Aerial Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020
Albany, NY -- (SBWIRE) -- 07/14/2015 -- According to a new market report "Aerial Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020,"published by Transparency Market Research, the market for aerial imaging globally is forecast to reach USD 2.29 billion by 2020. The market growth is driven by increased demand from applications such as natural resource management and construction and development coupled with growing popularity of UAV/drone systems. Real estate, urban planning and insurance are emerging as potential applications for aerial imagery and related services.
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The global aerial imaging market was valued at USD 0.97 billion in 2013 and is forecast to grow at 13.4% CAGR from 2014 – 2020. The major end-use verticals utilizing aerial imaging services include commercial enterprises, government, civil engineering industry, forestry & agriculture, and energy sectors, among others. Government sector dominated the market in 2013, which together with commercial enterprises and forestry and agriculture, accounted for more than 50% of the revenue share. The adoption of aerial imaging and related services is increasing across government organizations globally for various applications including energy sector management, homeland security, urban planning, and to monitor environmental changes among others.
Aerial imagery is used for large number of applications with several new applications expected to evolve in the coming years. Some of the major applications include construction and development, natural resources management, media and entertainment, and conservation, research and study among others. Geospatial technology, construction and development, and natural resource management are emerging as promising applications for aerial imaging industry. These three segments together accounted for 52.7% of market revenue share in 2013. North America represented the largest geographical market for aerial imaging in 2013 and it is expected to maintain its dominance owing to the fast growing unmanned aerial vehicle (UAS)/drone aerial imaging photography.
The global aerial imaging market is highly fragmented and the top six players collectively account for less than a quarter of the global market revenue in 2013. Renowned players such as Fugro EarthData, Inc., BLOM ASA and Pictometry International Corp. are considered to have dominant position in the market. These players have well-developed resources (database and other assets) and strong networks to meet industry demand and to maintain pace with the changing technology. Technological advancement to enhance existing aerial imaging services is the key strategy used by these players to differentiate their service from those of competitors. The players in the market are also taking measures to capitalize on the opportunities in niche and emerging markets, so as to gain on first mover advantages. Other vendors in the market are Cooper Aerial Surveys Co., CICADE S.A., GeoVantage, Inc., Ofek Aerial Photography, Digital Aerial Solutions, LLC, Landiscor Aerial Information, and Premier Geospatial Inc. among others.
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This report analyzes the global aerial imaging market in terms of revenue (USD million). The market has been segmented as follows:
Global Aerial Imaging Market, by End-use Industry:
Civil engineering industry
Forestry and agriculture
Global Aerial Imaging Market, by Applications:
Natural resources management
Construction and development
Disaster response management
Defense and intelligence
Conservation and research
Media and entertainment
Global Aerial Imaging Market, by Geography:
Rest of the World (RoW)
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