This change is shifting the industry’s economic center away from its pioneers rooted in the defense and intelligence segments of the aerospace industry and toward small entrepreneurially driven enterprises. While the cost of creating remote sensing products will fall from tens of dollars to as little as pennies expanded global demand will increase the value of the global business at a double-digit compound annual growth rate (CAGR).
BCC Research examines the remote sensing products in its report, Remote Sensing Technologies and Global Markets (IAS022E). Global market revenues should reach nearly $8.9 billion and $13.8 billion in 2016 and 2021, respectively, reflecting a five-year CAGR of 9.3%.
- Gain information about the industry, with descriptions of important applications including weather forecasting, intelligence gathering, climate change, and public health
- Understand how recent technological changes will alter the market
- Learn about the major patents and remote sensing research programs
- Review forecasts of remote sensing application areas and supporting data