Research and Markets Forecasts 5.4% CAGR for Environmental Sensors Market

market researchResearch and Markets has unveiled a new report on environmental sensors that details trends and factors the firm believes could affect market development in the next several years.

The firm forecasts a 5.4 percent compound annual growth rate from 2013 to 2018 for the industry in devices used to sense, monitor, detect or identify air, soil and water quality, conditions or temperature.

Research and Markets said Monday the report includes a discussion on the global market and vendor landscape, and identifies the players per submarket per region and the drivers and challenges to market growth, with additional input from industry participants.

General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon and Siemens are among the companies featured in the market intelligence report, entitled “Global Environmental Sensing and Monitoring Market 2014-2018.”

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