DUBLIN, Dec. 10, 2014 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/zwdlv3/aerial_imaging) has announced the addition of the "Aerial Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020" report to their offering.
The global aerial imaging market, valued at USD 0.97 billion in 2013, is expected to see strong growth at a CAGR of 13.4% from 2014 - 2020. Aerial imaging is gaining popularity across end-user applications such as cartography, natural resources management, archeology, forestry management and disaster risk reduction and prevention, among others. The major factors driving the global aerial imaging market include escalating number of applications, increasing advancements in drone/UAV technology, increasing popularity of location based services and technological developments in camera systems and aerial platforms.
The global aerial imaging market is segmented on basis of application types, end-users, and geographic regions. Of the different applications, in 2013, the defense and intelligence segment dominated the global aerial imaging market. The dominance in this sector is attributed to the increasing end-user awareness, high adoption rate among government sector coupled with the availability of high resolution aerial imagery from various suppliers. On the basis of end-use market segments, government sector accounted for the highest revenue share valued at 27.7% in 2013. Government organizations globally are increasingly incorporating aerial imagery and related services in applications such as homeland security, demographic planning, land and property management, and to monitor and manage environmental changes, among others.
By geography, North America dominated the market in 2013 followed by Europe and is expected to maintain its position throughout the forecast period. High market share of North America and its expected dominance in the near future is due to the growing demand of UAV (unmanned aerial vehicle)/Drone based aerial imaging systems. This demand is further supported by UAV companies in North America, which after realizing high revenues during war-days (Afghanistan, Iraq, and other Middle East disturbances), are now diversifying into commercial imaging and other geo-spatial remote sensing services market.
Even the growing demand for aerial imagery from agricultural and forestry end-use sector is expected to contribute to the growth of North American market. Further, high consumer awareness in this region has resulted in expanding applications of aerial imaging. However, confronts such as national security concerns, operational limitations (adverse weather condition, time delays and risk of life), and regulations set by the Federal Aviation Administration (FAA) to control privacy and safety issues, are hindering the market growth.
The major players operating in the global aerial imaging marketplace include BLOM ASA, Fugro EarthData, Inc. and Pictometry International Corp., among others. Of these, BLOM ASA and Fugro EarthData, Inc. accounted for maximum revenue share. The two companies along with Pictometry International Corp. collectively accounted for approximately a quarter of the global aerial imaging market revenue in 2013.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Aerial Imaging Market Overview
Chapter 4 Global Aerial Imaging Market, by Applications
Chapter 5 Global Aerial Imaging Market, by End-use Industry
Chapter 6 Global Aerial Imaging Market, by Geography
Chapter 7 Company Profiles
- Cooper Aerial Surveys
- Digital Aerial Solutions
- Fugro Earthdata
- Landiscor Aerial
- Pictometry International
- Premier Geospatial
For more information visit http://www.researchandmarkets.com/research/zwdlv3/aerial_imaging
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SOURCE Research and Markets