Albany, NY -- (SBWIRE) -- 11/12/2018 -- ResearchMoz.us has announced the addition of a report, titled "Aerial Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026". The detailed report on the global aerial imaging market offers in-depth insights into prominent adoption trends, emerging application areas, vendor landscape, and related technological advances.
The global aerial imaging market is projected to rise at a promising, double-digit CAGR during 2018–2026. The large drive for aerial imaging stems from the need for high-resolution imagery in a wide range of application areas, such as insurance, disaster risk estimation, archeological research, defense and security, construction and development, tourism, and cartography.
The rising deployment of advanced drone/unmanned aerial vehicle in militaries all over the world is a notable factor bolstering the expansion of the global aerial imaging market. This is in part driven by the growing demand for geospatial data in the defense sector in numerous countries for strategic objectives. The demand for personal aerial mapping systems (PAMS) is further expected to augment across various end-use industries, thus bolstering the uptake. The rapid technological advances in sensor and artificial intelligence technologies in unmanned system is aiding in the steady expansion of the market.
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The aerial imaging market is witnessing attractive strides in developing and developed countries from the burgeoning demand for aerial imaging for real estate buyers. The advent of advanced LBS apps is fueling their demand, thereby boosting the market.
However, the demand for aerial imaging market among end users is notably suffering from various concerns related to privacy and public safety. The lack of adequate security measures in the use of aerial imaging technologies has raised these concerns. Nevertheless, the global market is expected to witness exciting and lucrative prospects from the rising demand for high-resolution imagery in town planning, energy exploration, and homeland security. Moreover, the rising demand for the application of aerial imaging technology in the agriculture and forestry industry in developed regions has opened large lucrative prospects in the market. This is attributed to the growing relevance of aerial photography among farmers in North America.
The key regional markets for aerial imaging are North America, the Middle East and Africa, Europe, Asia Pacific, and South America. Of these, the Europe aerial imaging market is anticipated to expand at a prominent pace during 2018 – 2026.
Top players operating in the aerial imaging market are Cooper Aerial Surveys Co., Sanborn Map Company, Inc., Keystone Aerial Surveys, Inc., Verisk (Geomni), Kucera International Inc, Fugro N.V., NRC Group ASA, Nearmap Ltd., Google Inc., and EagleView Technologies Inc. Several players are focusing on developing technologically-advanced services and on product portfolio diversification. Numerous players are also focusing as entering into partnerships and collaborations in order to gain a competitive edge over their peers and rivals.