Press Release
Press Release
The market growth can be attributed to the growing demand for remote sensing software in the military and defence sector. As accurate geospatial information is crucial in the military and defence industry, the market for remote sensing software is witnessing robust growth. In addition, the advancements in military technologies are surging the deployment of remote sensing software to predict and prevent the emergence of virtual warfare and potential threats, which is augmenting the growth of the market. The increasing investments in defence technologies by various governments to boost their military capabilities is also expected to drive the growth of the market. Moreover, the development of advanced remote sensing software that can efficiently extract anomalous targets is providing further impetus to the market growth.
Some of the leading companies in the market are Hexagon AB (OTCMKTS: HXGBF) and Merrick & Company. In May 2018, the latter announced the release of the Merrick Advanced Remote Sensing (MARS®) software suite’s Version 2018. The updated version of the software provides support for data management, LiDAR point cloud visualisation, geospatial data production, LiDAR quality control, and automated data processing. The new version also enhances application usability and LAS 1.4 data throughput while offering improved auto-filtering tools. The tools are provided through the integration of rapidlasso GmbH LAStools filters. Moreover, the new version features LAStools “Ground” filter enables users to delineate drag box bare earth filtering over small areas. Such innovative features provide the user with fast, effective, and simple point cloud auto-classification by using matured and robust filter algorithms. The development of such products is propelling the market growth.
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The major players in the global remote sensing software market are Hexagon AB, BAE Systems plc, Harris Geospatial Solutions, Inc., Merrick & Company, and Textron Systems, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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