In order to study the various trends and patterns prevailing in the overall market for Aerial Imaging Market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Aerial Imaging Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.
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The global aerial imaging market is highly fragmented in nature, finds a new report by MRRSE. The top five companies, namely, Fugro N.V., NRC Group ASA, Nearmap Ltd., Google Inc., and EagleView Technologies Inc., held only 15.4% of the overall market in 2016. With a large pool of players, the market demonstrates a competitive landscape.
The leading players are focusing especially on technological improvements and integrated and joint innovation to build a new ecosystem to strengthen their presence in this market. Over the coming years, they are likely to be more involved in mergers and acquisitions for the expansion of their businesses, states the research study.
As per MRRSE estimations, the opportunity in the global market for aerial imaging is likely to expand at a CAGR of 14.60% during the period from 2017 to 2025, rising from US$1.36 bn in 2016 to US$4.58 by the end of the forecast period. Geospatial technology has emerged as the key application area of aerial imaging and is expected to continue like this over the forthcoming years, states the research report.
The research report considers the commercial, civil engineering, military, forestry and agriculture, energy, insurance, and the government sectors as the key end users of aerial imaging across the world. The government sector has emerged as the leading consumer of aerial imaging technique and is expected to remain so over the forecast period. The increasing usage of aerial imagery in various applications, such as homeland security, improvement of town planning, energy sector exploration, and monitoring and management of environmental changes, is the key factor behind the dominance of this segment. The commercial and the forestry and agriculture sectors are also expected to witness a high-paced adoption of aerial imaging in the near future.
Geographically, the report segments the worldwide aerial imaging into North America, the Middle East and Africa, Europe, Asia Pacific, and South America. North America led this market in 2016, with US$575.9 bn in revenues. Researchers expect this regional market to continue to lead over the next few years on the grounds of the rising adoption of aerial photography in the agriculture and forestry industry. The rising advancements in automated drone technology and the increasing number of merger and acquisitions among key player in this region are also projected to boost the North America market for aerial imaging in the years to come, reports the study.
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The report also provides the competitive landscape for the Aerial Imaging market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players in the market for the year 2016. The aerial imaging market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. Moreover, key takeaways section provided at the end of competitive landscape section would help the operating companies to make the best move in this market.
NRC Group ASA, GeoVantage, Inc., Digital Aerial Solutions, LLC, Cooper Aerial Surveys Co., Fugro N.V., Landiscor Real Estate Mapping, Google, Inc., EagleView Technologies, Inc., and Nearmap ltd are some of the few major players operating within the global Aerial Imaging market, which have been profiled in this study. Details such as financials, business strategies, SWOT analysis, and other such strategic information pertaining to these players has been duly provided as part of company profiling.
The global aerial imaging market has been segmented as below:
By End-use Industry
Government
Commercial Enterprises
Civil Engineering Industry
Military
Forestry and Agriculture
Energy Sector
Insurance
By Application
Energy
Geospatial Technology
Natural Resources Management
Construction & Development
Disaster Response Management
Defense & Intelligence
Conservation & Research
Media & Entertainment
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