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[March 11, 2014]
Aerial Photography Market to Reach USD 1,994.3 million by 2019, Globally: Transparency Market Research
(PR Web Via Acquire Media NewsEdge) Albany, New York, USA (PRWEB) March 11, 2014 According to a new market report “Aerial Imaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” published by Transparency Market Research, the market for aerial imaging globally is forecast to reach USD 1,994.3 million by 2019. The market growth is driven by increased demand from applications such as natural resource management and construction & development. Real estate, urban planning and insurance are emerging as potential applications for aerial imagery and related services.
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Globally, the aerial imaging market was valued at USD 869.2 million in 2012 and is forecast to grow at 12.8% CAGR from 2013 – 2019. Aerial imaging has been widely adopted across several end-use verticals such as commercial enterprises, government, civil engineering industry, forestry & agriculture, and energy sectors, among others. Among all, highest revenue share was contributed by the government sector in 2012, which together with commercial enterprises and forestry and agriculture, accounted for more than 50% of revenue share. Government organizations worldwide are progressively using aerial imagery and related services for numerous purposes such as homeland security, urban planning, energy sector management, and monitor environmental changes among others.
Aerial imagery and surveys are used for natural resources management, media & entertainment, construction & development, and ‘conservation, research and study’ among others. Construction & development, geospatial technology, and natural resource management are emerging as promising applications for aerial imaging industry. These three segments together accounted for 52.2% of market revenue share in 2012. Geographically, North America is expected to remain largest market for aerial imagery owing to the fast growing unmanned aerial vehicle (UAS) photography in this region. North America and Europe had collective revenue share of 80.1% in 2012.
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The aerial imaging market is concentrated with large numbers of domestic and multinational players. Renowned players such as BLOM ASA, Pictometry International Corp., and Fugro EarthData, Inc. are considered to have dominant position in the market and together accounted for more than 40% of the market share in 2012.
These players have well-developed resources and strong networks to meet industry demand and to maintain pace with the ever changing technology. Other vendors in the market are GeoVantage, Inc., CICADE S.A., Ofek Aerial Photography, Cooper Aerial Surveys Co., Digital Aerial Solutions, LLC, Landiscor Aerial Information, and Premier Geospatial Inc. among others.
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This report analyzes the global aerial imaging market in terms of revenue (USD million). The market has been segmented as follows: Aerial Imaging Market, by Industry Verticals: • Government • Commercial enterprises • Civil engineering industry • Military • Forestry and agriculture • Energy sectors • Insurance Aerial Imaging Market, by Applications: • Energy • Geospatial technology • Natural resources management • Construction and development • Disaster response management • Defense and intelligence • Conservation & research • Media and entertainment Aerial Imaging Market, by Geography: • North America • Europe • Asia-Pacific • Rest of the World (RoW) Browse Company Blog:
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