As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Market Analysis by Component, Deployment Model, Type, Application, End-User, and Region:
Key Findings of the Report:
Key Offerings of the Report:
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.