Aerial Imaging Market: Increase in Applications across Diversified Segments to Bolster Growth Through 2020
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The global aerial imaging market is undergoing rapid change, which is largely construed by the launch of a growing number of applications and technological developments. The industry of aerial imaging embraces digital technologies in order to offer extensive information to consumers who require high resolution coverage at a particular time. As of now, aerial photography globally constitutes a small market, but the industry has showcased impressive potential for growth in the near future. Factors such as introduction of advanced technologies and increasing applications across end-use verticals have helped the market to register impressive growth over recent years. According to a research survey, the global aerial imaging market was valued at US$0.97 billion in 2013 and is projected to be worth US$2.29 billion by the end of 2020, growing at a CAGR of 13.4% between 2014 and 2020.
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Construction and Development, North America Emerge as Leading Segments in Terms of Application and Geography Respectively
Aerial imaging boasts of a multitude of applications with several new ones anticipated to evolve in the forthcoming years. Some of the major applications of aerial imaging include natural resources management, construction and development, geospatial technology, disaster response management, media and entertainment, defense and intelligence, research and study, and conversation. Among these categories, construction and development, natural resource management, and geospatial technology have emerged as the most promising application segments for the aerial imaging industry. Together, these three segments accounted for 52.7% of the overall revenue generated by the market in 2013.
Geographically, the global aerial imaging market can be segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). North America, among these regions, emerged as the largest market for aerial imaging in 2013 and is expected to continue its run as a market leader in the forthcoming years as well, owing to the growing demand for unmanned aerial vehicles such as drones for aerial imaging photography. The industry can be segmented into commercial applications, government, civil engineering industry, forestry and agriculture, insurance, military, and energy sectors on the basis of end-use industry.
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Uninhibited Growth Due to Innovation of Advanced Technologies
The unhindered growth run of the aerial imaging market can be attributed to a lot of factors. Factors such as increasing areas of application and growing popularity of location-based services have significantly aided to the growth of the global aerial imaging market. Moreover, incorporation of new fangled technologies in camera systems and aerial platforms has further propelled the market growth. Aerial imaging enables users to enjoy a strategic advantage while planning war or during disaster management. Businesses are capitalizing on this lucrative market to expand their activities on a global scale.
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National Security and Privacy Concerns as Bottlenecks
The application and use of aerial imaging is always associated with concerns of national security and privacy. This has led to the implementation of many stringent regulations by governments of different countries on aerial imaging practices. Moreover, there are certain operational limitations that are inherent to aerial imaging and are inhibiting its smooth run of expansion in the global market.
The global aerial imaging market is highly fragmented with a number of medium and large-scale companies vying to dominate the market. In 2013, the six leading companies collectively accounted for less than 25% of the total market revenue generated globally. Companies such as Pictometry International Corporations, BLOM ASA, and Fugro EarthData Inc. are believed to enjoy the most dominant positions in the market. Backed by well-developed resources and strong distribution networks, these companies are empowered to cater to the increasing industry demand and match pace with changing technologies. Other vendors that have registered significant influence on the global aerial imaging market include Landiscor Aerial Information, CICADE S.A., Digital Aerial Solutions, Premier Geospatial Inc., Cooper Aerial Surveys Co., Ofek Aerial Photography, and GeoVantage, Inc. LLC.
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Browse Full Global Aerial Imaging Market Report With Complete TOC @ [/url]
Construction and Development, North America Emerge as Leading Segments in Terms of Application and Geography Respectively
Aerial imaging boasts of a multitude of applications with several new ones anticipated to evolve in the forthcoming years. Some of the major applications of aerial imaging include natural resources management, construction and development, geospatial technology, disaster response management, media and entertainment, defense and intelligence, research and study, and conversation. Among these categories, construction and development, natural resource management, and geospatial technology have emerged as the most promising application segments for the aerial imaging industry. Together, these three segments accounted for 52.7% of the overall revenue generated by the market in 2013.
Geographically, the global aerial imaging market can be segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). North America, among these regions, emerged as the largest market for aerial imaging in 2013 and is expected to continue its run as a market leader in the forthcoming years as well, owing to the growing demand for unmanned aerial vehicles such as drones for aerial imaging photography. The industry can be segmented into commercial applications, government, civil engineering industry, forestry and agriculture, insurance, military, and energy sectors on the basis of end-use industry.
Get Sample Report Copy at -
[url=http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1761 ]
Uninhibited Growth Due to Innovation of Advanced Technologies
The unhindered growth run of the aerial imaging market can be attributed to a lot of factors. Factors such as increasing areas of application and growing popularity of location-based services have significantly aided to the growth of the global aerial imaging market. Moreover, incorporation of new fangled technologies in camera systems and aerial platforms has further propelled the market growth. Aerial imaging enables users to enjoy a strategic advantage while planning war or during disaster management. Businesses are capitalizing on this lucrative market to expand their activities on a global scale.
Browse the full Aerial Imaging Market Press Release report at
[url=http://www.transparencymarketresearch.com/pressrelease/aerial-imagery-market.htm][/url]
National Security and Privacy Concerns as Bottlenecks
The application and use of aerial imaging is always associated with concerns of national security and privacy. This has led to the implementation of many stringent regulations by governments of different countries on aerial imaging practices. Moreover, there are certain operational limitations that are inherent to aerial imaging and are inhibiting its smooth run of expansion in the global market.
The global aerial imaging market is highly fragmented with a number of medium and large-scale companies vying to dominate the market. In 2013, the six leading companies collectively accounted for less than 25% of the total market revenue generated globally. Companies such as Pictometry International Corporations, BLOM ASA, and Fugro EarthData Inc. are believed to enjoy the most dominant positions in the market. Backed by well-developed resources and strong distribution networks, these companies are empowered to cater to the increasing industry demand and match pace with changing technologies. Other vendors that have registered significant influence on the global aerial imaging market include Landiscor Aerial Information, CICADE S.A., Digital Aerial Solutions, Premier Geospatial Inc., Cooper Aerial Surveys Co., Ofek Aerial Photography, and GeoVantage, Inc. LLC.
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.