Published On : 12 Nov 2018
The global aerial imaging market is forecast to exhibit impressive growth between 2018 and 2025. Recent studies reveal that rising application of aerial imaging across diverse sectors is a key factor aiding the market’s expansion worldwide. Aerial imaging currently finds increasing application in research, government, civil engineering, agriculture, and other sectors. Besides this, the use of the technology in energy and defense is creating attractive opportunities for the market’s growth. Recent studies reveal that in the coming years, the demand from sectors such as media and entertainment, forestry, real estate, archeology, and other sectors besides the aforementioned ones will increase. Spurred by this, the global aerial imaging market will grow at a robust pace in the coming years.
Advent of Satellite Imagery Pose Threat to Growth
Aerial imaging offers information on land cover maps, soil maps, vegetation maps, and geology maps. The technology uses spatial data derived from the orthographic images to provide information. Due to its intrinsic functionalities, aerial imaging finds wide application across government departments such as archeology, environment studies, land and property information, disaster response, disaster management, among others. The technology helps these offices to develop plans, study maps, and make important forecasts. Besides this, aerial imaging also helps creating accurate presentation of the surface of the earth. When combined with Geographical Information System, aerial images can be used in the strategic planning and analysis of urban settlements.
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Despite increasing application, the global aerial imaging market is currently under threat of losing stronghold owing to the advent of even advanced imaging technologies. For instance, the rising popularity of satellite imagery pose threat to the aerial imaging market. Nonetheless, the advent of LIDAR systems, geographic information systems, and 360-vision cameras is likely to offer growth opportunities to the market in the coming years.
Market Players Likely to Experiment with Various Strategies to Gain Competitive Strength
As per recent studies, the presence of a high number of companies has rendered the global aerial imaging market highly competitive and fragmented. Be it as it may, to gain competitive edge, the market players are experimenting with diverse strategies. For instance, several companies are investing to bring about technological advancements in their products and services. Besides this, several are capitalizing on strategic collaborations to expand their geographical footprint and bolster their offerings. Using these strategies, the market players are looking to consolidate their share in the global aerial imaging market.
Some of the most prominent companies operating in the market are Digital Aerial Solutions, Landiscor Aerial Information, NRC Group ASA, Cicade, Landiscor Aerial Information, Cooper Aerial Surveys, Fugro, Kucera International, EagleView Technologies, Landiscor Aerial Information, and Nearmap. In the coming years the market players are likely to focus on merger and acquisitions in order to gain competitive advantage. Besides this, focus on developing smart geo-intelligence solutions will increase to cater to the dynamic preferences of end-use industries.
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