Aerial Imaging Market Size By Application (Government, Agriculture & Forestry, Civil Engineering, Military & Defense, Energy, Insurance, Commercial), Industry Outlook Report, Regional Analysis, Application Potential, Competitive Market Share & Forecast, 2015 – 2022
Published Date: March 2016 | 80 Pages | Report ID: GMI105 Report Format: PDF
Aerial imaging market size is estimated to reach over USD 2.5 billion by 2022. Escalating demand from numerous application sectors such as commercial and forestry & agriculture is anticipated to drive the industry growth over the next few years.
Asia Pacific aerial imaging market size by application, 2012-2022 (USD Million)
Aerial imaging market size for military applications is expected to exceed USD 200 million by 2022. This technology is ideally used for various ground-based commercial applications. In addition, farmers are also adopting this technology in order to monitor the crops and overcome issues related to crop disease. Insurance sector utilizes this technique for damage estimation after disasters such as floods and hurricanes to settle down the claims. Technology advancement accompanied by rising awareness regarding benefits offered by this system is anticipated to drive the aerial photography industry growth over the forecast period.
Increasing usage in several new application areas such as natural resources management, engineering & land-use planning, archaeology, disaster reduction & prevention and energy management is expected to propel the industry demand. Factors such as demographic mapping, climate change, road planning, optimum land-use calculations and unsustainable development are predicted to positively impact the aerial imaging market size.
Location-based services and remote sensing are extensively used for applications related to mapping, navigation, emergency services, location-based mobile advertising, and remote monitoring. Aerial imaging in combination with location-based services enables in creating comprehensive images, maps and cartograms of surroundings and locations, with high accuracy. This in turn may assist customers in the decision-making process.
Use of Unmanned Aerial Systems (UAS) is anticipated to avoid the risk of endangering operators’ life in unpleasant conditions. It can execute precise and repetitive scan cycles over a region using computer control, even in unfavorable settings.
Access to such devices or services may enable terrorists or criminals to conduct virtual surveillance over various private facilities such as government buildings, banks, parks and plan & coordinate attacks, compromising national security. In addition, it can also be used by business leaders in order to monitor competitor’s actions. The aforementioned factors are likely to hamper the demand till 2022. The technique also allows high resolution images and photographs that are readily available through freely available information sources. This is likely to raise a serious privacy or safety concern.
Aerial imaging market, ByApplication
Government sector is anticipated to be valued at over USD 750 million by 2022. The rise in demand can be credited to surging use of this technology in numerous application areas such as homeland security, urban planning, monitoring environmental studies and energy management. Furthermore, need for precise and superior quality tax & property map data for records maintenance is likely to boost the aerial imaging market share over the next seven years.
Commercial applications are predicted to be the most attractive, owing to escalating usage in advertising, construction progress evaluation, and promotional activities. Moreover, growing usage of these systems for natural resource and construction management is expected to fuel aerial imaging market size.
Aerial imaging market, By Region
Asia Pacific aerial imaging market share is likely to be valued at over USD 400 million by 2022. This can be attributed to presence of numerous semiconductor industries across the region. Dynamic consumer needs and swift technological developments are forecast to fuel the regional demand over the forecast period.
North America is predicted to continue its dominance owing to rising investments in innovation for defense sector accompanied by advancement in the telecommunication industry.
Competitive Market Share
Prominent participants accounting for aerial imaging market share include Google, AeroMetric, Eagle Aerial Imaging, Landiscor Aerial Information, EagleView Technologies, and Kucera International.
Some companies prefer to work with owned equipment as well as software, a few others may prefer a lease-based business model. Outsourcing is another major business trend observed in the global ecosystem. The overall requirements as well as the camera system type help decide the imaging equipment that is to be outsourced. Image accuracy and precision have also been impacted by technological advancements. Market entry aspirants collaborate with established players to establish revenue foundations and expand until they formulate robust a robust product portfolio.
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