Remote Sensing Technology Global Market Key Players - Northrop Grumman Corporation, Raytheon Corporation, Lockheed Martin Corporation

Market Highlights

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.

The market segmentation of remote sensing technology 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.

Major Key Players

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)

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Market Segmentation
The remote sensing technology market has been segmented on the basis of technology and application. Remote sensing in agriculture produces precise prescriptions for precision agriculture, the agriculture yield increases and expenses for chemicals, fertilizers and water are decreased. This combination results in higher profit margins for farmers and agricultural producers.

Market Research Analysis:
Market Research Future Analysis shows the remote sensing in oceanography, is to determine ocean color and remote sensing algorithms to distinguish different types of water, and the constituents that determine a particular color. An accurate algorithm can calculate the effectiveness of suspended particles in the muddy water and the concentration of chlorophyll in turbid and clear water.

Regional analysis for remote sensing technology market is studied in different geographic regions as North America, Europe, Asia-Pacific and Rest of world. North America region is mainly dominating the market because of advanced technology implementation in remote sensing and its application. The European region is also gaining growth because of increase demand of remote sensing devices in projects such as inventories of real emissions of vehicle fleets and identification of high emitters in dynamic payment schemes based on the level of the emissions of a vehicle and creation of consciousness for the reduction of emissions and gas consumption.

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