Global aerial imaging market to exceed $2.5bn by 2022
Global Aerial imaging market to exceed USD 2.5 billion by 2022. Global Market Insights Inc. has pronounced an addition of a study based market report on Aerial imaging industry. The report covers product, regional and competitive market insights together with in depth analysis featuring market trends, revenues and factors such as drivers, restraints, opportunities and challenges that influence the market scenario.
Aerial photography is a high precision, yet cost effective procedure used across various verticals. The current market is well anticipated to see a strong growth over the predicted time frame. Demand for imagery data and associated geospatial data are important factors to drive the market growth. The advent of new technologies in aerial platforms and camera systems is expected to further the growth.
This imaging has been associated with various applications including tourism, archaeology, natural resource management, disaster risk estimation, construction, cartography, journalism, ISR (Intelligence Surveillance and Reconnaissance), and defense and security. Increasing efforts to craft unmanned aerial mapping systems to lower costs has resulted in the rising consumer adoption across various applications and the trend of spectacular change in the industry is forecast to persist during the next seven years. Increasing privacy and safety concerns and threats owing to access to UAS and its misuse in various crucial government and facilities are projected to slow down the demand.
The government sector is projected to witness a substantial growth over USD 750 million during the forecast period. Surging adoption of this technology in various application areas like energy management, urban planning, homeland security and monitoring environmental studies etc. is expected to propel the market size.
The report covers the market analysis at the regional scale. Key regions included in the report are North America, India, Indonesia, Korea, Japan, Taiwan, China, Australia, New Zealand, Singapore, Philippines, and Malaysia. North America is forecast to continue to be the largest market share with increasing investments in technology advancements for defense sector coupled with development in the telecommunication industry.
The key market participants have been profiled with competitive details, including recent developments, business strategies and financial overview. The report covers in-depth analysis of market trends and future perspectives. Google, Eagle Aerial Imaging, AeroMetric, Kucera International, EagleView Technologies, and Landiscor Aerial Information are some of the important key players listed in the report.