‘Global RS market to reach $12.1 billion by 2019’

‘Global RS market to reach $12.1 billion by 2019’

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US: According to a new study by BCC Research LLC, the global market for remote sensing technologies – from LiDAR and digital imagery to thermal and hyperspectral – should reach $12.1 billion by 2019. The study further pointed out that advances in GIS technology has “blurred previous qualitative distinctions” between very expensive satellite platforms, moderately expensive airborne platforms, and low-cost unmanned aerial system platforms.

The global market for remote sensing products is expected to reach $7.6 billion this year and grow to $8.1 billion in 2014, according to the study, which forecasts 20 end-user markets in 39 countries.

Source: Spar point group