Remote Sensing Technologies and Global Markets

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%. The highest revenue contributor is space based remote sensing technology products, which is estimated at $3.3 billion in 2011. It is expected to reach at $3.6 billion by 2012 and it will further grow to $5.0 billion by 2017 at a compound annual growth rate (CAGR) of 6.8%. The revenues from airborne products are estimated at $2.3 billion in 2011. It is expected to reach at $2.6 billion by 2012 and it will further grow to $3.1 billion by 2017 at a compound annual growth rate (CAGR) of 5.5%.

Additional Information

INTRODUCTION

Remote Sensing Technologies and Global Markets describes the fundamentals of remote sensing technology and provides 2012 through 2017 forecasts for what BCC Research envisions developing into a $12.4 billion industry. The report is divided into 27 chapters, 20 of which individually focus on the 20 largest and most robust technologies.

STUDY GOALS AND OBJECTIVES

Substantial technological and economic changes have taken place in the remote sensing market since BCC Research most recently explored the topic in its 2009 Market Research Report titled Remote Sensing Technologies and Global Markets. This study describes the current state of the industry in light of those developments. It specifically examines and provides 2012 through 2017 forecasts for:

four major remote sensing platforms
10 key remote sensing instruments
20 applications that account for the bulk of the industry.

REASONS FOR DOING THE STUDY

Remote sensing continues to evolve as one of the most powerful, dynamic, and useful analytic tools of modern science. Since BCC Research last visited the topic in 2009, remote sensing has moved further from its technological roots as instrumentation for space exploration and Earth observation into the commercial mainstream. Customers of remote sensing products today include not only the discipline’s core constituency in the defense and geophysical communities, but also hundreds of millions of individuals who rely upon the technology for personal and business decision making. While the global financial crisis triggered by the 2008 recession reduced the demand for remote sensing products in 16 of 20 application areas, that setback proved to be short lived. One reason is the migration of numerous remote sensing products to portable access devices, such as smart phones and tablet computers. Another reason is the enormous productivity increases that remote sensing products bring to municipal and county government operations. The net result of those industry-wide shifts leads BCC Research to conclude that the global market for products created with remotely sensed data will reach $12.4 billion by the end of the 2012 to 2017 forecast period.

INTENDED AUDIENCE

This study will be of interest to executives and investors in industries serving the 20 application areas that define the remote sensing market, and manufacturers and marketers of remote sensing instrument and platforms. It will be equally useful for decision-makers for national and state governments, multinational organizations, and non-governmental organizations (NGOs).