Apr 18 2014
Research and Markets has announced the addition of the "Global Airborne UAV Remote Sensing Market 2014-2018 with General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon Dominating" report to their offering.
The Global Airborne UAV Remote Sensing Market will grow at a CAGR of 5.39 percent over the period 2013-2018.
The Global Airborne UAV Remote Sensing market is a significant part of the Global Remote Sensing market. The report considers revenue generated from the sales of UAV remote sensing products mounted on airborne platforms only. The sales of UAV remote sensing products for use on spatial, terrestrial, and aquatic platforms are not considered within the scope of this report.
The need for improved disaster management is one of the factors driving the growth of the Global UAV Airborne Remote Sensing Technology market. According to a World Bank report, more than 160 countries have a quarter of their population living in areas with a high mortality risk, which could mean that any calamity in such areas could result in high casualty numbers. Businesses can also be affected for example by loss of data. Hence, there is increasing demand for disaster management.
Although the increasing adoption by the Defense, Intelligence, and Security industries continues to be a key growth driver, the market is witnessing the emergence and growth of new markets where remote sensing data can be used extensively. For instance, the Energy industry is using remote sensing technologies for better forecasting of sound detection with the help of technologies such as SODAR and LIDAR. In addition, the increased pressure from the operators to provide better insights related to power scheduling and lowering the cost of wind energy drives the market for remote sensing devices in the wind energy systems. Therefore, remote sensing devices are being used to enhance the operations of wind energy operators.
Further, the report states that the high initial investment needed for this technology is one of the major challenges. Many SMEs and cost-driven companies are unable to adopt remote sensing technology for this reason. Vendors need to meet increasing demands from end-users and are making technological advancements in remote sensors, which is a costly and time-consuming process.
Source: http://www.researchandmarkets.com/