective of their 20 end-user markets, the 10 general types of remote-sensing instruments, and the four types of remote sensing platforms. This report focuses exclusively on products created from platform-mounted remote sensors. BCC Research reviewed more than 700 companies to obtain data for this study.

Source: bccresearch.com