Aerial Imaging Market to 2014-2022 : Industry Analysis, Size, Growth Opportunities and Forecast – Acute Market Reports
Aerial imaging provides images of ground surfaces captured from an elevated place with the help of cameras. Cameras mounted on various air vehicles including helicopters, airships, kites, balloons, and unmanned aerial vehicles (UAVs) are utilized for taking images. Aerial imaging finds wide application among various verticals such as civil engineering, research, government, agriculture, and others. However, satellite imagery as a substitute option are expected to restrict the market growth. Advanced technologies, which include GIS (geographic information system), LiDAR systems, and 360-degree vision cameras are expected to generate significant opportunities for the market.
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Aerial imaging finds applications across various sectors including government, energy, defense, agriculture & forestry, civil engineering & archeology, media & entertainment, and others (insurance, real estate, and tourism). Aerial imaging provides information such as land cover maps, vegetation maps, soil maps, and geology maps with the help of spatial data captured from the orthographic images. Also, aerial imaging is widely used for various applications among government departments such as land & property information, archaeology, environment studies, disaster & emergency response management, and others. It is utilized to develop plans, maps & forecast crucial information for accurate presentation of earth surface. In addition, aerial imaging is considered as an important tool among engineers, planners and developers for land mapping and development. Aerial images combined with GIS (Geographical Information System) helps in analysis and strategic planning of urban settlements.
Prominent players who offer aerial imaging across the globe include Blom ASA, Eagle View Technologies, Inc., Digital Aerial Solutions, LLC, Cooper Aerial Surveys Co., Landiscor Aerial Information, BLOMASA, Kucera International Inc., GeoVantage, Inc., Fugro EarthData, Inc, High Eye Aerial Imaging Inc., and Eagle Aerial Solutions.
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The aerial imaging market is segmented on the basis of application, end-user, and geography. The application segment of aerial imaging comprises geospatial mapping, disaster management, energy and resource management, surveillance and monitoring, and others (habitat, power line, advertising, and photography). Aerial imaging has been increasingly adopted across various end-users, which include government, energy, defense, agriculture & forestry, civil engineering & archeology, media & entertainment, and others (insurance, and tourism). The aerial imaging market is analyzed on the basis of geography, which includes North America, Europe, Asia-Pacific, and LAMEA. The aerial imaging market in various countries are analyzed including U.S., Mexico, and Canada in North America; UK, Germany, and France in Europe; China, India, Australia, and Japan in APAC; and UAE, Saudi Arabia, and Africa in LAMEA.
The government sector dominated the global aerial imaging market in 2015 due to its increase in application in homeland security, environmental studies, urban planning, and research purposes. However, energy segment is expected to grow at the fastest CAGR during the forecast period, owing to the precise data collection for hydro-geology, oil and refinery survey, surface water surveys, and groundwater targeting.
North America generated the highest revenue in the global market in 2015 due to higher adoption of UAVs in defense sector and PAMS (Personal Aerial Mapping System) among consumers. However, Asia-Pacific is projected to grow at the fastest CAGR during the forecast period, owing to the increasing investment in the growth of geospatial industry in the region.
Diversified areas of application
Growth of aerial imaging market is supported by increase in demand from various sectors. Agriculture uses aerial imaging to observe effective changes in yield production, crop health management, and in the improvement of soil condition. Defense sector requires aerial imaging services for safeguarding border areas, and preparing map structures. Also, research & exploration, archeological surveys, mining, oil & gas, and resource management experience wider adoption of aerial imaging services. The aerial imaging market is still in its initial growth stage and the rise in application areas is expected to boost the growth of the market during the forecast period.
Increased market for location based services
Development of electronic media, technological advancements in wireless applications, smart phone adoption, and Internet of Things (IoT) applications result in number of companies to offer location-based services. Companies utilizing location based services such as e-commerce websites, online food chains, social networks and others would contribute in the growth of aerial imaging market in the coming years.
Privacy and national security
Privacy issues and national security regulations are expected to affect the market negatively in the upcoming years. There are specified regulations for aerial imaging in US and UK regarding privacy and security, which restricts the growth of the market. Most of the countries in Asia-Pacific and the Middle East do not have effective rules for aerial imaging. As the market for aerial imaging services increases, regulatory framework becomes more structured and would hinder the growth during the forecast period.
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