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Aerial Imaging Market driven by Growing Footprint of Aerial Imaging Solutions across Various Applications

10-03-2016 04:03 PM CET | IT, New Media & Software

Press release from: TMR

Aerial Imaging Market driven by Growing Footprint of Aerial

Aerial imaging is the process of taking images of the ground from an elevated position, generally from a camera not supported by a ground-based structure. Some of the commonly used platforms for aerial imaging include helicopters, fixed-wing aircraft, multi-rotor unmanned aircraft systems (UAS), dirigibles and blimps, balloons, rockets, parachutes, kites, vehicle-mounted poles, and stand-alone telescoping. Aerial imagery or photography provides effective solutions that combine cost-effectiveness and high precision for planning purposes, volume calculations, route design, or merely to renew existing mapping. The global Aerial Imaging market was valued at US$ 1,077.7 Mn in 2014 and is forecast to grow at a CAGR of 13.5% from 2015 to 2023 reaching a value of US$ 3,341.7 Mn in 2023.

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The growing footprint of aerial imaging solutions across various applications such as cartography, defense and security, construction and development, and intelligence surveillance, among others is one of the important factors bolstering the growth of the aerial imaging market. Furthermore, the growing popularity of location-based services and various technological developments in the field of advanced aerial camera systems and platforms is expected to propel market demand throughout the forecast period.

Various operational limitations and privacy and national security concerns are the most prominent factors that are currently inhibiting market growth worldwide. The key market players profiled in this report include Major aerial imaging providers profiled in the report include NRC Group ASA (Previously BLOM ASA), Cicade s.a, Digital Aerial Solutions, LLC, Cooper Aerial Surveys Co., Fugro N.V., Landiscor Aerial Information, EagleView Technologies, Inc., and nearmap ltd.

The global aerial imaging market is expected to be propelled by factors such as the growing application of aerial imaging across various industry verticals and the untapped market. The demand for aerial imaging is expected to be the highest from the real estate industry in the years to come. However, factors such as privacy and national security concerns and operational limitations are predicted to hamper the growth of the global aerial imaging market in the next few years.

Read More: http://www.transparencymarketresearch.com/aerial-imagery-market.html

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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