Global aerial imagery market is projected to reach $3,545 million by 2023, with 13.4% CAGR during 2017-2023. The aerial imagery market is expected to witness high growth due to its ability to provide instantaneous view, primarily required for town planning or construction of any water or thermal based project. Improved vantage point, to provide magnified view of large areas from distant angles to see the features of the earth’s surface clearly in their actual context, is also a prime driver for its increased demand.
The aerial imagery market has been gaining traction due to its increased adoption in multiple application areas, such as surveillance and monitoring, geospatial, energy and resource management, conservation and research, exhibition and live entertainment, disaster management, and construction and development.
This technology provides time freezing ability, by recording every instance of the earth’s surfaces to provide advanced imaging solutions, which is in high demand from various industries.
Insights on market segments As per the findings of the research, high oblique category will show highest growth during the forecast period. However, the vertical category in the aerial imagery market is expected to have largest market size in 2023.
Among all techniques, the sales of low oblique contributed the largest revenue to the global market till 2016, however, vertical type is expected to become the largest market by 2023. Among the various applications, surveillance and monitoring is expected to contribute the largest revenue during the forecast period. The fastest growth in the demand of aerial imagery will be witnessed from the defense industry; however, the government is expected to hold the largest market during the forecast period.
Rising incidences of natural disasters escalating the global market growth With increasing number of natural calamities such as earthquakes, fire, floods, cyclones and tornadoes occurring globally, governments of many countries are inclining towards the use of new imagery solutions to determine the actual loss of life and property.
The factor has been observed as a prime stimulant of growth of the aerial imagery market, in recent times. Also, the technology is nowadays being highly preferred to update the map information after disaster, as it provides high resolution images that are easy to understand for disaster management teams. It offers the ability to monitor and assess the potential damage from calamities, by enabling disaster management authorities to take corrective measures.
The aerial imagery market is also driven by new innovations in camera systems. Recent advancement in camera technology, including ultra-refined images with high pixels is fueling the demand for aerial imagery across all businesses. High definition cameras are getting widely used for small scale or large-scale images as they provide high resolution with great precision.
North America and Asia-Pacific to witness similar growth during the forecast period Geographically, the aerial imagery market is projected to witness similar growth in North America and Asia-Pacific, during the forecast period. The growth in the North American market will be led by increasing usage of this technology for mapping sky rise buildings, dams, and oils & gas plants in the region.
The upsurge in urbanization, along with purposed investment in smart cities in the region, is also expected to boost the growth of the North American aerial imagery market in the coming years.
Market heading towards consolidation The global aerial imagery market is moving towards consolidation as the market is witnessing acquisitions and partnerships among key players. The leading players such as EagleView Technologies Inc., Fugro N.V., Digital Aerial Solutions LLC, Google Inc., and Getmapping PLC, are focusing on technological improvements and integrated and joint innovation practices to build an entire new ecosystem for aerial imagery. This would further strengthen their position and market presence.
The aerial imagery market has also been witnessing some acquisitions, wherein companies are targeting to increase their market share by acquiring successful products and technologies of its competitors. For instance, EagleView acquired OmniEarth (provider of imaging satellites) at an undisclosed amount. EagleView aims to incorporate OmniEarth’s technologies to extract data from imagery to its own products, including analysis of aerial imagery.
Further, by gaining access to EagleView’s pictometry image library and product infrastructure, the OmniEarth team will be able to accelerate its development of advanced analytic solutions.
Our reports have been used by over 10K customers, including:
Executive Summary A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global steel tubular piling market. The report analyses the Steel Tubular Piling Pipes Market by Size (Large...
300 pages •
By The Business Research Company
• Jan 2019
Metal Valve Manufacturing Market Global Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global metal valve manufacturing market. Description: Where is the largest and fastest growing market for the metal valve manufacturing? How does...
Southeast Asia Asphalt Shingles Market Size, Share & Trends Analysis Report By Application (Residential, Non-Residential), By Country (Thailand, Malaysia, Vietnam), And Segment Forecasts, 2018 - 2025 The Southeast Asia asphalt shingle market size is anticipated to reach USD 476.7 million by 2025, according to a new...
Infrastructure Insight: Latin America Summary With a total of 421 projects valued at US$241.5 billion, Brazil has the highest number of infrastructure projects in the pipeline. This is followed by Chile with 309 projects (US$117.1 billion); Peru with 230 projects (US$83.1 billion) and Mexico with...
Report Scope: This report reviews ceiling tile technology categories and provides relevant information on markets and production, technological descriptions and issues, applications, and potential market factors.It also provides an overview of relevant incentives and regulations in major global markets. This report...
106 pages •
By Infiniti Research Limited
• Nov 2018
About this market With the rising adoption and preference for prefabricated prefurnished volumetric construction (PPVC), the demand for high-capacity tower cranes has increased considerably in the forthcoming years. Such a rising demand for this construction has encouraged the contractors to create high-capacity, versatile,...
110 pages •
By Infiniti Research Limited
• Oct 2018
About this market The construction industry in Germany is increasingly adopting new digital technologies such as BIM. BIM is a 3D modeling tool that generates a digital image of a building and its assets. The adoption of this technology has allowed the construction companies in Germany to improve their productivity,...
Construction Global Industry Almanac 2013-2022 Summary Global Construction industry profile provides top-line qualitative and quantitative summary information including: Industry size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key...
Non-Residential Construction Global Industry Almanac 2013-2022 Summary Global Non-Residential Construction industry profile provides top-line qualitative and quantitative summary information including: Sector size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the...
The global parking management market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017. As per ACEA (European Automobile Manufacturers Associations), parking management refers to the adoption of various strategies and subsequently technology-enabled solutions that facilitate in efficient use of parking resources. Further,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.