The
global aerial imaging market is expected to reach USD 2.24 billion by 2020.
Growing demand in emerging application areas including natural resources
management, energy, and disaster prevention is expected to drive the market
over the next six years. Increased need for geospatial information and imagery
data is also expected to fuel demand over the forecast period.
Adoption
of location-based services (LBS) for navigation, remote monitoring, navigation
and mobile advertizing is expected to give impetus to the aerial imaging
market. Adverse weather conditions and related environmental factors may
prevent accurate imaging data collection. Security and privacy concerns among
users are also expected to hamper market growth over the next six years.
Further
key findings from the study suggest:
Commercial
applications are expected to witness high growth over the forecast period; they
accounted for over 15% of the market in 2013. This can primarily be attributed
to high adoption by the tourism industry. Planning 3D or 2D seismic surveys for
alleviating safety and environment risks is expected to favorably impact the
energy segment.
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Aerial
construction progress images are used by architects and engineers for
infrastructure development activities. Deploying aerial drones in place of
manned helicopters for reducing overall cost is expected to be a key growth
opportunity. The agriculture sector benefits from this technology through
application in drainage planning and farmland management.
North
America accounted for majority of the global market share in 2013. High demand
from the agriculture and forestry segment is expected to be the chief growth
driver for the regional market. Demand from government agencies employing this
technology for research purposes is also expected to fuel the market over the
next six years. High demand across application areas is estimated to propel the
Asia Pacific aerial imaging market.
Companies
operating in the aerial imaging market may have in-house systems and platforms;
alternatively, they may also procure these from suppliers. Continued
investments in R&D and technological innovation have been the key strategic
initiatives undertaken by major industry participants. Key market players
include Blom ASA, Fugro EarthData, Google Inc, Pictometry International,
GeoVantage, Inc., Kucera International, Digital Aerial Solutions, Ofek Aerial
Photography, Eagle View Technologies, etc.
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