The global aerial imaging market is highly fragmented in nature,
finds a new report by Transparency Market Research (TMR). The top
five companies, namely, Fugro N.V., NRC Group ASA, Nearmap Ltd.,
Google Inc., and EagleView Technologies Inc., held only 15.4% of the
overall market in 2016. With a large pool of players, the market
demonstrates a competitive landscape.
Obtain Report
Details @
The leading players are focusing especially on technological
improvements and integrated and joint innovation to build a new
ecosystem to strengthen their presence in this market. Over the
coming years, they are likely to be more involved in mergers and
acquisitions for the expansion of their businesses, states the
research study.
As per TMR’s estimations, the opportunity in the global market for
aerial imaging is likely to expand at a CAGR of 14.60% during the
period from 2017 to 2025, rising from US$1.36 bn in 2016 to US$4.58
by the end of the forecast period. Geospatial technology has emerged
as the key application area of aerial imaging and is expected to
continue like this over the forthcoming years, states the research
report.
Government Sector
to Continue as Key End User of Aerial Imaging Technique
The research report considers the commercial, civil engineering,
military, forestry and agriculture, energy, insurance, and the
government sectors as the key end users of aerial imaging across the
world. The government sector has emerged as the leading consumer of
aerial imaging technique and is expected to remain so over the
forecast period. The increasing usage of aerial imagery in various
applications, such as homeland security, improvement of town
planning, energy sector exploration, and monitoring and management of
environmental changes, is the key factor behind the dominance of this
segment. The commercial and the forestry and agriculture sectors are
also expected to witness a high-paced adoption of aerial imaging in
the near future.
Geographically, the report segments the worldwide aerial imaging into
North America, the Middle East and Africa, Europe, Asia Pacific, and
South America. North America led this market in 2016, with US$575.9
bn in revenues. Researchers expect this regional market to continue
to lead over the next few years on the grounds of the rising adoption
of aerial photography in the agriculture and forestry industry. The
rising advancements in automated drone technology and the increasing
number of merger and acquisitions among key player in this region are
also projected to boost the North America market for aerial imaging
in the years to come, reports the study.
Increasing
Application of Aerial Imaging in Various Industries to Boost Growth
“The increasing adoption of aerial imagery in various end-use
industries is the most prominent driving force behind the growth of
the global aerial imaging market,” says an analyst at TMR. Aerial
imaging has found its applications in a number of industries, such as
archeology, disaster risk estimation, cartography, defense and
security, construction and development, journalism, tourism and
intelligence surveillance and reconnaissance (ISR), and its
application range is likely to expand in the year so come, leading to
a substantial rise of this market over the next years.
Fill the form for
an exclusive sample of this report @
The increasing advancements in drone/UAV technology and the rising
popularity of location-based services are also anticipated to propel
this market in the near future. However, the growing concerns over
privacy, public safety, and national security may limit the adoption
of aerial imaging, impacting the market’s growth over the forecast
period, notes the study.
About Us :
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
No comments:
Post a Comment