Posted on 22nd Jun 2009 @ 10:56 AM

According to a new technical market research report, Environmental Sensing and Monitoring Technologies: Global Markets, the global market for environmental sensing and monitoring technologies generated $9.1 billion in 2008 and an estimated $10.1 billion in 2009. This is expected to increase to $13 billion in 2014, for a compound annual growth rate (CAGR) of 5.2%.
 
The market is broken down into application segments of terrestrial, oceanic, atmospheric, monitoring services, and new technologies. The new technologies segment has the largest share of the market, worth $4.9 billion in 2008 and an estimated $5.1 billion in 2009. This is expected to reach $6.8 billion in 2014, for a CAGR of 6.2%.
 
The terrestrial sensing and monitoring segment has the second-largest share of the market, worth $2.6 billion in 2008 and a projected $2.7 billion in 2009. This should increase at a CAGR of 4.7% to reach $3.4 billion in 2014.
 
Atmospheric sensing and monitoring is the third-largest segment, worth $800 million in 2008. This segment is expected to increase to $1.5 billion in 2009 and $1.8 billion in 2014, for a CAGR of 3.1%.
 
Global environmental monitoring requirements arising from new environmental protection laws, as well as scientific data gathering, have really only just begun to affect the business of developing and manufacturing complex sensors and monitoring systems.
 
Environmental field monitoring technologies have rapidly advanced in the last decade, concurrent with advances in digital technology, computational power, and Internet-enabled communications. Environmental sensors have become much smaller, faster, and often cheaper.
 
Advances in air-sensing technologies, in particular, now enable rapid retrieval of time-critical pollution data on a large scale. Fast, low-cost sensors afford the possibility for networking of multiple units within a sensor grid network, so that even street-level monitoring can be achieved.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: Environmental Sensing and Monitoring Technologies: Global Markets.