What is Aerial Imaging Market?
Aerial Imaging is a kind of photographs used for cartography, geospatial, movie production, environmental studies, power line inspection, and other areas. It is a technique of taking photographs from a flying object or an aircraft. The platforms for aerial imaging include helicopter, UAV/Drones, balloons, blimps, rocket, kites, parachutes, airship or any flying aircraft. Aerial imagery or photography combines the unique features of cost-effectiveness and high precision for volume calculations, planning, route design, or the update of an existing mapping. Further, the rapidly growing popularity of UAVs for aerial imaging and the ability to monitor and assess the potential damage from calamities, by enabling disaster management authorities to take corrective measures is driving the Global Aerial Imaging market.
The market study is being classified, by Application (Geospatial Mapping, Disaster Management, Energy & Resource Management, Surveillance & Monitoring, Urban Planning and Others) and major geographies with country level break-up.
Google (United States), BLOM ASA (Norway), Digital Aerial Solutions, LLC (United States), Cooper Aerial Surveys (United States), Fugro (Netherlands), Landiscor Aerial Information (United States), Phoenix Aerial Imaging Pty Ltd. (United States), EagleView Technologies, Inc. (United States) and Quantum Spatial, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nearmap (Australia), Kucera International Inc. (United States), Eagle Aerial Solutions (United States), Aerial Imaging Resources, LLC. (United States) and Phoenix LiDAR Systems, Inc (United States).
The aerial imaging market is moderately concentrated due to the presence of several key vendors who compete for the major market shares. The vendors are competing moderately based on competitive factors such as product performance, quality, price, and reliability. Product innovation and the development of new technology will further intensify the level of competition among the players in the aerial imagery market. Recent advancement in camera technology offer ultra-refined images with high pixels is driving the Global Aerial Imaging Market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aerial Imaging market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Aerial Imaging market by Type, Application and Region.
On the basis of geography, the market of Aerial Imaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Frequency of Natural Disasters
- Adoption of Aerial Imaging in Various Applications Such as Defense, Disaster Management
- Rising Demand for Accurate Aerial Imaging Devices
- Growth in Adoption of Drone Technology
Market Trend
- Implementation of Cloud-Based Big Data Services
- Use of Technologies like Aerial Thermal Surveys
- Increasing Prevalence of National Conflicts and Increasing Archaeological Activities
Restraints
- High-Cost Factor Associated with Aerial Imaging Devices such Drones
- Satellite Imagery as a Substitute
Opportunities
- Rising Demand for Oil and Gas
- Companies Adopting Aerial Imaging to Increase Productivity and Achieve Energy Efficiency
Challenges
- Security and Privacy Concerns
- Stringent Government Regulations in the Aviation Industry
Market Leaders and some development strategies
In March 2019, Phoenix LiDAR Systems, Inc, announced the launch of its latest service offering, Phoenix Vision360, in partnership with camera motion control experts Black Forest Motion. and Phoenix Vision360 is an ultra-high resolution, 360-degree, aerial imaging platform that features the latest 150-megapixel imaging technology from PhaseOne Industrial Solutions and allows for aerial visual inspection from heights not seen in the current marketplace.
In 2017, in the United States faced the tropical storm, named Harvey, which resulted in the death of several people. Through aerial image solutions, the government was able to identify the impact of the storm and devised a proper evacuation plan for citizens, to minimize the casualty.
Key Target Audience
Unmanned Air Vehicle Manufacturers, Aerial Imaging System Platform Providers, Government and Regulatory Agencies, Personal Aerial Mapping System (PAMS) Manufacturers, Marketing Firms, Industry Associations and Potential Investors