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Remote Sensing Technologies and Global MarketsNEW YORK, April 7, 2016 /PRNewsiwre/ -- In 2015, the $8.4-billion remote sensing enterprise was dominated by a handful of government space, maritime and weather forecasting agencies along with several private companies with roots in the national defense and intelligence communities. BCC Research forecasts that by 2021 the commercial portion of the enterprise will have broken into hundreds of small, entrepreneurially driven enterprises. A growing free data and free software movement is strongly supported by space agencies in the United States and Europe. It is involved in expanding remote sensing research programs sponsored by Mainland China making it possible to extract more useful information from what the industry has traditionally regarded as low-cost products. This upsets the notion that its economic future rests with developing higher resolution imaging. That transition has already led to extensive consolidation among the industries pioneering commercial remote sensing ventures. In the U.S. only one of those pioneers remains, now known as DigitalGlobe. In Europe, the business is dominated by aerospace giant Airbus Defense & Space Group. At the same time newcomers are attempting to create a new generation of remote sensing platforms offering more frequent and less expensive data collection from lightweight drone aircraft and satellites weighing as little as 13 pounds. These are built from off-the-shelf parts and delivered to orbit by commercial rocket companies. BCC Research anticipates that by 2021 many of the uncertainties surrounding this faster-cheaper approach to platform building will have resolved in a positive direction. Thus, while the per square kilometer (sq. km) 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 9.3% compound annual growth rate, to reach nearly $14 billion by 2021. Read the full report: http://www.reportlinker.com/p0157459-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/remote-sensing-technologies-and-global-markets-300248276.html SOURCE Reportlinker |