Industry Insights
Increasing application areas is expected to provide growth avenues to the aerial imaging market. The technology provides an efficient solution for various purposes such as route design, planning, volume calculation map renovations, etc. Aerial Imaging is used for various purposes including construction & development, geospatial technology, disaster management, and research & conservation, etc.
Global aerial imaging market by application, 2012 - 2020 (USD Million)
Increasing technological advancements in camera systems and aerial platforms are expected to drive market growth over the forecast period. Additionally, increasing awareness for the benefits of this technology is also expected to further favor market demand. Growing location-based services are expected to fuel aerial imaging market growth over the forecast period.
Operational limitations and security concerns may hinder aerial imaging market growth over the next six years. Unmanned Aerial Vehicle (UAV) and Personal Aerial Mapping System (PAMS) may provide new opportunities for market growth. Additionally, emerging camera technologies such as UltraCam Osprey, Hawk, and Eagle by Microsoft along with new trends such as aerial archeology is expected to provide new avenues to aerial imaging market growth over the forecast period.
Application Insights
The aerial imaging market serves various industries including government, energy, military & defense, agriculture, commercial and civil engineering, etc. The government is expected to be the key end-use segment over the forecast period. The government sector uses this technology for various purposes such as urban planning, homeland security, energy management, and monitoring environmental studies, etc. Additionally, agriculture & forestry and commercial applications are also expected to grow at a considerable rate over the forecast period.
Few agriculture applications include evaluations and scheduling of fertilizers & pesticides, soil sampling, and creating manageable zones, etc. For commercial applications, aerial imaging is used for construction progress evaluation, advertising, and promotion. Additionally, increasing the use of aerial imaging in construction and natural resource management is expected to favor market growth over the forecast period. Road planning, land use calculation, and proving reference for the ground crew are few uses for civil engineering. Energy application uses include drilling and logistics activities etc.
Regional Insights
North America is expected to be the key regional market over the next six years owing to the development of UAVs and PAMS. Additionally, the European aerial imaging market is also expected to grow at a considerable rate over the forecast period. Asia-Pacific is estimated to grow significantly owing to high defense and military investments in countries such as India, China, etc.
Competitive Insights
Key market players include AeroMetric Inc., Google Inc, Eagle Aerial Solutions, Kucera International Inc., Landiscor Aerial Information, and Eagle View Technologies.etc. Kucera International Inc. offers aerial photography, orthophotography, plotting, stereo compilation, and volumetric surveys, etc. Eagle View Technologies serves the construction, real estate, solar, GIS, energy & utilities, safety, and federal applications.